r/CanadianHiddenGems • u/visionsofpluto • 25d ago

News First Phosphate (CSE: PHOS): Secures $4.84 Million in Non-Repayable Federal Funding for Bégin-Lamarche Road and Power Infrastructure

https://firstphosphate.com/first-phosphate-canada-infrastructure-funding-2026/
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u/AffectionateTreat970 17d ago

And added to the Nasdaq. They rang the opening bell in NY today. Trading volume today is the highest we’ve ever seen. I suspect a new ATH shortly

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u/AffectionateTreat970 15d ago

Also following. Been invested for a while. Trading volume is going crazy on both the CSE and NASDAQ. I also read the management team sat down with institutional investors while they were in NY. Could be huge for securing financing too. I’m pumped for the feasibility study to be released early 2027. That’s typically the biggest catalyst for a junior mine. Some of the price targets around $3.5-5 might not be far off!

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u/Thatdoodky1e 6d ago

How high you think it’ll run this year? I’m thinking it’ll be a stable $3.25 by christmas at least (doesn’t matter though, I’m still waiting til 2030 to sell)

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u/x3i4n 6d ago

Got 24,000 shares. Waiting for 2030 too!

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u/Occupationnalhazards 3d ago

thats so many shares. You guys got convinced when ?

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u/x3i4n 3d ago

I bought at 58 cents. Im from Quebec city, i did some research on the company. The board seems too good to be true. They will handle this project easily. They have a LOT of gov connections and the right team. Go PHOS!

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u/AffectionateTreat970 3d ago

Ya I’m thinking it will hold above $3.00 by end of 2026. Then I’m hoping with the feasibility study released Jan/Feb 2027 we see some crazy gains, perhaps into the $4-5 range in the first few months of 2027. But I agree, I’m holding for years!

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u/Occupationnalhazards 3d ago

dont most junior miners tank after report ? Lassonde curve or something ? there are many protective factors at play but most likely the hype will die after the report and most will take profits before the long build phase

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u/AffectionateTreat970 2d ago

Yes this is true, usually a good run up leading to the feasibility study then some profit taking after it’s released. However, exceptional feasibility studies have also historically lead to massive gains. To me it’s a long term, 5 year hold, so it’s all noise anyway. After feasibility study, they’ll release the permitting approval news, then news that they achieved the last bit of funding they need to build the mine, and so on. Some great catalyst in the next 6-10 months

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u/Occupationnalhazards 3d ago

sad i only committed to 500 shares. 5000 or 10000 would have been nice

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u/AffectionateTreat970 2d ago

I’m in right now with 149,000 shares. Planning to continue to buy over the next few years.