First Phosphate secures C$16.7M federal funding for LFP battery development скачать в хорошем качестве

First Phosphate secures C$16.7M federal funding for LFP battery development

First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to announce the company has been awarded a non-repayable contribution agreement of up to C$16.7 million from the Government of Canada through Natural Resources Canada under the Global Partnerships Initiative. Passalacqua explained that the funding will support technical, and engineering work required to validate the production of phosphate concentrate suitable for the lithium iron phosphate (LFP) battery market. The program will focus on assessing processing circuits, equipment design, and related infrastructure to ensure the concentrate meets the quality standards established under the company’s contract with its definitive offtaker. The initiative is aimed at strengthening Canada’s strategic position within the LFP battery value chain by developing domestic capacity to convert apatite (phosphate concentrate) into high-purity phosphoric acid (PPA) for battery applications. According to the company, the project will advance the development of a scalable, made-in-Canada process for producing battery-grade phosphate concentrate, helping reduce reliance on foreign supply chains while supporting North America’s growing clean energy and electric vehicle markets. Management views the federal contribution as a significant step in advancing First Phosphate’s vertically integrated strategy and reinforcing Canada’s role in securing critical mineral inputs for next-generation battery technologies. #proactiveinvestors #firstphosphatecorp #cse #phos #otcqx #frspf #frspf #phosphate #CriticalMinerals #GovernmentOfCanada #NaturalResourcesCanada #GlobalPartnershipsInitiative #Phosphate #LFP #LithiumIronPhosphate #BatteryMaterials #CleanEnergy #EVSupplyChain #PhosphoricAcid #NorthAmericanSupplyChain #EnergyTransition #MadeInCanada #StrategicFunding #MineralProcessing #VerticalIntegration