Climate Change Data

First Phosphate Corp.

Climate Impact & Sustainability Data (2022, 2023-01-01)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • low-carbon-footprint
  • ESG-compliant

Environmental Achievements

  • Access to clean Hydro Québec power
  • ESG-driven, low carbon deposit type at surface
  • The Lac à l’Orignal Deposit contains very low levels of potentially hazardous components, such as arsenic, heavy metals and radioactivity.

Social Achievements

  • Ethical supply source in mining friendly Quebec, Canada
  • Secure and ethical supply source in mining friendly Quebec, Canada

Governance Achievements

  • Deeply invested management, board; tight share structure

Climate Goals & Targets

Long-term Goals:
  • Integrate directly into Battery Cells and Packs
  • Fully Recycle and Sell ESG Grade Gypsum Byproduct
Medium-term Goals:
  • Drill Lac à l'Orignal property to expand resource
  • Drill Bégin-Lamarche property to quantify potential
Short-term Goals:
  • Expand advanced formulation and process integration partnerships in mining and other industries
  • Potential preliminary PEA for Lac à l'Orignal

Environmental Challenges

  • Securing access to clean igneous rock-based phosphate deposits in politically safe production jurisdictions
  • Needs of the North American LFP Battery Industry: High Purity, Ethical Source, Low Carbon Footprint Dedicated North American Phosphate Supply
Mitigation Strategies
  • Partnership with Queen’s University in Advanced Formulation and Process Integration
  • Develop advanced methods of separation and refinement for the First Phosphate deposit that are clean, ESG-driven and can deliver a critical supply of low-carbon-footprint phosphate battery material for the LFP battery industry.

Supply Chain Management

Responsible Procurement
  • Secure and ethical supply source

Climate-Related Risks & Opportunities

Reporting Period: 2023-01-01

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Extraction without solvents
  • Environmentally friendly closed-loop refining
  • Process using Hydro-Québec's clean energy
  • Low carbon footprint

Social Achievements

  • Ethical sourcing for the battery industry
  • Partnership with Port Saguenay for access to global markets and industrial footprint
  • Collaboration with local communities and stakeholders

Governance Achievements

  • Strong management team with extensive experience in mining, finance, and ESG
  • Advisory board with expertise in phosphate geology, battery technology, and sustainability
  • Commitment to transparency and ethical business practices

Climate Goals & Targets

Long-term Goals:
  • Become a leading supplier of LFP-grade phosphate for the North American battery market
Medium-term Goals:
  • Develop a pilot plant for concentration and advanced processing
Short-term Goals:
  • Complete metallurgical testing and Preliminary Economic Assessment (PEA)

Environmental Challenges

  • Supply chain disruptions
  • Competition in the LFP battery market
  • Securing additional capital for project development
Mitigation Strategies
  • Strategic partnerships with industry players
  • Focus on high-purity phosphate rock from igneous anorthosite
  • Exploration of additional phosphate deposits

Supply Chain Management

Responsible Procurement
  • Ethical sourcing of phosphate rock

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • High-purity phosphate rock for LFP batteries