Interview with PHOS CEO & Director on Investor News High-Purity Phosphate Production for Lithium Iron Phosphate (LFP) Batteries
Joining Tracy Hughes of Investor News, John Passalacqua, CEO and Director of First Phosphate (PHOS.c FRSPF), detailed the company's latest developments and milestones, including the release of its PEA for the Begin-Lamarche Property: https://www.youtube.com/watch?v=G0DUPTU3NBg
PEA Highlights - Exceptional Economics:
- NPV: $2.1 billion
- Pre-tax IRR: 37.1%; Post-tax IRR: 30%
- Payback period: 2.9 years
- Mine life: 23 years
Production Metrics:
- Annual production: 900,000 tons of apatite
- Equivalent to 350 GWh of LFP cathode active material or 700,000 tons of LFP material valued at up to $7 billion.
Strategic Importance:
- Positioned as a key supplier for North American LFP battery production, supporting the electrification market.
Phosphoric Acid Production:
- Agreement with Prayon, the world's largest producer of phosphoric acid, for proven technology.
- Collaboration with Ballestra of Italy for engineering phosphoric acid plants.
Iron Integration:
- Partnership with GKN Hoeganaes to recover magnetite (iron) as a byproduct and produce iron powder for LFP cathodes.
- Enables First Phosphate to control two key elements in LFP batteries: iron and phosphate.
Collaboration with First Nations
- Strong relationship with First Nations near Mustash.
- Partnered on renewable energy projects, including a 3,000 MW wind project, the second largest in the world.
- Shared vision for using LFP batteries to store energy from wind turbines, promoting economic empowerment and energy independence.
Vision for 2025
- Finalize partnerships and off-take agreements.
- Advance downstream processing and integrated LFP supply chain development.
- Establish First Phosphate as a fully integrated mine-to-LFP technology company for North America.
- Focus on vertical integration, similar to Mosaic or Nutrien, to support the LFP battery industry at all stages.
Uniquely positioned as a fully integrated supplier for the North American electrification market, PHOS is delivering a mine-to-LFP cathode solution with exceptional project economics, strategic partnerships, and strong First Nations collaboration positioning them for significant growth in 2025 and beyond.
Posted on Behalf of First Phosphate Corp.