First Phosphate Corp. has announced that it has signed a memorandum of understanding (MOU) with Port of Saguenay, a further step in the implementation of the Company’s six-phase integration plan for the North American lithium iron phosphate (LFP) battery market. The MOU engages discussions between the parties to provide the Company with potential deep-sea access to ship phosphate concentrate internationally and greenfield land on which to build its facilities. The deal comes on the heels of newly-re-elected Quebec Premier Francois Legault’s electoral commitment to invest $117.2 million in infrastructure at the Port of Saguenay. Former international journalist and Canadian Member of Parliament Peter Kent was appointed as President of First Phosphate at the end of September.
