Announcement • Jul 13
First Phosphate Corp. announced that it has received CAD 17.69829 million in funding
On July 13, 2026, First Phosphate Corp. closed the transaction by closing its second and last tranche of the oversubscribed transaction. Under this tranche of the financing, the Company raised a total of CAD 2,277,650 through the issuance of 960,500 Flow-Through Shares for gross proceeds of CAD 1,921,000 and 178,325 Hard Dollar Units, comprised of 178,325 Common Shares and 178,325 Warrants, for gross proceeds of CAD 356,650. In connection with the current tranche of the offering, the Company paid CAD 12,000 in cash finder's fees, issued 8,040 compensation Common Shares at a deemed price of CAD 2.00 per common share and issued 14,040 Compensation Warrants. In aggregate between the two tranches, the Company paid CAD 168,880 in cash finder's fees, issued 330,960 Compensation Shares and issued 424,400 Compensation Warrants. All securities issued under the offering are subject to a four month and one day statutory hold period in accordance with applicable securities laws. In aggregate, under the two tranches of the offering, the Company has raised gross proceeds of CAD 17,698,290 through the issuance of 7,238,070 Flow-Through Shares for gross proceeds of CAD 14,476,140, and through the issuance of 1,611,075 Hard Dollar Units for gross proceeds of CAD 3,222,150.