Saguenay, Quebec–(Newsfile Corp. – Jul 5, 2023) – First Phosphate Corp. (CSE:PHOS) (FSE:KD0)(“First Phosphate” or the “Company“) is pleased to announce the appointment of Armand MacKenzie to the company’s advisory board.
A discussion between First Phosphate CEO, John Passalacqua and Armand Mackenzie is available at: https://youtu.be/uJRXjloQQjk.
Armand MacKenzie grew up in traditional Innu territory. He practiced law for 15 years and served as chief legal counsel on land rights for the Innu Nation. He was a special adviser/negotiator in the drafting and adoption of the UN General Assembly Declaration on the Rights of Indigenous Peoples. He has negotiated numerous impact benefit agreements. He has been a mining manager for the past 15 years.
“Mr. MacKenzie is skilled in mining and he knows the territory of Quebec and the indigenous interior in which we operate,” said John Passalacqua, CEO of First Phosphate. “Armand comes from very humble roots that he has never forgotten, but he is very adept on an international scale. He is an enigma and a model of Indigenous success in Canada.”
First Phosphate owns more than 1,500 square kilometers of total land claims in the Saguenay-Lac-St-Jean region of Quebec, Canada, which it is actively developing. Its properties consist of rare anorthosite igneous rock which generally yields a very pure phosphate concentrate without high concentrations of harmful heavy metals.
“My mining experience, coupled with my extensive relationships with Indigenous communities, provides a great background to meet First Phosphate’s needs,” said Mr. MacKenzie. “I am excited to be working with the entire team at First Phosphate to realize this opportunity for generations, clean mining and energy transition.”
First Phosphate’s flagship facility, Lac à l’Orignal, is approximately 70 miles by car north of the city of Saguenay, Quebec’s sixth largest city, with daily flights to Montreal, a skilled industrial workforce and strong local infrastructure. driving distance from the deep sea port of Saguenay with unfettered access to the world.
The First Phosphate property in Bégin-Lamarche is approximately 75 km by car from the Port of Saguenay. The company has a memorandum of understanding (MOU) with the Port of Saguenay to secure deep sea access to global markets and a valuable industrial port development footprint.
Shares for Debt Settlement: In other news, the company settled $60,000.00 in amounts owed to a corporate ex-contractor by issuing 179,104 shares of common stock of the company at the deemed price of $0.335 per common share, with such shares subject to are subject to a statutory retention period of four months and one day.
About First Phosphate Corp.
First Phosphate is a mineral development company fully dedicated to extracting and refining phosphate for the production of cathode active material for the lithium iron phosphate (“LFP”) battery industry. First Phosphate is committed to producing at a high level of purity, to full ESG standards and with a low expected environmental footprint. First Phosphate plans to vertically integrate from the mine directly into the supply chains of major North American LFP battery producers who require battery-grade LFP cathode active material sourced from a consistent and secure source of supply. First Phosphate owns more than 1,500 square kilometers of royalty-free district-level land claims in the Saguenay-Lac-St-Jean region of Quebec, Canada, which it is actively developing. First phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields very pure phosphate material without high concentrations of deleterious elements.
For more information, please contact:
Peter Kent, chairman
Phone: +1 (647) 707-1943
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Forward-Looking Information and Cautions
Certain information in this press release constitutes forward-looking statements under applicable securities laws. All statements in this press release that are not statements of historical fact may be considered forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this press release include statements regarding: the company’s commitment to producing high purity phosphate materials to full ESG standards with a low carbon footprint; the company’s plans to integrate directly into the functions of certain major North American LFP battery manufacturers; the Company’s proposed development of its land claims in the Saguenay-Lac-St-Jean, Quebec region; and the expected announcement by the company of the drilling results for the Bégin-Lamarche property in the coming weeks.
Forward-looking information in this press release is based on certain assumptions and expected future events, namely: the Company’s ability to produce high purity phosphate materials to full ESG standards with a low carbon footprint; the company’s ability to integrate directly into the features of certain major North American LFP battery manufacturers; the Company’s ability to develop its land claims in the Saguenay-Lac-St-Jean, Quebec region; and the company’s ability to announce drilling results for the Bégin-Lamarche property in the coming weeks.
These statements involve known and unknown risks, uncertainties and other factors, which could cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to produce pure phosphate materials at full ESG standards under a low carbon footprint; the company’s inability to integrate directly into the features of certain major North American LFP battery manufacturers; the company’s inability to develop its land claims in the Saguenay-Lac-St-Jean, Quebec region; and the company’s inability to announce drilling results for the Bégin-Lamarche property in the coming weeks.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations on which they are based will materialize. While such information is believed by management to be reasonable at the time of preparation, it may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements in this press release are expressly conditioned by this cautionary statement and reflect the company’s expectations as of the date of this press release and are subject to change thereafter. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to correct any material difference between subsequent actual events and such forward-looking information. except as required by applicable law.
For the source version of this press release, visit https://www.newsfilecorp.com/release/172330