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

Market News
26 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

First Phosphate Corp announced a 378% increase in indicated mineral resources at its Bégin-Lamarche phosphate project in Quebec, following the 2025-2026 drilling program. The updated estimate shows 198.5 million tonnes at 6.00% P2O5 indicated resources, with high-quality phosphate suitable for battery-grade phosphoric acid production. The deposit remains open at depth and benefits from strong infrastructure and a long-term offtake agreement. This upgrade supports advancing the project towards production for critical minerals used in lithium iron phosphate batteries.

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