First Phosphate raises $3M from warrant exercises, stays debt-free as it advances development.

First Phosphate Corp. raised over $3 million by exercising 2.46 million share purchase warrants at $1.25 each, boosting its funding as it progresses its development plans. The company now has nearly 180 million common shares outstanding and remains debt-free. This funding supports an accelerated timeline, aided by a $16.7 million non-repayable contribution from the Canadian government. Since June 2022, First Phosphate has raised about $62.5 million through private placements and warrant exercises, positioning it well for future growth.