- Shares of First Phosphate (PHOS) are now trading on the Frankfurt Stock Exchange under the ticker symbol KD0
- The listing is of strategic importance given the company’s memorandum of understanding (MOU) with Prayon SA concerning a long-term offtake agreement
- Europe also represents a key market for electric vehicles
- First Phosphate is a mineral development company focused on extracting and purifying low-emission phosphate for the lithium iron phosphate battery industry
- First Phosphate (PHOS) opened with a loss of 9.8 per cent, trading at $0.92 per share
Shares of First Phosphate (PHOS) are now trading on the Frankfurt Stock Exchange under the ticker symbol KD0.
The listing is of strategic importance given the company’s MOU with Prayon SA concerning a long-term offtake agreement. Prayon is headquartered in Engis, Belgium, and is Europe’s largest producer of purified phosphoric acid.
“North America and Europe represent two of the largest and most advanced electric vehicle markets in the world,” stated Peter Kent, First Phosphate’s President. “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.”
“First Phosphate is pursuing a meaningful transatlantic dialogue with our battery industry counterparts in Europe,” added 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 is a mineral development company focused on extracting and purifying low-emission phosphate for the lithium iron phosphate battery industry.
First Phosphate (PHOS) opened with a loss of 9.8 per cent, trading at $0.92 per share.
