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An update from First Phosphate Corp. ( (TSE:PHOS) ) is now available.
First Phosphate Corp. announced a $15 million private placement through a ‘best efforts’ offering led by Integrity Capital Group Inc. The funds will be used for a feasibility study and permitting of their Bégin-Lamarche Property, infrastructure development, acquisitions, and general corporate purposes. This move is expected to bolster the company’s operations and strengthen its position in the LFP battery industry by advancing its flagship project and expanding its infrastructure.
The most recent analyst rating on (TSE:PHOS) stock is a Buy with a C$1.15 price target. To see the full list of analyst forecasts on First Phosphate Corp. stock, see the TSE:PHOS Stock Forecast page.
More about First Phosphate Corp.
First Phosphate Corp. is a mineral development company focused on producing high-purity phosphate for the LFP battery industry. The company emphasizes sustainable extraction and purification processes with a low carbon footprint, and operates a vertically integrated model that links phosphate mining directly to North American battery supply chains. Its flagship project is the Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec.
Average Trading Volume: 257,794
Technical Sentiment Signal: Buy
Find detailed analytics on PHOS stock on TipRanks’ Stock Analysis page.