Saguenay, Quebec--(Newsfile Corp. - December 4, 2023) - First Phosphate Corp. (CSE: PHOS) (OTC Pink: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") applauds proposed guidance on the clean vehicle provisions of the Inflation Reduction Act ("IRA") as released by the U.S. Department of the Treasury on December 1, 2023.

"First Phosphate has always interpreted the spirit of the law with respect to the IRA since its inception," states CEO, John Passalacqua. "We have been working tirelessly over the last years to build a fully localized phosphate mine to finished lithium iron phosphate ("LFP") battery industry supply chain in North America. We are well advanced in this goal and perfectly positioned to meet this new reality within the timeframes exacted by the US administration."

"With this new guidance, the US administration has made it clear that it wants to see the development of a local battery supply chain in North America and that it is intent to stop all attempts to arbitrage the IRA. see & read more on
https://www.newsfilecorp.com/release/189717/First-Phosphate-Corp-Applauds-Proposed-Guidance-on-the-Clean-Vehicle-Provisions-of-the-Inflation-Reduction-Act-and-Predicts-Boom-for-LFP-Battery-Industry-in-North-America