Investing in the Future - Emerging Markets on PHOS Investing in the Future - An Emerging Market Report on First Phosphate (PHOS.c FRSPF)
With global demand for lithium iron phosphate (LFP) batteries projected to grow from $17.6B to $23.5B by 2034, Electric Vehicles (EVs) have cementing their place as the future of transportation with LFP batteries central to their growth.
Uniquely positioned to capitalize on this trend, First Phosphate (PHOS.c FRSPF) has a range of advantages in the market as the owner of the Bgin-Lamarche mine, a critical source of high-purity phosphate for LFP batteries, as detailed in the latest Emerging Market Report: https://emergingmarketsconsulting.com/investing-in-the-future-01-15-2025/
Standing out with vertically integrated operations to mine, process, and produce phosphate, iron, and titanium, PHOS' operations are supported by proximity to infrastructure like the Saguenay Deep Sea Port and clean hydroelectric power which provide stability and enhance profit margins.
Notably, commercial demand for phosphate is rapidly increasing beyond fertilizer, now representing ~66% of the preferred material for battery production, and is expected to grow as the EV market continues to expand, emphasizing the opportunity PHOS' stands to benefit from.
Recognized as a critical mineral by Canadian and U.S. governments, phosphate’s importance is growing as LFP batteries have become the material of choice for EVs.
Significantly, PHOS' Bgin-Lamarche phosphate deposit has proven its potential to produce purified phosphoric acid for LFP batteries as validated in two critical research reports released through collaborative research by Queen's University and the University of Quebec Chicoutimi: https://x.com/StckMasterFlash/status/1878904950190665864
The deposit represents 1% of global phosphate reserves, positioning PHOS as a crucial player in securing a sustainable, domestic supply chain for LFP battery production given the findings emphasize the deposit’s high purity, low environmental impact, and suitability for ESG-compliant phosphoric acid production, showcasing impressive recovery rates, low toxic trace elements, and by-products like ilmenite and magnetite, which enhance its commercial value.
Positioned to supply a vital component for lithium iron phosphate batteries, a key driver of the EV revolution, First Phosphate offers a direct opportunity to invest in a key component of the EV revolution.
Posted on Behalf of First Phosphate Corp.