First Phosphate Confirms Significant High-Quality Igneous Phosphate Deposit at Its Bégin-Lamarche Project in the Saguenay-Lac-St-Jean Region, Quebec au Canada
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) has announced significant results from its 99-hole drilling program at the Bégin-Lamarche project in Quebec, Canada. The program, totaling 25,929 meters, has uncovered a high-quality igneous phosphate deposit with continuous mineralization over 2,400 meters across three zones:
1. Mountain Zone: 23 holes, 5,023m, grades >10% P2O5 over 7-99m widths
2. Northern Zone: 19 holes, 4,831m, 500m thick mineralized envelope
3. Southern Zone: 57 holes, 15,219m, continuous widths >100m
A NI 43-101 resource estimate is underway, to be followed by a Preliminary Economic Assessment. The deposit's proximity to the deep-water port of Saguenay (70km) is highlighted as logistically favorable.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) ha annunciato risultati significativi dal suo programma di perforazione di 99 fori presso il progetto Bégin-Lamarche in Quebec, Canada. Il programma, che ha totalizzato 25.929 metri, ha scoperto un deposito di fosfato igneo di alta qualità con mineralizzazione continua su 2.400 metri in tre zone:
1. Zona Montagna: 23 fori, 5.023m, gradi >10% P2O5 su larghezze di 7-99m
2. Zona Settentrionale: 19 fori, 4.831m, involucro mineralizzato spesso 500m
3. Zona Meridionale: 57 fori, 15.219m, larghezze continue >100m
È in corso una stima delle risorse secondo il NI 43-101, seguita da una Valutazione Economica Preliminare. La prossimità del deposito al porto di acque profonde di Saguenay (70km) è evidenziata come favorevole dal punto di vista logistico.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) ha anunciado resultados significativos de su programa de perforación de 99 pozos en el proyecto Bégin-Lamarche en Quebec, Canadá. El programa, que totaliza 25,929 metros, ha descubierto un depósito de fosfato ígneo de alta calidad con mineralización continua a lo largo de 2,400 metros en tres zonas:
1. Zona de Montaña: 23 pozos, 5,023m, grados >10% P2O5 en anchos de 7-99m
2. Zona Norte: 19 pozos, 4,831m, envoltura mineralizada de 500m de grosor
3. Zona Sur: 57 pozos, 15,219m, anchos continuos >100m
Está en curso una estimación de recursos según el NI 43-101, seguida de una Evaluación Económica Preliminar. La proximidad del depósito al puerto de aguas profundas de Saguenay (70km) se destaca como favorable logísticamente.
퍼스트 포스페이트 코퍼레이션(First Phosphate Corp.) (CSE: PHOS) (OTC: FRSPF)은 캐나다 퀘벡의 베긴-라마르쉐(Bégin-Lamarche) 프로젝트에서 99개 구멍 드릴링 프로그램의 중요한 결과를 발표했습니다. 총 25,929미터에 달하는 이 프로그램은 세 개의 구역에서 2,400미터에 걸쳐 고품질의 화성 인산염 매장지를 발견했습니다:
1. 산악 구역: 23개 구멍, 5,023m, 7-99m 너비에서 P2O5 >10%
2. 북부 구역: 19개 구멍, 4,831m, 두께 500m의 광물화된 외피
3. 남부 구역: 57개 구멍, 15,219m, 지속적인 너비 >100m
NI 43-101에 따른 자원 추정이 진행 중이며, 이후 예비 경제 평가가 이어질 예정입니다. 사구나이(Saguenay)의 심해 항구(70km)와의 가까운 접근성이 물류적으로 유리하다고 강조되고 있습니다.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) a annoncé des résultats significatifs de son programme de forage de 99 trous au projet Bégin-Lamarche au Québec, Canada. Le programme, d'un total de 25 929 mètres, a révélé un dépôt de phosphate igné de haute qualité avec une minéralisation continue sur 2 400 mètres dans trois zones :
1. Zone de Montagne: 23 trous, 5 023 m, grades >10 % P2O5 sur des largeurs de 7-99 m
2. Zone Nord: 19 trous, 4 831 m, enveloppe minéralisée de 500 m d'épaisseur
3. Zone Sud: 57 trous, 15 219 m, largeurs continues >100 m
Une estimation des ressources selon la norme NI 43-101 est en cours, suivie d'une Évaluation Économique Préliminaire. La proximité du dépôt au port en eaux profondes de Saguenay (70 km) est soulignée comme un avantage logistique.
