First Phosphate: “378% Increase in Indicated Mineral Resources” - CEO John Passalacqua

First Phosphate: “378% Increase in Indicated Mineral Resources” - CEO John Passalacqua

From Mining Stock Education by Bill Powers

May 29, 2026 · 17 min

About this episode

John Passalacqua discusses the significant increase in Indicated Mineral Resources for First Phosphate's Bégin-Lamarche project.

“We are pleased with the results of our 2025-2026 drilling exploration program and the quantity and quality upgrade provided to our Mineral Resources,” said First Phosphate CEO, John Passalacqua. “We are now able to continue to move the project forward with great confidence in our Mineral Resources.” First Phosphate’s updated Mineral Resource Estimate saw a 378% increase in Indicated Mineral Resources for its Bégin-Lamarche project in Saguenay-Lac-Saint-Jean, Québec, Canada when compared to the Company’s Initial MRE dated September 9, 2024. 00:00 Intro 00:30 Resource Update Highlights 02:04 Feasibility Plan Funding 03:19 Cutoff Grade Explained 04:01 Warrants Shareholder Support 05:08 Clean Capital Structure 06:29 Agnico Deal Industry Signal 09:56 Investor Outreach Strategy 10:48 ADR: How It Works 12:25 Next Catalysts Timeline 13:03 Why Focus on Phosphate First Phosphate Introductory Interview: https://www.youtube.com/watch?v=eD7t1Q7OZfU Press releases discussed: https://firstphosphate.com/begin-lamarche-phosphate-resource-update-2026/ CSE: PHOS – FSE: KD0 – OTCQX: FRSPF – OTCQX-ADR: FPHOY Sign up for our free newsletter and receive interview transcripts, stock profiles and…

People in this episode

Host: Bill Powers

Guest: John Passalacqua

Topics covered

  • mineral resources
  • phosphate
  • drilling exploration
  • investment strategy
  • resource update
  • feasibility plan

Keywords

  • First Phosphate
  • mineral resources
  • drilling exploration
  • investment
  • Saguenay-Lac-Saint-Jean
  • feasibility plan
  • phosphate

Sponsors

First Phosphate

Mentioned in this episode

Organizations: First Phosphate

Places: Saguenay-Lac-Saint-Jean, Québec

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