Ellis Martin Report: First Phosphate Corp. (CNSX:PHOS) Completes 40,000M Drill Program, Confirms Resource Continuity And New Zones

(MENAFN- ABN Newswire) Malibu, CA, Mar 31, 2026 AEST (ABN Newswire) - Join The Ellis Martin Report for a conversation with John Passalacqua, CEO of First Phosphate Corp. (CNSX:PHOS ) (FRSPF:OTCMKTS ) (KD0:FRA ), as the company advances a vertically integrated, North American supply chain for lithium iron phosphate (LFP) batteries.
First Phosphate recently secured a C$16.7 million non-repayable contribution from the Government of Canada, reinforcing its role in building a domestic critical minerals ecosystem. The funding supports feasibility work and engineering studies as the company moves toward a final investment decision.
At the same time, the company has completed an expanded 40,000-meter drill program at its flagship Begin-Lamarche project in Saguenay-Lac-Saint-Jean, Quebec. The results confirm strong continuity of high-purity phosphate mineralization and include new discoveries in both northern and southern zones, strengthening the overall geological model.
In this interview, we discuss:
Why LFP batteries are rapidly replacing traditional lithium-ion chemistries
The importance of phosphate as 61% of the LFP battery composition
The strategic need to onshore battery supply chains in North America
Progress toward feasibility and production decisions
The significance of government backing and non-dilutive funding
With strong technical validation, government support, and a clear path forward, First Phosphate is positioning itself as a key player in the future of energy storage, data centers, robotics, mobility, and national security applications.
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About First Phosphate Corp.

First Phosphate Corp. (CNSX:PHOS) (OTCMKTS:FRSPF) (FRA:KD0) is a mineral development and cleantech company dedicated to building and onshoring a vertically integrated mine-to-market lithium iron phosphate (LFP) battery supply chain for North America. Target markets include energy storage, data centers, robotics, mobility and defense.

First Phosphate's flagship Begin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, Canada is a North American rare igneous phosphate resource yielding high-purity phosphate with minimal impurities.

About The Ellis Martin Report

The Ellis Martin Report (TEMR) and Money Talk Radio feature interviews with industry leaders in mining, biotech, energy, and technology. The program is globally syndicated through multiple financial platforms and streaming services.

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