First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) hat bedeutende Ergebnisse aus seinem 99-Bohrlöcher-Programm im Bégin-Lamarche-Projekt in Quebec, Kanada, bekannt gegeben. Das Programm, das insgesamt 25.929 Meter umfasst, hat ein hochwertiges magmatisches Phosphatlager mit kontinuierlicher Mineralisierung über 2.400 Meter in drei Zonen aufgedeckt:
1. Bergzone: 23 Bohrlöcher, 5.023m, Gehalte >10% P2O5 über Breiten von 7-99m
2. Nordzone: 19 Bohrlöcher, 4.831m, 500m dicke mineralisierte Umhüllung
3. Südzone: 57 Bohrlöcher, 15.219m, kontinuierliche Breiten >100m
Eine NI 43-101-Ressourcenschätzung ist im Gange, gefolgt von einer vorläufigen Wirtschaftlichkeitsanalyse. Die Nähe des Vorkommens zum Tiefwasserhafen von Saguenay (70 km) wird als logistisch vorteilhaft hervorgehoben.
- Discovery of a significant high-quality igneous phosphate deposit
- Continuous phosphate mineralization over 2,400 meters across 3 zones
- Mountain Zone shows grades of more than 10% P2O5 over widths ranging from 7m to 99m
- Northern Zone has a 500m thick mineralized envelope
- Southern Zone shows continuous widths of over 100m of phosphate mineralization
- Proximity to deep-water port of Saguenay (70km) is logistically favorable
- NI 43-101 resource estimate and Preliminary Economic Assessment are in progress
- None.
Saguenay, Quebec--(Newsfile Corp. - July 25, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that all results from its drilling program at its Bégin-Lamarche project are now available.
The 99 hole drill program totaling 25,929 m completed on its Bégin-Lamarche project has uncovered a significant high-quality igneous phosphate deposit. The drilling has shown continuous phosphate mineralization over a length of 2,400 m spread across 3 mineralized zones. A NI 43-101 resource estimate is now underway and will be immediately followed by a Preliminary Economic Assessment ("PEA").
"This drilling campaign has confirmed the presence of a high-quality igneous phosphate deposit in-line with expectation and in a logistically-favourable mining area at just 70 km from the deep-water port of Saguenay, Quebec," said John Passalacqua, CEO of First Phosphate. "We have already initiated a 43-101 resource estimate, which will be available in the coming months which will be immediately followed by a PEA."
Mountain Zone and Northern Zone
A total of 23 drill holes were completed in the Mountain Zone totaling 5,023 m. The Mountain Zone shows grades of more than
Table 1 - Results for the Mountain Zone
| MOUNTAIN ZONE | ||||||
| Drill Hole | From (m) | To (m) | Length (m) | P2O5 (%) | TiO2 (%) | Fe2O3T (%) |
| BL-24-46 | 155.2 | 177.6 | 22.4 | 14.33 | 5.83 | 28.28 |
| BL-24-48 | 32.0 | 39.65 | 7.65 | 15.01 | 2.59 | 19.17 |
| BL-24-51 | 70.0 | 111.0 | 41.0 | 7.72 | 1.88 | 16.09 |
| BL-24-53 | 70.1 | 132.4 | 62.3 | 9.50 | 4.12 | 28.45 |
| BL-24-53 | 154.1 | 246.0 | 91.9 | 6.92 | 3.50 | 20.08 |
| BL-24-56 | 6.5 | 99.0 | 92.5 | 11.82 | 5.29 | 30.96 |
| BL-24-56 | 123.0 | 162.0 | 39.0 | 8.43 | 3.18 | 17.56 |
