First Phosphate Announces Dual Listing on the Frankfurt Stock Exchange
First Phosphate Announces Dual Listing on
the Frankfurt Stock Exchange
Saguenay, Quebec--(Newsfile Corp. - February 28, 2023) - First Phosphate Corp. (CSE: PHOS) (FSE:
KD0) ("
First Phosphate
" or the "
Company
") is pleased to announce that its common shares have
commenced trading on the Frankfurt Stock Exchange ("FSE") under ticker symbol "KD0". The
Company's common shares are now cross listed on the Canadian Securities Exchange ("CSE") and the
FSE.
"North America and Europe represent two of the largest and most advanced electric vehicle markets in
the world," explains First Phosphate President, Peter Kent.
"Our management has worked diligently to
ensure that our FSE listing would coincide as closely as possible with our recent CSE listing.
We wish to
extend an invite to European battery metals investors to join our shareholder family."
"First Phosphate is pursuing a meaningful transatlantic dialogue with our battery industry counterparts in
Europe," states Company CEO, John Passalacqua.
"Historic ties between our continents are
unbreakable and will play out favourably in the establishment of a global clean energy future."
The Company's listing on the FSE is of increased importance given the Company's recent
announcement, on February 24, 2023, of a memorandum of understanding (MOU) with Prayon SA
("Prayon"), headquartered in Engis, Belgium, and Europe's largest producer of purified phosphoric acid
and the global leader in purified phosphoric acid production technology.
First Phosphate and Prayon are
building a strategic transatlantic relationship to enable Europe and North America to gain green energy
and critical mineral independence.
First Phosphate's listing on the FSE will allow European investors to follow Company developments
firsthand and to partake more deeply in the Company's development with its European partners.
First
Phosphate is pursuing a deeply organic relationship with a strong European investor base.
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For additional information, please contact:
Peter Kent
President
Tel:
+1 (647) 707-1943
Investor Relations:
Media Relations:
Website:
www.FirstPhosphate.com
Follow First Phosphate:
Twitter:
https://twitter.com/FirstPhosphate
LinkedIn:
https://www.linkedin.com/company/first-phosphate/
About First Phosphate Corp.
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.
Forward-Looking Information and Cautionary Statements
Certain information in this news release constitutes forward-looking statements under applicable
securities laws. Any statements that are contained in this news release that are not statements of
historical fact may be deemed to be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or
the negative of these terms and similar expressions. Forward-looking statements in this news release
include statements relating to: the Company's commitment to producing high purity phosphate
materials at full ESG standard under a low carbon footprint; the Company's plans to integrate directly
into the functions of certain major North American LFP battery producers; the Company's proposed
development of its land claims in the
Saguenay-Lac-St-Jean Region of Quebec
; the Company's MOU
with Prayon and under the proposed partnership terms and the timelines thereof; the Company's
plans to meet continual listing requirements and/or remain listed on the FSE and CSE and the
capitalize on stated benefits thereof; and historic ties between North America and Europe are
unbreakable and will play out favourably in the establishment of a global clean energy future.
Forward-looking information in this press release are based on certain assumptions and expected
future events, namely: the Company's ability to producing high purity phosphate materials at full ESG
standard under a low carbon footprint; the Company's ability to integrate directly into the functions of
certain major North American LFP battery producers; the Company's ability to develop its land claims
in the Company's proposed development of its land claims in the
Saguenay-Lac-St-Jean Region of
Quebec
; the Company's ability to enter into a definitive agreement with Prayon and under the
proposed partnership terms and the timelines thereof; the Company's ability to meet continual listing
requirements and/or remain listed on the FSE and CSE and capitalize on the stated benefits thereof;
and historic ties between North America and Europe are unbreakable and will play out favourably in
the establishment of a global clean energy future.
These statements involve known and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially from those expressed or implied by
such statements, including but not limited to: the Company's inability to produce high purity
phosphate materials at full ESG standard under a low carbon footprint; the Company's inability to
integrate directly into the functions of certain major North American LFP battery producers; the
Company's inability to develop its land claims in the Company's proposed development of its land
claims in the
Saguenay-Lac-St-Jean Region of Quebec
; the Company's inability to enter into a
definitive agreement with Prayon and the proposed partnership terms and the timelines thereof; the
Company's inability to meet continual listing requirements and/or remain listed on the FSE and CSE
and capitalize on the stated benefits thereof; and historic ties between North America and Europe are
not unbreakable and will not play out favourably in the establishment of a global clean energy future.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to
place undue reliance on forward-looking statements, as there can be no assurance that the plans,
intentions or expectations upon which they are placed will occur. Such information, although
considered reasonable by management at the time of preparation, may prove to be incorrect and
actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary
statement and reflect the Company's expectations as of the date hereof and are subject to change
thereafter. The Company undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, estimates or opinions, future events or results or
otherwise or to explain any material difference between subsequent actual events and such forward-
looking information, except as required by applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/156478