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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.