First Phosphate Announces $2,000,000 Strategic Private Placement

First Phosphate Corp., based in Saguenay, Quebec, announced a non-brokered private placement with a strategic investor for $2,000,000. This placement follows a previous offering that raised initial gross proceeds of $1,000,000, oversubscribed at $3,517,519.

The offering includes flow-through shares and dollar units. Funds from the flow-through shares will be used for exploration expenses in Canada, while funds from the units will be used for development and general corporate purposes.

All securities issued will be subject to a statutory hold period of four months and one day. Finder's fees, including commissions and warrants, will be paid to eligible underwriters.

The offering is expected to close on or about July 8, 2025, subject to necessary approvals. No public offering is planned in the United States.