“Massive Purified Phosphoric Acid Squeeze Coming” explains First Phosphate’s CEO John Passalacqua

In this episode of Mining Stock Education, host Bill Powers interviews John Passalacqua, CEO, Founder, and Director of new show sponsor First Phosphate (CSE: PHOS – FSE: KD0 – OTCQX: FRSP). They discuss the unique value proposition of First Phosphate in the lithium iron phosphate (LFP) battery market, the rising importance of purified phosphoric acid, and the company’s promising high purity igneous phosphate project in Quebec. John explains the strategic advantages of First Phosphate and their focus on penetrating the technology market with purified phosphoric acid produced from the company’s Begin-Lamarche deposit in Quebec. The conversation covers the company’s financials, milestones achieved, future plans including their aggressive timeline to production by 2029, and the strong governmental and industrial support they’ve garnered. Additionally, Passalacqua provides an in-depth look at the economics of their project, including potential market shortages and the critical role of phosphate in both food and battery technology sectors.

00:00 Introduction

01:23 First Phosphate Value Proposition

03:26 Phosphate Market Dynamics

05:23 Company Background and Leadership

8:45 Phosphate Critical Metal

09:20 Project Development and Milestones

12:51 Project Location Advantage

14:45 Offtake Agreement

15:49 Feasibility Study

17:40 First Phosphate Valuation

19:55 Massive Purified Phosphoric Acid Squeeze Coming

21:49 Share Structure & Share Price Performance

25:28 Government Risk

27:52 Conclusion and Final Thoughts