Bullboard - Stock Discussion Forum First Phosphate Corp C.PHOS

Alternate Symbol(s): FRSPF

Metals & Mining Industrial Metals & Minerals

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... see more

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First Phosphate Corp > Cashflow

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Post by tweezer1957 on Dec 09, 2024 6:03pm

Cashflow

Hi
I check in here once in a while to see if these guys can pull a rabbit out of there hat. Note I think management is smart but dreamers.
Bases on last finacials they should be running out of money soon. Not sure if they raised additinal funds this year.
Anyone have any insight.
Thanks

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Comment by KanyesRabbi on Dec 18, 2024 3:06pm

They have $2 in tax credit receivables and $2m line of credit. The CEO has been clear they don't need to raise for 1.5 yrs and that he will not dilute at these levels. Thank you

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First Phosphate Corp