First Phosphate Corp Stock Price, News & Analysis

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.

First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) has announced two research reports from Queen's University and Université de Québec à Chicoutimi focusing on the geological characterization of its Bégin-Lamarche phosphate deposit. The studies examine the Mountain, North and South Zones of the deposit, which is part of the Lac-Saint-Jean Anorthositic Suite, the world's largest anorthosite complex.

The research aims to describe and interpret the mineralogy, petrology, and geochemistry of these zones, with implications for supplying Lithium Ferro Phosphate (LFP) batteries. The company believes that Quebec igneous anorthosite phosphate rock could be a significant source of high purity phosphate for North America's LFP battery needs.

Additionally, First Phosphate has engaged Emerging Markets Consulting, for investor relations services in a 12-month contract worth USD $150,000, starting January 8, 2025.

First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) has announced the signing of two long-term offtake agreements with creditworthy partners for its future productions in Saguenay-Lac-St-Jean, Quebec. This strategic move aims to de-risk future projects and enhance their prospective financing. Additionally, the company is advancing to the next phase of discussions with the Pekuakamiulnuatsh First Nation regarding potential financial involvement, following their collaboration agreement signed on April 9, 2024.

The definitive terms of the offtake agreements will be finalized in separate agreements, with standard termination rights if product delivery deadlines aren't met. The commencement of industrial operations remains subject to permitting and financing conditions.

First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) has signed a technology license agreement with Prayon SA to produce merchant grade phosphoric acid (MGA) from igneous apatite phosphate rock. The agreement enables the construction of a manufacturing plant in Canada with a daily production capacity of 600 metric tons of P2O5. The company has selected Ballestra S.pA. for engineering services and maintains its sulfuric acid supply agreement with Norfalco-Glencore. The facility will have the capability to convert approximately 500,000 tonnes per annum of igneous apatite into upwards of 190,000 annual tonnes of value-added phosphoric acid.

First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) has announced two new investor relations engagements. The company has hired Capital Analytica for a six-month period starting November 20, 2024, for CAD $120,000, to provide social media consultation, sentiment reporting, forum monitoring, and investor relations services. Additionally, First Phosphate has engaged OGIB Corporate Bulletin for a six-month marketing agreement starting November 20, 2024, for CAD $40,000. Both companies are based in British Columbia and operate at arm's length from First Phosphate, with no current ownership of company securities.

GKN Hoeganaes and First Phosphate (FRSPF) announced a strategic collaboration to establish a North American supply chain for lithium iron phosphate (LFP) batteries. The partnership follows GKN's successful integration of First Phosphate's magnetite into its Ancorsteel melting process, producing high-purity iron powder for LFP battery components. First Phosphate plans to integrate Ancorsteel into its upcoming production facility in Quebec, targeting 400,000 tonnes per annum by 2032. GKN Hoeganaes will support this initiative through its Gallatin, Tennessee plant and R&D facilities in New Jersey, focusing on developing sustainable, domestically-sourced LFP battery materials.

First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) has announced the commencement of trading on the OTCQB Venture Market under the symbol FRSPF. The company also achieved DTC eligibility, enabling electronic clearing and settlement of shares in the United States through the Depository Trust Company. These developments are expected to enhance share liquidity, simplify trading processes, and provide investors with benefits including efficient trading, transparent pricing with real-time quotes, and trusted disclosure. The OTCQB listing is recognized by the SEC and operated by OTC Markets Group.

First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) announces the publication of a peer-reviewed research note by Queen's University and Université de Québec à Chicoutimi comparing igneous phosphate ore bodies worldwide. The study includes First Phosphate's Bégin-Lamarche property, analyzing ore grades, beneficiated phosphate concentrate levels, and mining operations.

Key findings:

• First Phosphate's Bégin-Lamarche property in Quebec shows potential to produce a high-quality phosphate concentrate with 40.9 wt.% P2O5, above the global average of 36.9 wt.% for igneous ore.
• The property's phosphate layer is found close to the surface (~6.5 m), suggesting a prospective location for open-pit mining.
• First Phosphate believes Quebec igneous anorthosite phosphate rock could be a source of high purity phosphate for North America's LFP battery needs.

First Phosphate Corp (CSE: PHOS) (OTC: FRSPF) has secured a facility lease for a 10,000-tonne per annum iron phosphate cathode active material pre-cursor (pCAM) plant in Saguenay, Quebec. The First Saguenay plant is expected to create about 100 high-tech jobs and is supported by local economic development organizations. The facility, located at 5373 Chemin Saint-Anicet, La Baie, Quebec, will be retrofitted with an estimated investment of USD $65 million. The 10-year lease is conditional on financing arranged by April 30, 2025.

First Saguenay is strategically positioned 20 km from the deep-sea port of Saguenay and is connected to the Canadian National Railway network. The plant is part of First Phosphate's plan to establish a fully integrated LFP battery supply chain in North America, with initial production anticipated for Q1 2026.