FULL DISCLOSURE: This is sponsored content for First Phosphate.
First Phosphate (CSE: PHOS) continues to see success in its pilot project initiative, reporting this morning that it has successfully created purified phosphoric acid, or PPA, from phosphate concentrate generated from one of its projects.
“Our full transformation process from Quebec igneous phosphate rock to PPA for LFP batteries is now complete. We can now engage our partners to begin the pilot process of producing LFP cathode active material and LFP battery cells from a fully North American source of battery-grade PPA,” commented CEO John Passalacqua on the major milestone.
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The successful creation of purified phosphoric acid follows the company in September seeing Prayon successfully transform its phosphate concentrate into merchant grade phosphoric acid, which was conducted at Prayon’s facilities in Belgium. The second stage of the process to transform into the PPA has now been successful, with the process utilizing food grade / battery grade specifications from Prayon.
The company now intends to continue on the LFP battery supply chain path, with First Phosphate aiming to begin a pilot program that will see its PPA utilized for the creation of LFP cathode active material and LFP battery cells.
READ: First Phosphate Reveals 25,000 Metre Drill Program For Begin-Lamarche
The results follow First Phosphate at the end of January revealing it would be conducting a massive 25,000 metre drill program at its Begin-Lamarche project in the Saguenay-Lac-St-Jean region of Quebec. The program will aim to enable the establishment of a maiden resource estimate, in advance of a preliminary economic assessment. Drilling is set to take place along a 3 kilometre strike, aiming to confirm the full extension of the known phosphate layers.
First Phosphate last traded at $0.295 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.
