First Phosphate Secures Quebec "Filon'' Fast Track Status – Fully Financed to FID

Today’s episode features **John Passalacqua, CEO and Director of** First Phosphate**.** First Phosphate Corp is a Canadian mineral development company focused on extracting and purifying phosphate for the lithium iron phosphate (LFP) battery industry, with significant projects in Quebec. **CSE:** PHOS – **FSE:** KD0 – **OTCQX:** FRSPF Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST ***NB - Recorded on Monday 2nd February 2026 AM*** **John Passalacqua, CEO of First Phosphate, explains:** \* The different types of phosphate that exist \* The importance of lithium iron phosphate (LFP) and Purified Phosphoric Acid (PPA) \* LFP uses, current supply and demand dynamics and why the future is very bright \* How First Phosphate is positioned to take advantage of this situation \* CATL, China’s largest producer and their recent large orders. \* Saguenay-Lac-Saint-Jean, Quebec, the region & the Begin-Lamarche site \* The importance of the agreement with Port Saguenay to establish the Phosphoric Acid Plant and to create a green supply chain \* Shares, managements skin in the game and the team that make up First Phosphate \* How much of an impact the phosphate price is on operations \* Why phosphate and lithium have to work hand in hand to benefit from the coming squeeze \* And much more **Useful Company Information/Press Releases** **CSE:** PHOS – **FSE:** KD0 – **OTCQX:** FRSPF First Phosphate Website First Phosphate LinkedIn First Phosphate X First Phosphate YouTube First Phosphate general corporate video: Mine site video: https://www.firstphosphate.com/BeginLamarche3D Latest visit by Natural Resources Minister Hodgson to our future phosphate processing site: https://firstphosphate.com/minister-visit-first-phosphate-port-saguenay/ Our latest site visit with local, federal and international dignitaries. A strategic igneous phosphate resource for Europe?: We recently announced our agreement with Port Saguenay for our phosphoric acid facility. Please see who was present: https://firstphosphate.com/first-phosphate-port-saguenay-agreement/ We recently created the first LFP batteries from fully North American critical minerals: https://firstphosphate.com/first-phosphate-produces-lfp-battery-cells-using-north-american-critical-minerals/ This development was presented at the OREBA3 conference in Montreal: The very accessible and green-produced **phosphate from Lac-St-Jean is at the heart of the Bloc’s proposed strategy for Quebec’s economy** in the context of the trade and climate crises. It is a strategic and critical mineral whose niche is included in the list of Quebec’s eight characteristic economic sectors. It is essential for electric transportation, and the **First Phosphate project is a regional success that will help mitigate the effects of tariffs on wood and aluminium.** Congratulations to our colleagues in the region! A recent post from the Belgian Embassy in Ottawa: https://www.linkedin.com/posts/belgiumincanada\_canada-criticalminerals-quaezbec-activity-7341926800085663744-LlFH/? Our management and board works almost entirely for shares in the company to preserve cash for corporate development and as we believe in the future of what we are building. Our board often buys stock in the market. Our CEO also personally bought $650,000 of stock in the market between January 2025 - May 2025 while the global trade war situation was at full peak to support our stock and our shareholders. https://www.linkedin.com/feed/update/urn:li:activity:7423301949120335872/ **Unlock Paid Access** Paid subscribers receive high-conviction written research, weekly commodity and market wraps with clear traffic-light signals, and early access to podcasts and bonus macro insights, all designed to support capital protection and asymmetric opportunity spotting. Thank you for being part of The Contrarian Capitalist community! ***DISCLAIMER:*** Nothing in this podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. **Please also note that The Contrarian Capitalist does not have a position in First Phosphate at the time of this recording.** This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe