Junior miner First Phosphate Corp., Saguenay, Quebec, on Dec. 6 announced that it has signed a Memorandum of Understanding (MOU) with Lithium Australia Ltd. (LIT), Kew, Victoria, for the potential development of a lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode active material (CAM) manufacturing plant in North America.
LIT has developed proprietary technology to produce LFP/LMFP CAM through its wholly-owned subsidiary VSPC Pty Ltd. LIT is seeking a partner to support the commercialization of its technology through the development, construction, and operation of a demonstration plant and an eventual commercial scale manufacturing facility. The MOU would consider demo and commercial plants in Queensland, Australia, or in North America.
“This agreement could provide First Phosphate with an important technology avenue for the production of LFP CAM for certain clients of LIT and the company as well as serve as an important offtake for the company’s future purified phosphoric acid (PPA) production,” said First Phosphate CEO John Passalacqua.
The term of the MOU is two years commencing on the date of signing, or such later date as is agreed in writing between the parties.