First Phosphate Corp Stock Price, News & Analysis

First Phosphate (OTCQX: FRSPF) announced an accelerated 30,000‑metre drill program at its Bégin‑Lamarche igneous phosphate property in Saguenay‑Lac‑St‑Jean, Quebec, starting October 2025 to finalize the property's geological model.

The program will test the full 2.5 km mineralized zone on 50 m x 50 m spacing, begin with two rigs and ramp to four rigs by mid‑November, and is expected to complete by April 2026. The company says the program is fully funded and that the site is ~70 km from the Port of Saguenay and planned processing/CAM facilities.

First Phosphate (OTCQX: FRSPF) commented on recent trading volatility after China announced new unilateral export controls on rare earths and processed critical materials, including LFP cathode active material (CAM), under Ministry of Commerce Notice No 55-62 effective Nov 8, 2025. The company said trading volumes and share price moves followed that October 9, 2025 announcement.

First Phosphate highlighted its North American onshoring strategy, stating it has recently produced commercial-grade LFP 18650 battery cells using North American critical minerals sourced from its Bégin-Lamarche property. Its white paper received a "Met" rating from the Defense Industrial Base Consortium. The company said it intends to accelerate its mine-to-market LFP supply chain for North America.

First Phosphate (OTCQX: FRSPF) announced that CEO John Passalacqua will present at the Toronto Global Forum 2025 (IEFA) on October 16, 2025 at 10:00 AM ET during the panel “Securing the Mineral Backbone of the Economy.”

He will discuss North American defense supply‑chain risks from exploration and permitting through refining and advanced manufacturing, and outline policy, infrastructure and investment strategies to secure defense‑critical minerals within allied cooperation frameworks. The company also highlights its July 7, 2025 milestone producing commercial‑grade LFP 18650 battery cells using North American‑sourced minerals from the First Phosphate Bégin‑Lamarche property in Saguenay, Quebec.

First Phosphate (OTCQX: FRSPF / CSE: PHOS) hosted Canada's Minister of Energy and Natural Resources, the Parliamentary Secretary, and three MPs at the planned site of its future phosphoric acid plant at Port Saguenay, Saguenay-Lac-Saint-Jean, on October 4, 2025. The visit, announced October 8, 2025, highlights the company's high-purity igneous phosphate as a potential input for a North American supply chain for lithium iron phosphate (LFP) batteries, which are positioned as important for energy storage, mobility, data centres, robotics, and defence.

The officials praised Quebec's clean-tech and resource potential and discussed federal program support for critical minerals and regional economic diversification.

First Phosphate (OTCQX: FRSPF) has announced successful commercial testing results for its PHOS - LFP 18650 Battery Cells, manufactured using North American-sourced critical minerals. The cells demonstrated consistent performance with 1.6Ah capacity and projected 80% capacity retention after 2000 discharge cycles.

The battery cells were produced using materials from North American suppliers: phosphate and iron from First Phosphate's Bégin-Lamarche property in Quebec, lithium from Century Lithium in Nevada, and graphite from Nouveau Monde Graphite in Quebec. The cells showed stable performance, minimal cell-to-cell variability, and good voltage stability even at high discharge rates.

First Phosphate (OTCQX: FRSPF) has announced its graduation to trading on the OTCQX Best Market, the highest tier of OTC Markets Group Inc. This upgrade from its previous OTC listing is expected to enhance the company's visibility and accessibility to U.S. investors.

The OTCQX platform hosts over 12,000 U.S. and global securities and requires companies to meet strict financial standards, corporate governance practices, and securities law compliance. First Phosphate will maintain its listings on the Canadian Securities Exchange (CSE) and the Frankfurt Stock Exchange (FSE) for global investor exposure.

First Phosphate (OTCQB: FRSPF) has secured an industrial land option agreement with Port of Saguenay in Quebec, Canada, advancing their October 2022 MOU. The agreement grants First Phosphate exclusive rights to establish a phosphoric acid production facility by December 2027, with construction planned for 2028.

The facility will utilize advanced clean technology from Prayon SA (Belgium) and will be implemented by Ballestra S.pA. (Italy). The strategic location offers direct rail and vessel access to North American and global markets, industrial infrastructure access, and potential for vertical integration between phosphoric acid and LFP battery material production.

The agreement was signed in Montreal with notable attendance from Canadian government officials, highlighting strong governmental support for critical minerals development in the region.

First Phosphate (OTCQB: FRSPF) has achieved a significant milestone by successfully producing commercial-grade lithium iron phosphate (LFP) 18650 battery cells using North American-sourced critical minerals. The production utilized phosphate and iron from their Bégin-Lamarche property in Quebec, lithium from Century Lithium's Nevada operations, and graphite from Nouveau Monde Graphite in Quebec.

The battery cells were assembled by Ultion Technologies in Las Vegas, demonstrating the capability to localize the LFP battery supply chain in North America. These versatile 18650 battery cells serve various industries including robotics, defense, data centers, telecommunications, medical devices, and electric mobility applications.

First Phosphate (OTCQB: FRSPF) has collected a 5,000-kilogram bulk sample from its Bégin-Lamarche phosphate project in Quebec for advanced metallurgical testing. The sample will help refine the recovery process for apatite (phosphate), magnetite (iron), and ilmenite (titanium).

The company has conducted surface stripping in the Northern and Southern Zones, revealing significant apatite content: up to 45% in the Northern Zone and 25% in the Southern Zone. This work follows successful preliminary testing from June 2023 and will support future economic and feasibility studies.

Additionally, First Phosphate has engaged Connect 4 Marketing Ltd. for a 6-month digital marketing services contract starting July 1, 2025, for $12,330.