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First Phosphate Corp. ( (TSE:PHOS) ) has provided an update.
First Phosphate Corp. has welcomed the Canadian government’s $57.6 million investment to construct a second wharf at Port Saguenay, which will enhance the transportation of its phosphate concentrate, phosphoric acid, and LFP products to various markets. This development is expected to boost the regional economy, create jobs, and support the commercialization of natural resources, aligning with First Phosphate’s strategy to onshore the LFP battery supply chain. The company has also secured an industrial land option agreement at Port Saguenay to develop a phosphoric acid plant, leveraging advanced clean technology and strategic market access.
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 property, Bégin-Lamarche in Quebec, is known for its rare igneous phosphate resources, producing 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.