Friday, June 27, 2025

First Phosphate Enters MOU For Lithium Iron Phosphate CAM Manufacturing Operation

FULL DISCLOSURE: This is sponsored content for First Phosphate.

First Phosphate (CSE: PHOS) continues to push forward in its efforts to assist in developing a strong electric vehicle supply chain within North America. The firm this morning revealed it has entered into a memorandum of understanding for the development of intermediates used within the production of lithium iron phosphate-based cathode active material, which is intended for use within the growing battery market.

The memorandum of understanding, which is non-binding in nature, has been entered into with Sun Chemical Corporation, a subsidiary of DIC Group (TYO: 4631), a US$158 billion Japan-based chemicals company. Sun Chemical is a leading North American producer of inorganic pigments, which uses the same processes for manufacturing as that of co-precipitation based cathode materials.

READ: First Phosphate Enters MOU For Production Of Up To 40,000 Tonnes of LFP Cathode Active Material

“Much of the machinery used in the pigment industry is similar to that required for the production of iron phosphate and iron-oxide which are key intermediates for LFP CAM. The processes, the attention to detail, the experience required is similar across both industries. Moreover, Sun Chemical also benefits from an extensive network of facilities and equipment across North America which should allow us to accelerate production of LFP CAM while benefiting from reduced outlay of capex,” commented First Phosphate CEO John Passalacqua.

The agreement entered into with Sun will see phosphate material provided by First Phosphate and its partners for the production of iron phosphate and lithium iron phosphate within North America. The arrangement is also set to include the investigation of the best source of iron to use in the synthesis process using the networks of both companies.

READ: First Phosphate Receives Letter Of Interest For $170 Million In Funding From Export-Import Bank Of US

The duo may also jointly develop a grant application for the U.S. Department of Energy, which would be made in tandem with committed offtake from prospective customer of First Phosphate.

“Sun Chemical is pleased that First Phosphate will increase the North American supply of battery-quality phosphoric acid, a critical component of iron phosphate, and ultimately of lithium iron phosphate-based cathode materials. Sun Chemical is pleased to work with First Phosphate to qualify it for use in its developing battery materials portfolio,” commented Robert Schwartz, CTO of Sun Chemical.

First Phosphate last traded at $0.30 on the CSE.


FULL DISCLOSURE: First Phosphate is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Phosphate. The author has been compensated to cover First Phosphate on The Deep Dive, with The Deep Dive having full editorial control. 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.

Video Articles

Why This “Unknown Metal” Is Suddenly Essential For Defense & Tech | Antimony Resources

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Recommended

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Emerita Resources Formally Appeals Administrative Ruling On Aznalcóllar Related To 2017 Complaint 

Related News

First Phosphate Enters LOI For Rapidwall Manufacturing Plant To Utilize Gypsum Bi-Product

First Phosphate (CSE: PHOS) continues to build out its supply chain, announcing this morning that...
Wednesday, May 8, 2024, 10:20:02 AM

First Phosphate Reports Grab Sample Assays As High As 20.52% Phosphate

The latest assay results are in for First Phosphate related to a recent surface sampling...

Wednesday, February 8, 2023, 08:49:17 AM

First Phosphate & Arianne Phosphate: Same Mineral, Different Strategies – And Costs

FULL DISCLOSURE: First Phosphate is a client of Canacom Group, the parent company of The...

Sunday, April 23, 2023, 11:43:36 AM

First Phosphate Signs New Quebec Plant for Iron Phosphate Production

FULL DISCLOSURE: The Deep Dive is long the equity of First Phosphate. First Phosphate Corp...

Monday, September 9, 2024, 08:15:00 AM

First Phosphate: New Report Suggests Flagship Property Holds ESG-Compliant Source Of Phosphate For LFP Battery Industry

First Phosphate Corp (CSE: PHOS) has received a research report from Queen’s University that suggests...

Tuesday, March 14, 2023, 11:22:30 AM