First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) said on Monday its common shares have been added to the CSE 25 Index, following the Canadian Securities Exchange’s quarterly index rebalancing.
The CSE 25 Index tracks the 25 largest and most liquid companies listed on the Canadian Securities Exchange. Constituents are selected based on market capitalization and trading liquidity, and inclusion typically increases exposure among institutional and retail investors through index-linked products and mandates.
“Inclusion in the CSE25 reflects the growing recognition of First Phosphate’s strategic positioning within the North American critical minerals and energy transition ecosystem,” CEO John Passalacqua said in a statement.
First Phosphate is developing a high-purity igneous phosphate resource in the Saguenay–Lac-Saint-Jean region of Quebec, with the goal of supplying downstream phosphate-based materials used in lithium iron phosphate (LFP) batteries. The company’s strategy centres on a mine-to-market model aimed at onshoring critical battery materials, reducing supply-chain risk and supporting North American energy security.
“As LFP batteries are now the dominant chemistry for grid-scale energy storage, data centers and mobility applications, investors are increasingly focused on secure, domestic sources of high-purity phosphate and our differentiated, vertically integrated platform to serve that demand,” Passalacqua added.
First Phosphate recently produced commercial-grade LFP 18650 battery cells using North American critical minerals. The high-purity phosphoric acid and iron powder used in the cells were derived from rare igneous anorthosite rock extracted from the company’s Bégin-Lamarche property in Saguenay–Lac-Saint-Jean, Quebec.
First Phosphate’s shares trade on the Canadian Securities Exchange under the symbol PHOS, on the OTCQX under FRSPF, and on the Frankfurt Exchange under KD0.