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The latest announcement is out from First Phosphate Corp. ( (TSE:PHOS) ).
On January 10, 2025, First Phosphate Corp. announced research reports by Queen’s University and Université de Québec à Chicoutimi, detailing the geological characterization of its Bégin-Lamarche phosphate deposit in Quebec. These studies focus on the mineralogy, petrology, and geochemistry of the deposit’s Mountain, North, and South Zones, highlighting its potential for supplying materials for LFP batteries. This development could enhance First Phosphate’s position in the LFP battery supply chain, potentially benefiting stakeholders through increased production capabilities and market opportunities.
More about First Phosphate Corp.
First Phosphate Corp. is a mineral development company focused on extracting and purifying phosphate for the Lithium Iron Phosphate (LFP) battery industry. The company aims to produce high-purity phosphate with a low carbon footprint and plans to integrate vertically into North American LFP battery supply chains. It owns the Bégin-Lamarche Property in Quebec, known for its high-purity anorthosite igneous phosphate rock.
YTD Price Performance: 38.18%
Average Trading Volume: 113,325
Technical Sentiment Consensus Rating: Strong Sell
For a thorough assessment of PHOS stock, go to TipRanks’ Stock Analysis page.
