First Phosphate raises $3.07M from warrant exercises, advancing its debt-free battery material project in Canada.

First Phosphate Corp. secured $3.07 million by exercising 2.46 million warrants before their April 2026 expiry, boosting its capital for developing a clean technology phosphate project in Québec. The company remains debt-free and benefits from a $16.7 million non-repayable federal grant, accelerating its timeline to produce high-purity phosphate for lithium iron phosphate (LFP) batteries. With nearly 180 million shares outstanding and ongoing private placements since 2022, First Phosphate is focused on building a vertically integrated North American supply chain for battery materials serving energy storage and other advanced markets. This financial boost supports its flagship Bégin-Lamarche property development and future growth plans.