Latest news with #FirstPhosphate
Malay Mail
11 hours ago
- Business
- Malay Mail
First Phosphate Announces Advanced Metallurgical Testing, Surface Stripping and Channel Sampling
Saguenay, Quebec - Newsfile Corp. - June 25, 2025 - First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that a 5,000-kilogram bulk sample has been drilled and collected at its Bégin-Lamarche phosphate project, located in the Saguenay-Lac-Saint-Jean region of Quebec, purpose of the bulk sample is to conduct advanced metallurgical testing to refine the process for recovery of apatite (phosphate), magnetite (iron), and ilmenite (titanium).This work follows the successful preliminary metallurgical testing conducted in June 2023, which confirmed the positive recovery of the targeted minerals. These tests demonstrated the technical feasibility of processing the ore at small scale and have provided the foundation to proceed to this next semi-industrial stage. Details on the earlier small-scale pilot plant are available at: The Company now intends to scale its pilot process to validate flowsheet performance in a semi-industrial setting, to optimize process parameters, and to generate technical data to support future economic and feasibility studies.2,000 kilograms of the current sample were sourced from the Company's Begin-Lamarche project's Northern Zone, 2,000 kilograms from its Mountain Zone and 1,000 kilograms from its Southern Zone. The Preliminary Economic Assessment ("PEA") for the Bégin-Lamarche property indicates that phosphate mining operations will begin in the higher-grade Northern and Mountain Zones for the first 10 years of production."The success of the 2023 pilot tests confirmed the potential of our project to efficiently produce critical minerals essential to the energy transition. Advancing to semi-industrial scale is a key step toward developing a robust industrial process," said John Passalacqua, CEO of First metallurgical testing is being conducted under the supervision of SGS Canada Inc., at their facility in Québec City, Canada in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. An updated technical report will be issued following the completion of the pilot plant Phosphate also carried out two surface stripping on the Northern and Southern Zones. The objective was to gain a better understanding of the geology and location of the mineralized zones, as well as to validate the interpretations from prior drill campaigns. Mapping and channel sampling was completed on the exposed surfaces. Stripping in the Northern Zone revealed oxide-apatite-bearing ultramafic rock containing an average of 20% apatite (phosphate mineral), and up to 45% apatite locally. Stripping in the Southern Zone revealed a troctolite assemblage containing 10-15% apatite and oxide-apatite-bearing ultramafic rock containing 25% apatite. Surface observations have confirmed the geological model interpreted from the earlier drilling view this video? Visit:First Phosphate will be carrying out a series of site visits this year to the Bégin-Lamarche project site for interested investors and partners. Parties interested in participating, please reach out to us via our scientific and technical disclosure for First Phosphate included in this news release has been reviewed and approved by Gilles Laverdière, Mr. Laverdière is Chief Geologist of First Phosphate and a Qualified Person under National Instrument 43-101 -("NI 43-101").The Company has engaged Connect 4 Marketing Ltd. ("Connect4") to provide digital marketing and communications services to the Company. The services will include continuing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting and corporate video dissemination. The term of the agreement with Connect4 is for a period of 6 month period beginning July 1, 2025. Connect4 is based in Brossard, Quebec, Canada and can be reached at (514) 970-1316. The cash compensation for the engagement is $12, Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company's vertically integrated approach connects sustainable phosphate mining in Quebec with North American battery supply chains, targeting the energy storage, data center, robotics, mobility, and defense sectors. First Phosphate's flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is one of North America's rare igneous phosphate resources, yielding high-purity phosphate with minimal KurtzChief Financial Officer [email protected] Tel: +1 (416) 200-0657Investor Relations: [email protected] Media Relations: [email protected] Website: X: LinkedIn: -30- The issuer is solely responsible for the content of this announcement. About First Phosphate Corp.
