First Phosphate Corp Stock Price, News & Analysis

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.

First Phosphate Corp. has received a "Met" rating from the US Department of Defense's Defense Industrial Base Consortium for its white paper on securing North American phosphate supply for LFP cathode materials. The rating makes the company eligible for potential DoD funding for 36 months. The DIBC assessment highlighted that First Phosphate's solution could establish North America's first dedicated phosphate facility for LFP CAM production. The consortium noted that the project is technically and economically viable with Defense Production Act funding, addressing critical domestic phosphate supply needs beyond food and fertilizer industries. The initiative aims to reduce dependency on China's LFP market dominance and strengthen national defense capabilities through domestic phosphate production for LFP batteries.

First Phosphate has voluntarily filed Form 15F with the SEC to terminate its registration and reporting obligations under the Exchange Act. The company's shares will continue trading uninterrupted on the Canadian Securities Exchange, OTCQB, and Frankfurt Stock Exchange.

The deregistration follows the company's SEC registration in April 2024, which addressed a legacy reporting situation predating current management. With the legacy matter now resolved, management has determined SEC registration is no longer necessary for near-term operations. This strategic move aims to reduce financial reporting complexity and administrative costs.

The company will maintain its Canadian continuous disclosure obligations through filings with Canadian securities regulators, available on SEDAR. The SEC reporting obligations are immediately suspended and expected to fully terminate 90 days after filing.

First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) highlights the recognition of Quebec's clean igneous phosphate reserves during the Canadian Federal Election Debate. The company's strategic position in Saguenay-Lac-St-Jean was acknowledged by Bloc Québécois Leader Yves-François Blanchet, emphasizing the region's significant phosphate reserves and Port Saguenay's importance.

The company controls over 1,000 sq. km of high-purity igneous phosphate claims in Quebec, with potential to support 350 GWh of LFP battery production annually. Their phosphate ore, among the world's purest, can be refined without generating gypsum slag. First Phosphate's advantages include advanced processing capabilities, full vertical integration from mining to LFP cathode active material production, and strategic infrastructure access including deep-sea port and rail connections.

First Phosphate Corp (OTCQB: FRSPF) is positioning itself to support America's manufacturing revival through domestic Lithium Iron Phosphate (LFP) battery materials supply for industrial automation and robotics. The company holds over 1,000 sq. km of high-purity igneous phosphate claims in Quebec, with potential to support 350 GWh of annual LFP battery production.

Located in Saguenay-Lac-Saint-Jean, Quebec, the company benefits from strategic infrastructure including a deep-sea port and rail access. The company's phosphate ore, among the purest globally, can be refined into battery-grade material without generating gypsum slag. First Phosphate has completed several development milestones, including a NI 43-101 Technical Report, PEA, and various pilot plants.

This initiative comes as industrial automation demand is projected to reach USD $307.7 billion by 2030, with approximately 60% of occupations potentially automating 30% of their tasks. The company aims to address vulnerabilities in the current China-concentrated LFP battery supply chain, particularly relevant given potential U.S. tariffs of up to 125% on Chinese imports.

First Phosphate Corp (OTCQB: FRSPF) has released a significant update on its business progress. The company's first iron phosphate facility is advancing with production scheduled to begin in 2026, projecting substantial revenue shortly after.

Key organizational changes include the promotion of Armand MacKenzie to President and David Dufour to Senior Vice-President, bringing valuable industry experience and relationships to the executive team.

Notably, several company insiders, including the Chairman, an Independent Director, and the CEO, have made substantial stock purchases, including open market acquisitions, demonstrating strong internal confidence in the company's direction and potential in the phosphate and Electric Vehicle (EV) industry.

First Phosphate Corp (FRSPF) has announced significant developments across three major projects. The Bégin-Lamarche phosphate mine project, with US $459M buildout capex, projects peak annual revenues of US $362M over 23 years at 37.1% pre-tax IRR. The company secured definitive long-term offtake agreements in December 2024.

A phosphoric acid facility with 190,000 tonne annual capacity is planned, requiring US $175M capex, with potential annual revenues of $284M. The First Saguenay iron phosphate plant in La Baie, Quebec, estimated at US $76M, aims to begin small-scale production in 2026, targeting 11,882 tonnes annually by 2028 with projected revenues of US $53M.

The company announced key management promotions: Armand MacKenzie to President and David Dufour to Senior VP. Notable insider purchases include 811,000 shares by CEO John Passalacqua, 197,500 shares by Director Peter Nicholson, and 40,000 shares by Chairman Laurence W. Zeifman since January 2025.

First Phosphate Corp (OTCQB: FRSPF) is positioned as a key player in the growing EV battery materials market, specifically focusing on lithium iron phosphate production. The company owns the Bégin-Lamarche mine and is developing resources to produce high-purity phosphate, iron, and titanium.

The global demand for phosphate is projected to grow from $17.6B currently to $23.5B in 2034. Commercial demand beyond fertilizer now represents approximately 66% of the preferred material for battery production. The company's strategic advantages include proximity to the Saguenay Deep Sea Port, access to skilled labor, and clean hydroelectric power.

Both the United States and Canadian governments have recognized phosphate as a critical mineral, with Canada making this designation last summer and the US proposing similar legislation.