First Phosphate agrees to collaboration agreement with Pekuakamiulnuatsh First Nations
April 17, 2024 at 12:57 pm EDT
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First Phosphate Corp CEO John Passalacqua and Vice President of Government Relations Armand Mackenzie joined Steve Darling from Proactive to announce the company and the local First Nations, Pekuakamiulnuatsh Takuhikan have announced the signing of a collaboration agreement with respect to its proposed phosphate mine and Lithium Iron Phosphate cathode active material plant project in the Saguenay-Lac-Saint-Jean Region of Quebec, Canada.
The agreement sets out guidelines regarding employment opportunities, business horizons, environmental protection across the Nitassinan or ancestral lands , harmonization of exploration work with the members of the First Nation who occupy the Nitassinan, and the supervision of future work.
Future access to the industrial park at Mashteuiatsh for Project development and financial participation in the Project by the First Nation are under consideration. The First Nation is also committed to collaborating with the Company in the establishment of rare igneous phosphate as a critical and strategic mineral at the Canadian federal levels of government.
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Proactive Investors
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First Phosphate Corp. is a Canada-based mineral development company. The Company is engaged in extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (LFP) battery industry. It holds over 1,500 square kilometers (sq. km) of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada. Its properties consist of anorthosite igneous phosphate rock that generally yields high purity phosphate materially devoid of high concentrations of harmful elements. The Company's properties include Lac a l'Orignal, Begin - Lamarche, Bluesky Area, and Larouche. All the properties consist of a series of staked claims and claims acquired under various option agreements in the Saguenay-Lac-St-Jean region of Quebec. The claims are 100% owned by the Company and are free of net smelter royalties. These properties are in the exploration stage.