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First Phosphate raises $3.5M, total funding reaches $43.6M Since 2022
Episode 13665
Published 3 months, 1 week ago
Description
First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to share that the company the company has closed another tranche of its non-brokered private placement, raising $3.5 million. This brings the total raised since June 2022 to roughly $43.6 million across 10 management-led financings.
Passalacqua said the proceeds support First Phosphate’s goal of establishing a fully integrated, North American lithium iron phosphate (LFP) battery materials supply chain, targeting markets such as energy storage, data centers, robotics, mobility, and national security.
The company continues to advance its high-purity Bégin-Lamarche phosphate project in Saguenay–Lac-Saint-Jean, Quebec — a rare igneous phosphate resource known for low impurities and strong suitability for LFP battery production.
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