Emerging Growth Research Releases Flash Report on First Phosphate; Maintains Buy Rating and C$4.94 Price Target

NEW YORK CITY, NY / ACCESS Newswire / May 5, 2026 / Emerging Growth Research today released a new Flash Report on First Phosphate Corp. (CSE:PHOS)(OTCQX:FRSPF), maintaining its Buy rating and 12-month price target of C$4.94, representing approximately 277% upside from the recent share price of C$1.31 on May 4, 2026. The Flash Report highlights the Company's successful completion of its final warrant exercises, resulting in gross proceeds of approximately C$3.07 million and the elimination of all publicly held dilutive overhang.