First Phosphate CEO: Quebec igneous rock delivers 1st N.A. LFP cells in 25yrs
Join John Passalacqua, CEO of First Phosphate Corp., as he reveals why igneous anorthosite rock from Quebec is the key to onshoring the LFP battery supply chain. First Phosphate’s ultra-pure, low-impurity rock (only 1% of world phosphate) enables clean, solventless processing. The Bégin Lamarshe deposit: open pit, 2.5km strike, 75km from deep-sea port Saguenay. PEA shows NPV $2.1B, IRR 37%, payback 2.9 years. The company has built a fully validated downstream chain with Prayon, Höganäs, Century Lithium, and Altech, producing the first LFP battery cells made with North American critical minerals in 25 years.
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