First Phosphate Corp C.PHOS

Alternate Symbol(s): FRSPF

First Phosphate Corp. is a Canada-based mineral development company. The Company is engaged in extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (LFP) battery industry. It holds over 1,500 square kilometers (sq. km) of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada. Its properties consist of anorthosite igneous phosphate rock that generally yields high purity phosphate materially devoid of high concentrations of harmful elements. The Company's properties include Lac a l'Orignal, Begin - Lamarche, Bluesky Area, and Larouche. All the properties consist of a series of staked claims and claims acquired under various option agreements in the Saguenay-Lac-St-Jean region of Quebec. The claims are 100% owned by the Company and are free of net smelter royalties. These properties are in the exploration stage.

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First Phosphate Corp > New Press Release - First Phosphate Announces Intention to Complete $2,000,000 Non-Brokered Private Placement

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Comment by tweezer1957on Dec 18, 2023 8:44am

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Post# 35789436

RE:New Press Release - First Phosphate Announces Intention to Complete $2,000,000 Non-Brokered Private Placement

I told you so. Company really has no choice and this will be the first of many to come. Until they get a feasability study the comany does not have any assets to borrow against. The land is worth a few million at best. So management has taken the dream to a tangible level but from here on has to fulfil obligations or the MOU's just fade away.
Good luck to all
Sell into strength

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