First Phosphate Reports High-Grade Assay Results from Quebec Drill Program

First Phosphate Corp has released the latest set of assay results from its ongoing 25,000-meter drill program at the Begin-Lamarche project in Quebec. The results include several high-grade intersections, further demonstrating the robust mineralization potential of the project. These findings are significant as they indicate the project's potential to become a substantial source of high-quality phosphate material for both the battery and agriculture industries, addressing growing global demand for these critical materials.

The highlights of the latest drill results show exceptional mineralization in multiple zones. In the Phosphate Mountain Zone, drill hole BL-24-56 intersected 11.82% P2O5 over 92.5 meters from a surface depth of 6.5 meters. This zone exhibits a thick layer of phosphate-bearing nelsonite outcropping on the surface, with several other high-grade intersections exceeding 10% P2O5. The Phosphate Mountain Zone is merging with the Northern Zone, which has delineated a 500-meter-thick phosphate mineralized envelope containing up to five individual layers ranging from 60 to 100 meters in thickness. The combined strike length of the Phosphate Mountain Zone and the Northern Zone is approximately 600 meters.

Additional significant results were observed in the Northern Zone, where drill hole BL-24-40 intersected 7.76% P2O5 over 88.2 meters from a depth of 186.0 meters, including 9.33% P2O5 over 61.2 meters. Positive results were also recorded in the Northwestern Zone and Southern Zone, indicating the project's robust mineralization potential across multiple areas. With a total of 23,398 meters drilled to date, assays from 9,155 meters have been completed, while 4,691 samples are still pending at the laboratory.

The implications of these results are substantial for the global battery supply chain. High-grade phosphate is essential for lithium iron phosphate (LFP) batteries, which are increasingly favored in the electric vehicle industry due to their safety, longevity, and cost-effectiveness. As the world transitions to cleaner energy and transportation systems, securing domestic sources of battery-grade phosphate becomes strategically important for reducing reliance on foreign supplies and ensuring supply chain security. The agricultural sector also stands to benefit from additional phosphate sources, as phosphate fertilizers remain crucial for global food production.