First Phosphate Announces Appointment of Peter Nicholson as Director of First Phosphate
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) has appointed Peter J.F. Nicholson to its board of directors, effective September 1, 2024. Nicholson, founder and president of Wealth Creation Preservation & Donation Inc. (WCPD), replaces Marc Branson who resigned on the same day. Nicholson brings extensive experience in tax-assisted investments and philanthropic tax planning, particularly in the mining industry. He has helped generate over $350 million for client donations and served on numerous foundation boards. The company's chairman, Laurence W. Zeifman, expressed confidence that Nicholson's mining and fundraising experience will benefit First Phosphate as it develops its projects. As part of his appointment, Nicholson has been granted 150,000 RSUs, vesting in two tranches.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) ha nominato Peter J.F. Nicholson nel suo consiglio di amministrazione, con effetto dal 1 settembre 2024. Nicholson, fondatore e presidente di Wealth Creation Preservation & Donation Inc. (WCPD), sostituisce Marc Branson che ha rassegnato le dimissioni lo stesso giorno. Nicholson porta con sé una vasta esperienza in investimenti assistiti da agevolazioni fiscali e pianificazione fiscale filantropica, in particolare nel settore minerario. Ha contribuito a generare oltre 350 milioni di dollari in donazioni da parte dei clienti e ha servito in numerosi consigli di fondazioni. Il presidente dell'azienda, Laurence W. Zeifman, ha espresso fiducia nel fatto che l'esperienza di Nicholson nel settore minerario e nella raccolta fondi sarà di beneficio per First Phosphate mentre sviluppa i suoi progetti. Come parte della sua nomina, a Nicholson sono stati concessi 150.000 RSU, con vesting in due tranche.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) ha designado a Peter J.F. Nicholson en su junta directiva, con efecto el 1 de septiembre de 2024. Nicholson, fundador y presidente de Wealth Creation Preservation & Donation Inc. (WCPD), reemplaza a Marc Branson, quien renunció el mismo día. Nicholson aporta una amplia experiencia en inversiones con ayuda fiscal y planificación fiscal filantrópica, especialmente en la industria minera. Ha ayudado a generar más de 350 millones de dólares en donaciones de clientes y ha formado parte de numerosas juntas de fundaciones. El presidente de la empresa, Laurence W. Zeifman, expresó confianza en que la experiencia de Nicholson en minería y recaudación de fondos beneficiará a First Phosphate a medida que desarrolle sus proyectos. Como parte de su nombramiento, a Nicholson se le han otorgado 150,000 RSU, que se consolidarán en dos tramos.
퍼스트 포스페이트 코프(First Phosphate Corp.) (CSE: PHOS) (OTC: FRSPF)가 피터 제이.F. 니콜슨을 이사로 임명했습니다, 2024년 9월 1일부터 유효합니다. 니콜슨은 부유 창출 보전 및 기부 주식회사(Wealth Creation Preservation & Donation Inc. (WCPD))의 창립자이자 대표이며, 같은 날 사임한 마크 브랜슨을 대체합니다. 니콜슨은 세금 지원 투자 및 자선 세금 계획 분야에서 광범위한 경험을 가지고 있습니다, 특히 광산 산업에서 활동하고 있습니다. 그는 고객 기부를 위해 3억 5천만 달러 이상을 모금하는 데 기여했으며 수많은 재단 이사회에서 활동했습니다. 회사 의장인 로렌스 W. 제이프먼은 니콜슨의 광산 및 모금 경험이 퍼스트 포스페이트가 프로젝트를 발전시키는 데 도움이 될 것이라고 확신했습니다. 그의 임명의 일환으로 니콜슨에게는 두 개의 트랜치로 나누어 지급되는 150,000개의 RSU가 부여되었습니다.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) a nommé Peter J.F. Nicholson dans son conseil d'administration, à compter du 1er septembre 2024. Nicholson, fondateur et président de Wealth Creation Preservation & Donation Inc. (WCPD), remplace Marc Branson qui a démissionné le même jour. Nicholson apporte une vaste expérience en matière d'investissements fiscalement assistés et de planification fiscale philanthropique, notamment dans l'industrie minière. Il a contribué à générer plus de 350 millions de dollars pour les dons de clients et a siégé à de nombreux conseils de fondation. Le président de l'entreprise, Laurence W. Zeifman, a exprimé sa confiance dans le fait que l'expérience de Nicholson en matière minière et de collecte de fonds sera bénéfique pour First Phosphate alors que l'entreprise développe ses projets. Dans le cadre de sa nomination, Nicholson a reçu 150 000 RSU, qui seront acquises en deux tranches.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) hat Peter J.F. Nicholson in seinen Vorstand berufen, mit Wirkung zum 1. September 2024. Nicholson, Gründer und Präsident von Wealth Creation Preservation & Donation Inc. (WCPD), ersetzt Marc Branson, der am selben Tag zurücktrat. Nicholson bringt umfangreiche Erfahrung in steuerlich geförderten Investitionen und philanthropischer Steuerplanung, insbesondere in der Bergbauindustrie, mit. Er hat über 350 Millionen Dollar für Kundenspenden generiert und hat in zahlreichen Vorständen von Stiftungen gedient. Der Vorstandsvorsitzende des Unternehmens, Laurence W. Zeifman, äußerte sich zuversichtlich, dass Nicholsons Erfahrung im Bergbau und in der Spendensammlung First Phosphate zugutekommen wird, während das Unternehmen seine Projekte entwickelt. Im Rahmen seiner Ernennung wurden Nicholson 150.000 RSUs gewährt, die in zwei Tranchen zuteilwerden.
