Canadian government underwrites phosphate feasibility study
First Phosphate Corp. says that it has finalised an agreement for a C$16.7 million non-repayable contribution from the Government of Canada via Natural Resources Canada’s Global Partnerships Initiative. The company says that the funding will accelerate the development of its phosphate project in Bégin-Lamarche by developing the technical and engineering parameters – including processing circuits and equipment – needed to validate the ability to produce a phosphate concentrate that meets the quality requirements of the lithium iron phosphate (LFP) battery market. The work will be conducted based on parameters established under the contract between First Phosphate and its definitive offtaker.
