FULL DISCLOSURE: This is sponsored content for First Phosphate.
The management team at First Phosphate (CSE: PHOS) is in the process of being reworked as the company continues to build out its divisions for long-term growth. Garry Siskos has been appointed as the firms chief operating officer and chief financial officer of the company in line with this process.
“Mr. Siskos’ years of organizational experience are crucial to a company like ours as we begin to structure out our divisions and to model for sustainable long-term growth. I have had the pleasure of working with Garry on numerous projects for the past 30 years, and there is no one who gives me more confidence to have by my side in the development of this epic North American project,” commented CEO John Passalacqua.
READ: First Phosphate Sees Executive Team Acquire 2.7 Million Shares From Major Shareholder
Siskos is said to specialize in strategy, capital raising, structured finance and M&A, drawing on over 25 years of experience as a CFO and COO in both entrepreneurial and multinational operations. Siskos is said have experience in mining, automotive, and the tech sectors, having worked for two of Canada’s top 100 growth companies previously.
Outgoing CFO Bennett Kurtz will be remaining with the company, and transitioning to the role of chief administrative officer. Gilles Laverdiere meanwhile has been appointed to the role of chief geologist for First Phosphate.
READ: First Phosphate Hits 64.2 Metres Of 8.4% P2O5 At Begin-Lamarche
Separately, the company indicated that is has completed a drill program at the Begin-Lamarche property, the firms premier blue-sky development property. A total of 4,274 metres of drilling in aggregate was completed at the property, with results slated to be released in the coming weeks. A preliminary economic assessment, or PEA, meanwhile is ongoing at the flagship Lac a l’Orignal property, with results slated to be released by Q4 of this year.
First Phosphate last traded at $0.47 on the CSE.
FULL DISCLOSURE: First Phosphate is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Phosphate. The author has been compensated to cover First Phosphate on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
