First Phosphate Corp. has selected the Saguenay-Lac-St-Jean region of Quebec, Canada as the site for its new iron phosphate plant, key to the production of cathode active material (pCAM) used in lithium iron phosphate (LFP) batteries.
About the new iron phosphate plant
This plant, known as First Saguenay, will be capable of producing up to 10,000 tons per year and represents an important step in the supply chain of battery supply chain North American battery supply chain.
[post_relacionado]This project not only promises a technological breakthrough in the development of LFP batteries, but will also generate around 100 new high-tech jobs in the region, with the support of several local stakeholders, such as Promotions Saguenay and the Saguenay-Le Fjord Chamber of Commerce and Industry. In addition, the plant is strategically located near the Port of Saguenay, which will facilitate the transportation of products both within and outside the country.
The company has also signed a lease agreement with Logistique Proco Inc. which will act as the main contractor for the construction and refurbishment of the facility. The initial investment for First Saguenay’s operations is estimated at US$65 million (Cdn$90 million) and initial production is scheduled to begin in 2026. This project seeks to strengthen the LFP battery value chain in North America, driving economic growth in the region and contributing to global efforts of decarbonization efforts.
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Source and photo: First Phosphate