Tuesday, April 28, 2026
Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Strong mineral continuity and expansion potential. First Phosphate Corp. reported strong results from its 2025/2026 infill drill program at the Begin–Lamarche property, confirming continuous phosphate mineralization across all zones and identifying two new intersections. The results will support an updated geological model expected next month and underscore the potential for resource expansion.
Geological consistency across zones. Drilling confirmed consistent geology across the Mountain, Northern, and Southern zones. High-grade apatite mineralization and similar structural features across zones reinforce confidence in a cohesive and predictable deposit.
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