First Phosphate Corp. received a mining research and innovation grant from the Quebec Ministry of Natural Resources and Forestry. The grant provides financial support to the Company in the way of $315,236 to continue mineralogical study on its apatite, ilmenite and magnetite concentrates.

The project also includes the processing of the Company's mine tailings for re-use in the cement construction industry. The Company's objective is to see the development of a lithium iron phosphate (LFP) battery valley in the Saguenay-Lac-St-Jean region of Quebec, one which can service demand for LFP battery cathode active material across North America.