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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.
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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 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 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 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 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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First Phosphate Corp. successfully transforms high purity phosphate concentrate into battery-grade purified phosphoric acid for the lithium iron phosphate battery industry. Prayon Technologies SA completes the process to produce purified phosphoric acid conforming to food grade/battery-grade specifications. The company is now ready to produce LFP cathode active material and battery cells from a North American source of battery-grade PPA.
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First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) will address the Federation of Chambers of Commerce of the Saguenay-Lac-Saint-Jean Region of Quebec on February 8, 2024. The company aims to outline its industrial and drilling plans for the season at its Bégin-Lamarche project and explain the importance of the lithium iron phosphate battery for the energy transition. CEO John Passalacqua highlights the need for domestic production of high-purity phosphate in the region, emphasizing its potential to become a catalyst for a new green industry. The company also plans to support the local economy, stimulate investment, and create employment opportunities while working internationally to leverage phosphate expertise.
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First Phosphate Corp. (FRSPF) announces a 25,000 m drill program at its Bégin-Lamarche Project following a recent financing raising $8.2 million. The Company aims to calculate a maiden NI 43-101 resource estimate leading to a PEA. Proximity to the deep-sea port of Saguenay and access to infrastructure and workforce make the project economically viable. The extensive drill program is intended to accelerate development, with the Company having existing drill permits and requesting additional permits for expansion.
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First Phosphate Corp. (FRSPF) has confirmed a new high-grade phosphate discovery in the Bégin-Lamarche project in Quebec, Canada. The Larouche area returned high-grade analyses with one sample grading as high as 39.45% P2O5, making it direct shipping ore. This is a significant development for the company's mining operations.
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First Phosphate Corp. (FRSPF) has announced a multi-party agreement with American Battery Factory Inc. and Integrals Power Limited to produce lithium iron phosphate (LFP) cathode active material (CAM) and LFP battery cells in North America. The LFP Project America aims to localize the entire production supply chain of LFP CAM and LFP battery cells storage devices for the battery storage sector to North America. The initiative is to support ABF's eventual need for up to 40,000 tonnes of annual fully localized LFP CAM for LFP battery cell production in North America by 2028.
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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.
FIRST PHOSPHATE CORP
NYSE:FRSPF
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54.42M
38.95%
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