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First Phosphate secures up to €170M Danish export credit for Quebec phosphate mine project

Company Fundamentals
13 Apr 2026
Newsfile Corp
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Bullish
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First Phosphate Corp. has finalized a non-binding letter of intent with the Danish Export Credit Agency (EIFO) for up to €170 million in equipment and services funding for its phosphate mine project in Saguenay-Lac-St-Jean, Quebec. EIFO's AAA-rated guarantee supports financing from banks, enhancing the project's financial credibility. This funding is crucial for advancing First Phosphate's vertically integrated mine-to-market supply chain for LFP battery production in North America. The guarantee issuance is subject to EIFO's credit approval and due diligence, including environmental and social assessments.

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