First Phosphate (ADR) (PHOS)
Developing Québec phosphate and battery-material projects for North American LFP supply chains.
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Develops Québec phosphate properties and planned acid and iron-phosphate facilities for the LFP battery supply chain, with future revenue intended to come from product sales under offtake and supply contracts. The pre-revenue model depends on advancing an integrated mine-to-market project in one Québec region.
Develops Québec igneous phosphate deposits alongside planned purified-phosphoric-acid and iron-phosphate facilities intended for the North American lithium iron phosphate battery chain. Bégin-Lamarche is the primary late-exploration asset; Lac à l'Orignal is a secondary property, while planned downstream plants would turn concentrate into acid and cathode-material precursor.
Executes through drilling, metallurgy, engineering studies, technology relationships, government-backed work, and future offtake contracts rather than an operating mine or commercial product line. Assets and proposed facilities are concentrated in Saguenay–Lac-Saint-Jean, near road, hydroelectric, workforce, and port infrastructure. Development remains conditional on feasibility, financing, permits, construction, commercial scale-up, customer qualification, and partner performance.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Not reported.
No dividends on record.
No ownership filings on record for this listing.
- Nutrien
North American PPA incumbent with integrated phosphate operations.
- ICL
Battery-grade PPA and phosphate-input supplier to LFP makers.
- POSCO (ADR)
Group-backed LFP CAM producer pursuing North American ESS demand.
- Mosaic
Large integrated phosphate miner and phosphoric-acid producer.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Phosphate (ADR) | $16.84 | −0.94% | $3.06B | — | — | — | — |
| Nutrien | $74.50 | −0.05% | $35.78B | 15.1 | 14.2 | 1.3 | +0.3% |
| ICL | $5.36 | +0.28% | $6.89B | 22.2 | 12.2 | 0.9 | +16.5% |
| POSCO (ADR) | $58.39 | +0.55% | $17.57B | 15.4 | 15.7 | 0.3 | +4.3% |
| Mosaic | $24.11 | +0.17% | $7.65B | 126.7 | 26.5 | 0.6 | −6.0% |
| Median | 18.8 | 14.9 | 0.8 | +2.3% |