First Phosphate secures facility lease for 10,000 tonne iron phosphate precursor plant in Quebec

Proactive - Interviews for investors

First Phosphate's CEO, John Passalacqua, shared exciting news with Proactive's Steve Darling, announcing that the company has successfully secured a lease for a state-of-the-art 10,000 tonne per annum iron phosphate precursor plant in Saguenay, Quebec. This facility will play a critical role in the production of cathode active material, a key component for lithium iron phosphate (LFP) batteries, as demand for efficient and sustainable energy storage solutions continues to rise. Passalacqua revealed that a significant portion of the 305,000-square-foot facility will be retrofitted to support the production needs of the First Saguenay project, with its strategic location offering essential infrastructure such as natural gas, high-voltage electricity, process water, wastewater treatment, and a direct rail link across North America. The facility’s proximity to the deep-sea port of Saguenay, just 20 km away, further enhances its strategic advantage, facilitating international trade and expanding future operations on adjacent industrial land. #proactiveinvestors #firstphosphatecorp #phosphate #BéginLamarcheproject #CEOInterview #CompanyUpdate #StrategicGrowth #SustainableMining #GreenApproach #Geology, #Mining, #PhosphateDrilling, #ResourceEstimate, #PEA, #MountainZone, #NorthZone, #SouthZone, #DrillProgramme, #MineralExploration, #HighGradePhosphate, #GeologicalSurvey, #MiningConsultants, #3DModel, #EconomicAssessment, #ProactiveNews, #GeologicalResources, #MineralDeposit, #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews