Which market will First Phosphate ADRs be delisted from?

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First Phosphate ADRs to be Delisted from OTCQX Market

First Phosphate Corporation's American Depositary Receipts (ADRs) are scheduled to be delisted from the OTCQX market. This delisting will be effective from the opening of trading on August 10, 2026.
Transition to Nasdaq Global Market

The delisting from OTCQX coincides with the uplisting of First Phosphate ADRs to the Nasdaq Global Market. These ADRs will trade under the ticker symbol "PHOS" as a Level 2 ADR. The ADR ratio remains unchanged, with ten First Phosphate common shares representing one ADR.
Conversion to Level 2 ADRs

Upon the effective date of August 10, 2026, the existing Level 1 ADRs on the OTCQX market will automatically convert into the Level 2 ADRs on the Nasdaq Stock Exchange. This transition does not impact the company's common shares listed on other exchanges, including the OTCQX under the symbol "FRSPF," the CSE under "PHOS," and the FSE under "KD0."
Continued Conversion Option

Market participants will have the opportunity to convert their First Phosphate common shares into ADRs at no cost until December 31, 2026. This conversion process is facilitated by The Bank of New York Mellon (BNY), which serves as the depositary bank for the ADR program. BNY manages the issuance and cancellation of ADRs based on instructions from market participants.

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Which market will First Phosphate ADRs be delisted from?

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