First Phosphate Corp. is pleased to announce that, on September 26, 2023, it has received a letter of interest from the Export-Import Bank of the United States , where EXIM express that it would be able to provide financing in the amount of up to USD $170,000,000.00 to the Corporation. The LOI is in support of the procurement of U.S. goods and services by First Phosphate in Canada and is eligible for a maximum repayment [...]
First Phosphate Corp. is pleased to announce that, on September 13, 2023, it has entered into an agreement with American Battery Factory Inc. of Utah, USA to support production of up to 40,000 tonnes of annual fully North American manufactured lithium iron phosphate cathode active material . The initiative aims to bring production of LFP batteries for the battery storage sector to North America. The following mutually [...]
First Phosphate Corp. is pleased to announce it has filed on SEDAR+ its Preliminary Economic Assessment on the Lac à l'Orignal Property located 84 km northeast of Saguenay, Quebec, Canada. First Phosphate acquired and negotiated a 100% royalty free interest in the Property in 2022. The PEA provides a viable case for developing the Property by open pit mining for the primary production of a phosphate concentrate and [...]
First Phosphate Corp. is pleased to announce that the Central Prayon Process has successfully transformed its apatite concentrate to a high quality Merchant Grade Phosphoric Acid . As previously announced on June 19, 2023, a 900 kilogram sample of apatite concentrate was produced at the First Phosphate pilot plant facilities at SGS Québec and was sent to the facilities of Prayon Technologies SA in Belgium for testing its [...]
First Phosphate Corp. is pleased to announce that it has obtained strong assay results from a geological reconnaissance program at its Larouche property at only 40 km distance from the deep sea Port of Saguenay in Saguenay-Lac-St-Jean, Quebec, Canada. Larouche Project Results Grab sampling from the geological reconnaissance program in the Larouche area assayed up 36.46% P2O5 in massive apatite found within nelsonite [...]
First Phosphate Corp. is pleased to announce the positive results of its Preliminary Economic Assessment on the Lac à l'Orignal Property located 84 km northeast of Saguenay, Quebec, Canada. First Phosphate acquired and negotiated a 100% royalty free interest in the Property in 2022. The PEA provides a viable case for developing the Property by open pit mining for the primary production of a phosphate concentrate and [...]
First Phosphate Corp. is pleased to announce the signing of a non-binding memorandum of understanding with NorFalco Sales , a division of Glencore Canada Corporation, on July 17, 2023, to secure supply of sulfuric acid for its future industrial facilities in Saguenay-Lac-St-Jean, Quebec. Under the terms of the MOU, and subject to the parties entering into a mutually agreeable definitive sulfuric acid supply agreement [...]
First Phosphate Corp. is pleased to announce the appointment of Armand MacKenzie to the advisory board of the Company. A discussion between First Phosphate CEO, John Passalacqua and Armand Mackenzie is available at: https://youtu.be/uJRXjloQQjk. Armand MacKenzie was raised in traditional Innu territory. He has practiced law for 15 years and was chief legal advisor on land rights for the Innu Nation. He was a special [...]
First Phosphate Corp. is pleased to announce that further to the Company's press release dated May 11, 2023, members of its management team and board of directors have acquired 50% of the common shares of First Phosphate owned by Glen Eagle Resources Inc. under a share purchase agreement dated May 10, 2023, between the parties . The Share Purchase Agreement involves the acquisition of 2,700,000 Common Shares by the [...]
First Phosphate Corp. is pleased to announce that it has completed the commissioning of its pilot plant to produce phosphate concentrate to be used in the formulation of battery-grade purified phosphoric acid for use in the manufacture of lithium iron phosphate cathode active material for the LFP battery industry in North America. The pilot plant uses fully solventless, environmentally friendly extraction methods. It is [...]
First Phosphate Corp. is pleased to announce the appointment of Isobel Sheldon OBE, from consultancy and advisory firm Oakpolytech Ltd, to the advisory board of the Company. A pre-recorder discussion with CEO, John Passalacqua and Isobel Sheldon OBE is available at: https://youtu.be/u5cQ1B_3Am4. Isobel Sheldon is a 20 year veteran of the Lithium Ion battery industry. She was awarded an Order of the British Emprire from [...]
First Phosphate Corp. is pleased to announce that it has obtained final winter program drill results at its Bégin-Lamarche property. 20 holes were drilled for a total of 4,274 metres. A pre-recorder discussion of results with CEO, John Passalacqua and Chief Geologist, Gilles Laverdiére. Highlights: Discovery of two main zones with multiple open pit accessible phosphate-bearing layers. The Northern Zone consists of four [...]