- Appointment of Peter Nicholson, an experienced professional in mining investments and fundraising, to the board of directors
- Nicholson's expertise in tax-assisted investments and philanthropic tax planning could potentially benefit the company's financial strategies
- The new director's extensive network and experience with foundations and institutions may open new opportunities for the company
- Resignation of ex-director Marc Branson, which could potentially disrupt continuity in the board
Saguenay, Quebec--(Newsfile Corp. - September 3, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") announces the appointment of Peter J.F. Nicholson to its board of directors effective September 1, 2024 to fill the vacancy created by the resignation of ex-director Marc Branson effective on the same day.
Mr. Nicholson is the Founder, President and controlling shareholder of Wealth Creation Preservation & Donation Inc. (WCPD), a recognized leader in Canadian tax-assisted investments, with a specialized focus on philanthropic tax planning and tax reduction in the mining industry.
Through his work with many donors, foundations, institutions, and boards, he has helped generate over
Over the years, Peter has served as a dedicated champion and board member for many foundations across Canada, such as Winnipeg's Canadian Museum of Human Rights, Children's Hospital of Eastern Ontario, Ottawa Regional Cancer Foundation and founder of the Exuma Foundation of Canada. He is also a member of the Canadian Association of Gift Planners (CAGP), Association of Fundraising Professionals of Canada (AFP), the Clinton Global Initiative, and a ten-year veteran of the investment club Tiger 21.
"It is my pleasure to welcome Peter to our team," says Company Chairman, Laurence W. Zeifman. "His mining and fundraising experience will serve the Company well as we progress further in the development of our projects."
"I am excited to join the First Phosphate team as we advance our vision of creating the lithium iron phosphate battery valley of North American in the Saguenay-Lac-St-Jean region of Quebec, Canada," added Mr. Nicholson. "Critical minerals and downstream processing at home represent mining practices of the future that First Phosphate is pioneering and represent the type of mining innovation that I wish to take forward."
The Company has also granted 150,000 RSUs of the Company ("RSUs") to Mr. Nicholson. The RSUs vest in 2 tranches (
About First Phosphate Corp.
First Phosphate (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate ("LFP") battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.
For additional information, please contact:
Bennett Kurtz, CFO
bennett@firstphosphate.com
Tel: +1 (416) 200-0657
Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com
Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate
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Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered "forward-looking statements" and "forward looking information" within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company's planned exploration and production activities, the properties and composition of any extracted phosphate, the Company's plans for vertical integration into North American supply chains.
These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company's long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company's property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company's projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company's exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company's mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company's share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.
These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company's other documents filed with the Canadian and United States securities authorities, including without limitation the "Risk Factors" section of the Company's Annual Information Form dated November 29, 2023 and Annual Report on 20-F which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221865
FAQ
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