# “Fully Funded to FID with $50M Treasury of Cash & Grants” says First Phosphate CEO John Passalacqua

Page: https://stenobird.com/podcast/mining-stock-education-1396689/fully-funded-to-fid-with-50m-treasury-of-cash-grants-says-first-phosphate-ceo-john-passalacqua
Text version: https://stenobird.com/podcast/mining-stock-education-1396689/fully-funded-to-fid-with-50m-treasury-of-cash-grants-says-first-phosphate-ceo-john-passalacqua.md
Podcast: [Mining Stock Education](https://stenobird.com/podcast/mining-stock-education-1396689)
Published: 2026-07-22T11:01:41+00:00
Episode link: https://www.spreaker.com/episode/fully-funded-to-fid-with-50m-treasury-of-cash-grants-says-first-phosphate-ceo-john-passalacqua--73105475
Audio file: https://api.spreaker.com/download/episode/73105475/2365725497_miningstockeducation_fully_funded_to_fid_with_50m.mp3
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Duration seconds: 1057

## Resource

First Phosphate CEO John Passalacqua discusses how the recent small-cap volatility does not affect the fundamentals of First Phosphate due to the company’s strong treasury. Passalacqua, a former trader and market maker, says geopolitical tensions and rate fears have driven a systemic selloff that often forces investors to sell winners, but he views it as a catharsis that flushes weak hands. He highlights First Phosphate’s 24 to 36-month runway, citing over $30M cash in treasury plus access to a $16.7M Canadian government contribution and a recent $17.7M raise at C$2, totaling nearly $50M to reach feasibility (Q4-2026 or Q1-2027), permitting, and final investment decision. He updates on the OTCQX ADR (FPHOY) volume building and describes strong collaboration with local First Nations who are supportive. The company targets its Quebec high-purity phosphate mine producing in 2029 and is advancing plans for a purified phosphoric acid plant at Port Saguenay, with feasibility expected by. 00:00 Intro 00:39 Market Volatility View 02:23 Cash Runway Update 03:23 Why Shares Pulled Back 05:54 ADR Listing Explained 07:25 First Nations Partnerships 10:59 Community Chalet Concerns 12:19 Phosphoric Plant Plans 13:57 Feasibility Timeline 14:16 Wrap Up and Tickers Tickers: CSE: PHOS – FSE: KD0 – OTCQX: FRSPF – OTCQX-ADR: FPHOY Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Sponsor First Phosphate pays Mining Stock Education a United States dollar ten thousand per month coverage fee. First Phosphate’s forward-looking statement found in the company's presentation applies to the content of this interview. MSE offers informational content based on available data but it does not constitute investment, tax, or l…

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