First Phosphate’s John Passalacqua on Global Trade Policies, Tariffs, and the LFP Market

February 6, 2025 — In a recent interview with Tracy Hughes of Investor.News, John Passalacqua, CEO and Director of First Phosphate Corp. (CSE: PHOS | OTCQB: FRSPF), discussed the impact of global trade policies and tariffs on the company’s operations. Passalacqua expressed a bullish outlook for First Phosphate, citing significant governmental support in Canada for critical minerals projects, which he believes could signal a shift towards greater investment in domestic infrastructure and resources. Passalacqua noted the extensive discussions by various levels of the Canadian government in recent years regarding support for critical minerals projects, which he believes will lead to more readily available capital, fostering a positive trajectory for the company’s initiatives in Canada.

Further elaborating on the company’s recent successes, Passalacqua attributed the strong performance of First Phosphate’s stock to consistent execution and strategic advancements, even during fluctuating market conditions. “Our execution I think just speaks louder than words,” he stated, underscoring the company’s resilience and operational efficiency. Looking ahead, Passalacqua outlined key developments for First Phosphate, including the commencement of feasibility studies on their mine and production facilities, and hinted at the potential impacts of international policy changes on the market for Lithium Iron Phosphate (LFP) technologies. He also encouraged shareholders and interested parties to stay informed through the company’s website and updates, promising continued progress and strategic positioning in the LFP battery supply chain.

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About First Phosphate Corp.

First Phosphate (CSE: PHOS | OTCQB: FRSPF | FSE: KD0) is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in a responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate is owner and developer of the Bégin-Lamarche Property in Saguenay-Lac-St-Jean, Quebec, Canada that consists of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of harmful concentrations of deleterious elements.

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This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.