First Phosphate Files Simplified Base Shelf Prospectus

First Phosphate Corp. announced the filing of its final simplified base shelf prospectus. This document was receipted and filed in English and French, in accordance with Canadian laws.

The company, well capitalized for at least 12 months, has no immediate plans to raise funds. First Phosphate has completed a drilling program of nearly 26,000 meters on its Bégin-Lamarche property in Quebec. It is currently evaluating mineral resources and will conduct a preliminary economic assessment.

The prospectus will allow the company to raise up to CA$20 million in shares, bonds or other securities over a period of 25 months. The specific terms of any future offering will be set forth in prospectus supplements.