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An update from First Phosphate Corp. ( (TSE:PHOS) ) is now available.
First Phosphate Corp. has welcomed the Canadian government’s investment of $57.6 million to build a second wharf at Port Saguenay, which will support the transportation of its phosphate products to various international markets. This development is expected to enhance the commercialization of natural resources in the Saguenay-Lac-St-Jean region and strengthen First Phosphate’s position in the LFP battery supply chain by facilitating the export of critical minerals and intermediary products.
The most recent analyst rating on (TSE:PHOS) stock is a Buy with a C$1.15 price target. To see the full list of analyst forecasts on First Phosphate Corp. stock, see the TSE:PHOS Stock Forecast page.
More about First Phosphate Corp.
First Phosphate is a mineral development and cleantech company focused on establishing a vertically integrated mine-to-market LFP battery supply chain in North America. The company targets markets such as energy storage, data centers, robotics, mobility, and national security. Its flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, is a rare igneous phosphate resource known for high-purity phosphate with minimal impurities.
Average Trading Volume: 501,587
Technical Sentiment Signal: Buy
For a thorough assessment of PHOS stock, go to TipRanks’ Stock Analysis page.