Recent Updates — FPHOY

First Phosphate Corp. filed its Annual Information Form for the year ended February 28, 2026, disclosing significant developments in its phosphate exploration and development activities. The filing confirms a June-July 2026 equity financing that raised $17.7 million through the issuance of flow-through shares and units at $2.00 per security. It also reports a $4.84 million non-repayable contribution from the Government of Canada’s NRCan First and Last Mile Fund in August 2026, following an earlier $16.7 million grant commitment finalized in March 2026. Additionally, the company filed an updated Mineral Resource Estimate for its Bégin-Lamarche Property with an effective date of May 1, 2026, and announced a non-binding Letter of Support from Swiss Export Risk Insurance for approximately US$212.5 million in equipment financing. First Phosphate Corp. operates as a mineral exploration and development company focused on acquiring, exploring, and developing igneous phosphate properties in Quebec to produce battery-grade materials.

First Phosphate Corp. announced on September 16, 2026, that it received a Letter of Support from Swiss Export Risk Insurance (SERV) for approximately USD 212.5 million to finance the purchase of Swiss machinery and equipment for its igneous phosphate mine project in Quebec, Canada. This support covers goods and services for the construction of the processing facility in Saguenay-Lac-St-Jean, corresponding to 85% of an assumed eligible Swiss export contract value of USD 250 million. SERV may provide cover of up to 95% of the eligible financed amount in accordance with OECD guidelines. First Phosphate Corp. is a mineral exploration and development company focused on building a vertically integrated supply chain for LFP battery production.