First Phosphate Corp. CEO John Passalacqua joined Steve Darling from Proactive to announce a major milestone for the company: the finalization of an industrial land option agreement with the Port of Saguenay. This agreement grants First Phosphate exclusive rights to enter a definitive lease for land that will host a state-of-the-art phosphoric acid plant, leveraging advanced clean technology from Belgium’s Prayon SA and engineering implementation by Italy’s Ballestra S.p.A. Passalacqua shared that construction of the facility is expected to begin in 2028. The strategic location at the Port of Saguenay will give First Phosphate direct access to both rail and deep-water vessel transportation routes, ensuring streamlined delivery to North American and international markets—including key offtake partners in Europe. The project site will also benefit from significant industrial infrastructure, existing utilities, and future expansion opportunities. According to Passalacqua, this positions First Phosphate to pursue full vertical integration—from upstream phosphate extraction and processing to downstream LFP (lithium iron phosphate) battery material production. This agreement marks a crucial step in First Phosphate’s long-term strategy to become a vertically integrated North American supplier of critical battery materials, with a focus on environmentally responsible technology and global market reach. #proactiveinvestors #firstphosphatecorp #cse #phos #otcqb #frspf #phosphate #CriticalMinerals #BatteryMaterials #LFPCathode #FirstPhosphate #CanadaMining #GreenEnergy #SupplyChain #QuebecMining #EVBatteries #dod