First Phosphate applauding Quebec Government for adding Phosphate the critical minerals list

Описание: First Phosphate Corp CEO John Passalacqua joined Steve Darling from Proactive to share important news regarding Quebec's commitment to the development of critical and strategic minerals. The Quebec Minister of Natural Resources and Forests unveiled the 2023-2025 Action Plan for the implementation of the Quebec Plan for the Development of Critical and Strategic Minerals 2020-2025.
Passalacqua revealed to Proactive that this update to the Quebec list of critical and strategic minerals will now include apatite, specifically phosphate. Quebec now joins the ranks of jurisdictions such as Ontario, the European Union, and South Korea, which all recognize phosphate as a critical and strategic mineral.
Importantly, Passalacqua emphasized that a decision by the Governments of Canada and the United States on the status of phosphate as a critical and strategic mineral is anticipated in 2024 or beyond. Current data from Argus Phosphate Rock Analytics indicates that North American phosphate production is slated to decline by 61% by 2037.
First Phosphate Corp's objective is to establish an LFP (Lithium Iron Phosphate) battery valley in the Saguenay-Lac-St-Jean region of Quebec. This initiative aims to address the growing demand for LFP battery cathode active materials across North America, thereby contributing to the sustainable development of critical minerals within the region.
This recognition and commitment from Quebec represent a significant step toward securing a domestic and strategic supply chain for critical minerals, which are vital components in various industries, including the rapidly growing battery sector. It highlights the potential for Quebec to play a pivotal role in meeting the future demand for these essential resources.


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