EV batteries

First Phosphate's Quebec project update shows 6.2 million measured tonnes grading 7.7% phosphate and 198.5 million indicated tonnes at 6%, expanding EV battery ingredient resources fourfold. This significant resource expansion could help address supply chain constraints for lithium iron phosphate batteries used in electric vehicles.

Sodium-ion batteries are positioned for commercial breakthrough in 2026, offering a cheaper and safer alternative to lithium-ion technology. The technology is gaining traction in both automotive applications and grid-scale energy storage systems.