First Phosphate Announces Resource Update, NASDAQ Uplisting, and Feasibility Study Plans
First Phosphate Corp., listed on multiple exchanges including the CSE (PHOS), NASDAQ (PHOS), FRA (KD0), and OTCQX (FRSPF), has announced an updated mineral resource estimate for its Bégin-Lamarche property. The company reported a significant increase in indicated resources, with CEO John Passalacqua emphasizing the continuity of the deposit as key to moving forward with a feasibility study. This update is expected to accelerate development plans and support permitting efforts by late 2027. The firm also highlighted its recent NASDAQ uplisting, which has expanded access to U.S. investors and generated strong trading volumes following the listing event in New York. During roadshows, management engaged with over 150-200 funds interested in investing after securing a major exchange listing. Additionally, First Phosphate holds more than $30 million in treasury cash and received recent government contributions totaling nearly $21.5 million for infrastructure development at the site. With these financial resources and updated resource data, the company aims to complete its feasibility study by early 2027 before making an investment decision.
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