First Phosphate任命Jérôme Cliche為業務發展副總裁

Cliche先生在企業融資、戰略投資和企業發展領域經驗豐富，是Renmark Financial Communication的聯合創始人，這是一家總部位於蒙特利爾的公司，為在北美所有主要證券交易所交易的小型、中型和大型上市公司提供一系列綜合服務。

First Phosphate首席執行官John Passalacqua表示，“在我們建立業務發展部門的過程中，Jérôme多年的業務經驗對本公司至關重要。Cliche本人表示，“我很榮幸能夠加入First Phosphate這個優秀的電氣化項目的團隊，並期待對公司的業務發展產生重大影響。”

本公司已向Cliche先生發行了338,462股限制性股份(“RSUs”)。剩餘的限制性股份以每股$0.39的認定價格發行。此類限制性股份將分四批授予(25%立即授予，接下來三批25%的股份分別在發行3個月、6個月和9個月後授予，法定持有期限為4個月零1天)。本公司還在未來12個月內向Cliche先生發行了150,000份股票期權，行權價格為每股普通股$0.70。

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company’s commitment to producing high purity phosphate materials under a low carbon footprint; the Company’s plans to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s proposed development of its land claims in the Saguenay Region; the stated plans and goals involving Mr. Cliché; and the issuance of the options and RSUs to Mr. Cliché.

Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company’s ability to producing high purity phosphate materials under a low carbon footprint; the Company’s ability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s ability to develop its land claims in the Saguenay Region; the Company having the ability to realize upon the stated plans and goals involving Mr. Cliché; and the realization of issuances of the options and RSUs to Mr. Cliché.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to produce high purity phosphate materials under a low carbon footprint; the Company’s inability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s inability to develop its land claims in the Saguenay Region; the Company having the ability to realize upon the stated plans and goals involving Mr. Cliché; and circumstances resulting in Company’s inability to issue options and RSUs to Mr. Cliché.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.