Yahoo
11 hours ago
- Business
- Yahoo
First Phosphate Announces Advanced Metallurgical Testing, Surface Stripping and Channel Sampling
Saguenay, Quebec--(Newsfile Corp. - June 25, 2025) - First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that a 5,000-kilogram bulk sample has been drilled and collected at its Bégin-Lamarche phosphate project, located in the Saguenay-Lac-Saint-Jean region of Quebec, Canada. The purpose of the bulk sample is to conduct advanced metallurgical testing to refine the process for recovery of apatite (phosphate), magnetite (iron), and ilmenite (titanium). This work follows the successful preliminary metallurgical testing conducted in June 2023, which confirmed the positive recovery of the targeted minerals. These tests demonstrated the technical feasibility of processing the ore at small scale and have provided the foundation to proceed to this next semi-industrial stage. Details on the earlier small-scale pilot plant are available at: The Company now intends to scale its pilot process to validate flowsheet performance in a semi-industrial setting, to optimize process parameters, and to generate technical data to support future economic and feasibility studies. 2,000 kilograms of the current sample were sourced from the Company's Begin-Lamarche project's Northern Zone, 2,000 kilograms from its Mountain Zone and 1,000 kilograms from its Southern Zone. The Preliminary Economic Assessment ("PEA") for the Bégin-Lamarche property indicates that phosphate mining operations will begin in the higher-grade Northern and Mountain Zones for the first 10 years of production. "The success of the 2023 pilot tests confirmed the potential of our project to efficiently produce critical minerals essential to the energy transition. Advancing to semi-industrial scale is a key step toward developing a robust industrial process," said John Passalacqua, CEO of First Phosphate. The metallurgical testing is being conducted under the supervision of SGS Canada Inc., at their facility in Québec City, Canada in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. An updated technical report will be issued following the completion of the pilot plant trials. Surface Stripping and Channel Sampling First Phosphate also carried out two surface stripping on the Northern and Southern Zones. The objective was to gain a better understanding of the geology and location of the mineralized zones, as well as to validate the interpretations from prior drill campaigns. Mapping and channel sampling was completed on the exposed surfaces. Stripping in the Northern Zone revealed oxide-apatite-bearing ultramafic rock containing an average of 20% apatite (phosphate mineral), and up to 45% apatite locally. Stripping in the Southern Zone revealed a troctolite assemblage containing 10-15% apatite and oxide-apatite-bearing ultramafic rock containing 25% apatite. Surface observations have confirmed the geological model interpreted from the earlier drilling campaigns. Cannot view this video? Visit: First Phosphate will be carrying out a series of site visits this year to the Bégin-Lamarche project site for interested investors and partners. Parties interested in participating, please reach out to us via our website. Qualified Person The scientific and technical disclosure for First Phosphate included in this news release has been reviewed and approved by Gilles Laverdière, Mr. Laverdière is Chief Geologist of First Phosphate and a Qualified Person under National Instrument 43-101 - Standards of Disclosure of Mineral Projects ("NI 43-101"). Investor Outreach Engagement The Company has engaged Connect 4 Marketing Ltd. ("Connect4") to provide digital marketing and communications services to the Company. The services will include continuing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting and corporate video dissemination. The term of the agreement with Connect4 is for a period of 6 month period beginning July 1, 2025. Connect4 is based in Brossard, Quebec, Canada and can be reached at (514) 970-1316. The cash compensation for the engagement is $12,330.00. About First Phosphate Corp. First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company's vertically integrated approach connects sustainable phosphate mining in Quebec with North American battery supply chains, targeting the energy storage, data center, robotics, mobility, and defense sectors. First Phosphate's flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is one of North America's rare igneous phosphate resources, yielding high-purity phosphate with minimal impurities. For additional information, please contact: Bennett KurtzChief Financial Officerbennett@ +1 (416) 200-0657 Investor Relations: investor@ Relations: media@ Follow First Phosphate:X: -30- Forward-Looking Information and Cautionary Statements This news release contains certain statements and information that may be considered "forward-looking statements" and "forward looking information" within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company's planned exploration and production activities; the properties and composition of any extracted phosphate; the Company's plans for vertical integration into North American battery supply chains; the Company's ability to refine the process for recovery of apatite (phosphate), magnetite (iron), and ilmenite (titanium); the Company's intentions to scale its pilot process and to validate flowsheet performance in a semi-industrial setting, to optimize process parameters, and to generate technical data to support future economic and feasibility studies; and the Company's proposed development of a robust industrial process. These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company's public disclosure record including the short form base prospectus dated June 5, 2024, as well as: there being no significant disruptions affecting the activities of the Company or inability to access required project inputs; permitting and development of the projects being consistent with the Company's expectations; the accuracy of the current mineral resource estimates for the Company and results of metallurgical testing; certain price assumptions for P2O5 and Fe2O3; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the Company's relationship with First Nations and other Indigenous parties remaining consistent with the Company's expectations; the Company's relationship with other third party partners and suppliers remaining consistent with the Company's expectations; and government relations and actions being consistent with Company expectations. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company's other documents filed with the Canadian and United States securities authorities, including without limitation the "Risk Factors" section of the Company's Management Discussion and Analysis dated January 29, 2025 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR at Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. To view the source version of this press release, please visit Sign in to access your portfolio
