The Albany Gazette - Emerging Growth Research Details Recent Milestones Achieved by First Phosphate

The Flash Report reviews a series of milestones achieved over the past four months that have advanced First Phosphate's Bégin-Lamarche igneous phosphate project in Quebec and strengthened its development outlook.

Key Highlights

Over the past four months, First Phosphate has:

1) secured formal G7 endorsement, positioning the project as a strategic asset in the development of a Western LFP phosphate supply chain;

2) obtained fast-track permitting status from Quebec, potentially accelerating regulatory approvals;

3) secured C$4.9 million in non-repayable federal funding for road and electrical infrastructure;

4) completed a Nasdaq listing (PHOS), expanding access to U.S. institutional investors;

5) increased Indicated mineral resources by 378% through an updated Mineral Resource Estimate;

6) expanded its shareholder base nearly 10x, from 1,301 to 12,501 investors in one year;

7) received a Letter of Support from Swiss Export Risk Insurance (SERV) for a potential guarantee of up to US$212.5 million in project capital expenditures;

8) gained independent scientific validation through a peer-reviewed study supporting the deposit's world-class potential; and

9) established over two years of funding runway.

The Flash Report notes that these milestones reduce geological, regulatory and financing risks and support a less dilutive path toward construction. The Company is targeting completion of its feasibility study in Q1 2027 and a Final Investment Decision in Q1/Q2 2028.

The full Flash Report from Emerging Growth Research is available at:

https://app.accessnewswire.com/admin/release/attachment/90366

Or

https://emerginggrowth.com/profile/frspf/ (on the right side of the page as you scroll down)

To be notified of future Emerging Growth Research report releases, please sign up here.

About First Phosphate Corp.

First Phosphate Corp. (NASDAQ:PHOS)(CSE:PHOS)(OTCQX:FRSPF)(FSE:KD0) is a mineral exploration and development and clean technology company dedicated to building and reshoring a vertically integrated mine-to-market supply chain for the production of LFP batteries in North America. Target markets include energy storage, data centers, robotics, mobility, and national security. First Phosphate's flagship Begin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Quebec, Canada, represents a rare North American igneous phosphate resource producing high-purity phosphate characterized by very low levels of impurities. For more information, please visit www.FirstPhosphate.com.

About Emerging Growth Research

Emerging Growth Research, LLC ("EGR") is a research firm focused on emerging growth companies, including small-, micro- and nano-cap companies across healthcare, biotechnology, energy, metals and mining, technology and other emerging industries. EGR provides research reports, quarterly updates, flash reports and other investor-focused content covering emerging growth companies.

Emerging Growth Research also provides company-sponsored research services. The research referenced in this press release is company-sponsored research.

Contact:

Emerging Growth Research
[email protected]
www.EmergingGrowth.com

Forward-Looking Statements

This press release contains forward-looking statements concerning business operations, financial performance, project development, financing and permitting timelines, capital markets opportunities, and future growth expectations. These statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied. Important risk factors include, but are not limited to, permitting and regulatory timing, the availability and terms of project financing, commodity price assumptions, execution risk associated with feasibility and development activities, and the Company's ability to successfully execute its growth strategy.

Disclosure

This report was prepared for institutional and professional investors ONLY, and it is also known as Company Sponsored Research ("CSR"). Collectively, however ("EGR Report(s)").

Be advised that this EGR Report is being provided by Emerging Growth Research LLC ("EGR") solely for informational purposes, is not the opinion of EmergingGrowth.com ("EG"), should not be construed as an offer or solicitation to buy or sell securities, and should not be considered in any decision to buy or sell any security mentioned within the EGR Reports. All information contained in the EGR Report as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive, timely, or correct. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. Because EGR is compensated as detailed herein and EG receives Licensing fees from EGR, as also detailed herein, EG and EGR have a conflict of interest and strongly urge you to consult your own independent financial, investment, tax, and legal advisors prior to purchasing or selling any securities mentioned herein.

The analyst that has prepared and is responsible for the content of this report has stated that neither he/she, nor any of his/her associates both professional and personal, to the best of his/her knowledge have no personal or professional relationship with any of the companies or principals of any companies mentioned within, other than providing services that EGR may offer.

EGR is being compensated by the subject Company of this report. EGR was paid one thousand five hundred USD for this report and expects to receive an additional zero dollars over the following 12 months. EGR may have also received additional past compensation, EGR may receive future compensation, and EG may receive compensation for additional services such as presenting on the Emerging Growth Conference or investor or public relations services, details about which can be found in the full disclosure, here: https://emerginggrowth.com/frspf-phos-egr-report-disclosure/.

It is the intent of EGR to provide continuing coverage on a quarterly basis, or otherwise for the subject Company of this report; however, EGR and EG will not notify readers of this report if coverage by EGR, for any reason is terminated.

The reader or user of this content agrees that neither EGR and / or EG nor the analysts, directors, officers, employees, representatives, independent contractors, agents or affiliates of EGR and EG shall be liable or held liable for any omissions, errors, or inaccuracies, regardless of cause, foreseeability, or the lack of timeliness of this or any of our other reports to users. This lack of liability extends to direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, losses, lost income, lost profit, or opportunity costs.

Again, all information contained herein should be independently verified by your own research and your own independent financial, investment, tax, and legal advisors prior to purchasing or selling any securities mentioned herein.

In addition to the specific disclosures mentioned herein, you are encouraged to read our general disclosure here: EmergingGrowth.com/Disclosure.

Rating Definitions

Buy, 30% or greater price appreciation in the next 12 months.

Buy-Extended, near-term EPS and/or revenue horizon is challenging with strong long-term appreciation possibility.

Buy-Emerging, initial stages with low revenue and the potential for large returns with higher risk and volatility.

Hold, perform similar to market.

Sell, 30% or more decline in the next 12 months.

© Copyright 2026 Emerging Growth Research LLC

No part of this material may be copied, photocopied, or duplicated in any form by any means or redistributed without the prior written consent of Emerging Growth Research LLC.

SOURCE: First Phosphate Corp.

View the original press release on ACCESS Newswire

(A.Johnson--TAG)