First Phosphate Corp. has hailed the announcement by the Canadian Minister of Government Transformation, Public Works and Procurement, Joël Lightbound, to invest $57.6 million to build the second wharf at the Port Saguenay, Quebec, Canada.
The second wharf at Port Saguenay is to be positioned directly adjacent to First Phosphate’s planned phosphoric acid plant, which will significantly facilitate the transportation of the company’s future phosphate concentrate, phosphoric acid, and lithium-iron-phosphate products to North American, European, and international destinations.
This investment announcement follows the recent visit to Port Saguenay by Canada’s Minister of Energy and Natural Resources, Tim Hodgson, on October 4, 2025.
First Phosphate President, Armand MacKenzie, said, “This proposed investment by the Canadian government is a most welcome development that will expand the economy of the region of Saguenay-Lac-St-Jean and bring quality jobs to the area.
“Most importantly, it will facilitate the commercialisation of the region’s natural resources, and especially First Phosphate’s mineral properties that are greatly needed in the drive to onshore the LFP battery supply chain.”
First Phosphate recently announced that it has finalised an industrial land option agreement with Port Saguenay.
The agreement covers lands where the Company plans to develop a phosphoric acid plant using advanced clean technology from Prayon SA of Belgium, and to be implemented by international engineering firm Ballestra S.pA. of Italy.
The lands at Port Saguenay offer strategic benefits and a competitive position.
The agreement was signed in Montreal on July 18, 2025, at the premises of the Wallonia Export & Investment Agency and in Saguenay, at Port Saguenay.
The high-purity phosphoric acid and iron powder for these LFP 18650 battery cells were produced using rare igneous anorthosite rock extracted from the First Phosphate Bégin-Lamarche property found at 70km driving distance from Port Saguenay.
The critical minerals and intermediary products for such LFP battery cells would eventually be transported to European and North American offtakers via Port Saguenay.
