Canadian Phosphate Ltd. unveils strategy for developing advanced sedimentary rock phosphate projects in Canada

Reuters12-08
<a href="https://laohu8.com/S/FTZZF">Canadian Phosphate</a> Ltd. unveils strategy for developing advanced sedimentary rock phosphate projects in Canada

Canadian Phosphate Ltd. has released a presentation outlining its current focus on sedimentary rock phosphate exploration in North America. The company holds advanced sedimentary phosphate deposits at the Wapiti and Fernie projects in British Columbia. The Wapiti Project has a JORC Exploration Target of 20.2-28.6 Mt, with further drilling planned for 2026, while bulk sampling at the Fernie Project is also scheduled for summer 2026 and drilling in 2027. Phosphate was recently classified as a critical mineral in both Canada and the USA. The presentation highlights the challenges faced by North American phosphate supply chains, including Canada's reliance on imports and declining quality of domestic sources in the USA. Canadian Phosphate Ltd. targets revenue of A$3 million based on a three-year average and projects operating cash flow positivity in 2025. You can access the full presentation through the link below.

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