Serve Robotics Inc.

Saguenay, Québec--(Newsfile Corp. - September 16, 2026) - First Phosphate Corp. (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that it has received a Letter of Support from Swiss Export Risk Insurance ("SERV") for approximately USD 212.5 Million for the purchase of Swiss machinery and equipment for its igneous phosphate mine project, as well as goods and services for the construction of its processing facility in Saguenay-Lac-St-Jean, Quebec, Canada. SERV is prepared to consider insurance/guarantees in support of a buyer credit financing based on an assumed eligible Swiss export contract value of USD 250 million where SERV would consider supporting a financed amount of approximately USD 212.5 million, corresponding to 85% of such contract value.

Serve Robotics Inc. SERV is working to address a key obstacle to wider robotic delivery adoption by reducing the difficulty of integrating autonomous robots with restaurant systems. Many restaurants still rely on existing internet connections and point-of-sale systems, creating barriers that can limit the number of orders available for robotic delivery.

SERV targets $9-$10M in 2026 revenues, as DoorDash growth, advertising and hospital contracts test diversification beyond weaker Uber deliveries.

SERV faces near-term pressure from weaker revenues and Uber uncertainty, but hospital wins, autonomy gains and new use cases offer growth avenues.