FIRST PHOSPHATE CORP - FRSPF STOCK NEWS

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 has reported high-grade phosphate intersects from its Bégin-Lamarche project in Quebec. Significant drill results include 8.13% P2O5 over 177 meters starting at 15 meters depth, and 11.38% P2O5 over 99 meters starting at 51 meters depth. The completed 25,929-meter drill program was finished ahead of schedule, with samples sent for analysis. A 43-101 resource estimate and Preliminary Economic Assessment (PEA) are expected by Q4 2024.

In the Phosphate Mountain Zone, 23 drill holes completed show grades over 10% P2O5. The Southern Zone revealed intersections of 7.18% P2O5 over 144 meters from 261 meters depth. The Northwestern Zone showed a 7.63% P2O5 intersect over 45 meters from 84 meters depth. The company has also acquired 15 additional mineral claims and granted stock options and RSUs to eligible individuals.

On June 10, 2024, First Phosphate Corp. welcomed the inclusion of phosphorous in Canada's Critical Minerals List. This inclusion aligns Canada with other jurisdictions like Ontario, Quebec, the EU, and South Korea. A decision from the US on phosphorous's status is anticipated in 2024-25. North American phosphate production is projected to decline by 61% by 2037, and current production focuses on food and fertilizer, not addressing the rising demand from LFP battery production. First Phosphate aims to develop Quebec igneous phosphate resources for high-purity PPA production, essential for LFP batteries, supporting North America's electrification needs.

First Phosphate Corp. has announced significant high-grade phosphate intersects at its Bégin-Lamarche project in Quebec. The company's 25,929 m drill program was completed ahead of schedule, and results from 29 drill holes were reported. Notable findings include an 11.85% P2O5 intersect over 84.0 m starting at 3.0 m depth in the Phosphate Mountain Zone, and a 5.81% P2O5 intersect over 216.1 m from surface in the Southern Zone. Drill holes revealed layers exceeding 10% P2O5 and a massive apatite vein with 30.73% P2O5. The company is preparing for a 43-101 resource estimate followed by a Preliminary Economic Assessment (PEA).

First Phosphate Corp. has entered into a LOI with Rapid Building Systems Pty to develop a Rapidwall Manufacturing Plant in Quebec, Canada, using clean phosphogypsum to create building material panels for rural and indigenous communities in North America. This move aligns with the company's circular economy commitment by upcycling waste streams. The project also includes a Rapidseal Manufacturing System for fire-resistant solutions. The company expects to access anorthosite phosphate-bearing rock to produce battery-grade purified phosphoric acid, contributing to the LFP battery ecosystem in North America.

First Phosphate Corp. announces its Gold Sponsorship of THE Mining Investment Event of the North in Quebec City on June 4-6, 2024, and an Indigenous Business Panel. The company aims to combine critical minerals, energy transition, de-carbonization, and Indigenous community development.

First Phosphate Corp. announces significant assay results from its Bégin-Lamarche project in Quebec, Canada, with impressive phosphate intersections at various zones. The company's ongoing drill program has revealed high-grade phosphate mineralization, promising potential for open-pit operations. CEO John Passalacqua anticipates completion of the drill program by May 2024, with a resource estimate to follow. The company's aggressive exploration efforts showcase the project's mineralization potential.

First Phosphate Corp. announces the appointment of Gary Stanley, former Director of the Office of Critical Minerals and Metals at the U.S. Department of Commerce, to its advisory board. Mr. Stanley brings over 40 years of experience in strengthening American supply chains and enhancing U.S. global competitiveness in critical minerals and metals industries. He played a key role in the 2019 US Federal Critical Minerals Strategy and the USA-Canada Critical Minerals Working Group. The Company granted Mr. Stanley 250,000 incentive stock options, highlighting its commitment to the North American battery supply chain.

First Phosphate Corp. and Pekuakamiulnuatsh Takuhikan sign a collaboration agreement for a phosphate mine and LFP cathode active material plant project in Quebec, Canada. The agreement outlines employment opportunities, environmental protection, and financial participation by the First Nation.