First Phosphate (ADR)
Developing Québec phosphate and battery-material projects for North American LFP supply chains.
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Profile
Develops Québec phosphate properties and planned acid and iron-phosphate facilities for the LFP battery supply chain, with future revenue intended to come from product sales under offtake and supply contracts. The pre-revenue model depends on advancing an integrated mine-to-market project in one Québec region.
Develops Québec igneous phosphate deposits alongside planned purified-phosphoric-acid and iron-phosphate facilities intended for the North American lithium iron phosphate battery chain. Bégin-Lamarche is the primary late-exploration asset; Lac à l'Orignal is a secondary property, while planned downstream plants would turn concentrate into acid and cathode-material precursor.
Executes through drilling, metallurgy, engineering studies, technology relationships, government-backed work, and future offtake contracts rather than an operating mine or commercial product line. Assets and proposed facilities are concentrated in Saguenay–Lac-Saint-Jean, near road, hydroelectric, workforce, and port infrastructure. Development remains conditional on feasibility, financing, permits, construction, commercial scale-up, customer qualification, and partner performance.
Company facts
Key statistics
Average volume (30d) 12.7K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
Not reported.
Dividends
No dividends on record.
Ownership
No 13F, 13D/G or Form 4 filing on record for this listing.
Peers
- Nutrien
North American PPA incumbent with integrated phosphate operations.
- ICL
Battery-grade PPA and phosphate-input supplier to LFP makers.
- POSCO (ADR)
Group-backed LFP CAM producer pursuing North American ESS demand.
- Mosaic
Large integrated phosphate miner and phosphoric-acid producer.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Phosphate (ADR) | $17.80 | +2.30% | $3.20B | — | — | 0.0 | — |
| Nutrien | $73.84 | +0.44% | $35.29B | 14.9 | 13.7 | 1.3 | +0.3% |
| ICL | $5.71 | +2.06% | $7.23B | 23.3 | 12.6 | 0.9 | +16.5% |
| POSCO (ADR) | $60.25 | −0.02% | $18.22B | 17.3 | 14.2 | 0.4 | +12.1% |
| Mosaic | $23.71 | +0.38% | $7.50B | 124.2 | 25.5 | 0.6 | −6.0% |
| Median | 20.3 | 14.0 | 0.8 | +6.2% |







