Proactive - Interviews for investors
First Phosphate applauds federal debate spotlight on Quebec’s strategic Phosphate reserves
First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to express strong support for the growing political recognition of Quebec’s clean, igneous phosphate reserves, following a notable mention during the recent Canadian Federal Election Debate in Montreal.
During the debate, Bloc Québécois candidate Yves-François Blanchet emphasized the strategic importance of Quebec’s phosphate resources, stating that the province "has probably the most important clean phosphate reserves in North America," specifically in Saguenay–Lac-Saint-Jean. He highlighted the opportunity to fully leverage these assets, noting that Port Saguenay could serve as a key infrastructure hub to support development and export.
Passalacqua called the public acknowledgment "a major milestone," saying it demonstrates broadening political support for phosphate’s role in advancing Canada’s energy, technology, and manufacturing sectors. “It’s encouraging to see phosphate move into the national conversation,” he said. “This validates our ongoing work to create a fully integrated and resilient North American supply chain for phosphate-based lithium iron phosphate (LFP) batteries—essential for the future of automation, robotics, AI, and clean energy storage.”
The company's focus on clean, high-purity igneous phosphate positions it uniquely to serve these emerging markets. With over 1,000 sq. km of claims in Quebec, First Phosphate is building a vertically integrated LFP ecosystem—from mining through to battery-grade materials—to strengthen supply chain sovereignty and security.
The significance of phosphate has also been officially recognized, with the mineral added to Quebec’s Critical Minerals List in January 2023, and to the Canadian federal Critical Minerals List in June 2024.
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