First Phosphate Applauds Canadian Federal Election Discourse on the Development of Quebec's Clean Igneous Phosphate Reserves
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 (CSE: PHOS) (OTCQB: FRSPF) ha evidenziato il riconoscimento delle riserve di fosfato igneo pulito del Quebec durante il dibattito elettorale federale canadese. La posizione strategica dell'azienda a Saguenay-Lac-St-Jean è stata sottolineata dal leader del Bloc Québécois, Yves-François Blanchet, che ha messo in rilievo le importanti riserve di fosfato della regione e l'importanza del porto di Saguenay.
L'azienda controlla oltre 1.000 km² di concessioni di fosfato igneo ad alta purezza in Quebec, con il potenziale di supportare una produzione annua di batterie LFP pari a 350 GWh. Il loro minerale di fosfato, tra i più puri al mondo, può essere raffinato senza generare scorie di gesso. I vantaggi di First Phosphate includono capacità di lavorazione avanzate, integrazione verticale completa dalla fase di estrazione alla produzione di materiale catodico LFP, e accesso a infrastrutture strategiche come porto profondo e collegamenti ferroviari.
First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) destacó el reconocimiento de las reservas limpias de fosfato ígneo de Quebec durante el debate electoral federal canadiense. La posición estratégica de la empresa en Saguenay-Lac-St-Jean fue reconocida por el líder del Bloc Québécois, Yves-François Blanchet, quien enfatizó las importantes reservas de fosfato de la región y la relevancia del puerto de Saguenay.
La compañía controla más de 1,000 km² de concesiones de fosfato ígneo de alta pureza en Quebec, con potencial para apoyar una producción anual de baterías LFP de 350 GWh. Su mineral de fosfato, uno de los más puros del mundo, puede refinarse sin generar escoria de yeso. Las ventajas de First Phosphate incluyen capacidades avanzadas de procesamiento, integración vertical completa desde la minería hasta la producción de material activo catódico LFP, y acceso a infraestructura estratégica como puerto de aguas profundas y conexiones ferroviarias.
First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF)는 캐나다 연방 총선 토론회에서 퀘벡의 청정 화성 인산염 매장량 인정을 강조했습니다. 사그네-라크 생장 지역에서의 회사의 전략적 위치는 블록 케벡와 지도자 이브-프랑수아 블랑셰가 인정했으며, 이 지역의 중요한 인산염 매장량과 사그네 항구의 중요성을 강조했습니다.
회사는 퀘벡에서 1,000평방킬로미터 이상의 고순도 화성 인산염 채굴권을 보유하고 있으며, 연간 350GWh 규모의 LFP 배터리 생산을 지원할 잠재력을 가지고 있습니다. 세계에서 가장 순수한 광석 중 하나인 이 인산염 광석은 석고 슬래그를 발생시키지 않고 정제할 수 있습니다. First Phosphate의 강점은 고급 가공 능력, 채굴부터 LFP 음극재 생산까지 완전한 수직 통합, 그리고 심해 항구 및 철도 연결 등 전략적 인프라 접근성입니다.
First Phosphate Corp (CSE : PHOS) (OTCQB : FRSPF) met en avant la reconnaissance des réserves propres de phosphate igné du Québec lors du débat électoral fédéral canadien. La position stratégique de l'entreprise à Saguenay-Lac-St-Jean a été soulignée par le chef du Bloc Québécois, Yves-François Blanchet, qui a insisté sur l'importance des réserves de phosphate de la région et du port de Saguenay.
L'entreprise contrôle plus de 1 000 km² de concessions de phosphate igné à haute pureté au Québec, avec un potentiel pour soutenir une production annuelle de batteries LFP de 350 GWh. Leur minerai de phosphate, parmi les plus purs au monde, peut être raffiné sans générer de laitier de gypse. Les atouts de First Phosphate incluent des capacités de traitement avancées, une intégration verticale complète de l'extraction à la production de matériau cathodique LFP, ainsi qu'un accès à des infrastructures stratégiques telles qu'un port en eau profonde et des connexions ferroviaires.
First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) hebt während der kanadischen Bundeswahl-Debatte die Anerkennung der sauberen magmatischen Phosphatreserven von Quebec hervor. Die strategische Position des Unternehmens in Saguenay-Lac-St-Jean wurde vom Bloc Québécois Vorsitzenden Yves-François Blanchet anerkannt, der die bedeutenden Phosphatreserven der Region und die Bedeutung des Hafens von Saguenay betonte.
Das Unternehmen kontrolliert über 1.000 km² hochreiner magmatischer Phosphatclaims in Quebec mit dem Potenzial, eine jährliche LFP-Batterieproduktion von 350 GWh zu unterstützen. Ihr Phosphaterz, eines der reinsten weltweit, kann ohne die Erzeugung von Gips-Schlacke verarbeitet werden. Zu den Vorteilen von First Phosphate zählen fortschrittliche Verarbeitungskapazitäten, vollständige vertikale Integration vom Bergbau bis zur Produktion von LFP-Kathodenmaterial und strategischer Infrastrukturzugang einschließlich Tiefseehafen und Bahnverbindungen.
- Controls 1,000 sq. km of high-purity phosphate claims supporting 350 GWh annual LFP battery production
- Strategic location with deep-sea port and rail access to global markets
- Completed key milestones including NI 43-101, PEA, and secured offtake agreements
- Unique processing capability without generating gypsum slag waste
- Full vertical integration from mining to LFP cathode material production
- None.
