First Phosphate Reports Annual Meeting Results, Substantial Increase in Shareholder Base and Adoption of Advance Notice Policy
First Phosphate Reports Annual Meeting
Results, Substantial Increase in Shareholder
Base and Adoption of Advance Notice Policy
Saguenay, Québec--(Newsfile Corp. - September 1, 2026) - First Phosphate Corp (NASDAQ: PHOS)
(CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) ("
First Phosphate
" or the "
Company
") is pleased to
report the voting results for the Company's Annual General and Special Meeting of Shareholders (the
"
Meeting
") held on August 28, 2026.
Voting Results
Detailed voting results of the election of the Company's board of directors (the "
Board
") are set out
below:
Nominee
Votes For
% For
Votes Withheld
% Withheld
John Passalacqua
65,681,593
99.52%
317,515
0.48%
Laurence W. Zeifman
63,839,049
96.73%
2,160,059
3.27%
Bennett Kurtz
65,673,958
99.51%
325,150
0.49%
Peter Nicholson
65,691,489
99.53%
307,619
0.47%
Peter Kent
64,335,301
97.48%
1,663,807
2.52%
All nominees, as set forth in the Company's Management Information Circular dated July 29, 2026 (the
"
Circular
"), were elected as directors of First Phosphate at the Meeting.
At the Meeting, shareholders also approved: (1) the number of directors to be fixed at five, (2) the
appointment of Davidson & Company LLP as auditor of the Company for the ensuing year and
authorizing the Board to fix the remuneration of the auditor, (3) the Company's advance notice policy (the
"
Policy
"); and (4) the re-approval of the Company's omnibus equity incentive plan, all as more
particularly described in the Circular.
Matter
Votes For
% For
Votes Against -
Withheld
% Against -
Withheld
Number of directors
65,594,446
99.39%
404,662
0.61%
Appointment of auditors
64,206,061
97.28%
1,793,047
2.72%
Advance Notice Policy
64,112,942
97.14%
1,886,166
2.86%
Re-Approve Equity Incentive Plan
63,654,831
96.45%
2,344,277
3.55%
For further information regarding the matters considered at the Meeting, readers are encouraged to
review the Circular, a copy of which is available under the profile for the Company on SEDAR+
(
www.sedarplus.ca
).
Increase in Shareholder Base
The Company is pleased to announce that its shareholders on record for the 2026 Meeting increased by
861% over the 2025 Meeting.
The total registered shareholders reported are based on the registrar of
the Company's transfer agent plus beneficial shareholders reported by Broadridge.
AGM Record Date
Shareholders
2026
12,501
2025
1,301
2024
861
2023
800
2022
307
The Company believes that this increase in shareholders represents a positive sign of maturation in the
Company's corporate development, one that can be attributed to successful financings, management's
commitment to results, and a broader understanding and appreciation of the Company's vision,
initiatives and opportunities, among both retail and institutional investors.
Advance Notice Policy
The Board has, effective immediately, adopted the Policy which, among other things, and subject to
certain exceptions, sets forth a procedure requiring advance notice to the Company by any shareholder
who intends to nominate any person for election as director of the Company at a meeting of
shareholders at which directors are to be elected.
For additional details, please consult the full text of the
Policy included in the Circular.
The Board believes that the Policy provides a clear and transparent process for all shareholders to
follow, if they intend to nominate directors, by providing a reasonable time frame for shareholders to
notify the Company of their intention to nominate directors and requiring shareholders to disclose
information concerning proposed nominees that is mandated by applicable securities laws.
The Policy enables the Board to evaluate the proposed nominees' qualifications and suitability as
directors and respond as appropriate in the best interests of the Company.
About First Phosphate Corp
First Phosphate (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 Bégin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Québec, Canada,
represents a rare North American igneous phosphate resource producing high-purity phosphate
characterized by very low levels of impurities.
For additional information, please contact:
Bennett Kurtz
Chief Financial Officer
Tel:
+1 (416) 200-0657
Investor Relations:
https://firstphosphate.com/investors
General Inquiries:
https://firstphosphate.com/contact
Website:
www.FirstPhosphate.com
Follow First Phosphate:
X:
https://twitter.com/FirstPhosphate
LinkedIn:
https://www.linkedin.com/company/first-phosphate/
-30-
Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered "forward-
looking statements" and "forward looking information" within the meaning of applicable securities
laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking
information can be identified by the use of forward-looking terminology such as "plans", "targets",
"expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates",
"intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words
and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will"
or "will be taken", "occur" or "be achieved" and other similar expressions. In addition, statements in
this news release that are not historical facts are forward looking statements. Although the Company
believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking statements include development and
exploration successes, continued availability of capital and financing, and general economic, market
or business conditions. These statements are based on a number of assumptions including, among
other things: that engineering and construction timetables and capital costs for the Company's,
exploration, development and expansion projects are correctly estimated and not affected by
unforeseen circumstances; the ability to obtain financing for its proposed operations on acceptable
terms; no material deterioration in general business and economic conditions; no material delays in
obtaining permits and other approvals; no significant disruptions affecting the activities of the
Company or its ability to access required project equipment and services, and operating supplies in
sufficient quantities and on a timely basis; inflation and prices for Company project inputs being
approximately consistent with anticipated levels; the ability to complete the exploration and
development programs consistent with the Company's expectations; commodity price expectations
including assumptions for P2O5; the Company's relationship with local municipalities and First
Nations remaining consistent with the Company's expectations; the Company's relationship with other
third-party partners and suppliers remaining consistent with the Company's expectations; and
government relations and actions being consistent with Company expectations. Investors are
cautioned that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking statements.
Accordingly, readers should not place undue reliance on the forward-looking information contained in
this press release. The Company does not assume any obligation to update or revise its forward-
looking statements, whether because of new information, future events or otherwise, except as
required by applicable law. All forward-looking information contained in this release is qualified by
these cautionary statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/312315