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John Passalacqua on First Phosphate’s groundbreaking achievements in the phosphate mining industry

In an insightful interview with Tracy Weslosky of InvestorNews during PDAC 2024, John Passalacqua, CEO and Director of First Phosphate Corp. (CSE: PHOS), shared the company’s strategic priorities and groundbreaking achievements in the phosphate mining industry, particularly its specialization in the lithium iron phosphate (LFP) battery sector. Passalacqua highlighted that First Phosphate’s main objective at PDAC 2024 was to engage with government officials from various levels, emphasizing the event’s significance as a meeting point for leaders from Canada, the United States, and internationally. He also underscored the unique position of First Phosphate as the only company fully dedicated to extracting and purifying phosphate specifically for the LFP battery industry, a factor that significantly sets them apart from other phosphate mining operations that typically focus on fertilizer production.

One of the most compelling aspects of First Phosphate’s strategy is its focus on producing high-grade purified phosphoric acid from phosphate issued from volcanic rock, a process essential for manufacturing LFP batteries. Passalacqua proudly announced a recent milestone where the company successfully converted phosphate ore into phosphate concentrate and then into purified phosphoric acid in partnership with Prayon in Belgium. This achievement underlines First Phosphate’s capability to contribute significantly to the LFP market in North America, a market that is just beginning to emerge according to industry experts. Additionally, Passalacqua addressed the company’s financial strategy, noting a successful capital raise of $8.2 million against a target of $2 million and securing a $170 million line of credit with the Export–Import Bank of the United States (EXIM), reflecting strong investor confidence and strategic government backing for their initiatives.

First Phosphate’s recent announcement of signing a memorandum of understanding with Groupe Goyette for logistics at the Hébertville-Station intermodal facility in Quebec further illustrates their strategic approach to infrastructure and supply chain development. This agreement aims to facilitate rapid transportation for the company’s mining and industrial outputs, crucial for their clientele in the EV and energy storage sectors. The appointment of Armand MacKenzie as Vice-President, Government Relations, and the comprehensive plans for a purified phosphoric acid plant at Port Saguenay, Quebec, are testaments to the company’s ambitious roadmap towards establishing a robust LFP battery ecosystem in North America. These steps, coupled with strategic partnerships and significant project developments, position First Phosphate as a pivotal player in the LFP battery supply chain, contributing not only to the battery industry but also promising economic, social, and job creation benefits in the Quebec region.

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About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate materially devoid of high concentrations of harmful elements.

To learn more about First Phosphate Corp., click here

Disclaimer: First Phosphate Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.




John Passalacqua on First Phosphate’s Strategic Collaboration with Sun Chemical

In an Investor.Coffee interview series hosted by Jack Lifton, Co-Chairman of the Critical Minerals Institute (CMI), and guest John Passalacqua, CEO and Director of First Phosphate Corp.‘s (CSE: PHOS | FSE: KD0), Jack commends John for First Phosphate’s exceptional operation and strategic alliance recently announced with Sun Chemical Corporation.

The discussion includes details surrounding First Phosphates’ innovative approach to the mining and production of lithium iron phosphate (LFP) batteries.

John emphasized the importance of integrating the mining process within the supply chain for effective production. First Phosphate’s business model rests on three pillars: mining and producing phosphate concentrate, transforming this concentrate into purified phosphoric acid—a precursor to LFP batteries, and finally producing LFP cathode active material. The partnership with Sun Chemical is pivotal in this third stage. Sun Chemical, backed by the DIC Group with a substantial market cap, brings invaluable expertise in industrial production, similar to the requirements of the LFP industry.

Sun Chemical’s existing facilities in Michigan and globally offer significant advantages, such as saving time and capital expenditure, given the pre-existing infrastructure and logistics. This partnership allows First Phosphate to focus on technology selection, client engagement, and research and development. The collaboration addresses the unique challenges of producing LFP batteries in North America, including differing environmental standards and the need for localization.

Jack highlighted the growing market preference for LFP batteries, noting their ease of production compared to other types due to the lack of need for cobalt and nickel. He praised First Phosphate’s role in establishing a domestic supply chain for LFP cathode materials in the United States, potentially making them a key supplier for North American OEM automotive businesses. Jack remarked on the synergy between First Phosphate and Sun Chemical, where both parties contribute essential skills and resources.

John concluded by acknowledging his team’s hard work and the strong partnership with Sun Chemical, underscoring the mutual respect and collaboration driving the venture’s success.

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About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the LFP battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

To learn more about First Phosphate Corp., click here

Disclaimer: First Phosphate Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.




First Phosphate’s John Passalacqua on the significance of securing a LOI for $170M from EXIM

In a recent InvestorNews interview hosted by Tracy Weslosky, First Phosphate Corp.‘s (CSE: PHOS | FSE: KD0) CEO and Director, John Passalacqua, talks about their recent news release on securing a letter of interest for up to USD $170 million from the Export-Import Bank of the United States (EXIM). Highlighting the significance of this development, John explains how it aligns perfectly with the critical minerals strategy to produce phosphate and Lithium Iron Phosphate (LFP) batteries in North America.

John emphasized the non-dilutive nature of the EXIM financing and how the credit line is mostly guaranteed towards the purchase of US goods and services by First Phosphate to develop their project in Quebec, Canada.

The timing couldn’t be better, as First Phosphate recently signed an MOU with American Battery Factory Inc. for the onshoring of up to 40,000 tonnes of LFP Cathode Active Material production in North America. John explains how the EXIM line of credit will play a pivotal role in realizing their ambitious vision of producing LFP Cathode Active Material for North American battery manufacturers.

