First Phosphate Corp. reported publication of a peer-reviewed study of its Bégin-Lamarche Igneous Phosphate Deposit in Ore Geology Reviews. The study describes how phosphate-rich layers formed and reports that they are low in chlorine and other trace elements, making them a potential high-purity phosphate source for purified phosphoric acid, a precursor used to make lithium iron phosphate battery cathode material.
Scientists from Queen’s University and Université du Québec à Chicoutimi examined the deposit’s Mountain, North and South Zones using mineralogical, petrological and geochemical analysis. The deposit is part of the 1.14 Ga Lac-Saint-Jean Anorthositic Suite. First Phosphate said the findings provide a basis for exploring other igneous phosphate layers in Québec and may offer insights relevant to similar deposits globally.
First Phosphate Corp. (PHOS) reports that it has received a Letter of Support from Swiss Export Risk Insurance (SERV) for approximately USD 212.5 million of insurance/guarantees in connection with buyer credit financing for its igneous phosphate mine and processing facility project in Saguenay–Lac-Saint-Jean, Québec, Canada. The support is based on an assumed eligible Swiss export contract value of USD 250 million, with SERV indicating it would consider covering about 85% of that amount and, in line with OECD guidelines, provide cover of up to 95% of the eligible financed amount.
The financed amount may include up to 85% of the export contract value, eligible local costs of up to 50% of the export contract value, capitalized interest during construction, and the export credit agency premium. A sufficient portion of the project is expected to be sourced from Switzerland to qualify for SERV coverage, and SERV may also seek reinsurance from other export credit agencies for significant project portions sourced outside Switzerland.
First Phosphate Corp. (PHOS) reports outcomes from its August 28, 2026 Annual General and Special Meeting. All five director nominees were elected, each receiving over 96% of votes cast, with most above 99% support. Shareholders also approved fixing the board size at five, re-appointing Davidson & Company LLP as auditor, adopting an advance notice policy for director nominations, and re-approving the company’s omnibus equity incentive plan.
The registered shareholder base on record for the 2026 meeting increased by 861% compared with 2025, rising to 12,501 from 1,301. The advance notice policy is intended to provide a clear and transparent process and timeline for shareholders who wish to nominate directors.
First Phosphate Corp. (FRSPF) filed an updated NI 43-101 Technical Report and Mineral Resource Estimate for its 100%-owned Bégin-Lamarche Phosphate Project in the Saguenay–Lac-Saint-Jean region of Québec. The deposit is hosted in oxide-apatite ultramafic and mafic intrusions within the Lac-Saint-Jean anorthosite suite and is considered amenable to open pit mining.
At a 2.5% P₂O₅ cut-off, pit-constrained Measured Mineral Resources total 6.2 Mt at 7.70% P₂O₅, Indicated Mineral Resources total 198.5 Mt at 6.00% P₂O₅, and Inferred Mineral Resources total 89.5 Mt at 6.16% P₂O₅, for 12.38 Mt contained P₂O₅ in Measured & Indicated and 5.5 Mt in Inferred. Metallurgical testwork by SGS produced an apatite concentrate grading 40.4% P₂O₅ at 88% recovery, and the authors conclude the project has economic potential pending a full Feasibility Study.
The report outlines a recommended exploration, metallurgical and feasibility work program totaling about C$20.36 million, including 10,000 m of infill drilling, additional exploration and geomechanical drilling, extensive metallurgical testing, and a Feasibility Study. The Mineral Resource Estimate is based on 276 drill holes totaling 68,345 m, with 20,682 P₂O₅ assays and an optimized open-pit design using a P₂O₅ price assumption of US$280/t for 40% P₂O₅ concentrate.
First Phosphate Corp. (FRSPF) reports that, effective August 10, 2026, it ceased to be a “venture issuer” under National Instrument 51-102 – Continuous Disclosure Obligations. This change in status results from the company’s American Depositary Receipts being listed on the Nasdaq Global Market.
First Phosphate Corp. reports that its board and management will ring the Nasdaq Opening Bell at the Nasdaq Market Site in Times Square on August 13, 2026, to celebrate its recent listing on the Nasdaq Global Market. The company describes itself as a mineral exploration, development and clean technology business focused on building and reshoring a vertically integrated mine-to-market supply chain for lithium iron phosphate (LFP) batteries in North America. Target end markets include energy storage, data centers, robotics, mobility and national security, supported by its high-purity igneous phosphate resource at the Bégin-Lamarche property in Québec.
First Phosphate Corp. reports that its American Depositary Receipts will be uplisted to the Nasdaq Global Market as a Level 2 ADR under ticker symbol PHOS, effective at the opening of trading on August 10, 2026. The ADR ratio remains at ten common shares for each one ADR.
On August 10, 2026, the company’s Level 1 ADRs will be delisted from the OTCQX market and automatically converted into Level 2 ADRs that trade on Nasdaq. The uplisting does not affect the company’s existing listings of common shares on the OTCQX (FRSPF), the CSE (PHOS), or the FSE (KD0).
Holders may continue to convert First Phosphate common shares into ADRs at no cost until December 31, 2026 through The Bank of New York Mellon, the depositary bank. The company states that this Level 2 ADR program does not constitute a new offering, and that no additional shares are being issued nor capital raised in connection with the uplisting.