Malay Mail
10-06-2025
- Business
- Malay Mail
First Phosphate's White Paper on Securing North American Phosphate Supply for LFP Cathode Materials Receives "Met" Rating from Defense Industrial Base Consortium
First Phosphate's solution appears to be technically and economically viable and with Defense Production Act ("DPA") funding could become the first phosphate production facility strictly for LFP CAM in North America. The schedule/timeframe and cost rough order of magnitude ("ROM") are realistic and feasible as long as First Phosphate is able to secure the funding identified. DPA Title III funds are likely the most cost-effective, expedient, and practical alternative for the need. The domestic phosphate supply is primarily used for the food and fertilizer industries, and industry will likely not meet the needed capacity for the battery industry without DPA Title III assistance. DPA Title III funds are likely the most cost-effective, expedient, and practical alternative for the need. Phosphate, particularly for use in LFP CAM, is essential to national defense. Demand for LFP batteries is likely to continue to increase and having a domestic source greatly reduces dependency on China and their control over the LFP market. [email protected] 2 5 2 3 Saguenay, Quebec - Newsfile Corp. - June 10, 2025 - First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") announces that its recent white paper submission to the United States Department of Defense ("DoD") Defense Industrial Base Consortium ("DIBC") for securing a North American phosphate supply of lithium iron phosphate ("LFP") cathode active materials ("CAM") received a "Met" rating. A "Met" rating, which does not indicate the white paper has been selected for award at this time, means that the white paper is eligible for award for 36 months if the DoD has a need for the solution and funding becomes DIBC's rationale for the "Met" assessment is as follows:The DIBC Other Transaction Authority (OTA) aims to accelerate the DoD's access to commercial solutions for defense requirements. The DIBC OTA vehicle is utilized by the Manufacturing Capability Expansion and Investment Prioritization (MCEIP) directorate of the DoD, which addresses defense supply chain issues, industrial workforce development, critical production sustainability, commercialization of R&D efforts, and the rapid scaling of emerging technologies to build a robust, resilient Defense Industrial Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company's vertically integrated approach connects sustainable phosphate mining in Quebec with North American battery supply chains, targeting the energy storage, data center, robotics, mobility, and defense sectors. First Phosphate's flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is one of North America's rare igneous phosphate resources, yielding high-purity phosphate with minimal KurtzChief Financial OfficerTel: +1 (416) 200-0657Investor Relations: [email protected] Media Relations: [email protected] Website: X: LinkedIn: The issuer is solely responsible for the content of this announcement. About First Phosphate Corp.
Yahoo
10-06-2025
- Business
- Yahoo
First Phosphate's White Paper on Securing North American Phosphate Supply for LFP Cathode Materials Receives "Met" Rating from Defense Industrial Base Consortium
Saguenay, Quebec--(Newsfile Corp. - June 10, 2025) - First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") announces that its recent white paper submission to the United States Department of Defense ("DoD") Defense Industrial Base Consortium ("DIBC") for securing a North American phosphate supply of lithium iron phosphate ("LFP") cathode active materials ("CAM") received a "Met" rating. A "Met" rating, which does not indicate the white paper has been selected for award at this time, means that the white paper is eligible for award for 36 months if the DoD has a need for the solution and funding becomes available. The DIBC's rationale for the "Met" assessment is as follows: First Phosphate's solution appears to be technically and economically viable and with Defense Production Act ("DPA") funding could become the first phosphate production facility strictly for LFP CAM in North America. The schedule/timeframe and cost rough order of magnitude ("ROM") are realistic and feasible as long as First Phosphate is able to secure the funding identified. DPA Title III funds are likely the most cost-effective, expedient, and practical alternative for the need. The domestic phosphate supply is primarily used for the food and fertilizer industries, and industry will likely not meet the needed capacity for the battery industry without DPA Title III assistance. DPA Title III funds are likely the most cost-effective, expedient, and practical alternative for the need. Phosphate, particularly for use in LFP CAM, is essential to national defense. Demand for LFP batteries is likely to continue to increase and having a domestic source greatly reduces dependency on China and their control over the LFP market. The DIBC Other Transaction Authority (OTA) aims to accelerate the DoD's access to commercial solutions for defense requirements. The DIBC OTA vehicle is utilized by the Manufacturing Capability Expansion and Investment Prioritization (MCEIP) directorate of the DoD, which addresses defense supply chain issues, industrial