Canada May Finally Be Backing Its Battery Supply Chain | John Passalacqua - First Phosphate
The Deep Dive May 1, 2026
Summary
First Phosphate is building a mine-to-market LFP battery supply chain in Quebec, with plans for a mine, phosphoric acid plant, and downstream facilities.
Denmark's export credit agency has indicated interest in supporting up to €170 million of supplies, significantly de-risking the project's capital stack.
Canada adding phosphate to its top critical minerals list and the proposed Canada Strong Fund could provide major catalysts for domestic phosphate development.