First Phosphate Corp.

First Phosphate Corp. is a Canadian critical-minerals company focused on developing high-purity igneous phosphate assets in the Saguenay–Lac-Saint-Jean region of Quebec to supply the North American lithium iron phosphate (LFP) battery industry. The company’s flagship Bégin-Lamarche deposit has a completed Preliminary Economic Assessment (December 2024) and an updated NI 43-101 mineral resource estimate, with a 23-year mine life projected to produce 900,000 tonnes per year of phosphate concentrate at 40% P2O5 and 380,000 tonnes of magnetite annually.

First Phosphate is pursuing vertical integration across the LFP supply chain, having successfully completed pilot-scale production of phosphate concentrate, merchant-grade phosphoric acid (MGA), battery-grade purified phosphoric acid (PPA), iron powder (via GKN Hoeganaes), and commercial-grade LFP 18650 battery cells using North American-sourced critical minerals. The company has received a $16.7 million contribution from the Government of Canada and holds a technology licensing agreement with Prayon Technologies of Belgium for PPA processing.

Near-term catalysts include ongoing infill drilling at Bégin-Lamarche, advancement of the Lac à l’Orignal and Bluesky land package properties, and progression toward a feasibility study and permitting for mine construction. The company trades on the CSE under the symbol PHOS and on the OTCQX as FRSPF.