Canadian Phosphate Limited
CP8.ASXMaterials
Market Data
$0.125
-0.1%$52.4M
-100000.0x
$-0.007
0.00%
+0.1%
Latest Earnings
Quarterly Report
29 July 2026
Canadian Phosphate (CP8) secured a 5-year exploration permit for its Wapiti Phosphate Project in British Columbia and commenced a 3,000m drilling program, with an updated JORC resource estimate expected in Q4 2026. The company also announced the acquisition of the advanced Diamond Mountain Phosphate Project in Utah (subject to completion in Q3 2026) and raised A$5.2 million through a renounceable rights issue, positioning it well-funded to advance North American phosphate exploration and development activities. Key points: Secured 5-year exploration permit for 100%-owned Wapiti Phosphate Project in British Columbia, enabling immediate commencement of 3,000m Phase 1 drilling program; Announced binding agreement to acquire advanced Diamond Mountain Phosphate Project in Utah with substantial NI 43-101 resource estimate (26.8Mt Measured & Indicated at 19.67% P₂O₅), adjacent to Simplot's 4Mtpa Vernal mine in tier-one jurisdiction; Successfully raised A$5.2 million through fully subscribed renounceable rights issue and follow-on placement, with strong support from Directors and investors
Recent Announcements
Quarterly Report
Canadian Phosphate (CP8) secured a 5-year exploration permit for its Wapiti Phosphate Project in British Columbia and commenced a 3,000m drilling program, with an updated JORC resource estimate expected in Q4 2026. The company also announced the acquisition of the advanced Diamond Mountain Phosphate Project in Utah (subject to completion in Q3 2026) and raised A$5.2 million through a renounceable rights issue, positioning it well-funded to advance North American phosphate exploration and development activities. Key points: Secured 5-year exploration permit for 100%-owned Wapiti Phosphate Project in British Columbia, enabling immediate commencement of 3,000m Phase 1 drilling program; Announced binding agreement to acquire advanced Diamond Mountain Phosphate Project in Utah with substantial NI 43-101 resource estimate (26.8Mt Measured & Indicated at 19.67% P₂O₅), adjacent to Simplot's 4Mtpa Vernal mine in tier-one jurisdiction; Successfully raised A$5.2 million through fully subscribed renounceable rights issue and follow-on placement, with strong support from Directors and investors
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