First Phosphate Announces Dual Listing on the Frankfurt Stock Exchange
Saguenay, Quebec–(Newsfile Corp. – February 28, 2023) – First Phosphate Corp. (CSE: PHOS) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce that its common shares have commenced trading on the Frankfurt Stock Exchange (“FSE”) under ticker symbol “KD0”. The Company’s common shares are now cross listed on the Canadian Securities Exchange (“CSE”) and the FSE.
“North America and Europe represent two of the largest and most advanced electric vehicle markets in the world,” explains First Phosphate President, Peter Kent. “Our management has worked diligently to ensure that our FSE listing would coincide as closely as possible with our recent CSE listing. We wish to extend an invite to European battery metals investors to join our shareholder family.”
“First Phosphate is pursuing a meaningful transatlantic dialogue with our battery industry counterparts in Europe,” states Company CEO, John Passalacqua. “Historic ties between our continents are unbreakable and will play out favourably in the establishment of a global clean energy future.”
The Company’s listing on the FSE is of increased importance given the Company’s recent announcement, on February 24, 2023, of a memorandum of understanding (MOU) with Prayon SA (“Prayon”), headquartered in Engis, Belgium, and Europe’s largest producer of purified phosphoric acid and the global leader in purified phosphoric acid production technology. First Phosphate and Prayon are building a strategic transatlantic relationship to enable Europe and North America to gain green energy and critical mineral independence.
First Phosphate’s listing on the FSE will allow European investors to follow Company developments firsthand and to partake more deeply in the Company’s development with its European partners. First Phosphate is pursuing a deeply organic relationship with a strong European investor base.
