Saguenay

First Phosphate Drills a 2 m Vein of Massive Apatite at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada

Retrieved on: 
Tuesday, April 2, 2024
Saguenay, Apatite, Phosphate, OTC, See, Atomic mass, PO4, Critical, Road

In total 16,435 m of drilling have been completed to date and assays have now been returned for 5,642 m since drilling began in February 2024.

Key Points: 
  • In total 16,435 m of drilling have been completed to date and assays have now been returned for 5,642 m since drilling began in February 2024.
  • Phosphate Mountain Zone: Hole BL-24-82 intersected 2 m of massive apatite while other drill holes in this zone continued to yield core results of 30%+ apatite.
  • "The Mountain and Northern Zones show high-grade phosphate on surface while the Southern Zone shows large tonnage potential over a strike length of 1.5 km."
  • Apatite is very common as an accessory mineral in igneous and metamorphic rocks where it is the most common phosphate mineral form to be found.

First Phosphate and Craler Sign MOU for the Development of Global Logistical Competencies to and from the Saguenay-Lac-St-Jean region of Quebec, Canada

Retrieved on: 
Wednesday, February 28, 2024
Carbon footprint, TFI, OTC, TSX, Phosphate, First, Carbon, Consultant, Indian stock exchange, Rest, Saguenay, TFI International, Saguenay–Lac-Saint-Jean, Movement, Lithium, Security (finance)

"Smart logistics can lead to cost-savings, reduction of carbon footprint and satisfied clients in the automobile and stationary energy storage industries across North America."

Key Points: 
  • "Smart logistics can lead to cost-savings, reduction of carbon footprint and satisfied clients in the automobile and stationary energy storage industries across North America."
  • First Phosphate and Craler are to work together to make the economic, social and job creation benefits of their arrangement known to the Quebec, Canadian and US governments.
  • The Company has also granted 440,400 restricted share units of the Company ("RSUs") to two eligible consultants of the Company.
  • All securities issued are subject to a hold period of four months plus one day from the date of issuance.

First Phosphate Project Receives Letter of Support from Mario Simard, Canadian Parliamentary Deputy for the Riding of Jonquière, Québec

Retrieved on: 
Thursday, February 22, 2024
Natural Resources, Bloc, Committee, Mining, OTC, Phosphate, Letter, LFP, Climate change, Saguenay, MP, Parliament, Lithium

Mario Simard, Member of Parliament (BQ) for the Riding of Jonquière, Québec.

Key Points: 
  • Mario Simard, Member of Parliament (BQ) for the Riding of Jonquière, Québec.
  • Mr. Simard, first elected to Canadian parliament in 2019, is the vice-chair of the Standing Committee on Natural Resources and is the critic for natural resources for the Bloc Québécois.
  • They provide the electric vehicle sector with environmentally-friendly batteries through their production process powered by our clean Quebec hydroelectric grid."
  • "This is why, as MP for the federal riding of Jonquière, I support a project as important as that of First Phosphate for the development of LFP battery in the Saguenay-Lac-Saint-Jean region."

First Phosphate Provides Update on Plans for a Purified Phosphoric Acid Plant at Port Saguenay, Quebec

Retrieved on: 
Tuesday, February 20, 2024
FCC, OTC, Phosphate, Federation, Commerce, PPA, LFP, Exim Bank, Ecosystem, Port, Saguenay, Phosphorus

Saguenay, Quebec--(Newsfile Corp. - February 20, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to update the market on its plans for a purified phosphoric acid ("PPA") plant at the Port of Saguenay and the development of the North American lithium iron phosphate ("LFP") battery valley in the Saguenay-Lac-Saint-Jean Region of Quebec.

Key Points: 
  • Saguenay, Quebec--(Newsfile Corp. - February 20, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to update the market on its plans for a purified phosphoric acid ("PPA") plant at the Port of Saguenay and the development of the North American lithium iron phosphate ("LFP") battery valley in the Saguenay-Lac-Saint-Jean Region of Quebec.
  • Mr. Passalacqua provided a further update to the FCC-SLSJ on February 8, 2024.
  • Building a PPA plant and an LFP battery ecosystem for North America is a major undertaking.
  • The Company negotiated agreements with various LFP production technology providers for downstream offtake for its PPA production and to service various LFP market segments:

Organization in Saguenay creating inclusive skills training for Canadians living with ADHD

Retrieved on: 
Friday, March 1, 2024
Skill, Disability, Woman, Social change, Emotion, Person, Indigenous peoples, Workplace, Attention deficit hyperactivity disorder, Investment, Work, Growth, Languages of Ethiopia, Problem solving, Language, Parent, Government, Success, Learning, Life, Communication, Gross domestic product, Literacy, GDP, Saguenay, Memory, Creativity, Employment, ADHD, Social, Workforce, Nursing

That is why the Government is investing in projects that will help Canadians improve their foundational and transferable skills.

Key Points: 
  • That is why the Government is investing in projects that will help Canadians improve their foundational and transferable skills.
  • The Government of Canada's Skills for Success Program focuses on nine main skills that Canadians need to participate, adapt and thrive in learning, work and life.
  • "Investing in innovating and caring associations, such as PANDA, is key to creating accessible and innovative training opportunities for all Canadians.
  • With the Bambooza training platform, funded through Employment and Social Development's Skills for Success program, we're helping Canadians with ADHD develop the best strategies for the workplace."

