First Phosphate gets mining research and innovation grant from Québec

March 6, 2024 Stu Turley Rare Earth Minerals
First Phosphate

 

First Phosphate (CSE: PHOS) announced this week it received a mining research and innovation grant from the Quebec Ministry of Natural Resources and Forestry.

The grant provides financial support to the company in the way of C$315,236 to continue mineralogical study on its apatite, ilmenite and magnetite concentrates.

The project also includes the processing of the company’s mine tailings for re-use in the cement construction industry.

“We are grateful to the Quebec Ministry of Natural Resources and Forests for this funding as we continue to build strong relationships with Quebec-based government bodies and institutions,” CEO John Passalacqua said in a news release.

The company’s objective is to see the development of a lithium iron phosphate (LFP) battery valley in the Saguenay-Lac-St-Jean region of Quebec, one which can service demand for LFP battery cathode active material across North America.

Details on First Phosphate’s strategy for the creation of an LFP battery valley are found here.

Source: Mining.com

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About Stu Turley 3366 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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