First Phosphate Corp. (PHOS)

First Phosphate Corp. is a Canadian mineral development company focused on extracting and processing phosphate for use in lithium iron phosphate (LFP) batteries. The company's projects are located in the Saguenay-Lac-Saint-Jean region of Quebec, where it holds igneous phosphate deposits that are generally lower in heavy metals and other impurities than many sedimentary sources.

Its strategy is to build a vertically integrated North American supply chain for battery-grade phosphate materials, moving from mining and concentrate production toward purified phosphoric acid and LFP cathode active material. The company aims to supply battery and electric vehicle makers seeking domestic, traceable sources of critical inputs, and it also sees potential uses in fertilizer and industrial markets.

First Phosphate is based in Quebec and is also listed in Canada. In the United States, its American Depositary Shares trade on the Nasdaq market under the ticker PHOS.