First Phosphate expands high-purity phosphate resource at Bégin-Lamarche in Quebec - ICYMI

Source · https://www.proactiveinvestors.com/companies/news/1093164

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First Phosphate Corp. reported a 378% increase in indicated mineral resources at its Bégin-Lamarche phosphate project. — A massive increase in indicated resources significantly raises the project's valuation and reduces geological risk.
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Metallurgical testing achieved a 40.4% P2O5 concentrate grade and a 91.1% conversion rate to purified phosphoric acid for LFP battery applications. — High purity and conversion rates prove the technical viability of the project for the high-growth EV battery market.
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The company targets the completion of a feasibility study by December 2026, with an objective of commercial production by 2029. — Provides a clear timeline for project monetization, though the 2029 date is long-term.
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