| BL-24-59 | 6.55 | 59.4 | 52.85 | 12.44 | 5.65 | 33.60 |
| BL-24-62 | 69.0 | 144.65 | 75.65 | 9.97 | 3.66 | 20.71 |
| BL-24-64 | 3.0 | 42.0 | 39.0 | 9.06 | 4.11 | 25.45 |
| BL-24-67 | 3.0 | 87.0 | 84.0 | 11.85 | 5.09 | 32.49 |
| BL-24-69 | 29.0 | 65.1 | 36.1 | 9.81 | 3.26 | 22.36 |
| BL-24-74 | 82.0 | 102.3 | 20.3 | 10.30 | 4.28 | 19.01 |
| BL-24-76 | 49.0 | 64.25 | 15.3 | 11.27 | 4.40 | 24.29 |
| BL-24-78 | 47.55 | 102.7 | 55.15 | 8.72 | 3.18 | 19.87 |
| BL-24-80 | 2.4 | 74.55 | 72.15 | 6.59 | 2.37 | 16.23 |
| BL-24-82 | 6.0 | 83.7 | 77.7 | 11.07 | 3.28 | 18.63 |
| BL-24-85 | 102.0 | 134.0 | 32.0 | 11.54 | 4.28 | 25.80 |
| BL-24-90 | 6.0 | 90.0 | 84.0 | 10.15 | 2.82 | 21.43 |
| BL-24-92 | 15.0 | 192.0 | 177.0 | 8.13 | 3.89 | 22.49 |
| BL-24-94 | 51.0 | 150.0 | 99.0 | 11.38 | 3.98 | 25.37 |
| BL-24-95 | 6.0 | 162.0 | 156.0 | 8.90 | 4.14 | 20.97 |
| BL-24-98 | 18.0 | 33.0 | 15.0 | 4.62 | 2.24 | 12.74 |
| BL-24-102 | 180.0 | 231.0 | 51.0 | 7.53 | 3.01 | 19.84 |
| BL-24-104 | 6.0 | 93.0 | 87.0 | 8.43 | 4.35 | 22.30 |
Table 2 - 2023-2024 Results for the Northern Zone
| NORTHERN ZONE | ||||||
| Drill Hole | From (m) | To (m) | Length (m) | P2O5 (%) | TiO2 (%) | Fe2O3T (%) |
| BL-23-01 | 131.9 | 215.4 | 83.5 | 7.82 | 4.16 | 27.13 |
| BL-23-02 | 143.75 | 201.0 | 57.3 | 8.35 | 3.38 | 23.68 |
| BL-23-03 | 13.8 | 78.0 | 64.2 | 8.43 | 4.37 | 28.17 |
| BL-23-03 | 143.0 | 201.0 | 58.0 | 3.94 | 3.03 | 19.58 |
| BL-23-04 | 4.8 | 76.7 | 71.9 | 4.28 | 2.78 | 15.29 |
| BL-23-05 | 105.15 | 222.0 | 116.85 | 4.45 | 2.90 | 21.16 |
| BL-23-06 | 7.3 | 66.8 | 59.5 | 6.55 | 4.41 | 27.72 |
| BL-23-06 | 201.0 | 295.25 | 94.25 | 6.10 | 3.70 | 25.55 |
| BL-23-07 | 53.5 | 195.7 | 142.2 | 4.62 | 3.67 | 21.46 |
| BL-23-08 | 62.65 | 94.1 | 31.45 | 5.89 | 2.73 | 14.93 |
| BL-23-09 | 39.0 | 91.75 | 52.75 | 4.45 | 3.11 | 20.13 |
| BL-23-10 | 74.15 | 159.0 | 84.9 | 4.57 | 2.65 | 17.63 |
| BL-23-10 | 252.2 | 311.0 | 58.8 | 7.14 | 3.30 | 24.05 |
| BL-23-18 | 55.9 | 141.45 | 85.55 | 8.75 | 4.18 | 28.82 |
| BL-23-19 | 197.4 | 308.2 | 110.8 | 7.02 | 3.30 | 25.46 |
| BL-23-20 | 56.2 | 102.3 | 46.1 | 4.48 | 2.73 | 19.65 |
| BL-23-21 | 122.85 | 255.0 | 132.15 | 6.75 | 3.94 | 24.37 |
| BL-24-22 | 195.0 | 259.0 | 64.0 | 5.80 | 2.94 | 21.04 |
| BL-24-23 | 21.0 | 175.1 | 154.1 | 7.02 | 4.40 | 27.34 |
| BL-24-26 | 6.9 | 96.0 | 89.1 | 9.44 | 3.92 | 27.59 |
| BL-24-27 | 138.0 | 189.0 | 51.0 | 4.41 | 3.05 | 20.62 |
| BL-24-29 | 99.0 | 276.0 | 177.0 | 4.46 | 3.63 | 22.85 |
| BL-24-31 | 119.85 | 213.8 | 93.95 | 7.16 | 3.49 | 18.76 |
| BL-24-32 | 159.0 | 228.0 | 69.0 | 5.51 | 3.82 | 24.60 |
| BL-24-34 | 93.0 | 192.0 | 99.0 | 6.34 | 2.74 | 20.09 |
| BL-24-36 | 234.0 | 342.0 | 108.0 | 6.83 | 4.33 | 28.34 |
| BL-24-38 | No significant results | |||||
| BL-24-39 | 102.0 | 150.0 | 48.0 | 5.51 | 2.20 | 16.64 |
| BL-24-40 | 186.0 | 274.2 | 88.2 | 7.76 | 2.86 | 21.87 |
| BL-24-42 | 6.6 | 188.7 | 182.1 | 5.04 | 3.09 | 17.77 |
| BL-24-44 | 192.4 | 283.0 | 90.6 | 7.48 | 3.38 | 23.64 |
| BL-24-105 | 132.0 | 144.65 | 12.65 | 5.12 | 2.38 | 17.53 |
