Financing ·
First Phosphate Corp. announced on September 16, 2026, that it received a Letter of Support from Swiss Export Risk…
FPHOYFirst Phosphate Corp.
First Phosphate Corp. announced on September 16, 2026, that it received a Letter of Support from Swiss Export Risk Insurance (SERV) for approximately USD 212.5 million to finance the purchase of Swiss machinery and equipment for its igneous phosphate mine project in Quebec, Canada. This support covers goods and services for the construction of the processing facility in Saguenay-Lac-St-Jean, corresponding to 85% of an assumed eligible Swiss export contract value of USD 250 million. SERV may provide cover of up to 95% of the eligible financed amount in accordance with OECD guidelines. First Phosphate Corp. is a mineral exploration and development company focused on building a vertically integrated supply chain for LFP battery production.