First Phosphate Corp.

First Phosphate Corp. is pleased to announce that it has signed a memorandum of understanding with Ultion Technologies Inc of Las Vegas, Nevada for the purchase of a non-exclusive, perpetual license to technology for the production of lithium iron phosphate and lithium iron manganese phosphate cathode active material . The LFP technology contemplated by this MOU is currently in production in two facilities, one with [...]

First Phosphate Corp. is pleased to announce that it has signed a memorandum of understanding with Lithium Australia Ltd. for the potential development of a lithium iron phosphate and lithium manganese iron phosphate cathode active material manufacturing plant in North America. LIT has developed proprietary technology to produce LFP / LMFP CAM through its wholly owned subsidiary VSPC Pty Ltd . LIT is seeking a partner to [...]

First Phosphate Corp. applauds proposed guidance on the clean vehicle provisions of the Inflation Reduction Act as released by the U.S. Department of the Treasury on December 1, 2023. "First Phosphate has always interpreted the spirit of the law with respect to the IRA since its inception," states CEO, John Passalacqua. "We have been working tirelessly over the last years to build a fully localized phosphate mine to [...]

As requested by staff of the Ontario Securities Commission, First Phosphate Corp. has filed an: amended and restated management's discussion and analysis related to its annual consolidated financial statements for the years ended February 28, 2023 and February 28, 2022, and the interim period ended May 31, 2023, amended and restated annual information form for the year ended February 28, 2023 , and amended and restated [...]

First Phosphate Corp. and Sun Chemical Corporation are pleased to announce a non-binding memorandum of understanding for the development of intermediates used for the manufacture of lithium iron phosphate-based cathode active material to support the developing North American battery market. Under this agreement, Sun Chemical will use its qualified North America facilities to manufacture iron phosphate using the phosphate [...]

First Phosphate Corp. applauds comments regarding the lithium iron phosphate battery supply chain in North America by Nobel Laureate, Stanley Whittingham, at the Benchmark Week 2023 conference held this week in Los Angeles, California. Benchmark Source reported that, "The US should work with Canada to build a regional supply chain for batteries and has 'everything it needs' to build cheaper lithium iron phosphate cells [...]

First Phosphate Corp. is pleased to announce that it has appointed Jérôme Cliche its Vice-President, Business Development. Mr. Cliche is experienced in the areas of corporate finance, strategic investment and corporate development. Mr. Cliche is the co-founder of Renmark Financial Communication, a Montreal based company offering a range of integrated services to small, medium, and large cap public companies trading on all [...]

First Phosphate Corp. is pleased to announce that, on September 26, 2023, it has received a letter of interest from the Export-Import Bank of the United States , where EXIM express that it would be able to provide financing in the amount of up to USD $170,000,000.00 to the Corporation. The LOI is in support of the procurement of U.S. goods and services by First Phosphate in Canada and is eligible for a maximum repayment [...]

First Phosphate Corp. is pleased to announce that, on September 13, 2023, it has entered into an agreement with American Battery Factory Inc. of Utah, USA to support production of up to 40,000 tonnes of annual fully North American manufactured lithium iron phosphate cathode active material . The initiative aims to bring production of LFP batteries for the battery storage sector to North America. The following mutually [...]

First Phosphate Corp. is pleased to announce it has filed on SEDAR+ its Preliminary Economic Assessment on the Lac à l'Orignal Property located 84 km northeast of Saguenay, Quebec, Canada. First Phosphate acquired and negotiated a 100% royalty free interest in the Property in 2022. The PEA provides a viable case for developing the Property by open pit mining for the primary production of a phosphate concentrate and [...]