- First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) applauded the focus on Quebec's phosphate reserves during the recent Canadian Federal Election Debate.
- The company's high-purity igneous phosphate claims in Quebec can support over 350 GWh of LFP battery production annually.
- First Phosphate is strategically positioned in Saguenay-Lac-Saint-Jean, Quebec, with advanced processing capabilities and robust infrastructure access.
During the Canadian Federal Election Debate held on April 17, 2025, in Montreal, Quebec, the discussion on the development of Quebec's clean igneous phosphate reserves was positively acknowledged. First Phosphate Corp (CSE: PHOS) (OTCQB: FRSPF) highlighted that the strategic importance of its Saguenay-Lac-St-Jean location was mentioned by Bloc Québécois Leader Yves-François Blanchet. He emphasized the substantial phosphate reserves in the region and the critical role of Port Saguenay.
First Phosphate currently controls over 1,000 square kilometers of high-purity igneous phosphate claims in Quebec. These reserves have the potential to support an annual production of 350 GWh of lithium iron phosphate (LFP) batteries. Notably, the company's phosphate ore is among the purest worldwide, allowing it to be refined without producing gypsum slag, a common byproduct of lower-grade phosphate ore processing.
The company's strategic advantages include advanced processing capabilities and full vertical integration from mining to LFP cathode active material production. This integration ensures supply chain traceability and security. Furthermore, First Phosphate benefits from strategic infrastructure located in Saguenay-Lac-St-Jean, such as a deep-sea port and rail connections to North American markets.
John Passalacqua, CEO of First Phosphate, commented on the significance of political acknowledgment for clean igneous phosphate during the national debate, which underscores its potential contribution to the development of Canadian industries and national priorities.
First Phosphate is committed to developing North America's supply chain for LFP batteries, crucial for automating manufacturing, AI, robotics, and energy storage, thereby reducing dependence on foreign materials.
