First Phosphate advances feasibility testing with bulk sample from Bégin-Lamarche

Proactive - Interviews for investors

First Phosphate Corp CEO John Passalacqua talked with Proactive's Stephen Gunnion about the company’s recent metallurgical testing progress and next steps toward a feasibility study. The company has collected a 5,000-kilogram bulk sample to refine its phosphate separation process and further validate its earlier pilot results, which had already achieved nearly 90% phosphate recovery. Passalacqua emphasized the significance of this stage, saying, “Now it’s a second stage as we advance towards our feasibility study… to get down to what will be our real live scale separation process.” The Northern and Mountain zones remain the focal points for the first decade of production, chosen for their high phosphate concentration and accessible terrain. He also shared findings of up to 45% apatite from surface stripping and noted that the project area spans 2.5km by 0.5km, with confirmed mineralization to depths of 300m and remaining open. The next steps include completing definition drilling and validating resource estimates to transition from inferred to measured classification. Passalacqua also highlighted investor-ready metrics from the PEA, including a C$2.1 billion NPV and a 37% IRR, along with strong logistics and existing offtake agreements. For more updates, visit Proactive’s YouTube channel. Don’t forget to like the video, subscribe, and turn on notifications. #FirstPhosphate #PhosphateMining #CriticalMinerals #BatteryMetals #MiningInvesting #FeasibilityStudy #ResourceDevelopment #CanadianMining #PhosphoricAcid #MetallurgicalTesting