| BL-24-107 | 29.1 | 132.25 | 103.15 | 7.67 | 4.19 | 25.71 |
| BL-24-107 | 217.1 | 360.0 | 142.9 | 8.86 | 4.47 | 30.20 |
| BL-24-109 | 6.9 | 49.4 | 42.5 | 10.12 | 4.80 | 28.55 |
| BL-24-116 | 256.0 | 304.0 | 48.0 | 7.46 | 3.95 | 22.77 |
| BL-24-119 | 6.0 | 57.5 | 51.5 | 6.00 | 4.07 | 24.82 |
Southern Zone
The Southern Zone was drilled at 100 m spaced sections over a length of 1,700 m by 57 drill holes totaling 15,219 m. Results from the Southern Zone show continuous widths of over 100 m of phosphate mineralization (Table 3). The Southern Zone remains open at depth.
Table 3 - 2023-2024 Results for the Southern Zone
| SOUTHERN ZONE | ||||||
| Drill Hole | From (m) | To (m) | Length (m) | P2O5 (%) | TiO2 (%) | Fe2O3T (%) |
| BL-23-11 | 24.1 | 36.3 | 12.2 | 4.81 | 0.32 | 10.15 |
| BL-23-12 | 53.1 | 182.3 | 129.2 | 4.83 | 2.95 | 18.39 |
| BL-23-13 | 139.6 | 225.0 | 85.4 | 4.08 | 2.58 | 13.39 |
| BL-23-14 | 18.0 | 151.5 | 133.5 | 5.00 | 4.15 | 27.17 |
| BL-23-15 | 50.0 | 183.7 | 133.7 | 4.52 | 3.40 | 20.05 |
| BL-23-16 | 36.1 | 64.8 | 28.7 | 7.60 | 3.88 | 22.09 |
| BL-23-16 | 97.0 | 131.5 | 34.5 | 9.99 | 5.50 | 29.83 |
| BL-23-17 | 13.0 | 79.0 | 66.0 | 2.59 | 2.15 | 12.84 |
| BL-24-24 | 61.3 | 190.9 | 129.6 | 5.22 | 3.63 | 22.32 |
| BL-24-25 | 74.2 | 117.0 | 42.8 | 9.89 | 3.54 | 28.65 |
| BL-24-28 | 73.25 | 152.2 | 78.95 | 5.48 | 4.07 | 24.68 |
| BL-24-30 | 33.0 | 78.65 | 45.65 | 4.28 | 2.97 | 19.83 |
| BL-24-33 | 3.8 | 110.0 | 106.2 | 5.00 | 3.70 | 21.19 |
| BL-24-35 | 212.5 | 253.7 | 41.2 | 6.25 | 3.44 | 19.55 |
| BL-24-37 | 84.0 | 126.0 | 42.0 | 6.03 | 4.47 | 28.57 |
| BL-24-41 | 96.0 | 141.0 | 45.0 | 5.18 | 3.08 | 17.68 |
| BL-24-43 | 111.0 | 369.0 | 258.0 | 5.41 | 4.33 | 22.19 |
| BL-24-45 | 22.0 | 60.0 | 38.0 | 7.97 | 3.15 | 20.54 |
| BL-24-47 | 153.0 | 304.0 | 151.0 | 3.89 | 3.36 | 19.51 |
| BL-24-49 | 72.5 | 105.5 | 33.0 | 8.65 | 3.77 | 24.05 |
| BL-24-50 | 4.2 | 93.0 | 88.8 | 5.90 | 4.14 | 23.62 |
| BL-24-52 | 204.0 | 247.7 | 43.7 | 7.04 | 3.62 | 24.50 |
| BL-24-54 | 61.1 | 101.1 | 40.0 | 9.18 | 4.80 | 28.16 |
| BL-24-55 | 4.0 | 194.8 | 190.8 | 4.60 | 3.64 | 19.83 |
| BL-24-57 | 183.9 | 194.0 | 10.1 | 6.58 | 3.86 | 22.58 |
| BL-24-58 | 81.0 | 144.0 | 63.0 | 4.02 | 3.46 | 18.82 |
| BL-24-60 | 3.7 | 197.7 | 194.0 | 5.21 | 3.81 | 22.50 |
| BL-24-61 | No significant results | |||||
| BL-24-63 | 37.7 | 297.0 | 259.3 | 5.21 | 3.80 | 21.65 |
| BL-24-70 | 73.6 | 148.0 | 74.4 | 4.27 | 3.49 | 20.55 |
| BL-24-71 | 73.3 | 174.9 | 101.6 | 4.76 | 3.52 | 19.60 |
| BL-24-72 | 196.0 | 305.0 | 109.0 | 4.72 | 3.70 | 21.26 |
| BL-24-73 | 195.2 | 366.0 | 170.8 | 5.23 | 4.13 | 22.38 |
| BL-24-75 | 118.2 | 135.0 | 16.8 | 6.01 | 4.34 | 26.65 |
| BL-24-77 | 174.0 | 360.0 | 186.0 | 4.53 | 3.23 | 19.64 |
| BL-24-79 | No significant results | |||||
| BL-24-81 | 190.15 | 265.3 | 75.15 | 5.05 | 3.61 | 20.30 |
| BL-24-83 | 5.0 | 216.6 | 211.6 | 5.81 | 3.52 | 24.00 |
| BL-24-84 | 205.9 | 283.0 | 77.1 | 8.41 | 4.14 | 22.75 |
| BL-24-86 | 9.3 | 44.55 | 35.25 | 6.24 | 4.46 | 23.61 |
