Fox River Resources Produces Purified Phosphoric Acid from Martison Project, Boosting Canada's Battery Materials Supply Chain

Core Insights - Fox River Resources Corporation has successfully produced purified phosphoric acid (PPA), essential for the lithium-iron-phosphate (LFP) battery supply chain [1][2] - The company has completed testwork to identify necessary operations for upgrading merchant grade acid to PPA, paving the way for a dedicated production facility [2] - The PPA facility is planned to be integrated within a phosphate fertilizer complex, which will optimize byproduct recovery [2][4] Company Overview - Fox River Resources holds a 100% interest in the Martison Phosphate Project located near Hearst, Ontario, which is designed as a vertically integrated operation [6] - The project is based on a high-grade igneous phosphate deposit, aimed at providing secure domestic supplies of phosphate fertilizers and PPA for the LFP battery industry [6] - The Anomaly A deposit has a positive preliminary economic assessment effective as of April 21, 2022 [6] Market Strategy - The company intends to supply its PPA to prospective LFP battery manufacturers for initial evaluation and testing [3] - CEO Stephen Case highlighted the successful PPA production as a demonstration of Martison's versatility and an expansion of market opportunities [4]