Business
First Phosphate Announces American Depositary Receipt Program Under Ticker Symbol FPHOY
Saguenay, Quebec--(Newsfile Corp. - February 25, 2026) - First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce the launch of its sponsored Level 1 American Depositary Receipt ("ADR") program to increase exposure to American and international investors wishing direct access to Quebec igneous phosphate and the downstream lithium iron phosphate ("LFP") battery supply chain.The First Phosphate ADR is now available..
About this update from First Phosphate Corp.
[{"type":"text","content":"Saguenay, Quebec--(Newsfile Corp. - February 25, 2026) - First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce the launch of its sponsored Level 1 American Depositary Receipt ("ADR") program to increase exposure to American and international investors wishing direct access to Quebec igneous phosphate and the downstream lithium iron phosphate ("LFP") battery supply chain.","length":508,"tagName":"p"},{"type":"text","content":"The First Phosphate ADR is now available for trading in the United States on the OTCQX market under the symbol "FPHOY" (CUSIP: 33611D301; ISIN: US33611D3017).","length":168,"tagName":"p"},{"type":"text","content":"The First Phosphate ADR is the first Canadian Level 1 company-sponsored ADR to trade on OTC Markets. The ADR ratio is set to ten (10) First Phosphate common shares for each (1) First Phosphate ADR.","length":197,"tagName":"p"},{"type":"text","content":"Participants may issue ADRs at no cost during the first 6 months after the effectiveness date of the program (February 12, 2026) through The Bank of New York Mellon ("BNY") which has been appointed as depositary bank for the First Phosphate ADR program.","length":263,"tagName":"p"},{"type":"text","content":"The new First Phosphate ADR is complimentary to all other Company listings on all other stock exchanges and does not affect the Company's current OTCQX listed common shares under symbol "FRSPF".","length":208,"tagName":"p"},{"type":"text","content":"BNY facilitates the issuance and cancellation of First Phosphate ADRs in accordance with instructions received from market participants. The First Phosphate ADR program operates in accordance with a deposit agreement, filed with the United States Securities and Exchange Commission ("SEC") and available through https://www.sec.gov/Archives/edgar/data/2108542/000101915526000028/0001019155-26-000028-index.htm. The First Phosphate common shares underlying the First Phosphate ADRs are held in custody by BNY.","length":518,"tagName":"p"},{"type":"text","content":"The establishment of the First Phosphate ADR program is not a new offering of securities and, therefore, no additional shares are being issued nor is any capital being rais...