First Phosphate Corp. Reports Promising Economic Assessment for Quebec Project

First Phosphate Corp. ( (TSE:PHOS) ) has shared an announcement.

First Phosphate Corp. announced the positive results of its Preliminary Economic Assessment (PEA) for the Bégin-Lamarche Property in Quebec. The assessment highlights the project’s potential to produce an annual average of 900,000 tonnes of phosphate concentrate and 380,000 tonnes of magnetite over a 23-year mine life, with a significant pre-tax net present value of $2.100 billion and an internal rate of return of 37.1%. The project benefits from existing infrastructure, which reduces initial capital expenditure, and has no outstanding royalties or financing streams, positioning it favorably for future development and stakeholder interest.

More about First Phosphate Corp.

First Phosphate Corp. operates in the mining industry, focusing on the extraction and production of phosphate concentrate and magnetite recoveries. Their market focus is on developing economically viable mining projects, particularly in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.

YTD Price Performance: -40.0%

Average Trading Volume: 78,987

Technical Sentiment Consensus Rating: Buy

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