Episode Details

First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to discuss the company's latest federal funding milestone after securing $4.84 million in non-repayable contributions from the Government of Canada through Natural Resources Canada's First and Last Mile Fund to advance the Bégin-Lamarche Phosphate Project in Quebec. Passalacqua said the new funding builds on the $16.7 million previously awarded by NRCan in March 2026 through the Global Partnerships Initiative, further strengthening government support for developing the company's high-purity phosphate deposit. Approximately $3.07 million will fund studies related to power transmission infrastructure, including site selection, feasibility work, environmental assessments, public and Indigenous consultations, and the design of a 161-kV transmission line and substations in the Saguenay–Lac-Saint-Jean region. A further $1.77 million will support planning for transportation infrastructure, including preparatory work for a new mine access road and studies evaluating upgrades to regional bypass roads connecting the Bégin-Lamarche project to rail infrastructure and the Port of Saguenay. The work will include technical, environmental, and economic studies, along with traffic analysis and community consultation. Management believes the additional funding will accelerate key infrastructure planning while supporting the long-term development of the Bégin-Lamarche project as a strategic source of high-purity phosphate for the North American lithium iron phosphate (LFP) battery supply chain. #proactiveinvestors #firstphosphatecorp #cse #phos #otcqx #frspf #frspf #BeginLamarche #LFPBatteries #CriticalMinerals #Phosphate #QuebecMining #CleanEnergy #EnergyTransition #MiningNews #canada #governmentofcaanda #NaturalResourcesCanada'sFirstandLastMileFund