# First Phosphate Nasdaq transition and project development > Live situation record from CLSTR: https://clstr.news/situations/first-phosphate-nasdaq-transition-and-project-development > Updated: 2026-08-22T04:21:20.000Z. Sources: 2. Developments: 2. First Phosphate Corp. has transitioned its American Depositary Receipts from the OTCQX market to the Nasdaq Global Market. This move, which saw shares reach a yearly high, is intended to increase visibility and liquidity as the company seeks to develop a North American supply chain for lithium iron phosphate (LFP) batteries. Following the listing, the company transitioned from a ‘Venture Issuer’ to a senior issuer, a regulatory shift that imposes more stringent financial reporting and disclosure requirements. On the operational front, the company is advancing its Bégin-Lamarche project, reporting a 378 percent increase in mineral resources compared to 2024 estimates. The project has received support through the Quebec government’s ‘Filon’ program and has secured non-repayable federal funding in Canada to support infrastructure, including road connections and power line studies. Management aims to complete a feasibility study by late 2026 or early 2027. ## Timeline ### 2026-08-22: First Phosphate transitions to senior issuer status on Nasdaq First Phosphate Corp. has transitioned to a senior issuer on the Nasdaq, facing stricter reporting rules while advancing its Bégin-Lamarche project, which saw a 378 percent increase in estimated mineral ресурсы 2 sources. https://clstr.news/cluster/first-phosphate-transitions-to-senior-issuer-status-on-nasdaq ### 2026-08-17: First Phosphate shares hit yearly high after Nasdaq transition First Phosphate shares rose 13% to a yearly high following its transition to the Nasdaq Global Market, supported by increased liquidity and federal infrastructure funding in Canada. 2 sources. https://clstr.news/cluster/first-phosphate-shares-hit-yearly-high-after-nasdaq-transition --- Cite as: First Phosphate Nasdaq transition and project development. CLSTR, https://clstr.news/situations/first-phosphate-nasdaq-transition-and-project-development