| BL-24-87 | 173.6 | 198.0 | 24.4 | 7.12 | 5.57 | 28.79 |
| BL-24-88 | 219.0 | 363.0 | 144.0 | 7.18 | 4.61 | 31.02 |
| BL-24-89 | 233.0 | 345.0 | 112.0 | 5.99 | 4.67 | 25.64 |
| BL-24-91 | 84.0 | 129.0 | 45.0 | 7.63 | 4.05 | 24.55 |
| BL-24-93 | 132.0 | 349.4 | 217.4 | 4.92 | 4.08 | 21.90 |
| BL-24-96 | 66.0 | 78.0 | 12.0 | 9.19 | 3.46 | 21.77 |
| BL-24-97 | 12.0 | 97.5 | 85.5 | 5.79 | 4.67 | 26.73 |
| BL-24-99 | 92.0 | 122.5 | 30.5 | 7.25 | 4.03 | 24.94 |
| BL-24-100 | 6.8 | 76.4 | 69.6 | 4.88 | 3.91 | 23.08 |
| BL-24-101 | 82.0 | 103.5 | 21.5 | 5.32 | 3.58 | 15.79 |
| BL-24-103 | 21.2 | 93.0 | 71.8 | 5.05 | 3.20 | 21.08 |
| BL-24-106 | 6.0 | 51.0 | 45.0 | 4.57 | 3.21 | 16.61 |
| BL-24-108 | 6.0 | 26.9 | 20.9 | 10.47 | 5.62 | 34.41 |
| BL-24-110 | 5.35 | 41.3 | 36.0 | 5.74 | 3.91 | 21.14 |
| BL-24-111 | 7.0 | 238.4 | 231.4 | 4.96 | 3.13 | 17.81 |
| BL-24-112 | 38.0 | 159.0 | 121.0 | 4.73 | 3.81 | 20.83 |
| BL-24-112 | 182.5 | 278.0 | 95.5 | 7.38 | 3.92 | 22.85 |
| BL-24-113 | 171.0 | 256.65 | 85.65 | 6.36 | 2.88 | 16.48 |
| BL-24-114 | 173.0 | 279.0 | 106.0 | 5.25 | 3.70 | 22.65 |
| BL-24-115 | 10.85 | 46.0 | 35.15 | 5.40 | 3.24 | 18.32 |
| BL-24-117 | No significant results | |||||
| BL-24-118 | 143.75 | 176.0 | 32.3 | 5.00 | 3.75 | 16.81 |
| BL-24-120 | 73.0 | 133.75 | 60.8 | 4.20 | 2.65 | 15.51 |
Detailed results for the 2023 and 2024 drill programs are available at:
July 10, 2024: https://firstphosphate.com/10_juillet_2024
May 14. 2024: https://firstphosphate.com/May_14_2024
April 23. 2024: https://firstphosphate.com/April_23_2024
April 2. 2024: https://firstphosphate.com/drilling-2m-vein-of-massive-apatite
March 19. 2024: https://firstphosphate.com/initial-assay-results
June 5, 2023: https://firstphosphate.com/begin-lamarche-2023
Figure 1 - Drill Map for the 2023 / 2024 Drill Programs at Bégin-Lamarche
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/217629_6d88aa55e46be920_001full.jpg
Figure 2 - The 3 Main Zones at Begin-Lamarche
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/217629_6d88aa55e46be920_002full.jpg
Quality Assurance / Quality Control
The sampling of, and assay data from, the drill core is monitored through the Company's implementation of a quality assurance - quality control (QA-QC) program designed to the CIM Mineral Exploration Best Practices Guidelines.
A formal chain-of-custody procedure was adopted for security of samples until their delivery at the laboratory. Drill core (NQ size) is logged and samples are selected by Laurentia Exploration Inc. geologists and sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from 0.5 to 3 metres in length depending on the geological observations. A blank and a standard are inserted at the beginning of each sample batch, usually one complete hole, and a blank and a standard are then inserted alternatively each 10 samples. Half-core samples are packaged and sent by ground transportation in sealed rice bags to an independent laboratory, Activation Laboratories Ltd. of Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579). The core samples are crushed up to
