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First Phosphate Applauds Government of Canada Investment to Build Second Wharf at Port Saguenay
Newsfile· 2025-11-13 12:07
Core Viewpoint - First Phosphate Corp. welcomes the Canadian government's investment of $57.6 million to construct a second wharf at Port Saguenay, which will enhance the transportation of its phosphate products and support regional economic growth [1][5]. Group 1: Government Investment - The Canadian government, represented by Minister Joël Lightbound, announced a $57.6 million investment for the construction of a second wharf at Port Saguenay [1]. - This investment is expected to facilitate the commercialization of natural resources in the Saguenay-Lac-St-Jean region, particularly benefiting First Phosphate's operations [5]. Group 2: Strategic Location and Infrastructure - The second wharf will be located adjacent to First Phosphate's planned phosphoric acid plant, improving logistics for transporting phosphate concentrate, phosphoric acid, and lithium iron phosphate (LFP) products to various markets [2]. - The company has secured an industrial land option agreement with Port Saguenay, which includes direct rail and vessel access to North American and global markets, as well as access to large-scale industrial infrastructure [8][10]. Group 3: Production and Market Potential - First Phosphate has produced commercial-grade LFP 18650 battery cells using North American critical minerals, with high-purity phosphoric acid sourced from its Bégin-Lamarche property [12]. - The critical minerals and intermediary products for LFP battery cells will be transported to European and North American offtakers via the new wharf [13]. Group 4: Company Overview - First Phosphate is focused on developing a vertically integrated mine-to-market LFP battery supply chain in North America, targeting markets such as energy storage and national security [15]. - The Bégin-Lamarche Property is noted for being one of North America's rare igneous phosphate resources, yielding high-purity phosphate with minimal impurities [15].
First Phosphate Welcomes the Addition of Phosphate to the Critical Minerals List of the United States
Newsfile· 2025-11-10 12:11
Core Viewpoint - First Phosphate Corp. welcomes the inclusion of phosphate in the U.S. Final 2025 List of Critical Minerals, highlighting its significance for defense and energy sectors, particularly in relation to lithium iron phosphate (LFP) batteries [1][3][4]. Group 1: Company Overview - First Phosphate is a mineral development and cleantech company focused on establishing a vertically integrated mine-to-market supply chain for LFP batteries in North America [9]. - The company's flagship Bégin-Lamarche Property in Quebec is noted for being one of North America's rare igneous phosphate resources, producing high-purity phosphate suitable for LFP battery cathode materials [5][9]. Group 2: Industry Implications - The U.S. joins Canada, South Korea, the European Union, and specific Canadian provinces in recognizing phosphate as a critical mineral, indicating a growing global emphasis on phosphate's importance [2]. - The decision to classify phosphate as a critical mineral was influenced by recommendations from various U.S. departments, underscoring its strategic value [3]. Group 3: Recent Developments - First Phosphate has successfully produced commercial-grade LFP 18650 battery cells using North American critical minerals, demonstrating the practical application of its phosphate resources [6]. - The company received a "Met" rating from the Defense Industrial Base Consortium for its white paper on securing North American phosphate supply for LFP cathode materials, reinforcing its commitment to national security and energy storage solutions [4][5].
First Phosphate Announces Listing of its Shares on Tradegate Exchange in Germany Bolstering European and International Market Liquidity
Newsfile· 2025-11-03 12:17
Core Points - First Phosphate Corp. has announced the listing of its shares on the Tradegate Exchange in Germany, enhancing liquidity for European and international investors [1][2] - The listing allows European investors to trade shares during EU market hours and extended trading hours, improving convenience and exposure [2] - Tradegate's focus on international issuers aligns with First Phosphate's goal of establishing a lithium iron phosphate (LFP) battery supply chain in North America and Europe [3] Company Overview - First Phosphate is a mineral development and cleantech company focused on creating a vertically integrated mine-to-market LFP battery supply chain for North America [9] - The company has produced commercial-grade LFP 18650 battery cells using North American critical minerals, sourced from its Bégin-Lamarche property in Quebec [3][4] - The Bégin-Lamarche property is noted for its high-purity phosphate resources, which are essential for LFP battery production [9]
First Phosphate Accelerates 30,000 Metre Drilling Program to Provide Final Geological Model for its Begin-Lamarche Igneous Phosphate Property
Newsfile· 2025-10-21 11:10
Core Viewpoint - First Phosphate Corp. is initiating a 30,000-metre accelerated drilling program at its Bégin-Lamarche property to finalize the geological model and enhance the understanding of the phosphate deposit [1][2]. Drilling Program Details - The drilling program aims to confirm the final geological model and build on the initial resource estimate effective September 9, 2024 [2]. - The program will cover a 2.5 km long phosphate mineralization zone at 50 m x 50 m intervals, starting with two drill rigs and increasing to four by mid-November, with completion expected by April 2026 [3]. - The drilling operations are fully funded by recent financings, and all necessary authorizations are in place [3]. Location and Infrastructure - The Bégin-Lamarche property is strategically located near existing infrastructure, approximately 70 km from the deep-sea Port of Saguenay, facilitating future phosphate processing operations [3][7]. - The property is positioned to support the vertical integration of lithium iron phosphate (LFP) cathode active material production, contributing to the North American LFP battery supply chain [3][13]. Recent Developments - First Phosphate has produced commercial-grade LFP 18650 battery cells using North American critical minerals, showcasing the potential of the Bégin-Lamarche property [9][10]. - The high-purity phosphoric acid and iron powder for these battery cells were derived from the igneous anorthosite rock from the Bégin-Lamarche property [10].
First Phosphate Provides Perspective on Recent Trading Activity in its Common Shares
Newsfile· 2025-10-17 11:10
Core Perspective - First Phosphate Corp. addresses recent trading activity, including increased volume and price volatility of its common shares, following China's announcement of new export controls on critical materials [1][3]. Industry Impact - China's Ministry of Commerce announced unilateral export controls on rare earth materials, including lithium iron phosphate (LFP) cathode active material, effective November 8, 2025, which is expected to affect various global industries such as energy storage, AI data centers, robotics, mobility, defense, and electric vehicles [2][4]. - LFP batteries constitute a majority of global electric battery production, predominantly manufactured in China, indicating a significant reliance on Chinese supply chains [4]. Company Developments - First Phosphate is focused on onshoring the LFP battery supply chain in North America, recently producing commercial-grade LFP 18650 battery cells using North American critical minerals [5][6]. - The high-purity phosphoric acid and iron powder for these battery cells were sourced from the company's Bégin-Lamarche property in Quebec, Canada [6][12]. - A recent white paper by First Phosphate received a "Met" rating from the Defense Industrial Base Consortium, highlighting the importance of phosphate for national defense and the need for a domestic source to reduce dependency on China [7]. Strategic Goals - First Phosphate aims to accelerate its mine-to-market LFP battery supply chain strategy in North America, targeting markets such as energy storage, data centers, robotics, mobility, defense, and electric vehicles [7][11].