Northwire Canada EditionTuesday, August 11, 2026
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CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8% CN 0.190 +18.8% URE 1.98 +2.1% ALS 62.34 −1.3% AAUC 30.98 +1.6% RYR 0.190 −5.0% ECU 1.77 −4.3% GLAD 3.34 +2.5% IMG 25.63 +0.3% RUSH 0.080 +14.3% HMMC 6.76 +4.0% APX 0.060 +0.0% CBLT 0.050 +0.0% AIR 0.065 +8.3% PRU 5.54 +1.8% TOM 0.160 +14.3% QCX 0.235 +6.8%
Drill Results

First Phosphate Accelerates 30,000 Metre Drilling Program to Provide Final Geological Model for its Begin-Lamarche Igneous Phosphate Property

By The Northwire Desk — AI Analysis Oct 21, 2025 · 07:11 PHOS · 0.91 First Phosphate Corp.
PHOS · Price

Executive Summary

  • First Phosphate Corp. will commence a 30,000‑metre accelerated drill program at the Bégin‑Lamarche property in Saguenay‑Lac‑St‑Jean, Quebec, starting October 2025 and targeting completion by April 2026.
  • The program is fully funded by recent financings and aims to build on the company’s initial resource estimate (effective 9 Sept 2024) and confirm the final geological model for the deposit.
  • Drilling will cover the entire 2.5 km known phosphate mineralization zone at 50 m × 50 m intervals, initially using two rigs and scaling to four by mid‑November; operations are managed by Laurentia Exploration with drilling contractors First Nations Drilling and Forages Diafor.

Key Details

  • Program Scope: 30,000 m total depth; full 2.5 km mineralized zone; spacing 50 m × 50 m.
  • Timeline: Start October 2025; ramp‑up to four rigs by mid‑Nov 2025; expected completion April 2026.
  • Funding: Entirely financed through recent capital raises (details not disclosed in release).
  • Management: Program overseen by Laurentia Exploration (Jonquière, QC); drilling executed by First Nations Drilling (Mashteuiatsh, QC) and Forages Diafor (Rivière‑Héva, QC).
  • Strategic Goal: Validate and expand the initial resource estimate to support a vertically integrated lithium‑iron‑phosphate (LFP) cathode active material supply chain in Quebec.
  • Infrastructure Proximity: Property is ~70 km from the deep‑sea Port of Saguenay and planned secondary phosphate processing plant, as well as the future LFP CAM production facility in La Baie.
  • Qualified Person: Release reviewed and approved by Gilles Laverdière, P.Geo., Chief Geologist, Qualified Person under NI 43‑101.

Notable Quotes

“We have Bégin‑Lamarche on an accelerated development path to support potential full vertical integration of the Company’s future lithium iron phosphate (LFP) cathode active material (CAM) operations in Saguenay‑Lac‑St‑Jean, Quebec.” – John Passalacqua, CEO, First Phosphate Corp.

Read the original news release →

More from First Phosphate Corp.

Jun 22, 2026 · 09:00

Quebec's Igneous Phosphate Play Secures G7 Backing and Offtake, But Pre-Revenue Status and Execution Risks Remain

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Phosphate junior turns G7 summit into a ribbon-cutting ceremony, but the real heavy lifting — permits, funding, and production — still lies years ahead.

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Quebec Igneous Phosphate Developer Secures $15.4M at Premium to Fund LFP Battery Supply Chain Push

Financings May 28, 2026 · 16:16

First Phosphate rewards loyal backers with premium placement as resources swell.

Financings May 26, 2026 · 07:11

First Phosphate triples indicated resource at Bégin‑Lamarche, reinforcing its pivot from junior explorer to LFP‑scale anchor.

Resource Estimate May 05, 2026 · 09:00

Capital Structure Clean-Up Meets Analyst Bull Case on Phosphate Supply Chain

Production / Operations