Saguenay, Quebec – Newsfile Corp. – 10 August 2026 – First Phosphate Corp. (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) (“First Phosphate” or the “Firm“) is happy to announce that its American Depositary Receipts (“ADRs“) might be uplisted to Nasdaq World Market as a Stage 2 ADR underneath ticker image “PHOS” (CUSIP: 33611D301; ISIN: US33611D3017) efficient on the opening of buying and selling on August 10, 2026.
The First Phosphate ADR ratio stays set to 10 (10) First Phosphate frequent shares for every (1) First Phosphate ADR.
Efficient August 10, 2026, First Phosphate degree 1 ADRs might be delisted from the OTCQX market and might be mechanically transformed to First Phosphate degree 2 ADRs readily tradeable on the Nasdaq Inventory Change underneath ticker image “PHOS“.
The First Phosphate Stage 2 ADR underneath Nasdaq ticker image “PHOS” stays complimentary to all different Firm listings on all different inventory exchanges and doesn’t have an effect on the Firm’s at present listed frequent shares on the OTCQX underneath image “FRSPF“, on the CSE underneath image “PHOS” and on the FSE underneath image “KD0“.
Individuals could proceed to transform First Phosphate frequent shares into ADRs for gratis till December 31, 2026 by way of The Financial institution of New York Mellon (“BNY“) which is at present the depositary financial institution for the First Phosphate ADR program.
BNY facilitates the issuance and cancellation of First Phosphate ADRs in accordance with directions obtained from market individuals. The First Phosphate ADR program operates in accordance with a deposit settlement, filed with the US Securities and Change Fee (“SEC“) and accessible by way of https://www.sec.gov/Archives/edgar/information/2108542/000101915526000028/0001019155-26-000028-index.htm. The First Phosphate frequent shares underlying the First Phosphate ADRs are held in custody by BNY. Buyers can convert First Phosphate frequent shares into First Phosphate ADRs by instructing their dealer or custodian to ship the frequent shares by way of CDS to BNY’s safekeeping account at CIBC Mellon. For questions on issuances and cancellations of ADRs, please contact canadadrconversions@bny.com.
The First Phosphate Stage 2 ADR program doesn’t represent a brand new providing of securities and, due to this fact, no extra shares are being issued neither is any capital being raised in reference to the uplist of the First Phosphate ADR to the Nasdaq Inventory Change. Furthermore, nothing herein shall be deemed to represent a suggestion to promote or a solicitation of a suggestion to purchase securities.
ADRs are negotiable U.S. securities that signify a non-U.S. firm’s fairness. ADRs commerce freely in international markets and facilitate cross-border buying and selling. Extra info is out there by way of BNY Depositary Receipts web site: www.adrbny.com.
The issuer is solely answerable for the content material of this announcement.
About First Phosphate Corp.
First Phosphate (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) is a mineral exploration and growth and clear expertise firm devoted to constructing and reshoring a vertically built-in mine-to-market provide chain for the manufacturing of LFP batteries in North America. Goal markets embody vitality storage, information facilities, robotics, mobility, and nationwide safety. First Phosphate’s flagship Bégin-Lamarche property, situated in Saguenay-Lac-Saint-Jean, Québec, Canada, represents a uncommon North American igneous phosphate useful resource producing high-purity phosphate characterised by very low ranges of impurities.
Investor Relations: 
investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Web site: 
www.FirstPhosphate.com
Observe First Phosphate:
X: https://x.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/firm/first-phosphate
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Ahead-Wanting Info and Cautionary Statements
This launch consists of sure statements that could be deemed “forward-looking info”. Any assertion that discusses predictions, expectations, beliefs, plans, projections, targets, assumptions, future occasions or efficiency (usually however not at all times utilizing phrases corresponding to “expects”, or “doesn’t count on”, “is predicted”, “anticipates” or “doesn’t anticipate”, “plans”, “price range”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “could” or “might”, “would”, “would possibly” or “will” be taken to happen or be achieved) aren’t statements of historic reality and could also be forward-looking info. Particularly, this press launch comprises forward-looking info regarding, amongst different issues: the transition of ADR securities from OTC to Nasdaq and the itemizing of the ADRs on Nasdaq.
Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on affordable assumptions, such statements aren’t ensures of future efficiency and precise outcomes or developments could differ materially from these forward-looking statements. Elements that would trigger precise outcomes to vary materially from these in forward-looking statements embody market costs, growth and exploration successes, and continued availability of capital and financing and normal financial, market or enterprise circumstances. These statements are primarily based on quite a lot of assumptions together with, amongst different issues, assumptions concerning normal enterprise and financial circumstances that engineering and development timetables and capital prices for the Firm’s, exploration, growth and growth initiatives are accurately estimated and never affected by unexpected circumstances; the flexibility to acquire financing for its proposed operations on acceptable phrases; no materials deterioration typically enterprise and financial circumstances; no materials delays in acquiring permits and different approvals; no vital disruptions affecting the actions of the Firm or its potential to entry required mission gear and providers, and working provides in adequate portions and on a well timed foundation; inflation and costs for Firm mission inputs being roughly in keeping with anticipated ranges; the flexibility to finish the exploration and growth applications in keeping with the Firm’s expectations; commodity value expectations together with assumptions for P2O5; the Firm’s relationship with native municipalities and First Nations remaining in keeping with the Firm’s expectations; the Firm’s relationship with different third-party companions and suppliers remaining in keeping with the Firm’s expectations; and authorities relations and actions being in keeping with Firm expectations. Buyers are cautioned that any such statements aren’t ensures of future efficiency and precise outcomes or developments could differ materially from these projected within the forward-looking statements. Accordingly, readers mustn’t place undue reliance on the forward-looking info contained on this press launch. The Firm doesn’t assume any obligation to replace or revise its forward-looking statements, whether or not due to new info, future occasions or in any other case, besides as required by relevant legislation. All forward-looking info contained on this launch is certified by these cautionary statements.
