First Phosphate Appoints Former Environment Minister Peter Kent As President
First Phosphate announced on Wednesday that it is appointing Peter Kent as the company president. The former Canadian Member of Parliament for Thornhill also served as Minister of the Environment under former Prime Minister Stephen Harper’s cabinet.
“Peter’s decades of experience and unique blend of knowledge, insight, and dedication will be integral to the Company as we continue our growth trajectory to become a leading phosphate producer with a high-purity, ESG-compliant resource,” said CEO John Passalacqua.
The company added that as Environment Minister, Kent “was committed to responsible resource development and oversaw improvements to the environmental assessment process for Canadian mining projects.”
“Canada has an opportunity to be a global leader in the sustainable automotive ecosystem through a consistent and secure battery grade phosphate supply source right here in Quebec,” said Kent in a statement.
Prior to politics, Kent was a broadcast journalist at various media outlets, including CTV and CBC.
He previously joined the firm’s board as a director when the company held its annual meeting back in August.
The mining firm also recently announced its partnership to determine the economic viability of the Lac à l’Orignal deposit as a source of clean phosphate. The resource is meant to supply the Lithium Iron Phosphate (“LFP”) battery industry for electric vehicles.
FULL DISCLOSURE: First Phosphate is a long investment of Canacom Group, the parent company of The Deep Dive. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
