First Phosphate Accelerates 30,000 Metre Drilling Program to Provide Final Geological Model for its Begin-Lamarche Igneous Phosphate Property
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) ha annunciato un programma di trivellazione accelerato di 30.000 metri presso la proprietà di fosfato igneo Bégin‑Lamarche a Saguenay‑Lac‑St‑Jean, Quebec, a partire da ottobre 2025 per finalizzare il modello geologico della proprietà.
Il programma testerà l'intera zona mineralizzata di 2,5 km su una disposizione di 50 m x 50 m, inizierà con due trivelle e arriverà a quattro entro metà novembre, e si prevede che sia completato entro aprile 2026. L'azienda afferma che il programma è interamente finanziato e che il sito dista circa 70 km dal Porto di Saguenay e dagli impianti di lavorazione/ CAM pianificati.
First Phosphate (OTCQX: FRSPF) anunció un programa de perforación acelerado de 30,000 metros en su propiedad de fosfato ígneo Bégin-Lamarche en Saguenay-Lac-Saint-Jean, Quebec, que comienza en octubre de 2025 para finalizar el modelo geológico de la propiedad.
El programa probará toda la zona mineralizada de 2,5 km con un espaciamiento de 50 m x 50 m, comenzará con dos perforadoras y aumentará a cuatro para mediados de noviembre, y se espera que finalice en abril 2026. La empresa dice que el programa está completamente financiado y que el sitio está a ~70 km del Puerto de Saguenay y de las instalaciones de procesamiento/CAM planificadas.
First Phosphate (OTCQX: FRSPF)는 Saguenay‑Lac‑St‑Jean, Quebec의 Begin‑Lamarche 화성 인 광물 인광 자산에서 지질 모델 확정을 위한 가속된 30,000미터 시추 프로그램을 2025년 10월 시작으로 발표했습니다.
프로그램은 2.5 km의 광물화 구역 전체를 50 m x 50 m 간격으로 테스트하고, 처음에는 두 대의 굴착기로 시작해 11월 중순까지 4대로 늘릴 예정이며, 2026년 4월까지 완료될 것으로 예상됩니다. 회사는 프로그램이 전액 자금 조달되었고 현장이 Saguenay 항구에서 약 70 km 떨어져 있으며 계획된 처리/ CAM 시설이 있다고 말합니다.
First Phosphate (OTCQX: FRSPF) a annoncé un programme de forage accéléré de 30 000 mètres sur la propriété de phosphate igneux Bégin‑Lamarche à Saguenay‑Lac‑Saint‑Jean, Québec, à partir d'octobre 2025 pour finaliser le modèle géologique de la propriété.
Le programme testera toute la zone minéralisée de 2,5 km avec un espacement de 50 m x 50 m, commencera avec deux foreuses et passera à quatre d'ici la mi-novembre, et devrait être terminé d'ici avril 2026. L'entreprise indique que le programme est entièrement financé et que le site se situe à environ 70 km du port de Saguenay et des installations de traitement/CAM prévues.
First Phosphate (OTCQX: FRSPF) hat ein beschleunigtes 30.000-Meter Bohrprogramm auf dem Begin‑Lamarche igneous phosphate property in Saguenay‑Lac‑St‑Jean, Quebec angekündigt, das im Oktober 2025 beginnt, um das geologische Modell der Liegenschaft abzuschließen.
Das Programm wird die gesamte 2,5 km Mineralisierungszone im Abstand von 50 m x 50 m testen, beginnt mit zwei Bohrgeräten und fährt bis Mitte November auf vier hoch, und soll bis April 2026 abgeschlossen sein. Das Unternehmen sagt, dass das Programm vollständig finanziert ist und der Standort ca. 70 km vom Hafen Saguenay sowie den geplanten Verarbeitungs-/CAM-Anlagen entfernt liegt.
First Phosphate (OTCQX: FRSPF) أعلنت عن برنامج حفر متسارع بطول 30,000 متراً في ممتلكاتها من فوسفات igneous Bégin‑Lamarche في Saguenay‑Lac‑St‑Jean، كيبيك، يبدأ في أكتوبر 2025 لاستكمال نموذجها geology للعقار.
سيختبر البرنامج كامل المنطقة المعدنية البالغ طولها 2,5 كم بمسافة 50 م × 50 م، وسيبدأ بوجود جهازين ثم يزداد إلى أربعة بحلول منتصف نوفمبر، ومن المتوقع أن يُكمل في أبريل 2026. وتقول الشركة إن البرنامج ممول بالكامل وأن الموقع يبعد حوالى 70 كم عن ميناء Saguenay ومرافق المعالجة/CAM المخطط لها.
First Phosphate (OTCQX: FRSPF) 宣布在其位于魁北克省 Saguenay‑Lac‑St‑Jean 的 Begin‑Lamarche 之 igneous 磷酸盐资产进行加速的 3万米 钻探计划，起自 2025 年 10 月，以完善该资产的地质模型。
该计划将以 2.5 公里矿化带在 50 m × 50 m 的间距下进行测试，初期以两台钻机开工，至 11 月中旬增至四台，预计于 2026 年 4 月 完成。公司表示该计划全部资金到位，现场距离 Saguenay 港约 70 公里，并且拟建的加工/CAM 设施也在计划中。
- 30,000 m accelerated drill program announced
- Program covers the full 2.5 km known mineralized zone
- Drilling spaced at 50 m x 50 m for detailed geological model
- Drill program is stated as fully funded
- Site is ~70 km from Port of Saguenay for processing logistics
- Drill program not expected to complete until April 2026
- No updated resource estimate has been released from this program yet
Saguenay, Quebec--(Newsfile Corp. - October 21, 2025) - First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that it will undertake a 30,000-metre accelerated drill program at its Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec, Canada, commencing this month.
