First Phosphate eyes feasibility study after resource update and NASDAQ uplisting - ICYMI

Mining Written by: Emily Jarvie 09:00 Sat 29 Aug 2026 --> Proactive has a commercial relationship with First Phosphate Corp.. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, and... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. First Phosphate Corp. ( NASDAQ:PHOS CSE:PHOS OTCQX:FRSPF ) View Price & Profile First Phosphate eyes feasibility study after resource update and NASDAQ uplisting - ICYMI Published: 09:00 29 Aug 2026 EDT First Phosphate Corp. (CSE:PHOS, NASDAQ:PHOS, FRA:KD0, OTCQX:FRSPF) earlier this week provided an update on the advancement of its Bégin-Lamarche property, with CEO John Passalacqua highlighting an expanded mineral resource, its NASDAQ uplisting and access to more than $50 million of capital as the company works towards its next development milestones. Speaking to Proactive, Passalacqua said the updated NI 43-101 mineral resource estimate showed a significant increase in indicated resources and an increase in the volume of material. He said the most important feature was the “continuity and consistency throughout the entire resource”, adding that the update had given First Phosphate confidence to move into a feasibility study as soon as possible. The feasibility study represents one of the company’s key upcoming potential catalysts. Passalacqua said First Phosphate was targeting its release by the end of 2026 or early 2027, with permitting and an investment decision targeted by the end of 2027. First Phosphate’s recent NASDAQ uplisting could also broaden its access to US investors. Passalacqua said the company’s American depositary receipt had been uplisted to the exchange, with its management team and board subsequently taking part in the opening bell ceremony in New York. During accompanying roadshows, Passalacqua said he spoke with around 150 to 200 interested funds. He explained that some US funds had previously required First Phosphate to secure a listing on a major stock exchange before they could invest. Passalacqua said the company had subsequently seen significant trading volumes following the NASDAQ listing. Funding provides another important element of First Phosphate’s development plans. Passalacqua said the company had more than $30 million in its treasury and had received a further $4.8 million contribution from the Canadian government for road infrastructure and an electrical line to Bégin-Lamarche. That followed a $16.7 million contribution in March. “It gives us access to capital of over $50 million,” Passalacqua said, adding that this would allow First Phosphate to focus on completing the feasibility study before moving into permitting and an investment decision. He described the resulting development schedule as a “really accelerated timeline”, supported by the company’s treasury and Canadian government contributions. Continue reading