First Phosphate and Integrals Power sign Joint Development Agreement to Produce Environmentally Compliant Battery Grade Iron III Phosphate Precursor for the LFP Battery Industry

Retrieved on: 
Thursday, February 15, 2024
Iron(III) phosphate, Research, USD, OTC, Phosphate, LFP, Lithium carbonate, Joint, Saguenay, IPL

Iron phosphate is a manufactured substance used as a base precursor in the traditional production of LFP cathode active material ("CAM") in China.

Key Points: 
  • Iron phosphate is a manufactured substance used as a base precursor in the traditional production of LFP cathode active material ("CAM") in China.
  • Iron phosphate is generally produced in China using iron sulfate and mono ammonium phosphate.
  • A new process for making iron phosphate precursor is required for the European and North American LFP battery industry, one which is compliant with applicable environmental standards.
  • The parties agree to undertake an initial phase of joint development of the technology needed to produce the iron phosphate precursor for LFP CAM.

First Phosphate Corp. Completes Pilot Production of LFP Battery-Grade Purified Phosphoric Acid

Retrieved on: 
Tuesday, February 13, 2024
MGA, OTC, Phosphate, PPA, Cell, LFP, Saguenay, Phosphorus

Saguenay, Quebec--(Newsfile Corp. - February 13, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce success in its pilot project to transform its high purity phosphate concentrate into battery-grade purified phosphoric acid ("PPA") for the lithium iron phosphate (LFP) battery industry.

Key Points: 
  • Saguenay, Quebec--(Newsfile Corp. - February 13, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce success in its pilot project to transform its high purity phosphate concentrate into battery-grade purified phosphoric acid ("PPA") for the lithium iron phosphate (LFP) battery industry.
  • On September 6, 2023, the Company announced that Prayon Technologies SA had been successful in transforming First Phosphate's phosphate concentrate into high quality merchant grade phosphoric acid ("MGA").
  • The full pilot process installation involving the transformation of the Company's phosphate concentrate into PPA is viewable at: www.firstphosphate.com/phosphoricacid
    "Our full transformation process from Quebec igneous phosphate rock to PPA for LFP batteries is now complete," says First Phosphate CEO, John Passalacqua.
  • "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."

First Phosphate Announces Launch of 25,000 m Drill Campaign at its Bégin-Lamarche Project

Retrieved on: 
Wednesday, January 31, 2024
First Nations, Workforce, OTC, Saguenay, Phosphate, PEA, Uranium mining

Saguenay, Quebec--(Newsfile Corp. - January 31, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that it will undertake a 25,000 m drill program at its Bégin-Lamarche Project.

Key Points: 
  • Saguenay, Quebec--(Newsfile Corp. - January 31, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that it will undertake a 25,000 m drill program at its Bégin-Lamarche Project.
  • "The upcoming drill program at Bégin-Lamarche is all encompassing and should confirm the full extension of the known phosphate layers across a strike length at surface of over 3 kilometers," explained First Phosphate CEO, John Passalacqua.
  • "In our experience, proximity to port and access to infrastructure and workforce are the single largest determinants of the economic viability of any phosphate project.
  • The program will start in the coming weeks with 3 drill rigs with one drill rig being mobilized per week.

First Phosphate, American Battery Factory and Integrals Power Sign MOU to Produce LFP Cathode Active Material and Battery Cells in North America

Retrieved on: 
Thursday, January 25, 2024
LFP, Saguenay, LFF, Kilowatt-hour, Cell, OTC, IPL, Phosphate, ABF, United States Army, Electric battery

The initiative ("LFP Project America") is to support ABF's eventual need for up to 40,000 tonnes of annual fully localized LFP CAM for LFP battery cell production in North America by 2028.

Key Points: 
  • The initiative ("LFP Project America") is to support ABF's eventual need for up to 40,000 tonnes of annual fully localized LFP CAM for LFP battery cell production in North America by 2028.
  • LFP Project America aims to eventually localize the entire production supply chain of LFP CAM, LFF battery cells storage devices for the battery storage sector to North America.
  • After the successful pilot for LFP Project America has been completed, the three parties will work together to build a North American supply plant to supply LFP CAM to ABF.
  • ABF intends to construct several other LFP battery manufacturing facilities across North America, each of which should require a similar amount of LFP CAM.

First Phosphate Announces Closing of the Third and Final Tranche of Oversubscribed Private Placement Financing for Total Gross Proceeds of $8.2 Million

Retrieved on: 
Monday, January 22, 2024
Saguenay, Sale, OTC, Offering, Workforce, Phosphate, Exercise, News

Under the Third Tranche, the Company issued 1,768,250 Hard Dollar Units for gross proceeds of $707,300 raising the aggregate proceeds from the three tranches of the Offering to $8,223,475.20.

Key Points: 
  • Under the Third Tranche, the Company issued 1,768,250 Hard Dollar Units for gross proceeds of $707,300 raising the aggregate proceeds from the three tranches of the Offering to $8,223,475.20.
  • In our experience, proximity to port and access to infrastructure and workforce are the single largest determinants for the economic viability of any phosphate project.
  • The Company intends to use the proceeds from the Offering as disclosed in the Company's press release dated December 14, 2023.
  • All securities issued are subject to a hold period of four months plus one day from the date of issuance.