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FIRST PHOSPHATE CORP - FRSPF STOCK NEWS

Welcome to our dedicated page for FIRST PHOSPHATE news (Ticker: FRSPF), a resource for investors and traders seeking the latest updates and insights on FIRST PHOSPHATE stock.

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.

News

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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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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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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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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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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First Phosphate and Craler Sign MOU for the Development of Global Logistical Competencies to and from the Saguenay-Lac-St-Jean region of Quebec, Canada

Rhea-AI Summary
First Phosphate Corp. signs MOU with Craler Inc., a division of TFI International Inc. (TFII), to enhance global freight logistics capabilities. The agreement aims to optimize logistical operations, reduce costs, and minimize carbon footprint for the Company's operations in North America.
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First Phosphate Project Receives Letter of Support from Mario Simard, Canadian Parliamentary Deputy for the Riding of Jonquière, Québec

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First Phosphate Corp. receives a letter of support for its mining project and planned purified phosphoric acid plant from Hon. Mario Simard, Member of Parliament, highlighting the potential for job creation and contribution to the energy transition in Quebec.
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First Phosphate Provides Update on Plans for a Purified Phosphoric Acid Plant at Port Saguenay, Quebec

Rhea-AI Summary
First Phosphate Corp. announces plans for a purified phosphoric acid plant and the development of a lithium iron phosphate battery valley in Quebec. The company has made significant progress towards realizing its vision, including completing feasibility studies, securing industrial lands and key supplies, developing a financial model, and establishing partnerships for downstream manufacturing. The involvement of indigenous communities, government support, and clean power initiatives further bolster the company's efforts to create a sustainable battery ecosystem in North America.
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First Phosphate Announces Management Change

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First Phosphate Corp. announces an amendment to Jérôme Cliche's role, transitioning from Vice President, Business Development to a consultant until October 5, 2024. Mr. Cliche will continue with his personal corporation, LMC Communications Inc. The CEO, John Passalacqua, expresses gratitude for Mr. Cliche's service and looks forward to their continued collaboration. The revised consulting agreement includes the forfeiture of Mr. Cliche's options.
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First Phosphate and Integrals Power sign Joint Development Agreement to Produce Environmentally Compliant Battery Grade Iron III Phosphate Precursor for the LFP Battery Industry

Rhea-AI Summary
First Phosphate Corp. (FRSPF) signs a Joint Development Agreement with Integrals Power Limited to produce battery grade iron III phosphate precursor for the lithium iron phosphate battery industry outside of China. The agreement aims to create a cost-effective, environmentally compliant process to compete with Chinese producers.
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FAQ

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

The current stock price of FIRST PHOSPHATE (FRSPF) is $0.18115 as of December 20, 2024.

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

The market cap of FIRST PHOSPHATE (FRSPF) is approximately 11.6M.

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.

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FRSPF Stock Data

11.63M
46.15M
United States of America