First Phosphate Sows Seeds for Domestic LFP Battery Production — with John Passalacqua
This afternoon, SmallCapSteve sits with First Phosphate (CSE: PHOS) CEO John Passalacqua to dive into lithium iron phosphate (LFP) batteries, its production, and First Phosphate’s role in the market as the only Canadian miner focused on processing phosphate for LFP batteries. We also talk about the company’s recently signed MOU with Europe’s Prayon and what this will mean for LFP battery production in North America.
00:00 Introduction
00:50 Ford partnership with CATL
02:03 LFP and NMC batteries
03:49 First Phosphate’s edge in the market
05:18 MOU with Prayon
11:15 Can other phosphate companies pivot from fertilizers to processing phosphate for LFP batteries?
15:34 China’s LFP production
19:10 Next steps and catalysts for First Phosphate
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, at full ESG standard and with low anticipated carbon footprint.
First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery-grade LFP cathode active material emanating from a consistent and secure supply source.
#LFPBattery #EVtransition #FirstPhosphate #juniormining #phosphatemining
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FULL DISCLOSURE: First Phosphate is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover First Phosphate on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
