Building a G7-Backed LFP Battery Supply Chain | First Phosphate (OTCQX: FRSPF) CEO Overview
Jun. 25, 2026
In this investor update, John Passalacqua, CEO of First Phosphate Corp. (OTCQX: FRSPF | CSE: PHOS), delivers a direct message from the G7 summit in France — where Canada's Prime Minister named First Phosphate as one of 13 critical mineral partnerships backed by G7 allied nations.
First Phosphate is building a mine-to-market lithium iron phosphate (LFP) battery supply chain in North America. The company controls a rare, large-scale igneous phosphate deposit in the Saguenay–Lac-St-Jean region of Quebec — one of the few resources globally capable of producing the purified phosphoric acid (PPA) required for LFP cathode active materials. Unlike sedimentary phosphate producers tied to fertilizer markets, First Phosphate is purpose-built for the battery supply chain, targeting energy storage, data centers, factory automation, and EVs.
The company has secured signed offtake agreements for 200,000 tonnes per year of high-purity igneous phosphate concentrate and 60,000 tonnes per year of phosphoric acid — covering both the upstream mine and the midstream phosphoric acid plant at the Port of Saguenay. Supporting the project are G7 allied institutions including Denmark's export credit agency and an Italian consortium comprising Sace, CDP, Simvest, and engineering group Maire, a €5 billion market cap firm listed on the Milan Stock Exchange.
With signed offtakes, G7 government backing, and a fully North American critical minerals focus, First Phosphate is advancing toward feasibility and downstream integration as a strategic supplier to the Western LFP battery supply chain.
