First Phosphate Corp. announced that it has signed a memorandum of understanding ("MOU") with Craler Inc. ("Craler") for the development of the Company's global freight logistical competencies to and from the Saguenay-Lac-St-Jean region of Quebec, Canada. The terms of the agreement include: First Phosphate and Craler are to work towards determining the local logistical footprint for the movement of First Phosphate products and supplies to and from the Company's mining properties in Saguenay, Quebec to the Port of Saguenay, Quebec.

First Phosphate and Craler are to work towards determining the North American logistical footprint for the movement of the Company's products and supplies to and from Saguenay, Quebec and the rest of North America and the world. First Phosphate and Craler are to work towards determining options for encouraging the establishment of a local production source of lithium carbonate /hydroxide at the Port of Saguenay, Quebec as well as the logistical options for the importation of lithium carbonate /hydroxide from other parts of North America and the world to the Port of Saguenay, Quebec. First Phosphate and Craler are to work towards the best electrification procedures to implement at the Company's prospective mine site and between the mine site and Port of Saguenay, North America and the world.

The companies are to study the various logistical options available during the various stages of project development so as to minimize carbon footprint of the Company's overall operations. Special emphasis is to be placed on logistics that connect First Phosphate product and supply requirements to and from the automobile industry heartland of North America in the Windsor-Detroit corridor as well as to other regions of the US and Mexico. Craler is to join the First Phosphate project team and begin to ideate the best overall project-based logistics necessary to integrate the Company's product and supply flows across North America and the world.

First Phosphate and Craler are to work together to make the economic, social and job creation benefits of their arrangement known to the Quebec, Canadian and US governments.