First Phosphate Corp.

OTCPK:FRSP.F Stock Report

Market Cap: US$13.7m

First Phosphate Management

Management criteria checks 2/4

First Phosphate's CEO is John Passalacqua, appointed in Jun 2022, has a tenure of 2.5 years. total yearly compensation is CA$772.86K, comprised of 9.3% salary and 90.7% bonuses, including company stock and options. directly owns 13.82% of the company’s shares, worth $1.90M. The average tenure of the management team and the board of directors is 2 years and 2.1 years respectively.

Key information

John Passalacqua

Chief executive officer

CA$772.9k

Total compensation

CEO salary percentage9.3%
CEO tenure2.5yrs
CEO ownership13.8%
Management average tenure2yrs
Board average tenure2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Passalacqua's remuneration changed compared to First Phosphate's earnings?
DateTotal CompensationSalaryCompany Earnings
Aug 31 2024n/an/a

-CA$9m

May 31 2024n/an/a

-CA$10m

Feb 29 2024CA$773kCA$72k

-CA$8m

Nov 30 2023n/an/a

-CA$6m

Aug 31 2023n/an/a

-CA$6m

May 31 2023n/an/a

-CA$5m

Feb 28 2023CA$209kCA$105k

-CA$3m

Compensation vs Market: John's total compensation ($USD536.08K) is about average for companies of similar size in the US market ($USD646.54K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.

CEO

John Passalacqua

2.5yrs

Tenure

CA$772,856

Compensation

Mr. John Passalacqua is Chief Executicve officer of First Phosphate Corp. (formerly known as First Potash Corp.)oration from June 23, 2022 and serves as its Director since June 25, 2021. Mr. Passalacqua is...

Leadership Team

NamePositionTenureCompensationOwnership
John Passalacqua
CEO & Director2.5yrsCA$772.86k13.82%
$ 1.9m
Bennett Kurtz
CFO, Chief Administrative Officer3.5yrsCA$580.29k5%
$ 686.9k
Gilles Laverdiere
Chief Geologist1.6yrsCA$201.63k0.47%
$ 64.6k
Armand MacKenzie
Vice President of Government Relationsless than a yearno data0.53%
$ 72.2k

2.0yrs

Average Tenure

Experienced Management: FRSP.F's management team is considered experienced (2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
John Passalacqua
CEO & Director3.5yrsCA$772.86k13.82%
$ 1.9m
Bennett Kurtz
CFO, Chief Administrative Officer3.5yrsCA$580.29k5%
$ 686.9k
Bernard Lapointe
Member of Advisory Board2.1yrsno datano data
Laurence Zeifman
Independent Chairman2.5yrsCA$479.90k5.65%
$ 775.8k
Ford Nicholson
Member of Advisory Boardno datano datano data
Yves Caprara
Member of Advisory Board2.2yrsno datano data
Peter Kent
Member of Advisory Boardno dataCA$134.76kno data
Isobel Sheldon
Member of Advisory Board1.5yrsno datano data
Gary Stanley
Member of Advisory Boardless than a yearno datano data
Paul Pitman
Member of Advisory Boardno datano datano data
Peir Pufahl
Member of Advisory Boardno datano datano data
Peter J. Nicholson
Directorless than a yearno data0.098%
$ 13.5k

2.1yrs

Average Tenure

62yo

Average Age

Experienced Board: FRSP.F's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 06:26
End of Day Share Price 2024/12/27 00:00
Earnings2024/08/31
Annual Earnings2024/02/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

First Phosphate Corp. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution