First Phosphate Announces Director Resignation
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) has announced the resignation of director Marc Branson, effective September 1, 2024. Mr. Branson is leaving the Board of Directors to focus on his personal business commitments. The company's Chairman, Laurence W. Zeifman, expressed gratitude for Mr. Branson's dedication and service, acknowledging his foundational role in the company's early-stage development. Mr. Branson, in turn, wished First Phosphate well and expressed confidence in the company's potential to impact the LFP battery industry in North America. He stated his intention to remain a friend to the company as he pursues new endeavors.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ha annunciato le dimissioni del direttore Marc Branson, con effetto dal 1 settembre 2024. Il signor Branson lascia il Consiglio di Amministrazione per concentrarsi sui suoi impegni professionali personali. Il presidente dell'azienda, Laurence W. Zeifman, ha espresso gratitudine per la dedizione e il servizio del signor Branson, riconoscendo il suo ruolo fondamentale nello sviluppo iniziale dell'azienda. Il signor Branson, a sua volta, ha augurato il meglio a First Phosphate ed ha espresso fiducia nel potenziale dell'azienda di influenzare l'industria delle batterie LFP in Nord America. Ha dichiarato la sua intenzione di rimanere amico dell'azienda mentre persegue nuove iniziative.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ha anunciado la renuncia del director Marc Branson, con efecto a partir del 1 de septiembre de 2024. El Sr. Branson deja la Junta Directiva para centrarse en sus compromisos empresariales personales. El presidente de la compañía, Laurence W. Zeifman, expresó su agradecimiento por la dedicación y el servicio del Sr. Branson, reconociendo su papel fundamental en el desarrollo inicial de la empresa. El Sr. Branson, a su vez, deseó lo mejor a First Phosphate y expresó confianza en el potencial de la compañía para impactar en la industria de baterías LFP en América del Norte. Manifestó su intención de seguir siendo amigo de la empresa mientras persigue nuevas iniciativas.
퍼스트 포스페이트 코퍼레이션(First Phosphate Corp.) (CSE: PHOS) (OTC: FRSPF) (FSE: KD0)가 이사 마크 브랜슨의 사임을 발표했습니다. 사임은 2024년 9월 1일부터 효력이 발생합니다. 브랜슨 씨는 개인 비즈니스 약속에 집중하기 위해 이사회에서 떠납니다. 회사의 회장인 로렌스 W. 자이프만은 브랜슨 씨의 헌신과 서비스에 감사를 표하며 그가 회사의 초기 개발에서 기초적인 역할을 했음을 인정했습니다. 브랜슨 씨는 퍼스트 포스페이트에 행운을 빌며 북미의 LFP 배터리 산업에 영향을 미칠 회사의 가능성에 대한 신뢰를 표현했습니다. 그는 새로운 사업을 추구하면서도 회사와의 우정을 유지하겠다는 의사를 전했습니다.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) a annoncé la démission du directeur Marc Branson, effective à partir du 1er septembre 2024. M. Branson quitte le conseil d'administration pour se concentrer sur ses engagements professionnels personnels. Le président de l'entreprise, Laurence W. Zeifman, a exprimé sa gratitude pour le dévouement et le service de M. Branson, reconnaissant son rôle fondamental dans le développement précoce de l'entreprise. M. Branson, de son côté, a souhaité le meilleur à First Phosphate et a exprimé sa confiance dans le potentiel de l'entreprise à influencer l'industrie des batteries LFP en Amérique du Nord. Il a déclaré son intention de rester ami avec l'entreprise tout en poursuivant de nouvelles initiatives.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) hat den Rücktritt des Direktors Marc Branson bekannt gegeben, der am 1. September 2024 wirksam wird. Herr Branson verlässt den Vorstand, um sich auf seine persönlichen geschäftlichen Verpflichtungen zu konzentrieren. Der Vorsitzende des Unternehmens, Laurence W. Zeifman, drückte seine Dankbarkeit für das Engagement und den Dienst von Herrn Branson aus und erkannte seine grundlegende Rolle in der frühen Entwicklung des Unternehmens an. Herr Branson wünschte daraufhin First Phosphate alles Gute und äußerte Vertrauen in das Potenzial des Unternehmens, Einfluss auf die LFP-Batterieindustrie in Nordamerika zu nehmen. Er erklärte seine Absicht, dem Unternehmen als Freund verbunden zu bleiben, während er neuen Unternehmungen nachgeht.
- Director's departure allows focus on core business operations
- Amicable separation maintains positive relationship with departing director
- Loss of experienced board member may impact strategic decision-making
- Potential disruption in board dynamics and continuity
Saguenay, Quebec--(Newsfile Corp. - September 1, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") announces the resignation of Company director Marc Branson effective September 1, 2024. Mr. Branson leaves First Phosphate's Board of Directors to focus on his own business commitments.
"First Phosphate wishes to thank Mr. Branson for his dedication and service in his role as director," says Company Chairman, Laurence W. Zeifman. "Marc's work has been foundational in the early-stage development of the Company and we wish Marc all the best in his future endeavours."
"I wish First Phosphate well in its future development and look forward to remaining a friend to the Company as I embark on new endeavours," added Mr. Branson. "I see great promise in First Phosphate's ability to affect the development of the LFP battery industry in North America."
About First Phosphate Corp.
First Phosphate 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/221845
FAQ
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