First Phosphate hails phosphate added to Canada’s critical minerals essential for clean tech list

First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to welcome the amendment to the 2025 Canadian federal budget that adds phosphate to the country’s official list of critical minerals essential for clean technology. With phosphate now formally recognized as a critical mineral, exploration and downstream processing projects will qualify for key federal incentive programs, including the Critical Mineral Exploration Tax Credit (CMETC) and the Clean Technology Manufacturing Investment Tax Credit (CTM). Passalacqua explained that the CMETC will support the company’s capital-raising efforts aimed at advancing exploration and development of its mineral properties in the Saguenay–Lac-Saint-Jean region of Quebec. The funding is expected to further delineate and develop what the company describes as a district-scale phosphate zone. The Clean Technology Manufacturing Investment Tax Credit is expected to assist in building infrastructure tied to mining operations as well as downstream processing initiatives. These include the company’s planned phosphoric acid plant and its proposed lithium iron phosphate (LFP) cathode active material facility. First Phosphate recently produced commercial-grade LFP 18650 battery cells using North American-sourced critical minerals. The high-purity phosphoric acid used in the cells was derived from rare igneous anorthosite rock extracted from the company’s Bégin-Lamarche property, underscoring its vertically integrated strategy. Management believes the federal recognition of phosphate as a critical mineral strengthens the company’s position within Canada’s clean technology supply chain and supports its long-term vision of establishing a fully integrated North American LFP battery materials platform. #proactiveinvestors #firstphosphatecorp #cse #phos #otcqx #frspf #frspf #phosphate #CriticalMinerals #CanadaBudget2025 #CleanTechnology #CMETC #InvestmentTaxCredit #SaguenayLacSaintJean #QuebecMining #LFP #LithiumIronPhosphate #BatteryMaterials #EnergyTransition #NorthAmericanSupplyChain #PhosphoricAcid #Anorthosite #VerticalIntegration #CleanEnergyManufacturing #EVSupplyChain #MineralDevelopment