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First Phosphate joins G7 alliance, advancing LFP battery materials and secures $15.4M financing for Quebec project.

Market News
20 Jun 2026
Proactive Investors
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Bullish
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First Phosphate Corp. has been included in the G7 Critical Minerals Resilience and Production Alliance, marking a significant step in its integrated lithium iron phosphate (LFP) battery materials strategy. The company is one of only 13 projects selected, highlighting international support for strategic battery material supply chains. This recognition helps de-risk its projects and improve capital access as it moves toward final investment decisions, particularly for its phosphoric acid plant at Port Saguenay. Additionally, First Phosphate recently closed a $15.4 million financing round to advance its Bégin-Lamarche phosphate project in Quebec and expand exploration, positioning it well for future development milestones and partnerships in the North American battery supply chain.

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