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First Phosphate Corp. ( (TSE:PHOS) ) just unveiled an announcement.
First Phosphate Corp hosted Canada’s Minister of Energy and Natural Resources, Timothy Hodgson, and other officials at the site of its future phosphoric acid plant in Quebec, underscoring the strategic importance of high-purity phosphate in North America’s energy transition. The visit highlighted the potential of First Phosphate’s project to contribute to the development of a sustainable supply chain for LFP batteries, which are crucial for various sectors including energy storage and mobility. The company aims to leverage its resources to support economic diversification and benefit from federal programs for critical minerals.
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 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 Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is known for its rare igneous phosphate resources, which yield high-purity phosphate with minimal impurities.
Average Trading Volume: 296,612
Technical Sentiment Signal: Buy
See more data about PHOS stock on TipRanks’ Stock Analysis page.