Canada Is Pouring Millions Into This Battery Mineral | John Passalacqua – First Phosphate

FULL DISCLOSURE: This is sponsored content for First Phosphate Corp..

In this conversation with John Passalacqua, CEO of First Phosphate Corp. (CSE: PHOS), we discuss the company’s latest $5 million non-repayable funding from Natural Resources Canada for road and power infrastructure at its Bégin-Lamarche project in Quebec. The funding comes on top of the earlier $16.7 million federal contribution and supports First Phosphate’s push to build a North American mine-to-market supply chain for LFP battery production.

John explains why infrastructure is now a key part of the story, how close the project is to highways, power, workforce, rail, and the Port of Saguenay, and why that matters for turning a critical minerals project into a real mine. We also get into Quebec’s fast-track permitting process, G7-level support, the company’s goal of reaching feasibility by late 2026 or early 2027, and the aggressive target of having an open-pit mine ready for 2029.

FULL DISCLOSURE: First Phosphate Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Phosphate Corp.. The author has been compensated to cover First Phosphate Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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