First Phosphate Corp. (CSE:PHOS, NASDAQ:PHOS, FRA:KD0, OTCQX:FRSPF) said shareholders re-elected all five board nominees and approved an advance notice policy at its Annual General and Special Meeting, as the company's registered shareholder base grew 861% over the past year.
The company reported voter turnout of more than 34% at the meeting, held August 28, 2026, with all board nominees receiving support above 95%.
First Phosphate said its shareholder count reached 12,501 as of the record date for the 2026 meeting, up from 1,301 a year earlier, an increase of 861%. The figures, drawn from the company's transfer agent registrar and beneficial shareholder data from Broadridge, do not include any growth since the company's recent Nasdaq listing.
The company said the growth in its shareholder base reflects a positive sign of maturation in its corporate development, which it attributed to successful financings, management's commitment to results, and a broader understanding and appreciation of the company's vision, initiatives and opportunities among both retail and institutional investors.
Shareholders also approved fixing the board at five directors, the appointment of Davidson & Company LLP as auditor, and the re-approval of the company's omnibus equity incentive plan, each drawing support above 96%.
The advance notice policy, approved with 97.14% support, sets requirements for shareholder nominations to the board, giving directors and management greater oversight in the event of a hostile board challenge as the company's shareholder base broadens.