First Phosphate provides update on the work to complete its Purified Phosphoric Acid Plant in Quebec
Vancouver, Canada
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February 28, 2024 05:56 AM Eastern Standard Time
First Phosphate Corp CEO John Passalacqua joined Steve Darling from Proactive to share details on the company's progress in developing a purified phosphoric acid (PPA) plant at the Port of Saguenay and its vision for establishing the Saguenay-Lac-Saint-Jean Region of Quebec as the North American lithium iron phosphate battery valley.
Passalacqua outlined the company's vision for creating an LFP battery ecosystem in the region during a talk to the Federation of Chambers of Commerce of the Saguenay-Lac-Saint-Jean Region of Quebec.
He highlighted that building a PPA plant and an LFP battery ecosystem for North America is a significant undertaking, and First Phosphate has taken several steps to realize this vision.
The company has completed its internal pre-feasibility study for the PPA plant and is evaluating engineering firms to potentially conduct a formal feasibility study. PPA production will be fully internalized and limited to the development of LFP cathode active material to avoid disrupting existing industries.
First Phosphate has also developed a proprietary financial model for the future PPA facility and is open to sharing details with potential strategic partners. Furthermore, the company has made progress on utilities in the region as it moves towards construction. These initiatives represent significant steps towards establishing the Saguenay-Lac-Saint-Jean Region as a hub for LFP battery production in North America.
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