First Phosphate Asset Highlights
Domestic North American Supply Required Urgently
Global LFP Battery Market is Projected to Grow from USD $10 billion in 2021 to USD $50 billion by 2028
According to market research, the global LFP (lithium-iron-phosphate) battery market is projected to grow from USD $10 billion in 2021 to USD $50 billion by 2028.
Analysts expect LFP batteries to represent 40% of the global battery market by 2030.
The global lithium-ion battery market size was valued at USD 48.19 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 18.9% from 2023 onwards.
North America to become a major producer of LFP batteries.
The North American LFP battery industry requires production of the highest purity, ESG-compliant, ethically sourced phosphate material from a clean phosphate source
First Phosphate Corp (CSE: PHOS) (FSE: KD0) intends to be a key suppler of high quality phosphate for the LFP battery industry
First Phophate is 100% focused on the LFP Industry
First Phosphate (CSE: PHOS) (FSE: KD0) is the only publicly listed mineral development company that is fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry.
It all Starts with the Highest Purity Source of Phosphate
First Phosphate (CSE: PHOS) (FSE: KD0) holds its flagship properties and a total of 1,500+ sq. km of land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada consisting of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid high concentrations of harmful elements.
Only 1% of the World’s Cleaner Igneous Anorthosite Phosphate is mostly found in Quebec, Canada.
Source: Food and Agriculture Organization of the The United Nations