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Canadian Phosphate Raises $5.2 Million to Advance North American Phosphate Projects

8:23am on Wednesday 24th of June, 2026 AEST Mining
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Canadian Phosphate Raises $5.2 Million to Advance North American Phosphate Projects

8:23am on Wednesday 24th of June, 2026 AEST
Key Points
  • Rights issue raised $4.85 million with strong shareholder demand
  • Follow-on placement added $350,000 to total funds raised
  • Over 37 million new shares and nearly 19 million options to be issued
  • Funds earmarked for drilling at Wapiti and mining at Barnes in Canada
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