workforce development, critical production sustainability, commercialization of R&D efforts, and the rapid scaling of emerging technologies to build a robust, resilient Defense Industrial Base. About First Phosphate Corp First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company's vertically integrated approach connects sustainable phosphate mining in Quebec with North American battery supply chains, targeting the energy storage, data center, robotics, mobility, and defense sectors. First Phosphate's flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is one of North America's rare igneous phosphate resources, yielding high-purity phosphate with minimal impurities. For additional information, please contact: Bennett KurtzChief Financial Officerbennett@ +1 (416) 200-0657 Investor Relations: investor@ Relations: media@ Follow First Phosphate: X: -30- Forward-Looking Information and Cautionary Statements This news release contains certain statements and information that may be considered "forward-looking statements" and "forward looking information" within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company's planned exploration and production activities; the properties and composition of any extracted phosphate; the Company's plans for vertical integration into North American supply chains, the Company's plans relating to the design, build, operation and maintenance of the Bégin-Lamarche Phosphate Mine (and the the possibility of eventual economic extraction of minerals from therefrom); the technical and economic viability of First Phosphate's solutions; any receipt of DPA funding including its approval, availability, amount (if any), and conditions; the development of an LFP cathode materials production facility; the applicability of the proposed technological process and any related advancements to LFP CAM and cost reductions; that the schedule and timeframe ROM will be realistic and feasible if funding is necessary funding; and the receipt of funding for the proposed activities on terms and conditions acceptable to the Company. These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company's public disclosure record including the short form base prospectus dated June 5, 2024, as well as: there being no significant disruptions affecting the activities of the Company or inability to access required project inputs; permitting and development of the projects being consistent with the Company's expectations; the accuracy of the current mineral resource estimates for the Company and results of metallurgical testing; certain price assumptions for P2O5 and Fe2O3; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the Company's relationship with First Nations and other Indigenous parties remaining consistent with the Company's expectations; the Company's relationship with other third party partners and suppliers remaining consistent with the Company's expectations; government relations and actions being consistent with Company expectations. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company's other documents filed with the Canadian and United States securities authorities, including without limitation the "Risk Factors" section of the Company's Management Discussion and Analysis dated January 29, 2025 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR at Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malay Mail
03-06-2025
- Business
- Malay Mail
First Phosphate Closes Final Tranche of Oversubscribed Private Placement
[email protected] Saguenay, Quebec - Newsfile Corp. - June 2, 2025 - First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) ("" or the "") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement financing (the ""), as further described in the Company's news releases dated May 9, 2025 and May 28, part of both tranches of the Offering, the Company raised a total of $3,517,519 through the issuance of 7,275,309 Flow-Through Shares at a price of $0.35 for gross proceeds of $2,773,858, and 2,124,747 Hard Dollar Units at a price of $0.35, comprised of 2,124,747 Common Shares and 1,062,373 Warrants, for gross proceeds of $743, with this Offering, the Company has raised to date a total of approximately $23.8 million in 7 management-led non-brokered private-placement financings since June the final tranche of the Offering, the Company raised a total of $1,126,365 through the issuance of 2,883,429 Flow-Through Shares for gross proceeds of $1,009,200, and 334,757 Hard Dollar Units, comprised of 334,757 Common Shares and 167,378 Warrants, for gross proceeds of $117, total, in connection with the Offering, the Company paid $800 in cash finder's fees, issued 471,152 Compensation Shares and advisory shares at a price of $0.35 per common share, and issued 444,867 Compensation Warrants, exercisable at a price of $0.50 per common share of the Company, until December 31, 2025, subject to an Accelerated Expiry Date. All securities issued under the Offering are subject to a four-month and one day statutory hold period in accordance with applicable securities laws. The Company intends to use the proceeds from the Offering as disclosed in the Company's press release dated May 9, 2025. Capitalized terms used in this news release and not defined herein have the meanings given to them in the Company's news release dated May 9, news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals. There can be no assurance that any further securities will be sold under Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company is committed to sustainable extraction and purification with a low anticipated carbon footprint. Its vertically integrated model connects phosphate mining directly into the supply chains of North American battery producers. First Phosphate's flagship project, the Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, contains rare igneous anorthosite rock that yields high-purity phosphate with minimal KurtzChief Financial OfficerTel: +1 (416) 200-0657Investor Relations: [email protected] Media Relations: [email protected] Website: X : LinkedIn: -30-THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES The issuer is solely responsible for the content of this announcement.
