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First Phosphate reports 378% increase in indicated mineral resources at Bégin-Lamarche project in Quebec

Market News
24 Aug 2026
Newsfile Corp
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Bullish
pluang ai news

First Phosphate Corp has filed an updated Mineral Resource Estimate for its Bégin-Lamarche phosphate project in Quebec, showing a 378% increase in indicated mineral resources compared to 2024. The deposit now includes 6.2 million tonnes measured at 7.7% phosphate and 198.5 million tonnes indicated at 6.0% phosphate, with the resource still open at depth. The phosphate concentrate is suitable for producing battery-grade phosphoric acid used in lithium iron phosphate batteries, supporting clean technology markets. The project benefits from nearby infrastructure and a long-term offtake agreement, positioning it well for future development and supply chain integration in North America.

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