Ellis Martin Report: First Phosphate (PHOS.CD) CEO John Passalacqua Explains Why Market Volatility Hasn't Changed the Company's Long-Term Strategy

Malibu, CA, July 20, 2026 AEST (ABN Newswire) - In the latest Ellis Martin Report interview with CEO John Passalacqua, we discuss why First Phosphate (CNSX:PHOS) (FRSPF:OTCMKTS) believes the recent sector-wide selloff reflects broader macroeconomic concerns rather than company-specific fundamentals.

Dear Investor,

Market volatility has weighed heavily on junior mining and critical minerals companies in recent weeks, but according to John Passalacqua, CEO of First Phosphate Corp, the company's long-term strategy remains firmly on track.

Among the topics covered:

- Nearly $35 million in treasury, plus access to approximately $16.7 million in non-dilutive Canadian government funding, providing a capital runway through key development milestones, according to management.

- An oversubscribed $17.7 million private placement completed despite difficult market conditions, reflecting continued support from long-term investors.

- Progress toward building a fully integrated North American supply chain for battery-grade phosphate used in lithium iron phosphate (LFP) batteries.

- Recognition and support from G7 governments as Western nations seek secure domestic sources of critical battery materials.

Unlike many junior resource companies, First Phosphate is pursuing a vertically integrated strategy designed to supply the rapidly expanding North American LFP battery market, from high-purity igneous phosphate deposits in Quebec through downstream processing partnerships.

John also discusses shareholder positioning during volatile markets, capital discipline, and why management believes strong balance sheets will distinguish successful companies as capital returns to the sector.

To hear the full interview with John Passalacqua, please visit:
https://www.youtube.com/watch?v=yjbaPZR0rT0

About First Phosphate Corp.

First Phosphate Corp. (CNSX:PHOS) (OTCMKTS:FRSPF) (FRA:KD0) is a mineral development and cleantech company dedicated to building and onshoring a vertically integrated mine-to-market lithium iron phosphate (LFP) battery supply chain for North America. Target markets include energy storage, data centers, robotics, mobility and defense.

First Phosphate's flagship Begin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, Canada is a North American rare igneous phosphate resource yielding high-purity phosphate with minimal impurities.

    

About The Ellis Martin Report

The Ellis Martin Report (TEMR) and Money Talk Radio feature interviews with industry leaders in mining, biotech, energy, and technology. The program is globally syndicated through multiple financial platforms and streaming services.

     

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