First Phosphate Corp. (CSE:PHOS) has announced that its common shares have commenced trading on the Frankfurt Stock Exchange (FSE) under the 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," said First Phosphate president, Peter Kent in a statement. "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."
READ: First Phosphate signs MOU with purified phosphoric acid production and technology leader Prayon
"First Phosphate is pursuing a meaningful transatlantic dialogue with our battery industry counterparts in Europe," added the company’s CEO, John Passalacqua. "Historic ties between our continents are unbreakable and will play out favourably in the establishment of a global clean energy future."
First Phosphate said its 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, 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 its development with its European partners. First Phosphate is pursuing a deeply organic relationship with a strong European investor base.
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (LFP) battery industry.
The company is committed to producing at high purity level, at full ESG standard and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery-grade LFP cathode active material emanating from a consistent and secure supply source.
First Phosphate holds over 1,500 square kilometres of total land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high-purity phosphate material devoid of high concentrations of harmful elements.
Contact the author at jon.hopkins@proactiveinvestors.com