Saguenay, Quebec - Newsfile Corp. - November 17, 2023 - First Phosphate Corp. (CSE: PHOS) (OTC Pink: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") applauds comments regarding the lithium iron phosphate ("LFP") battery supply chain in North America by Nobel Laureate, Stanley Whittingham, at the Benchmark Week 2023 conference held this week in Los Angeles, California. 

Benchmark Source reported that, "The US should work with Canada to build a regional supply chain for batteries and has 'everything it needs' to build cheaper lithium iron phosphate (LFP) cells, Whittingham said. We have lithium in this country, we have iron in this country, we have phosphorus in this country and we clearly have lots of oxygen. So we have everything we need in North America to make LFP. That will involve the US working with Canada on the extraction of raw materials for batteries, he added."

First Phosphate believes that Quebec igneous anorthosite phosphate rock is an untapped source of high purity phosphate which can potentially be mined and transformed into large quantities of purified phosphoric acid (PPA) to service North America's need for the production of LFP cathode active material to meet electrification targets.

Research studies on Quebec igneous anorthosite can be found at:

https://firstphosphate.com/phosphate-industry/quebecanorthosite

Details on First Phosphate's pilot plant for the purification of Quebec igneous anorthosite can be found at:

https://firstphosphate.com/projects/pilot-plant

Details on First Phosphate's assets in the Saguenay-Lac-St-Jean region of Quebec, can be found at: https://firstphosphate.com/projects/prized-assets

Details on First Phosphate's strategy for the creation of a fully integrated LFP battery supply chain in North America based on establishing an LFP battery valley in the Saguenay-Lac-St-Jean region of Quebec can be found at: https://firstphosphate.com/lfp-battery-strategy

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the LFP battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint.

First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing.

First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements. *