First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0) has launched a sponsored Level 1 ADR trading on OTCQX under “FPHOY,” with 10 common shares per ADR, to boost US investor access to its Quebec phosphate and LFP battery strategy. The program, administered by The Bank of New York Mellon, does not raise new capital.
The company also received a US$523,017 offtake payment, announced option exercises, RSU issuances, and insider share purchases, with management taking around 50% of pay in RSUs.