Canada Funds First Phosphate & Incentivizes Domestic Phosphate Production with CEO John Passalacqua
Mar 8, 2026
19:55
Bill Powers interviews First Phosphate CEO John Passalacqua following PDAC, where the company received a non-repayable C$16.7M grant and highlighted government support for critical mineral supply chains. Passalacqua says the funding de-risks the company through feasibility, permitting, and toward a final investment decision, with drilling nearly complete and a feasibility study targeted for December 2026. He explains LFP batteries are largely phosphate-based and that First Phosphate’s high-purity igneous phosphate resource in Quebec is rare and advantaged by proximity to infrastructure and a deep-sea port. He discusses phosphate being added to Canada’s critical minerals list and related tax credits for downstream facilities, outlines a 10,000 tpa LFP CAM plant concept pending tariff clarity, and reviews U.S. market access via OTCQX and a new 10:1 ADR, along with insider share purchases and recent stock highs.
00:00 Intro
00:54 Canada Grant Impact
02:11 Drilling and Feasibility Timeline
03:02 Why LFP Needs Phosphate
04:05 Infrastructure and Location Edge
05:29 Critical Minerals List Benefits
07:55 Downstream Plant and Tariff Pause
09:03 Europe and US Strategy
10:20 OTCQX Tickers and ADR Explained
14:07 Insider Buying and Alignment
15:05 Valuation and Execution Outlook
16:53 Wrap Up and Disclaimers
First Phosphate Introductory Interview: https://www.youtube.com/watch?v=eD7t1Q7OZfU
Press releases discussed:
https://firstphosphate.com/first-phosphate-nrcan-funding-16-7m/
https://firstphosphate.com/canada-critical-minerals-phosphate-clean-tech/
https://firstphosphate.com/first-phosphate-adr-program-fphoy-otcqx/
https://firstphosphate.com/
CSE: PHOS – FSE: KD0 – OTCQX: FRSPF – OTCQX-ADR: FPHOY
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