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About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

To learn more about First Phosphate Corp., click here

Disclaimer: First Phosphate Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.




Focused on a more sustainable future for North America’s LFP battery industry, First Phosphate receives an LOI for up to $170M from EXIM

The realm of lithium iron phosphate (LFP) batteries is evolving rapidly, with the focus shifting towards sustainable solutions and strategic planning. And First Phosphate Corp. (CSE: PHOS | FSE: KD0) has been making headlines recently, with strategic decisions and significant investments that stand to reshape the North American lithium iron phosphate (LFP) battery landscape. Here’s a quick roundup of what’s been happening:

A Potential $170M Financing Boost from EXIM:
The Export-Import Bank of the United States (EXIM) has shown its interest in First Phosphate by handing over a Letter of Interest (LOI). This LOI symbolizes potential financing to the tune of USD $170 million. The capital is earmarked for the purchase of equipment from the U.S. and developing a strategic reserve of purified phosphoric acid (PPA) – a critical ingredient for the burgeoning North American LFP battery industry. However, it’s worth noting that the LOI is not an assurance. EXIM will undertake a customary review before locking in any financing.

Teaming Up with American Battery Factory:
Diving deep into the LFP battery world, First Phosphate Corp. and American Battery Factory Inc. have joined forces. Their mission? To establish the production of up to 40,000 tonnes of LFP cathode active material (CAM) annually right here in North America. Set to go full throttle by 2028, this partnership sees First Phosphate at the heart of it, supplying essential raw materials and orchestrating logistics.

Economic Viability of Lac à l’Orignal Property:
Adding another feather to their cap, First Phosphate publicized its Preliminary Economic Assessment (PEA) for its property in Quebec – the Lac à l’Orignal. This study emphasizes the potential benefits of open pit mining with a prime focus on producing phosphate concentrate. Confirming their earlier disclosures in July 2023, this PEA (readily available on SEDAR+ and the company’s website) sheds light on the mineral resource potential of the site.

As First Phosphate Corp. solidifies its position in the Quebec landscape, their unwavering commitment to eco-conscious, superior phosphate supply chain promises a brighter, more sustainable future for North America’s LFP battery industry.




John Passalacqua of First Phosphate Discusses Advancing to PEA & Pilot Plant to Feed LFP Batteries

In this InvestorIntel interview, Tracy Weslosky talks with First Phosphate Corp.’s (CSE: PHOS | FSE: KD0) CEO and Director John Passalacqua about the significance of phosphate. As an essential mineral for humanity, with about 90% of its use dedicated to food production, John discusses the rapid growth in demand for phosphate in LFP (Lithium Iron Phosphate) batteries used in electric vehicles.

John also provides an update on First Phosphate’s deposit in the Saguenay-Lac-St-Jean Region of Quebec, Canada, and the tax benefits of being located in Quebec. The deposit hosts high-purity phosphate material, devoid of concentrations of deleterious elements.

He goes on to discuss the significant milestones achieved at its project in just one year of being in operation, including securing extensive claims, conducting advanced drilling, releasing a mineral resource, and progressing towards a PEA (Preliminary Economic Assessment) and phosphate concentration pilot plant.

With an MoU (memorandum of understanding) in place with Port of Saguenay in Quebec, Canada to secure deep-sea access to the global markets, John provides an update on First Phosphate’s partnership with Prayon SA, a global leader in purified phosphoric acid production and technology.

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About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at a high purity level, at full ESG standard, and with a low anticipated carbon footprint. First Phosphate plans to vertically integrate from the mine source directly into the supply chains of major North American LFP battery producers that require battery-grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high-purity phosphate material devoid of high concentrations of harmful elements.

To learn more about First Phosphate Corp., click here

Disclaimer: First Phosphate Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




John Passalacqua on First Phosphate’s Position as a Key Supplier to the LFP Battery Market for EVs

In this InvestorIntel interview, Tracy Weslosky talks with First Phosphate Corp.’s (CSE: PHOS | FSE: KD0) CEO and Director John Passalacqua about the growing mass market adoption of LFP (Lithium Iron Phosphate) batteries globally in the Electric Vehicle (EV) industry.

With EV manufacturers such as Tesla in their Model 3 and Model Y now using LFP batteries in their vehicles to reduce cost, John goes on to provide an update on First Phosphate’s deposit in the Saguenay-Lac-St-Jean Region of Quebec, Canada.

With a purity 33% higher than the current world’s standard, John discusses how 90% of First Phosphate’s resource can be converted into purified, battery-grade, phosphoric acid allowing them to focus primarily on the LFP battery industry. Phosphoric acid is a critical component in LFP batteries.

John also provides an update on First Phosphate’s LFP production technology licensing agreement with Integrals Power Limited. Highlighting the benefits of Integrals Power’s technology, including its suitability for colder temperatures and different production types, John discusses how purified phosphoric acid and iron sulfate from First Phosphate’s deposits will be used for LFP battery production, targeting the emerging North American EV industry.

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About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at a high purity level, at full ESG standard, and with a low anticipated carbon footprint. First Phosphate plans to vertically integrate from the mine source directly into the supply chains of major North American LFP battery producers that require battery-grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high-purity phosphate material devoid of high concentrations of harmful elements.

To learn more about First Phosphate Corp., click here

Disclaimer: First Phosphate Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].