First Phosphate Launches $1 Million Private Placement

First Phosphate Corp., a company listed on the CSE, OTCQB, and FSE stock exchanges, announces a non-brokered private placement. This offering proposes to raise minimum gross proceeds of $1 million. It consists of flow-through shares and cash units, each priced at $0.35. The funds will support exploration projects in Quebec.

Each unit includes one common share and one-half of a warrant. The warrants entitle the holder to purchase an additional share at $0.50, with a potential early maturity. The securities are subject to a statutory hold period of four months and one day.

The offering could close in tranches by May 27, 2025. First Phosphate reserves the right to pay certain expenses in common shares. The initiative is contingent on several regulatory approvals.