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Fox River Resources Produces Purified Phosphoric Acid from Martison Project, Boosting Canada’s Battery Materials Supply Chain
Globenewswire· 2025-11-12 12:30
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 Martison project features a high-grade igneous phosphate deposit, aimed at providing secure domestic supplies of both phosphate fertilizers and PPA for the LFP battery industry [6] - The project's Anomaly A deposit has a positive preliminary economic assessment effective as of April 21, 2022 [6] Market Implications - The successful production of PPA expands market opportunities for Fox River, particularly in supporting the growing LFP battery market [4] - The company intends to supply PPA to prospective LFP battery manufacturers for evaluation and testing [3] Technical Validation - The scientific and technical information disclosed has been reviewed and approved by a qualified chemical engineer, ensuring the credibility of the data [5]