First Phosphate Corp C.PHOS

Receives Letter of Interest in the Amount of up to US$170 M

[Betteryear2]

Saguenay, Quebec--(Newsfile Corp. - September 29, 2023) - First Phosphate Corp. (CSE: PHOS) (OTC Pink: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that, on September 26, 2023, it has received a letter of interest ("LOI") from the Export-Import Bank of the United States ("EXIM"), where EXIM express that it would be able to provide financing in the amount of up to USD $170,000,000.00 to the Corporation.

First Phosphate Receives Letter of Interest in the Amount of up to US$170 Million from the Export-Import Bank of the United States (EXIM) (newsfilecorp.com)

[tweezer1957]

Well on the surface this looks like blockbuster news but. EXIM is a bank similar to the EDC. It is a financial institution that looks to lend money at a price. A letter of interest is just that a letter of interest. So what does PHOS have. The opportunity to ask for money. It looks good but it means nothing.  If they actually sign that will be blockbuster news. Also ask yourself what could

[couples4]

Il n y a effectivement aucune assurance que le projet va voir le jour...Mais Fitzgibbons a declare hier qu il y avait encore 15 milliards supplementaires de prets et de subventions a venir dans les 3 prochaines annees surtout pour le secteur des metaux et mineraux...Il a aussi dit vendredi lors de l annonce de Northvolt que la future usine etait facilement capable de fabriquer des batteries LFP si