How much capital did First Phosphate raise in its recent financing?

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First Phosphate Raised Over $15 Million in Recent Financing

First Phosphate Corp. successfully raised $15,420,640 in its recent financing that closed on June 12, 2026. This capital infusion was comprised of two distinct components: Hard Dollar Units and Flow-Through Shares, both priced at $2.00 per unit or share.
Hard Dollar Units and Flow-Through Shares Issued

The financing involved the issuance of 1,432,750 Hard Dollar Units, generating gross proceeds of $2,865,500. Additionally, 6,277,570 Flow-Through Shares were issued, contributing gross proceeds of $12,555,140 to the total raised.
Significant Cumulative Capital Raised

This latest offering, when combined with capital raised since June 2022, brings the total amount secured by First Phosphate to approximately $78 million. This cumulative figure includes funds from 11 management-led non-brokered private placements and from the exercise of options and warrants.
Insider Participation in the Offering

The financing saw participation from company insiders, including Laurence W. Zeifman, Chairman of the Board, who purchased 50,000 Flow-Through Shares. This indicates continued confidence from key individuals within the company's leadership.

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How much capital did First Phosphate raise in its recent financing?

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