Canada Funds First Phosphate & Incentivizes Domestic Phosphate Production with CEO John Passalacqua

Posted on March 8th, 2026 | Filed under Exclusive Interviews, Mining News

Mining Stock Education · Canada Funds First Phosphate & Incentivizes Domestic Phosphate Production with CEO John Passalacqua

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.

Tickers: CSE: PHOS – FSE: KD0 – OTCQX: FRSPF – OTCQX-ADR: FPHOY

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