{kanada_flagge}Once again, Canadian company First Phosphate (CSE PHOS / WKN A3DQCH) can come up with good news. The company, which aims to produce phosphate for use in LFP batteries for electric vehicles, has announced that metallurgical tests on mineralization from the Lac à l’Orignal property in the Saguenay-Lac-St-Jean region of Quebec have produced positive results. First Phosphate had the test work done by independent laboratory SGS Canada Inc. in Québec City.
{kanada_flagge}Once again, Canadian company First Phosphate (CSE PHOS / WKN A3DQCH) can come up with good news. The company, which aims to produce phosphate for use in LFP batteries for electric vehicles, has announced that metallurgical tests on mineralization from the Lac à l’Orignal property in the Saguenay-Lac-St-Jean region of Quebec have produced positive results. First Phosphate had the test work done by independent laboratory SGS Canada Inc. in Québec City.
The results of batch and locked-cycle tests were used to establish an overall mass balance for the proposed flowsheet. And the overall mass balance shows that the flowsheet can recover 91.4% of the apatite to a concentrate containing 40.2% P2O5! Preliminary beneficiation tests of the ilmenite and magnetite flowsheets also yielded an ilmenite concentrate grading 39.3% TiO2 and a magnetite concentrate grading 69.0% Fe (99.2% Fe2O3). SGS experts recommended further test work to optimize the ilmenite circuit.
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“We are pleased with the results of our high purity apatite recovery, which could allow us to produce a large quantity of purified phosphoric acid for LFP battery production,” stated Peter Kent, President of First Phosphate. “Our secondary ilmenite recovery is equally important, as its beneficiation could allow us to produce ferrous sulfate, which is another key ingredient needed for LFP battery production. The magnetite remains a potential tertiary recovery of value. We are now in a position to begin construction of a pilot plant for beneficiation earlier than planned.”
The metallurgical test program was carried out on a composite of 75 fluorapatite half-cores from the Lac à l’Orignal deposit with the aim of recovering and refining the apatite (removal of silicates, ilmenite, magnetite, etc.) to obtain a high-grade concentrate for phosphoric acid production that can be used for the production of active LFP cathode material. The composite sample had a main content of 5.55% P2O5.
Conclusion: The high recovery demonstrated in the metallurgical tests means that little phosphate is lost in the process, almost all is recovered. The purity of the phosphate concentrate, on the other hand, means that First Phosphate can produce a large amount of purified phosphoric acid, allowing it to focus on the LFP battery industry rather than the fertilizer sector. Secondary recovery of ilmenite (titanium oxide), in turn, is helpful because First Phosphate, by refining the ilmenite with sulfuric acid, could produce ferrous sulfate, which is needed to produce active material for LFP cathodes. And the company is now in a position to start up a pilot plant to process the phosphate concentrate and use the phosphate concentrate obtained to produce further samples of purified phosphoric acid.
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According to §34b WpHG i (Germany) and according to Paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of First Phosphate and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between First Phosphate and GOLDINVEST Consulting GmbH, which means that there is a clear conflict of interest.
