First Phosphate Corp. · CSE:PHOS
First Phosphate — Investor Presentation (January 2026)
29 slides from First Phosphate's investor presentation, Jan 5, 2026
Slide 1: Investor Presentation
CSE:PHOS | FSE:KD0 | OTCQX:FRSPF Investor Presentation 1 January 5, 2026 Igneous Phosphate for the Lithium Iron Phosphate (LFP) Battery Industry
Slide 2: Legal Disclaimer
Legal Disclaimer GENERAL The information contained in this presentation has been prepared by First Phosphate Corp. (the “Company”, “we”, “us”, or “our”) and contains confidential information pertaining to, among other things, the business, assets, operations, capital, management and prospects of the
Slide 3: Lithium Iron Phosphate (LFP) is the Leading Battery Chemistry
Lithium Iron Phosphate (LFP) is the Leading Battery Chemistry In 2025, LFP Battery Cells are Expected to Command 63% of Global Battery Production LFP Global Growth Forecast Projected Global LFP Battery Usage, 2022–2030 (GWh) $ $ 49.9 The Global Lithium Iron Phosphate Battery Market was valued at app
Slide 4: LFP is Versatile Technology of Mass Market Adoption
LFP is Versatile Technology of Mass Market Adoption EVs are only 7.1% of the LFP category • Superior fire safety (much less heat produced) • Well defined performance (lower capacity loss, structurally more stable) • Lowest cost battery on the market (input material pricing) • Longer longer life, low
Slide 5: The Lithium Market Has Reacted to LFP and Phosphate as well
The Lithium Market Has Reacted to LFP and Phosphate as well Goldman Sachs, UBS, Citigroup, Bernstein: Elon Musk: “Just by adding stationary batteries to the ● lithium demand to surge due to rapid buildout of grid, we could double electricity production in the USA.” energy storage batteries on power
Slide 6: LFP Battery Requires Large Amounts of High Purity Phosphate
LFP Battery Requires Large Amounts of High Purity Phosphate LFP Powder (LiFePO4) LFP Battery Li 4% Could high purity phosphate be the one Fe material that chokes out 35% the development of LFP if we cannot produce it ? PO4 61% Phosphate (PO4): 61% Iron (Fe): 35% Lithium (Li): 4% Source: https://www.
Slide 7: LFP Battery Requires Scarce Purified Phosphoric Acid
LFP Battery Requires Scarce Purified Phosphoric Acid 33 new purified phosphoric acid plants required by 2030 to meet demands from the energy transition for LFP Battery. Today there are only 5 in the Western World developed over 60 years dedicated to traditional use (food and industry) not LFP. CSE: P
Slide 8: Igneous Phosphate Makes Large Amounts of Purified Phosphoric Acid
Igneous Phosphate Makes Large Amounts of Purified Phosphoric Acid Igneous Phosphate Rock vs Sedimentary Phosphate Rock North American sedimentary phosphate production to decline by 61% by 2037. (Argus Phosphate Rock Analytics Q2 2023) Igneous Phosphate Ore Iron by-product Titanium bi-product Sediment
Slide 9: Igneous Phosphate Rock is Rare
IGNEOUS PHOSPHATE ROCK IS RARE First Phosphate Achieves Leading Igneous Phosphate Concentrate Source : Food and Agriculture Organization of the The United Nations Source : https://firstphosphate.com/wp-content/uploads/2024/09/Sandeep-Research-Note_Sept_23_2024_english.pdf ◼ only 5% of world phosphat
Slide 10: Rare Igneous Phosphate Deposit for LFP Battery
Rare Igneous Phosphate Deposit for LFP Battery Converts almost fully into Purified Phosphoric Acid (PPA) for LFP Battery Mineral Resource Estimate Preliminary Economic Assessment ● 2.5 kilometers in length ● 900,000 tonnes of phosphate concentrate/annum at 40% P2O5 ● Mineralization starts at surface
Slide 11: Logistical Advantage in Saguenay-Lac-St-Jean, Quebec, Canada
Logistical Advantage in Saguenay-Lac-St-Jean, Quebec, Canada Key Advantages ● Manageable mine size near infrastructure ● CapEx aimed at value-add technology sector (not fertilizer) ● Vertically integrated facilities to get to LFP CAM while driving out costs ● Recycling of process 11 materials includ
Slide 12: LFP Mine-to-Market Supply Chain Integration
LFP Mine-to-Market Supply Chain Integration Advanced LFP Cathode Battery Cells Battery Extraction Concentration Assembly Refinement Active Material and Packs Recycling Upstream (own) Concentrate Midstream (in partnership) Advanced LFP Grade LFP Cathode Downstream (clients) LFP Battery Mining Purity
Slide 13: First Phosphate Makes LFP Battery Cells Using North American Critical Minerals
First Phosphate Makes LFP Battery Cells Using North American Critical Minerals Igneous Anorthosite High Purity Igneous Purified Iron Phosphate LFP Cathode Active PHOS – LFP 18650 Phosphate Rock Phosphate Concentrate Phosphoric Acid Precursor Material Battery Cells Mineral from the Produced by Produc
Slide 14: Project De-risking through Key Relationships
Project De-risking through Key Relationships ✔ Major Phosphate Rock Offtake ✔ On-shoring of 40,000t of LFP CAM ✔ LOI for USD $170 million of financing ✔ Secures supply of sulfuric acid to Port Saguenay ✔ Phosphoric Acid Processing Technology ✔ provision of raw materials ✔ Up to 10 year max repayment
Slide 15: Management that Meets and Beats Milestones
