PHOS is up 111% since coverage was initiated in July 2025, driven by a combination of company-specific progress and favorable sector developments. Key catalysts include the addition of phosphate to the U.S. Critical Minerals list and China’s export controls on cathode active material for lithium iron phosphate batteries. Since September 2025, the company has raised $15M through equity financings, with in-the-money options and warrants providing the potential for an additional $14M in capital.
First Phosphate Corp. (CSE: PHOS, OTCQB: FRSPF, FSE: KD0) is pioneering a vertically integrated LFP battery supply chain, leveraging high-purity igneous phosphate from its Bégin-Lamarche project in Quebec. A 2024 PEA projects a 23-year mine life, $1.6B NPV8%, and 33% IRR. PHOS plans downstream facilities for phosphoric acid and iron phosphate by 2026, targeting EV, ESS, and AI markets. With 200 ktpa offtake agreements secured and US$170M EXIM financing, PHOS is poised for growth. Catalysts inclu...
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