First Phosphate Files NI 43-101 Technical Report for Updated Mineral Resource Estimate for Bégin-Lamarche Igneous Phosphate Deposit

First Phosphate Corp. reported a 378% increase in Indicated Mineral Resources for its Bégin-Lamarche phosphate project in Quebec, according to an updated report. The company also announced its ADRs will be uplisted to the Nasdaq Global Market under the symbol PHOS. The project is positioned to support the EV battery market, with high-purity apatite concentrate suitable for LFP batteries.

Braskem, a Brazilian petrochemical company, filed for extrajudicial recovery on August 24, 2026, targeting US$10.9 billion in financial debt. The process aims to restructure debt outside of court, with creditor support reported at around a third. The plan does not include asset sales or supplier/customer obligations. Braskem's market cap is R$4.04 billion, with revenue of R$70.60 billion in the trailing twelve months.

Alibaba priced an $10.2B share placement at an 8.4% discount to fund AI spending, leading to a 10.5% stock drop. The offering, the largest in Hong Kong this year, attracted $28B in orders. Alibaba's Q2 net profit fell 75% due to higher AI-related spending, but AI Cloud revenue rose 45%. CEO and Chairman bought shares post-placement.

Azenta (AZTA) stock fell 9.1% after CEO John Marotta resigned, with Dr. Martin Madaus appointed interim CEO. The company reaffirmed Q4 2026 revenue guidance but noted a $3M one-time EBITDA reduction. Azenta's stock has been volatile, with a 24.6% drop in July 2025 due to mixed Q4 results. The stock is down 17.4% from its 52-week high.

Strategy (MSTR) shares rose 4.9% after raising $2.01B via equity sales, creating a $1.59B liquidity pool. The move follows a Bitcoin price surge past $78,000, boosting MSTR's unrealized gains on its Bitcoin holdings to over $1.4B. The company's total dollar liquidity now stands at $6.69B.

Agnico Eagle Mines (AEM) is investing $57.2M in Radisson Mining (RDS) to revive the O’Brien gold mine in Quebec. Agnico will acquire a 10.5% stake at a 6% premium. Radisson’s shares surged 21%. The project has a preliminary economic assessment valuing it at $871M after-tax NPV.