Management that Meets and Beats Milestones Q1-Q2 Q3-Q4 Q1-Q2 Q3-Q4 2022 2023 2023 2024 2024 2025 ✔ Consolidation of over 1,500 km2 ✔ Listing of shares on the ✔ Phosphate concentration pilot ✔ Completion of 25,000 m ✔ Further investigation into ✔ Produce LFP battery cells of NSR free phosphate CSE, C
Slide 16: Tight Share Structure and Debt Free
Tight Share Structure and Debt Free Canadian Securities Exchange (CSE): PHOS Frankfurt Stock Exchange (FSE): KD0 US OTCQX: FRSPF debt free Ownership Share Structure Data Share Price (as at Jan 2, 2026) $1.05/sh Public Float Holders Associates, Friends & Family, ~39% High Net Worth, Institutions Mark
Slide 17: Board and Management
Board and Management CEO and Director - John Passalacqua, Int'l MBA, Chairman - Laurence W. Zeifman, CPA, is an audit is an international business strategist with over 35 partner of Zeifmans LLP, a mid-sized Toronto public years of extensive technology and capital markets accounting firm. Larry has
Slide 18: Management & Advisory Board
Management & Advisory Board Chief Geologist - Gilles Laverdiere, P. Geo, is a Project Development Manager - Mario Bouchard geologist with more than 40 years of experience in (retired) was Assistant Deputy Minister for Strategic mining exploration. Gilles has planned and supervised Industries and Maj
Slide 19: Advisory Board / Industry Partners
Advisory Board / Industry Partners Dr. Peir Pufahl, P. Geo, is professor of Earth Science SGS Canada - Dominique Lascelles. SGS is a at Queen’s University, Canada, co-director of the leading global technical service provider conducting precise and accurate testing across numerous Queen’s Facility fo
Slide 20: Purified Phosphoric Acid is a Capacity-Constrained Specialty Product
Purified Phosphoric Acid is a Capacity-Constrained Specialty Product Phosphate bearing rock is crushed and processed to obtain Concentrated Phosphate Rock (25%-41% purity level). Sedimentary Rock (25%-34%). Igneous Rock (38%-41%). Concentrated Phosphate Rock is then processed into medium purity Merch
Slide 21: Phosphate Supply is Dwindling in Most Countries
Phosphate Supply is Dwindling in Most Countries Phosphate Reserves in Mt Source: Global Status of Phosphorus, 2016 Peak Phosphorus Curve 21 Sedimentary Rock Igneous Rock Source: The Story of Phosphorus: Global Food Security and Food for Thought (2009) CSE: PHOS | FSE: KD0 | OTCQX: FRSPF confidential
Slide 22: LFP Cathode Active Material Production - Traditional Method
LFP Cathode Active Material Production - Traditional Method Purified Phosphoric Acid H3PO4 Lithium Phosphate Carbon + Li3PO4 Source Lithium Iron Phosphate (LFP) LiOH or Li2CO3 H2O or CO2 Li3PO4 + Electric FePO4 + LiFePO4 Lithium Hydroxide or Carbonate Carbon Source Furnace Purified Phosphoric Acid M
Slide 23: LFP Cathode Active Material Production - Newer Experimental Methods
LFP Cathode Active Material Production - Newer Experimental Methods Reactor Vessel Carbon LiOH Source Lithium Hydroxide Fe LiFePO4 Synthesis Electric Wet Milling Drying Mixing Iron Sulfate Furnace Calcination at 1000°C H3PO4 Purified Phosphoric Acid H2 O Electrical Consumption CSE: PHOS | FSE: KD0 |
Slide 24: Phosphate Public Company Comparables
Phosphate Public Company Comparables North High Purity LFP Battery Symbol Exchange Name Phosphate Deposit Location American Igneous Focused Source PHOS CSE First Phosphate Corp. Saguenay (Quebec) Yes Yes Yes AEV ASX Avenira Ltd. Wonarah (Australia) No Partially No DAN TSXV Arianne Phosphate Inc. Lac
Slide 25: Thank you.
Thank you. John Passalacqua, CEO john@firstphosphate.com Armand Mackenzie, President armand@firstphosphate.com David Dufour, Executive VP david@firstphosphate.com Alexis de la Renaudière, Bus Dev alexis@firstphosphate.com Bennett Kurtz, CFO bennett@firstphosphate.com www.FirstPhosphate.com CSE: PHOS
Slide 26: Statutory Rights of Rescission
Statutory Rights of Rescission Securities legislation in certain of the provinces of Canada provides purchasers with rights of rescission or damages, or both, where an offering memorandum or any amendment to it contains a misrepresentation. A “misrepresentation” is an untrue statement of a material
Slide 27: Statutory Rights of Rescission
Statutory Rights of Rescission Saskatchewan Investors Under Saskatchewan securities legislation, certain purchasers who purchase securities offered by an offering memorandum during the period of distribution will have a statutory right of action for damages against the issuer, every director and pro
Slide 28: Statutory Rights of Rescission
Statutory Rights of Rescission New Brunswick Investors Under New Brunswick securities legislation, certain purchasers who purchase securities offered by an offering memorandum during the period of distribution will have a statutory right of action for damages, or while still the owner of the securit
Slide 29: Statutory Rights of Rescission
Statutory Rights of Rescission Prince Edward Island Investors If an offering memorandum, together with any amendment thereto, is delivered to a purchaser and the offering memorandum, or any amendment thereto, contains a misrepresentation, a purchaser has, without regard to whether the purchaser reli
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