Saguenay, Quebec--(Newsfile Corp. - April 22, 2025) - First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") applauds dialogue on the development of Quebec's clean, igneous phosphate reserves during the Canadian Federal Election Debate held on April 17, 2025 in Montreal, Quebec, Canada.
During the debate, while being questioned on critical mineral development in Canada, Yves-François Blanchet, Leader of the Bloc Québécois mentioned:
"Quebec has probably the most important clean phosphate reserves in North America [located] in Saguenay-Lac-St-Jean (Quebec). It is very important, It has to be exploited. This is the best way to use Port Saguenay as an infrastructure that we need."
Debate playback: https://www.youtube.com/watch?v=AtpA_i9M3-g&t=4169s
"Seeing phosphate discussed at the highest levels during a national election debate signifies political acceptance of the potential contribution of clean, igneous phosphate to the development of Canadian industries and national priorities," said John Passalacqua, CEO of First Phosphate. "It validates what we have been building towards diligently at First Phosphate for a long time… a fully integrated resilient North American supply chain for phosphate-based lithium iron phosphate (LFP) batteries, which are crucial for the automization of manufacturing, AI, robotics and energy storage."
Phosphate (apatite) was added to the Critical Minerals List of Quebec in January, 2023:
https://firstphosphate.com/PhosphateQuebec
Phosphate (phosphorous) was added to the Critical Minerals list of Canada in June 2024:
https://firstphosphate.com/PhosphateCanada
The Company believes that developing Canada's phosphate resources will create significant economic benefits, including job creation in Saguenay-Lac-Saint-Jean (Quebec), technological innovation, and enhanced national security through supply chain resilience.
First Phosphate Strategic Advantages
- High-Purity Phosphate Resource
The Company holds over 1,000 sq. km of rare, high-purity igneous phosphate claims in Quebec, capable of supporting over 350 GWh of LFP battery production annually. Its phosphate ore is amongst the purest in the world and is naturally low in deleterious elements and can be mined without solvents.
- Advanced Processing
First Phosphate's high-purity phosphate ore can be fully and sustainably refined into battery-grade material without generating gypsum slag piles, a common byproduct when processing lower grade and lower yielding phosphate ores. - Full Vertical Integration
The Company is uniquely positioned to manage the full value chain-from mining to phosphate processing to LFP cathode active material (CAM) production-ensuring supply traceability, quality control, and supply security. - Strategic Location & Infrastructure
Located in the industrial hub of Saguenay-Lac-Saint-Jean, Quebec, operations benefit from a skilled workforce, regional airport, deep-sea port to global markets, and rail access to North American markets. - Strong Partnerships
First Phosphate is co-developing its supply chain with major partners in the phosphate, iron and LFP battery supply chain, and has established collaborative agreements with local industrial and Indigenous communities. - Advanced Development Milestones
Achievements include a NI 43-101 Technical Report, Preliminary Economic Assessment (PEA), and pilot plants for mineralogy/metallurgy, phosphoric acid, gypsum valorization, and iron powder. Phosphoric acid plant prefeasibility study completed as well as iron phosphate plant feasibility study. Offtake agreements in place.
First Phosphate Logistical Advantage in Saguenay-Lac-St-Jean, Quebec, Canada
Full corporate video available at:
https://www.firstphosphate.com/BeginLamarche3D
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/249221_e561e576f497d89b_001full.jpg
By securing a reliable domestic LFP battery supply chain, First Phosphate aims to empower North American manufacturers to reduce dependence on foreign materials and to lead the next generation of automated, robotic supply chains with confidence.
About First Phosphate Corp.
First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company is committed to sustainable extraction and purification with a low anticipated carbon footprint. Its vertically integrated model connects phosphate mining directly into the supply chains of North American battery producers. First Phosphate's flagship project, the Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, contains rare igneous anorthosite rock that yields high-purity phosphate with minimal impurities.
For additional information, please contact:
Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
+1 (416) 200-0657
Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
www.FirstPhosphate.com
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Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered "forward-looking statements" and "forward looking information" within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company's planned exploration and production activities; the properties and composition of any extracted phosphate; the Company's plans for vertical integration into North American supply chains and its ability to ensure supply chain security, transparency and sovereignty; the Company's future plans relating to the design, build, operation and maintenance of the Bégin-Lamarche Phosphate Mine (and the possibility of eventual economic extraction of minerals from the therefrom); contribution of clean, igneous phosphate to the development of Canadian industries and national priorities the role of LFP batteries in the automization of manufacturing, AI, robotics and energy storage; the extent of any economic benefits from the development of Canada's phosphate resources, including job creation in Lac-Saint-Jean), technological innovation, and enhanced national security through supply chain resilience; the Company refining and processing phosphate, supplying LFP battery materials including LFP and CAM and managing the full value chain; co-development with the Company supply chain with major partners; and empowering North American manufacturers to reduce dependence on foreign materials and to lead the next generation of automated, robotic supply chains with confidence.
These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company's public disclosure record including the short form base prospectus dated June 5, 2024, as well as: 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.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company's other documents filed with the Canadian and United States securities authorities, including without limitation the "Risk Factors" section of the Company's Management Discussion and Analysis dated January 29, 2025 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249221
FAQ
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