First Phosphate Secures $4.84 Million in Federal Infrastructure Funding

CSE: PHOS | OTCQX: FRSPF | OTCQX ADR: FPHOY | FSE: KD0

Overview

First Phosphate Corp. announced that it has finalized additional agreements for a total of $4.84 million non-repayable contributions from the Government of Canada through Natural Resources Canada's ("NRCan") First and Last Mile Fund ("FLMF") for the development of the Bégin-Lamarche Phosphate Deposit, according to the company.

The company stated that these contributions comprise two components, power transmission infrastructure and road infrastructure, and build, in addition, to the $16.7 million in funding already made available by NRCan in March 2026 through the Global Partnerships Initiative to support the advancement of First Phosphate's Bégin-Lamarche deposit.

Key Highlights

Total non-repayable contribution announced: $4.84 million from the Government of Canada through NRCan's First and Last Mile Fund.
Power transmission line project: total non-repayable contribution of approximately $3.07 million.
Road infrastructure project: total non-repayable contribution of approximately $1.77 million.
Builds on $16.7 million in funding already made available by NRCan in March 2026 through the Global Partnerships Initiative.
The financial contribution covers eligible activities planned through 2030, in accordance with the terms of the agreement, according to the company.

Strategic/Operational Context

According to the company, the power transmission line project will involve a study to confirm the viability of clean energy infrastructure, including site selection and the identification of connection corridors, a feasibility study, and the design of a 161-kV transmission line and substations in the Saguenay-Lac-Saint-Jean region. The company stated that the project will include technical analyses, cost estimates, environmental studies, and public and Indigenous consultation.

The company stated that the road infrastructure project will involve preparatory work necessary for the construction of a new access road and will identify the preferred option for upgrading bypass roads to support transportation between the Bégin-Lamarche phosphate mine and regional infrastructure, including rail links and the Port of Saguenay. According to the company, the project will include pre-feasibility and feasibility studies (technical, environmental, and economic), design of the work, required environmental studies, as well as a traffic analysis and public and Indigenous consultation.

"Canada has what the world wants, and we are building the infrastructure required to get those resources to diverse markets," said the Honourable Tim Hodgson, Minister of Energy and Natural Resources. "Investments like these help unlock our full potential by connecting projects to the infrastructure they need to move forward, creating jobs, strengthening supply chains and delivering lasting prosperity for Quebec and Canada."

"Canada and Quebec have an opportunity to become a reliable supplier of the critical minerals the world needs for the technologies and industries of the future," said Claude Guay, Parliamentary Secretary to the Minister of Energy and Natural Resources. "We are supporting critical minerals projects in Saguenay-Lac-Saint-Jean and beyond to strengthen Canadian supply chains, create economic opportunities, and build Canada Strong."

"This support from the Government of Canada for First Phosphate sends a strong message to our investors and partners in Quebec, Canada, and internationally," said Armand MacKenzie, President of First Phosphate. "It reinforces confidence in our ability to carry out this strategic mining project and deliver our high-purity igneous phosphate to the market on schedule."

According to the company, these projects will support the production of critical minerals in the Saguenay-Lac-Saint-Jean region of Quebec and address gaps in clean energy and transportation infrastructure that limit the production and expansion of critical minerals in the Saguenay-Lac-Saint-Jean region of Quebec.

Resources and Financials

Power transmission line project contribution: approximately $3.07 million.
Road infrastructure project contribution: approximately $1.77 million.
Combined total non-repayable contribution: $4.84 million.
Prior NRCan funding (March 2026, Global Partnerships Initiative): $16.7 million.

What to Watch Next

Completion of the study, feasibility study, and design of the 161-kV transmission line and substations, including technical analyses, cost estimates, environmental studies, and public and Indigenous consultation.
Completion of pre-feasibility and feasibility studies, design work, environmental studies, and traffic analysis for the road infrastructure project, including public and Indigenous consultation.
Eligible activities under the contribution agreements are planned through 2030, in accordance with the terms of the agreement, according to the company.

About Natural Resources Canada

Natural Resources Canada ("NRCan") is the federal department responsible for developing policies and programs to ensure the sustainable and responsible development of Canada's natural resources. Through its initiatives and funding programs, including the First and Last Mile Fund, NRCan supports projects that contribute to stronger supply chains, industrial innovation, and Canada's competitiveness in the energy, mining and forest products sectors.

About First Phosphate Corp

First Phosphate (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) is a mineral exploration and development and clean technology company dedicated to building and reshoring a vertically integrated mine-to-market supply chain for the production of LFP batteries in North America. Target markets include energy storage, data centers, robotics, mobility, and national security.

First Phosphate's flagship Bégin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Québec, Canada, represents a rare North American igneous phosphate resource producing high-purity phosphate characterized by very low levels of impurities.

Read full press release here.

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