First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) has announced the publication of two research reports on its Bégin-Lamarche phosphate deposit conducted by Queen's University and Université de Québec à Chicoutimi. The studies focus on the geological characteristics of the Mountain, North, and South Zones of Bégin-Lamarche, part of Quebec's Lac-Saint-Jean Anorthositic Suite, the world's largest anorthosite complex.
China's Ministry of Commerce has proposed stricter controls on the export of critical battery and lithium processing technologies, potentially disrupting global supply chains for electric vehicles (EVs) and renewable energy storage. This draft includes potential restrictions on key technologies essential for producing battery cathode materials and extracting lithium, including spodumene-based lithium extraction and direct lithium extraction from brines.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) announced it has closed an oversubscribed private placement financing, raising approximately $2,695,000, well above the initially planned $1 million. "We are happy to have raised funds exclusively from a select group of existing and new investors, none of which is a traditional flow-through fund," First Phosphate CEO John Passalaqua said.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) earlier this week announced key developments that strengthen its position as a resource developer. The company signed offtake agreements for upstream phosphate processing, which it said enhance the financial viability of its operations and pave the way for future feasibility studies.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) has announced plans to undertake a non-brokered private placement aiming to raise gross proceeds of at least $1 million. The offering includes a combination of flow-through shares priced at $0.35 each and hard dollar units priced at $0.35 per unit.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) said on Wednesday it signed two long-term offtake agreements with creditworthy partners for its future production in Saguenay-Lac-St-Jean, Quebec, a move aimed at de-risking its projects and bolstering financing prospects. Definitive terms of the agreements, including delivery timelines and termination rights, will be outlined in separate contracts, the firm said in a statement.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) this week announced a significant milestone for its Bégin-Lamarche property in Quebec: the release of a preliminary economic assessment (PEA) that the company believes outlines a promising case for open-pit mining focused on producing phosphate concentrate. “We're looking at a net present value exceeding $2 billion, which is very good in this market,” First Phosphate CEO John Passalacqua told Proactive.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) has announced positive results of a Preliminary Economic Assessment at its Begin-Lamarche property in Saguenay-Lac-Saint-Jean, Quebec, Canada. The company said the assessment provides a potentially viable case for developing the property through open-pit mining, focusing on the primary production of phosphate concentrate and the secondary recovery of magnetite concentrate.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) has signed a technology license agreement (TLA) with Prayon of Belgium to produce merchant-grade phosphoric acid (MGA) and high-purity gypsum from igneous apatite phosphate rock. The agreement allows First Phosphate to design, build, and operate a Canadian MGA manufacturing facility with a production capacity of 600 metric tons of P2O5 per day.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) has announced a strategic collaboration with GKN Hoeganaes, a division of GKN Powder Metallurgy, to support the development of lithium iron phosphate (LFP) cathode active material. The company sees the partnership as a pivotal step in establishing a sustainable and locally sourced supply chain for LFP batteries in North America, essential for electric vehicles (EVs) and energy storage systems.
First Phosphate Corp. (CSE:PHOS) announced that its shares are now trading on the OTCQB Venture Market under the ticker 'FRSPF' and are eligible for electronic clearing and settlement in the US through the Depository Trust Company (DTC). The company said it expects these milestones are expected to enhance liquidity and simplify trading for US investors.
First Phosphate Corp. (CSE:PHOS) is strategically positioned to capitalize on North America's growing demand for lithium iron phosphate (LFP) batteries by building strong partnerships and advancing its Quebec-based projects, according to Hallgarten. A new report from Hallgarten highlighted the Canadian company's role in the burgeoning lithium iron phosphate (LFP) battery market.