First Phosphate Corp. (PHOS) Financings
CSE: PHOS · Phosphate · Development stage
- Market cap$297.1M
- Share price$1.56
- 52-week range$0.640 – $2.78
- Shares outstanding190,419,664
- ExchangeCSE
- Properties6
- Websitefirstphosphate.com
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, at full ESG standard and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of total land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.
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First Phosphate Corp. financial statements
Key figures read from 8 of 8 financial statement filings, Oct 30, 2023 to Oct 20, 2026. Each column is the period as the company first filed it.
Balance sheet: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | |
|---|---|---|---|---|
| Cash and equivalents | C$19,949,271 | C$15,996,340 | C$20,190,457 | C$19,983,238 |
| Total current assets | C$3,956,232 | C$3,870,109 | C$3,881,834 | C$3,792,463 |
| Total current liabilities | C$4,151,297 | C$3,578,706 | C$3,105,329 | C$1,232,875 |
| Working capital | (C$195,065) | C$291,403 | C$776,505 | C$2,559,588 |
| Exploration and evaluation assets | C$3,638,061 | C$3,591,734 | C$3,591,734 | C$3,591,734 |
| Total assets | C$30,776,289 | C$25,851,034 | C$28,655,110 | C$25,126,133 |
| Debt | C$747,246 | C$735,998 | C$726,213 | — |
| Total liabilities | C$4,938,469 | C$4,364,986 | C$3,891,993 | C$1,235,289 |
| Shareholders' equity | C$25,837,820 | C$21,486,048 | C$24,763,117 | C$23,890,844 |
Income statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 3M Aug 2026 | 3M May 2026 | 3M Nov 2025 | 3M Aug 2025 | |
|---|---|---|---|---|
| Exploration and evaluation expense | C$7,365,756 | C$6,206,233 | — | C$1,463,750 |
| General and administrative | C$239,345 | C$443,407 | C$412,798 | C$123,192 |
| Share-based compensation | C$1,116,566 | C$1,289,846 | C$652,966 | C$423,577 |
| Impairments and write-downs | — | — | — | (C$133,031) |
| Net income (loss) | (C$11,510,005) | (C$7,994,354) | (C$5,777,828) | (C$2,006,009) |
Cash flow statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 6M Aug 2026 | 3M May 2026 | 9M Nov 2025 | 6M Aug 2025 | |
|---|---|---|---|---|
| Operating cash flow | (C$21,073,614) | (C$7,470,082) | (C$8,050,470) | (C$5,419,318) |
| Investing cash flow | (C$46,599) | — | — | — |
| Financing cash flow | C$20,879,027 | C$3,275,965 | C$26,160,158 | C$11,136,400 |
| Exploration spending (capitalized) | (C$46,327) | — | — | — |
| Change in cash | (C$241,186) | (C$4,194,117) | C$18,109,688 | C$5,717,082 |
| Cash at end of period | C$19,949,271 | C$15,996,340 | C$19,983,238 | C$7,590,632 |
First Phosphate Corp. financings
1 financing announced or closed by First Phosphate Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-28 | First Phosphate Corp. (PHOS) | Flow-through, private placement, non-brokered | Closed, 2 tranches | $33.1M | $2.00 | First Phosphate Announces Non-Brokered Private Placement to Accommodate Existing Investors |