Under the terms of the non-binding MOU, and subject to the parties entering into a mutually agreeable definitive sulfuric acid supply agreement, First Phosphate agrees that NorFalco will supply the sulfuric acid required for First Phosphate’s future phosphoric acid and other industrial facilities located in Quebec, Canada. The companies will continue to work together over the term of the MOU, aiming towards a definitive supply agreement.

“We are pleased to have the support of NorFalco, Canada’s largest supplier and an industry leader in the marketing and distribution of sulfuric acid,” states First Phosphate CEO, John Passalacqua. “This agreement is a significant first step in what we expect to be a meaningful ongoing supply relationship. An agreement with NorFalco secures a key and often overlooked raw material from a major local supplier for the future development and growth of First Phosphate’s industrial activities.”

As previously announced, First Phosphate is pursuing the sustainable development of a phosphoric acid facility anticipated at Port of Saguenay, Quebec together with partner Prayon Technologies SA of Belgium. Sulfuric acid is a key input in the production of phosphoric acid. The phosphoric acid plant will be a key pillar in the development of a localized LFP battery supply chain in North America.