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An update from First Phosphate Corp. ( (TSE:PHOS) ) is now available.
First Phosphate Corp has successfully produced commercial-grade lithium iron phosphate (LFP) 18650 battery cells using critical minerals sourced from North America, marking a significant step in localizing the LFP battery supply chain in the region. This achievement underscores North America’s potential to reclaim leadership in LFP battery technology, which is crucial for securing infrastructure in various industries, including energy storage, mobility, and defense. The production process involved collaboration with several North American companies and highlights the versatility of LFP 18650 battery cells in applications ranging from robotics to telecommunications.
More about First Phosphate Corp.
First Phosphate Corp is a mineral development company focused on producing high-purity phosphate for the lithium iron phosphate (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. Its flagship property, Bégin-Lamarche, is a rare North American igneous phosphate resource known for yielding high-purity phosphate with minimal impurities.
Average Trading Volume: 113,905
Technical Sentiment Signal: Buy
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