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The latest announcement is out from First Phosphate Corp. ( (TSE:PHOS) ).
First Phosphate Corp. has announced the collection of a 5,000-kilogram bulk sample from its Bégin-Lamarche phosphate project in Quebec for advanced metallurgical testing. This initiative aims to refine the recovery process of apatite, magnetite, and ilmenite, building on successful preliminary tests conducted in 2023. The company plans to scale its pilot process to a semi-industrial level, optimizing process parameters and generating data for future economic and feasibility studies. Surface stripping and channel sampling have also been conducted to enhance geological understanding, revealing significant apatite concentrations in different zones. These efforts are crucial for the company’s strategy to efficiently produce critical minerals essential for the energy transition, potentially bolstering its market position in the phosphate mining industry.
More about First Phosphate Corp.
First Phosphate Corp. is a mineral development company focused on producing high-purity phosphate for the LFP battery industry. The company employs a vertically integrated approach that links sustainable phosphate mining in Quebec with North American battery supply chains, targeting sectors such as energy storage, data centers, robotics, mobility, and defense. Their flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is noted for its rare igneous phosphate resources, which yield high-purity phosphate with minimal impurities.
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Technical Sentiment Signal: Strong Buy
See more data about PHOS stock on TipRanks’ Stock Analysis page.