First Phosphate Wins $16.7 Million Federal Grant to Advance Québec LFP Battery Materials Project

The latest announcement is out from First Phosphate Corp. ( (TSE:PHOS) ).

First Phosphate Corp. has secured a $16.7 million non‑repayable contribution from the Government of Canada, via Natural Resources Canada’s Global Partnerships Initiative, to advance its Bégin‑Lamarche phosphate project. The funding will support technical and engineering work needed to validate production of battery‑grade phosphate concentrate for the lithium iron phosphate battery market and underpins the company’s offtake agreement.

The contribution will finance a feasibility study for an integrated mine and processing operation through 2028, aimed at developing domestic capacity to convert apatite into high‑purity phosphoric acid for battery applications. The project is expected to bolster Canada’s position in the LFP battery value chain, reduce reliance on foreign supply chains, and generate significant economic benefits including about 277 skilled jobs and potential development of a Canadian phosphoric acid facility.

Canadian officials framed the investment as part of a wider push to secure critical mineral supply chains vital to the economy and defence industry. For First Phosphate, the support validates the strategic role of its Québec asset and strengthens its positioning as a future domestic supplier of key battery materials within an emerging integrated LFP ecosystem in Canada.

The most recent analyst rating on (TSE:PHOS) stock is a Buy with a C$1.59 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 exploration, development and clean technology company focused on building a vertically integrated mine‑to‑market supply chain for lithium iron phosphate batteries in North America. Its flagship Bégin‑Lamarche project in Saguenay‑Lac‑Saint‑Jean, Québec, is a rare igneous phosphate resource producing high‑purity, low‑impurity phosphate for applications in energy storage, data centers, robotics, mobility and national security markets.

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