First Phosphate Corp. (TSE:PHOS) has released an update.
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First Phosphate Corp. has entered a strategic partnership with GKN Hoeganaes to develop a North American supply chain for lithium iron phosphate (LFP) batteries, crucial for electric vehicles and energy storage. This collaboration aims to produce high-purity iron powder for LFP batteries, reducing dependency on international supply chains and advancing sustainable energy solutions. The partnership will leverage GKN Hoeganaes’ advanced iron powder technology and First Phosphate’s resources to establish a robust domestic battery ecosystem.
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