FIRST PHOSPHATE CORP - FRSPF STOCK NEWS

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First Phosphate Corp (FRSPF) is a mineral development company focused on extracting and purifying phosphate for Lithium Iron Phosphate (LFP) battery production. The company holds over 1,500 sq. km of land claims in Quebec, Canada, rich in rare anorthosite igneous phosphate rock. Their commitment is to produce high-purity phosphate material for the LFP battery industry, ensuring a low carbon footprint and responsible production.

First Phosphate's recent achievements include signing a collaboration agreement with Pekuakamiulnuatsh Takuhikan, a First Nation group, for a phosphate mine and LFP cathode project in Quebec. The agreement outlines employment opportunities, environmental protection, and financial participation. The company aims to integrate into the regional battery industry with the support of indigenous communities.

In addition, First Phosphate has plans to establish a Rapidwall Manufacturing Plant for upcycling phosphogypsum into building material panels, further promoting sustainability. With recent recognition of phosphorous as a critical mineral in Canada, First Phosphate is well-positioned to contribute to North America's electrification needs through its innovative projects and commitment to a circular economy.

05/08/2024 08:40 AM

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First Phosphate Enters into LOI for Rapidwall Manufacturing Plant to Support Housing for Rural and Indigenous Communities in Canada and the United States

Rhea-AI Summary

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.

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05/01/2024 08:40 AM

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First Phosphate Announces Gold Sponsorship of THE Mining Investment Event of the North in Quebec City on June 4-6, 2024 and Inaugural Indigenous Business Panel

Rhea-AI Summary

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.

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04/23/2024 08:40 AM

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First Phosphate Intersects 92.5 m of 11.82% Igneous Phosphate Starting at Surface at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada

Rhea-AI Summary

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.

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04/17/2024 08:40 AM

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Gary Stanley, Former Director of the Office of Critical Minerals and Metals at the U.S. Department of Commerce, Joins the First Phosphate Advisory Board

Rhea-AI Summary

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.

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04/09/2024 03:55 PM

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Pekuakamiulnuatsh First Nation and First Phosphate Announce Collaboration Agreement

Rhea-AI Summary

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.

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04/02/2024 08:40 AM

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First Phosphate Drills a 2 m Vein of Massive Apatite at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada

Rhea-AI Summary

First Phosphate Corp. announces positive assay results from ongoing drill program at Bégin-Lamarche project. Significant intersections of high-grade phosphate mineralization reported in various zones. CEO highlights strong mineralization in Phosphate Mountain Zone. Detailed analysis of drill results provided.

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03/26/2024 08:40 AM

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First Phosphate Reports Published Research Studies for its Lac à l'Orignal, Mirepoix and Bégin-Lamarche Properties in the Saguenay-Lac-St-Jean region of Quebec, Canada

Rhea-AI Summary

First Phosphate Corp. (FRSPF) announces the publication of two peer-reviewed studies and a research report on its phosphate properties in Quebec. The studies highlight the potential for high purity phosphate production for the lithium iron phosphate battery industry. CEO John Passalacqua emphasizes the importance of these publications for the scientific and industrial communities, showcasing the Company's resource potential for North America's electrification needs.

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03/19/2024 08:40 AM

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First Phosphate Drills 9.44% P2O5 Over 89.10 m at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada

Rhea-AI Summary

First Phosphate Corp. announces promising initial assay results from the Bégin-Lamarche Project. High-grade phosphate layers discovered in multiple zones. CEO impressed by the volume and quality of phosphate. Apatite recognized as a critical mineral in various jurisdictions.

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03/13/2024 08:40 AM

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First Phosphate and Groupe Goyette Sign MOU for Logistics Footprint at the Hebertville-Station Intermodal Facility in the Saguenay-Lac-St-Jean Region of Quebec, Canada

Rhea-AI Summary

First Phosphate Corp. signs MOU with Groupe Goyette for logistical footprint expansion at Hébertville-Station intermodal facility. CEO John Passalacqua highlights benefits for future customers in battery technology industry. Armand MacKenzie appointed as Vice President, Government Relations.

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03/04/2024 08:40 AM

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First Phosphate Corp. Receives Mining Research and Innovation Grant from Quebec Ministry of Natural Resources

Rhea-AI Summary

First Phosphate Corp. (FRSPF) receives a mining research grant of $315,236 from the Quebec Ministry of Natural Resources and Forestry to continue mineralogical studies on apatite, ilmenite, and magnetite concentrates. The company aims to develop a lithium iron phosphate battery valley in Quebec to cater to the North American market. The CEO, John Passalacqua, expresses gratitude for the funding and highlights the company's presence at the Canada Investment Forum at PDAC 2024.

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FAQ

What is the current stock price of FIRST PHOSPHATE (FRSPF)?

The current stock price of FIRST PHOSPHATE (FRSPF) is $0.13 as of September 5, 2024.

What is the market cap of FIRST PHOSPHATE (FRSPF)?

The market cap of FIRST PHOSPHATE (FRSPF) is approximately 11.4M.

What is First Phosphate Corp focused on?

First Phosphate Corp is focused on extracting and purifying phosphate for the production of cathode active material for Lithium Iron Phosphate (LFP) batteries.

Where does First Phosphate operate?

First Phosphate holds over 1,500 sq. km of land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada.

What recent collaboration has First Phosphate announced?

First Phosphate announced a collaboration agreement with Pekuakamiulnuatsh Takuhikan, a First Nation group, for a phosphate mine and LFP cathode project in Quebec.

What is the significance of phosphorous being recognized as a critical mineral in Canada?

The recognition of phosphorous as a critical mineral in Canada highlights its importance in the country's mineral resources and strategic value for sectors like battery production.

How does First Phosphate contribute to sustainable development?

First Phosphate plans to establish a Rapidwall Manufacturing Plant for upcycling phosphogypsum into building material panels, promoting sustainability and circular economy practices.