First Phosphate provides update on the work to complete its Purified Phosphoric Acid Plant in Quebec
–News Direct–
First Phosphate Corp CEO John Passalacqua joined Steve Darling from Proactive to announce a significant development for the company – the signing of a Joint Development Agreement with Integrals Power Limited of Milton Keynes, United Kingdom.
This agreement marks a crucial step forward in First Phosphate's efforts to produce battery-grade iron III phosphate precursor for the lithium iron phosphate (LFP) battery industry outside of China.
Passalacqua explained that the agreement outlines an initial phase of joint development focused on creating the technology necessary for producing the iron phosphate precursor for LFP cathode active material (CAM). The goal is to develop a scalable, low-cost, and environmentally compliant process for manufacturing battery-grade iron III phosphate. If successful, this technology could be combined with lithium carbonate or lithium hydroxide to produce LFP CAM.
Furthermore, Passalacqua emphasized the collaborative nature of the agreement, with both parties committed to working together to bring the developed process into immediate large-scale production. Under the agreement, First Phosphate will provide the necessary raw materials for producing iron III phosphate, leveraging its phosphate concentrate and magnetite resources.
This partnership with Integrals Power Limited represents a significant milestone for First Phosphate Corp as it strives to establish itself as a key player in the supply chain for lithium iron phosphate batteries. By developing innovative technologies and forging strategic partnerships, the company is well-positioned to capitalize on the growing demand for sustainable energy storage solutions.
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Proactive Investors
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View source version on newsdirect.com: https://newsdirect.com/news/first-phosphate-provides-update-on-the-work-to-complete-its-purified-phosphoric-acid-plant-in-quebec-560924923
First Phosphate Corp
COMTEX_448083587/2655/2024-02-20T11:05:47
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