First Phosphate Corp. (FRSPF) Form 6-K — Oct 22, 2026
First Phosphate reported a six-month net loss of C$19.5 million for the period ended August 31, 2026, versus C$3.8 million a year earlier, driven by C$13.6 million of exploration spending at its flagship Bégin-Lamarche phosphate project and higher business development and regulatory costs tied to its Nasdaq uplisting. The company has no revenue and burned C$21.1 million in operating cash during the period. The loss was funded by C$17.7 million of equity financings at $2.00 per share plus C$3.4 million from warrant and option exercises, leaving C$19.9 million in cash and C$22.7 million of working capital.
Key figures
- Revenue
- 0
- Total Debt
- 747246
- Total Assets
- 30776289
- Cash Position
- 19949271
- Shares Outstanding
- 190419664
- Spend plan 12m
- 15938990
- Working capital
- 22668760
- Nrcan grant available
- 14272458
- Flow through share price
- 2
- Weighted avg shares basic
- 182949715
- Feasibility study budget 12m
- 5906890
- Cmif contributions commitment
- 4842937
- Equity financing gross proceeds
- 17698290
- Exploration spend begin lamarche 6m
- 12924219
AI analysis
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