PHOS Virtual Investor Conference Presentation Summary Post In a recent presentation at the Virtual Investor Conference, John Passalacqua, CEO of First Phosphate Corp. (Tickers: PHOS.c, FRSPF, FD0, KD0.f), outlined the company’s strategic positioning within the lithium iron phosphate (LFP) battery industry.
First Phosphate is advancing its high-purity phosphate assets in Quebec to address the increasing North American demand for sustainable battery materials. Passalacqua's presentation covered their innovative approach, competitive advantages, and long-term vision for clean energy, with key highlights including:
LFP Battery Market Leadership
-
LFP batteries now account for 67% of global battery production, driven by demand in energy storage and electric vehicles (EVs).
-
Advantages include fire safety, cost efficiency, and widespread applications, from public transportation to renewable energy storage.
First Saguenay LFP Plant
-
Leased pre-built plant acquired to minimize costs and accelerate readiness.
-
Does secondary and tertiary processing to produce iron phosphate and lithium iron phosphate (LFP) powder for battery cathodes.
-
Operations expected to begin by 2026-2027, initially using sourced materials.
High-Purity Quebec Resources
-
First Phosphate owns more than 1,500 sq. km of royalty-free, district-scale land claims in Quebec's Saguenay-Lac-St-Jean Region, which are under active development
-
The company's properties feature rare anorthosite igneous phosphate rock, known for producing high-purity phosphate material with low levels of harmful elements.
-
Byproducts include green gypsum, free from radioactive elements, for use in construction materials.
Flagship Project Economics
-
Bgin-Lamarche Phosphate Deposit Preliminary Economic Assessment (2014):
-
$2.1 billion NPV
-
37% IRR
-
2.9-year payback
-
23-year mine life
-
Technical Report and Initial Mineral Resource Estimate (2024)
-
Inferred pit-constrained Mineral Resource = 214.0 Mt @ 6.01% P2O5 (phosphate)
-
Indicated pit-constrained Mineral Resource = 41.5 Mt @ 6.49% P2O5
-
The Deposit is open at depth
-
Potentially capable of supporting the electrification of half of North America's vehicle fleet each year.
Strategic Location and Logistics
-
Proximity to Rio Tinto’s hydroelectric facilities, intermodal rail, and deep-sea ports reduces costs and environmental impact.
-
Situated in a robust industrial hub with significant infrastructure advantages for downstream processing.
*
Downstream Integration
-
Plans to produce purified phosphoric acid and LFP cathode active material (CAM) ensure Canada's self-sufficiency in LFP battery production.
-
Strategic partnerships with Indigenous communities, government support and demand from the U.S.-based battery manufacturers support development.
-
First Phosphate aims to produce feasibility studies and scale downstream operations by 2028 to meet the rising demand for LFP materials.
With an innovative resource and advanced logistics, the company is positioning itself as a key future supplier for North America’s electrification goals.
Full presentation replay here:
Posted on behalf of First Phosphate Corp.