The drilling program is expected to build on the Company's initial resource estimate and to confirm the final geological model for the property. A full and comprehensive understanding of the deposit is anticipated after completion of this drill program. The Company's initial resource estimate effective September 9, 2024 is available at https://firstphosphate.com/projects/begin-lamarche/).
"The Bégin-Lamarche property is located near existing infrastructure, skilled workforce and at only ~70 km driving distance from the deep-sea Port of Saguenay and our eventual secondary and tertiary phosphate processing facilities," explained John Passalacqua, CEO, of First Phosphate "We have Bégin-Lamarche on an accelerated development path to support potential full vertical integration of the Company's future lithium iron phosphate ("LFP") cathode active material ("CAM") operations in Saguenay-Lac-St-Jean, Quebec."
The campaign will encompass the entire 2.5 km long known phosphate mineralization zone at 50 m x 50 m intervals (see Figure 1 below). The drill program will begin with two drill rigs in the coming weeks and increase up to four rigs by mid-November with expected completion by April 2026. The drill program is fully funded by the Company's recent financings, and all drill and work authorizations are in place.
The campaign will be managed by Laurentia Exploration of Jonquière, Quebec. Drilling operations will be conducted by First Nations Drilling of Mashteuiatsh, Quebec, and Forages Diafor of Rivière-Héva, Quebec.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/271118_48097d5824b658c7_001full.jpg
First Phosphate's proposed secondary phosphate processing plant is to be located at the Port of Saguenay and very close to the Company's intended LFP CAM material production plant in La Baie, Quebec. The Bégin-Lamarche igneous phosphate property is located next to major paved highway and at only ~70 km driving distance from both the deep-sea Port of Saguenay and La Baie, Quebec for eventual full vertical integration of mining and advanced processing of high purity igneous phosphate into LFP CAM to support the onshoring of the North American LFP battery industry.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/271118_48097d5824b658c7_002full.jpg
First Phosphate has recently produced perhaps the first ever commercial-grade LFP 18650 battery cells using North American critical minerals. Please see: https://firstphosphate.com/north-american-lfp-battery-cells.
The high-purity phosphoric acid and iron powder for these LFP 18650 battery cells was produced using rare igneous anorthosite rock extracted from the First Phosphate Bégin-Lamarche property in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/271118_48097d5824b658c7_003full.jpg
Qualified Person
The scientific and technical information contained in this press release has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of First Phosphate and a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About First Phosphate Corp
First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development and cleantech company dedicated to building and onshoring a vertically integrated mine-to-market lithium iron phosphate (LFP) battery supply chain for North America. Target markets include energy storage, data centers, robotics, mobility and defense.
First Phosphate's flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, Canada is a North American rare igneous phosphate resource yielding high-purity phosphate with minimal impurities.
For additional information, please contact:
Bennett Kurtz
CFO, CAO
bennett@firstphosphate.com
Tel : +1 (416) 200-0657
Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com
Follow First Phosphate:
X: https://x.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate
Forward-Looking Information and Cautionary Statement
This release includes certain statements that may be deemed "forward-looking information". Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In particular, this press release contains forward-looking information relating to the Company's plans for vertical integration into North American supply chains, the commencement and completion of a 30,000-metre accelerated drill program at its Bégin-Lamarche property, the results of the drill program in relation to the Company's initial resource estimate and the confirmation of the final geological model for the property, the Company having a full and comprehensive understanding of the deposit after completion of the drill program, the scope and timing of the drill program, the continued availability of all drill permits and work authorizations, and the location and construction of the Company's secondary processing plant and LFP cathode active material production plant. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include development and exploration successes, continued availability of capital and financing, general economic, market or business conditions, relationships with and the performance of drilling contractors and subcontractors, exploration results, future plans and objectives of the Company, and economic, geopolitical and logistical matters relating to the processing and productions plants. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; there being no significant disruptions affecting the activities of the Company or inability to access required project inputs; permitting and development of the projects being consistent with the Company's expectations; the accuracy of the current mineral resource estimates for the Company and results of metallurgical testing; certain price assumptions for P2O5 and Fe2O3; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the Company's relationship with First Nations and other Indigenous parties remaining consistent with the Company's expectations; the Company's relationship with other third party partners and suppliers remaining consistent with the Company's expectations; and government relations and actions being consistent with Company expectations. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271118
FAQ
What is First Phosphate (FRSPF) drilling at Bégin‑Lamarche in October 2025?
How long is the mineralized zone First Phosphate will test at Bégin‑Lamarche (FRSPF)?
When will First Phosphate (FRSPF) complete the Bégin‑Lamarche drill program?
Is the Bégin‑Lamarche drill program by First Phosphate (FRSPF) funded?
How close is the Bégin‑Lamarche property to processing and port infrastructure for FRSPF?
Will First Phosphate (FRSPF) release a new resource estimate after the drill program?
