First Phosphate Corp CEO John Passalacqua joined Steve Darling from Proactive to share exciting news about the company's latest development. First Phosphate Corp has signed a non-binding memorandum of understanding with NorFalco, a division of Glencore Canada, to secure a supply of sulfuric acid for its future industrial facilities in Saguenay-Lac-St-Jean, Quebec.
Passalacqua explained that under this agreement, NorFalco will be responsible for supplying the sulfuric acid required for First Phosphate's future phosphoric acid and other industrial facilities located in Quebec, Canada. The two companies will continue to work together over the term of the MOU, with the goal of reaching a definitive supply agreement.
This partnership with NorFalco represents a significant first step in establishing an ongoing supply relationship with a major local supplier. Securing a reliable source of sulfuric acid is a crucial aspect of First Phosphate's operations, as it is a vital component in the production of phosphoric acid and other industrial processes.
The MOU with NorFalco reflects First Phosphate's commitment to building strong partnerships with reputable suppliers to ensure the successful development and operation of its industrial facilities in Quebec. This strategic move positions the company to meet its sulfuric acid requirements and advance its phosphate projects in the region.
Proactive Investors Canada
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First Phosphate Corp.
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