4 items across 4 digests
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.
Lithium-iron-phosphate (LFP) batteries have captured 60% of the global battery market share, driving urgent supply chain development efforts in North America. This shift toward LFP technology reduces reliance on cobalt and nickel while increasing demand for lithium and phosphate materials.
Kropz announced the third R40-million drawdown from its loan facility with ARC Fund for the Elandsfontein phosphate project. This funding supports development of phosphate resources, which are critical for fertilizer production and battery materials.
Minbos Resources secured a $16 million debt facility from South Africa's IDC to advance construction of its Cabinda phosphate fertilizer project in Angola. The first drawdown is expected by end of March, supporting the critical minerals project development.
DailySand