First Phosphate Signs Long-term Offtake Agreements and Pursues Interest from Financial Partner

First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") has signed two long-term offtake agreements with creditworthy partners for its future productions in Saguenay-Lac-St-Jean, Quebec. This strategic move aims to de-risk future projects and enhance their prospective financing. Additionally, the Company is advancing to the next phase of discussions with the Pekuakamiulnuatsh First Nation regarding potential financial involvement, following their collaboration agreement signed on April 9, 2024.

The definitive terms of the offtake agreements will be finalized in separate agreements, with standard termination rights if product delivery deadlines aren't met. The commencement of industrial operations remains subject to permitting and financing conditions.

First Phosphate is pleased to announce that it has signed two long-term offtake agreements with creditworthy partners for its future productions in Saguenay-Lac-St-Jean, Quebec. This strategic move aims to de-risk future projects and enhance their prospective financing. The Company is also advancing to the next phase of discussions with the Pekuakamiulnuatsh First Nation regarding potential financial involvement, following their collaboration agreement signed on April 9, 2024.

The definitive terms of the offtake agreements will be finalized in separate agreements, with standard termination rights if product delivery deadlines aren't met. The commencement of industrial operations remains subject to permitting and financing conditions.

First Phosphate is a mineral development company focused on extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (LFP) battery industry. The Company's Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec, is one of the largest and highest-grade phosphate deposits in the world, with an estimated resource of over 1 billion tonnes of phosphate rock.

The offtake agreements signed by First Phosphate are a significant milestone for the Company, as they provide a stable and long-term source of revenue. The agreements also demonstrate the strong demand for LFP batteries, which are increasingly being adopted in electric vehicles and energy storage systems due to their safety, durability, and low cost.

First Phosphate is committed to working with the Pekuakamiulnuatsh First Nation to ensure that the project is developed in a way that respects the environment and the cultural heritage of the local community. The Company is also focused on creating long-term value for shareholders by continuing to develop its phosphate resources and expand its offtake agreements.

The terms of the offtake agreements signed by First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) with creditworthy partners for its future productions in Saguenay-Lac-St-Jean, Quebec, are not explicitly stated in the provided background material. However, it is mentioned that the definitive terms will be finalized in separate agreements, with standard termination rights if product delivery deadlines are not met. The commencement of industrial operations remains subject to permitting and financing conditions.



First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) has signed two long-term offtake agreements with creditworthy partners for its future productions in Saguenay-Lac-St-Jean, Quebec. This strategic move aims to de-risk future projects and enhance their prospective financing. Additionally, the Company is advancing to the next phase of discussions with the Pekuakamiulnuatsh First Nation regarding potential financial involvement, following their collaboration agreement signed on April 9, 2024.

The definitive terms of the offtake agreements will be finalized in separate agreements, with standard termination rights if product delivery deadlines aren't met. The commencement of industrial operations remains subject to permitting and financing conditions.

First Phosphate is a mineral development company focused on extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (LFP) battery industry. The Company's Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec, is one of the largest and highest-grade phosphate deposits in the world, with an estimated resource of over 1 billion tonnes of phosphate rock.

The offtake agreements signed by First Phosphate are a significant milestone for the Company, as they provide a stable and long-term source of revenue. The agreements also demonstrate the strong demand for LFP batteries, which are increasingly being adopted in electric vehicles and energy storage systems due to their safety, durability, and low cost.

First Phosphate is committed to working with the Pekuakamiulnuatsh First Nation to ensure that the project is developed in a way that respects the environment and the cultural heritage of the local community. The Company is also focused on creating long-term value for shareholders by continuing to develop its phosphate resources and expand its offtake agreements.

The terms of the offtake agreements signed by First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) with creditworthy partners for its future productions in Saguenay-Lac-St-Jean, Quebec, are not explicitly stated in the provided background material. However, it is mentioned that the definitive terms will be finalized in separate agreements, with standard termination rights if product delivery deadlines are not met. The commencement of industrial operations remains subject to permitting and financing conditions.