First Phosphate Corp. · CSE:PHOS
First Phosphate — Investor Presentation (October 2026)
20 slides from First Phosphate's investor presentation, October 2026
Slide 1: Corporate Presentation
NASDAQ: PHOS | CSE:PHOS | OTCQX:FRSPF | FSE:KD0 Corporate Presentation October 2026 Igneous Phosphate for the Lithium Iron Phosphate (LFP) Battery Industry
Slide 2: Legal Disclaimer
Legal Disclaimer GENERAL This presentation is not intended as, and does not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities. No securities commission or other regulatory authority in Canada or any other
Slide 3: Key Highlights
Key Highlights Pure-Play Exposure to the Leading and Mine-to-Market Platform Supporting the High Purity Igneous Phosphate Resource Expanding LFP Battery Chemistry Onshoring of LFP Battery Supply Chain Under Quebec Fast Track Status Near Term Feasibility Study and Critical Bankable Offtake Agreements
Slide 4: Lithium Iron Phosphate (LFP) is the Leading Battery Chemistry
Lithium Iron Phosphate (LFP) is the Leading Battery Chemistry In 2026, LFP Battery Cells Represent 77% 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 approximately USD
Slide 5: LFP is Versatile Technology of Mass Market Adoption
LFP is Versatile Technology of Mass Market Adoption Small Mobility, Drones — 3.7% ✅ Superior fire safety (much less heat produced) Electric vehicles ( autos ) — 13.4% ✅ Well defined performance Electric vehicles (trucks buses) — 1.5% (lower capacity loss, structurally more stable) Consumer Products
Slide 6: Structural Supply Gap for Western Battery Grade LFP CAM Production
Structural Supply Gap for Western Battery Grade LFP CAM Production Despite strong projected growth rates in the West, China maintains a foothold on LFP production capacity 2025 share of global LFP battery production capacity China 97 % Other Asia 1% G7 focused on building resilient and diversified cr
Slide 7: LFP Battery Requires Large Amounts of High Purity Phosphate
LFP Battery Requires Large Amounts of High Purity Phosphate LFP Cathode Powder (LiFePO4) LFP Battery Li Lithium 4% Over 150 public companies Iron Fe Over 100 public companies 35% Phosphate PO4 PHOS fully focused on LFP battery 61% Phosphate (PO4) 61% Iron (Fe) 35% Lithium (Li) 4% Source: https://www
Slide 8: LFP Battery Requires Scarce Purified Phosphoric Acid
LFP Battery Requires Scarce Purified Phosphoric Acid The West has 5 purified phosphoric acid plants today; LFP demand calls for 33 new plants by 2030 33 new purified phosphoric acid plants needed by 2030 to supply LFP batteries 5 plants in the Western world today, built over 60 years for food and indus
Slide 9: 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 Igneous Phosphate Ore phosphate production to decline by 61% by 2037. (Argus Phosphate Rock Analytics Q2 2023) Sedimentary Phosphate Ore Beneficiated Benefic
Slide 10: Igneous Phosphate Rock Is Rare
Igneous Phosphate Rock Is Rare Only 5% of world phosphate deposits are igneous, and First Phosphate's concentrate leads at 40.4% P2O5 World phosphate deposits by type First Phosphate achieves a leading igneous phosphate concentrate of First Phosphate igneous phosphate feedstock 5% of world phosphate
Slide 11: High-Purity Resource with Mineralization Starting at Surface
High-Purity Resource with Mineralization Starting at Surface Mountain Zone Updated Mineral Resource Estimate Northern Zone 204.7 Mt 89.5 Mt 378% Central Zone Increase in Indicated Measured & Indicated Inferred Resources vs Initial @ 6.05% P2O5 @ 6.16% P2O5 2024 MRE Southern Zone High-Purity Resource
Slide 12: Logistical Advantage in Saguenay-Lac-St-Jean, Quebec, Canada
Logistical Advantage in Saguenay-Lac-St-Jean, Quebec, Canada A deep-sea port, rail links and large-vessel access will connect our proposed LFP plant to North American and European markets Key advantages ■ Manageable mine size near infrastructure ■ CapEx aimed at value-add technology sector (not fert
Slide 13: Mine-to-Market Strategy is Underpinned by Strategic Partnerships
Mine-to-Market Strategy is Underpinned by Strategic Partnerships High-Purity Phosphate Rock Iron Phosphate Precursor and Purified Phosphoric Acid LFP Battery and Concentrate LFP Cathode Active Material High-purity intermediate (CAM) For end market battery driven Battery-grade feedstock applications
Slide 14: Government - Strategic Initiatives De-Risk First Phosphate's Development
Government - Strategic Initiatives De-Risk First Phosphate’s Development Bégin-Lamarche Is as a Strategic Critical Mineral Project Enabling Access to Government Financing and Strategic Support Canadian Government Alignment Quebec Government Fast-Track Status ~$21.5M of Total Non-Dilutive Governmenta
Slide 15: Projected Path to Production
Projected Path to Production Key Historical Milestones Achieved • 2023 – Resource discovery, MoUs with Prayon and Ultion • 2024 – Production of battery grade purified phosphoric acid Initial Production • 2025 – MET rating US Defense Industrial Base Consortium • 2026 – $21.5M non-repayable Government
Slide 16: Tight Share Structure and Debt Free
Tight Share Structure and Debt Free NASDAQ: PHOS | CSE: PHOS | OTCQX: FRSPF | FSE: KD0 Share Structure Data Ownership Share Price (as at October 16, 2026) $1.80/sh Associates, Friends & Market Capitalization Public Float Holders $342,755,000 Family, High Net Worth, ~39% Institutions Shares Outstandi
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
Management Executive Vice-president - David Dufour, B.Sc.A, Chief Geologist - Steeve Lavoie, P. Geo, completed has 30 years experience in the development, a bachelor’s degree in geology at the University of management of high-growth businesses in Saguenay, Quebec at Chicoutimi (UQAC). He has over 20
Slide 19: 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 19 Sedimentary Rock Igneous Rock Source: The Story of Phosphorus: Global Food Security and Food for Thought (2009) NASDAQ: PHOS | CSE: PHOS | OTCQX: FRSPF | FSE: K
Slide 20: Thank you.
Thank you. John Passalacqua, CEO [email protected] Armand Mackenzie, President [email protected] David Dufour, Executive VP [email protected] Alexis de la Renaudière, Bus Dev [email protected] Bennett Kurtz, CFO [email protected] www.FirstPhosphate.com NASDAQ: P
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