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Corporate Presentation October 2026 Igneous Phosphate for the Lithium Iron Phosphate (LFP) Battery Industry NASDAQ: PHOS | CSE:PHOS | OTCQX:FRSPF | FSE:KD0 1
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GENERAL This presentation is not intended as, and does not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed on the merits of this presentation and no representation or warranty is made by the Company to that effect. The information in this presentation is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to the Company and should not be used for the purpose of making investment decisions concerning securities of the Company. The Company’s disclosure documents are available on SEDAR+ at www.sedarplus.ca. MARKET AND INDUSTRY DATA This presentation includes market and industry data and forecasts that were obtained from third-party sources, industry publications and publicly available information. Third-party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of included information. Although we believe it to be reliable, we have not independently verified any of the data from third-party sources referred to in this presentation, or analyzed or verified the underlying studies or surveys relied upon or referred to by such sources, or ascertained the underlying economic assumptions relied upon by such sources. The Company does not make any representation as to the accuracy of such information. FORWARD-LOOKING STATEMENTS AND FUTURE-ORIENTED FINANCIAL INFORMATION Certain statements in this presentation are “forward-looking statements”. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always using words or phrases such as “expect”, “seek”, “endeavour”, “anticipate”, “plan”, “estimate”, “believe”, “intend”, or stating that certain actions, events or results may, could, would, might or will occur or be taken, or achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking information in this presentation, which includes, but is not limited to, information relating to: (i) information relating to the Company’s business strategies, plans and objectives, (ii) expectations relating to future mining and project development and characteristics including determination and preparation of feasibility studies, (iii), the Company’s technological and mining capabilities, (iv) the results of the mineral resource estimate and preliminary economic assessment on the Begin-Lamarche project (the “Project”), such as future estimates of internal rates of return, net present value, future production, proposed mining plans and methods, mine life estimates, cash flow forecasts, mineral recoveries, estimates of capital and operating costs, timing for permitting and environmental assessments, timing, completion and results of feasibility studies, and the size and timing of phased development of the Project. In addition, certain information in this presentation, including the net present value (NPV) and internal rate of return (IRR) of the Bégin-Lamarche property, constitute forward-oriented financial information (“FOFI”) within the meaning of applicable Canadian securities legislation. This FOFI is based on the assumptions set out in the “Preliminary Economic Assessment of the Bégin-Lamarche Phosphate Property, Saguenay-Lac Saint-Jean Region, Northern Québec” authored by Andrew Bradfield, P.Eng., Eugene Puritch, P.Eng., FEC, CET, Antoine Yassa, P.Geo., D. Grant Feasby, P.Eng., John Henning, Ph.D, P.Eng., and BBA Inc., Hugo Latulippe, P.Eng., BBA Inc. with an effective date of December 4, 2024 (the “Bégin-Lamarche PEA”). These forward-looking statements are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. With respect to this specific forward looking information, risks and uncertainties may include, but are not limited to, risks and uncertainties related to the Company’s limited operating history; the Company’s size and resources; negative cash flow and dependence on additional financing; mineral exploration and development; mineral resources and reserve estimates; capital requirements for development; title; Indigenous title and land claims; infrastructure; mining and processing operations; third party suppliers; the availability of supplies and equipment; dependence on outside parties; permits, licenses, approvals and regulatory compliance; reputation; land reclamation; health and safety; insurance coverage; changes in battery technology; commodity prices; intellectual property; geopolitical uncertainty; global financial conditions; uncertain trade policies; key personnel and personnel recruitment, and other factors not currently viewed as material that could cause actual results to differ materially from those described in the forward-looking statements. If any of these risks or uncertainties materialize, or if the opinions, estimates, or assumptions underlying the forward-looking statements prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. When relying on forward-looking statements to make decisions with respect to the Company, carefully consider these risk factors and other uncertainties and potential events. Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those factors are described in the Bégin-Lamarche PEA and the Company’s other filings with Canadian and United States securities authorities, all of which are available on SEDAR+ at www.sedarplus.ca. There may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. These risks, uncertainties and assumptions could adversely affect the outcome of the plans and events described herein. In addition, even if the outcome of the plans and events described herein are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. Forward-looking statements contained in this presentation are based on the beliefs and expectations of the Company’s management, which the Company believes are reasonable as of the current date, and are subject to significant business, social, economic, political, regulatory, competitive and other risks, uncertainties, contingencies and other factors. Many assumptions are based on factors and events that are not within the control of the Company and actual future results may differ materially from current expectations. You should not place undue reliance on these forward-looking statements. Except as required by applicable law, the Company assumes no obligation to update or revise any forward-looking statements in this presentation to reflect new events or circumstances. QUALIFIED PERSON The scientific and technical disclosure for First Phosphate Corp. included in this presentation have been reviewed and approved by Steeve Lavoie, P.Geo. Mr. Lavoie is a Geologist and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects. Legal Disclaimer 2confidentialNASDAQ: PHOS | CSE: PHOS | OTCQX: FRSPF | FSE: KD0 2