First Phosphate supports investment in second Port Saguenay Wharf to strengthen Quebec supply chain

Proactive - Interviews for investors

Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

5d ago 3:36

MP3•Episode home

First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to share that the company is welcoming the Government of Canada’s $57.6 million investment to construct a second wharf at the Port of Saguenay, Quebec. The new wharf will be located directly adjacent to First Phosphate’s planned phosphoric acid plant, a strategic placement that will enhance the company’s export logistics and support the efficient transportation of future phosphate concentrate, phosphoric acid, and lithium iron phosphate (LFP) products to markets across North America, Europe, and beyond. Passalacqua noted that the announcement underscores the federal government’s commitment to advancing Canada’s critical minerals infrastructure and coincides with the recent visit by Tim Hodgson, Canada’s Minister of Energy and Natural Resources, to Port Saguenay. The CEO also highlighted that First Phosphate has recently finalized an industrial land option agreement with Port Saguenay, securing the site for the company’s planned phosphoric acid plant. The facility will utilize advanced clean technology licensed from Prayon SA of Belgium and will be engineered and implemented by Ballestra S.p.A. of Italy, both leaders in global chemical process design and execution. This milestone also follows significant policy developments in the U.S., where the U.S. Secretary of the Interior, acting through the U.S. Geological Survey, has added phosphate to the Final 2025 List of Critical Minerals. The decision—based on recommendations from the Departments of Energy, Defense, and Agriculture—aligns the United States with Canada, South Korea, the European Union, and the provinces of Ontario and Quebec, all of which have formally recognized phosphate as an essential mineral for energy transition and food security. Passalacqua said this alignment between Canadian and U.S. policy frameworks reinforces First Phosphate’s position as a key contributor to the North American LFP battery materials supply chain and supports the company’s goal of building a fully integrated, clean, and secure phosphate production ecosystem in Quebec. #proactiveinvestors #firstphosphatecorp #cse #phos #otcqx #frspf #frspf #phosphate #CriticalMinerals #BatteryMaterials #LFPCathode #FirstPhosphate #CanadaMining #GreenEnergy #SupplyChain #QuebecMining #EVBatteries #dod

608 episodes

#Trading #Business News #Business #News #Proactive Investors #Gold #Cannabis #Battery Metals #Chief Executive #Biotech #Natural Resources #Bitcoin #Cryptocurrency #Interviews #Investing #Investment Research #Mining #Retail Investment #Technology