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First Phosphate is preparing a feasibility study for the Bégin-Lamarche Property while developing a phosphoric acid plant and pre-CAM/LFP CAM facility. Its properties have generated no revenue, and the planned downstream facilities remain subject to financing and approvals.
First Phosphate Corp. reported a six-month net loss of (19,504,359), operating cash outflow of (21,073,614), and financing cash inflow of 20,879,027 for the period ended August 31, 2026. It ended with cash and cash equivalents of 19,949,271.
First Phosphate reported a peer-reviewed study in Ore Geology Reviews indicating its Bégin-Lamarche deposit can yield phosphate concentrate around ~40% P₂O₅ with low impurities suitable for PPA and LFP battery cathodes.