Qualified Person
The scientific and technical disclosure for First Phosphate included in this news release has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of First Phosphate and a Qualified Person under National Instrument 43-101 - Standards of Disclosure of Mineral Projects ("NI 43-101").
About First Phosphate Corp.
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material ("CAM") for the lithium iron phosphate ("LFP") battery industry. First Phosphate is committed to producing at high purity level, at full ESG standard and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP CAM emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.
For additional information, please contact:
Bennett Kurtz, CFO
bennett@firstphosphate.com
Tel: +1 (416) 200-0657
Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com
Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/
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Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered "forward-looking statements" and "forward looking information" within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and other similar expressions. In addition, statements in this news release that are not historical facts are forward-looking statements, including, among other things, the Company's planned exploration and production activities, the properties and composition of any extracted phosphate, the Company's plans for vertical integration into North American supply chains, statements relating to the Company's planned exploration activities, including its drill target strategy and next steps for the Bégin-Lamarche Property; and the Company's interpretations and expectations about the results on the Bégin-Lamarche Property.
These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company's long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company's property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company's projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company's exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company's mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company's share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.
These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company's other documents filed with the Canadian and United States securities authorities, including without limitation the "Risk Factors" section of the Company's Annual Information Form dated November 29, 2023 and Annual Report on Form 20-F which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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FAQ
What are the key findings from First Phosphate's (FRSPF) drilling program at Bégin-Lamarche?
How many drill holes were completed in First Phosphate's (FRSPF) Bégin-Lamarche project?
What is the next step for First Phosphate (FRSPF) following the drilling results at Bégin-Lamarche?
Where is First Phosphate's (FRSPF) Bégin-Lamarche project located?
