Shock rise in inflation prompts likely jump in rate

Issuer: Goldinvest Consulting GmbH / Key word(s): Alliance/Letter of Intent 27.02.2023 / 09:30 CET/CEST The issuer is solely responsible for the content of this announcement.

Just days after its public listing, Canada-based First Phosphate Corp (CSE: PHOS; FRA: A3DQCH) has entered into a far-reaching collaboration agreement with Prayon SA of Engis, Belgium. Prayon is a leading global producer and technology provider in the purified phosphoric acid sector. Prayon is involved in the food grade sector and by extension into LFP battery grade sector as well.

First Phosphate and Prayon have committed by memorandum of understanging to explore the potential of a long-term offtake agreement for phosphate concentrate to be produced by First Phospahte in its eventual Quebec mining operations. The agreement also allows First Phosphate to be able to toll process its phosphate concentrate to batery-grade purified phosphoric acid at Prayon’s facilities. As to the bigger picture, the partners plan to explore the development of a facility to produce LFP-grade phosphoric acid and even active LFP cathode material in Quebec. Prayon's technology is used to produce phosphoric acid at 130 sites worldwide. In addition, Prayon operates five of its own plants. https://www.prayon.com/en/

Commenting on the signing of the MOU, Marc Collin, Prayon's Chief Technology Officer said: "We are excited to partner with First Phosphate and test our recognized technologies for the production and processing of high quality phosphoric acid to supply the LFP battery industry in North America. The opportunity to partner with First Phosphate is an important step in our global diversification initiatives."

Peter Kent, President of First Phosphate stated, "LFP battery is already a leading globally accepted battery chemistry, but the supply of domestic production in Europe and North America is still limited. With today's announcement, we are laying the groundwork to build production capacity in North America."

Prayon is familiar with the production of LFP cathode active material and has expressed interest in working with First Phosphate to explore the feasibility of an LFP cathode active material production facility for the North American market in Quebec, Canada. Prayon requires phosphate concentrate and is interested in acquiring concentrate from First Phosphate's eventual mining operations, subject to meeting specifications. This feedstock would be processed into commercial grade phosphoric acid (MGA) and then purified phosphoric acid (PPA) at Prayon's plant in Engis, Belgium.

The two companies are reviewing a production facility for LFP-grade phosphoric acid at the Quebec site.

First Phosphate is considering developing its own battery-grade (LFP) phosphoric acid production facility for its own use in the manufacture of LFP cathode active material. First Phosphate and Prayon have agreed to discuss terms for a license of Prayon's technological expertise in the production of commercial-grade and LFP-grade phosphoric acid to enable First Phosphate to build its own phosphoric acid plant in Quebec, Canada. The manufacturing process would be based on Prayon's environmentally friendly, safe and solvent-free clean technologies, including options for full gypsum recycling.

NEW: Follow us on Twitter for more English content!

Bottom line: The collaboration between startup First Phosphate and global player Prayon is a game changer from an entrepreneurial standpoint. Moreover, First Phosphate and Prayon should have strong political support given that both Belgium and Canada are French speaking countries and members of the Francophonie. Quebec politicians have made it clear that the maintenance of the French language is a clear objective for Quebec as its battery industry develops. The two partners have announced that they will work directly with the governments of Quebec, Canada, the United States, Wallonia, Belgium and Europe. The declared goal is "to enable Europe and North America to become independent of green energy and important minerals". As of Feb. 15, the Wallonie Entreprendre website reports that Belgium has just secured EUR 100 million in funding from a newly launched European Investment Bank pot. The fund is intended to help "promising technology startups" compete globally against foreign competitors. EUR 25 million in funding will be distributed by Wallonie Entreprendre in Wallonia. Perhaps the political support will be supplemented by financial backing?

Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on https://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they in no way replace an individual expert investment advice, it is rather promotional / journalistic publications. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities, especially with shares in the penny stock area, carries high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here. Please also note our terms of use.

According to §34b WpHG i (Germany) and according to Paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of First Phosphate and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between First Phosphate and GOLDINVEST Consulting GmbH, which means that there is a clear conflict of interest.

Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

It’s now seen as a 50-50 call on whether the Monetary Policy Committee lifts rates on Thursday

City analysts have tipped Bank governor Andrew Bailey to prioritise fighting inflation ahead of banking sector stability.

More banks will fail as interest rates continue to rise, an investment chief has warned, as the Bank of England is expected to announce another increase to fight rising inflation.

Buying cheap shares and holding them for the long term is my strategy for building retirement wealth and I think now's my chance. The post The banking crisis is my chance to buy these 2 cheap shares and I’m not going to miss it appeared first on The Motley Fool UK.

These FTSE 100 stocks are still on sale following the recent financial market meltdown. Here are several on my shopping list today. The post FTSE 100 stocks are rallying! 3 cheap dividend shares I’d buy right now appeared first on The Motley Fool UK.

The surprise increase in inflation will give policymakers pause for thought. Just days ago, inflation appeared to be coming down nicely and some were talking down the chances of another interest rate hike. Although economists - and the Bank of England - were expecting the consumer prices index to fall from 10.1% to 9.9%, the headline rate of inflation actually jumped to 10.4%.

Andrew Bailey has criticised the US government’s decision to bail out Silicon Valley Bank (SVB)’s depositors, saying the blanket guarantee increased the risk of “moral hazard” in the banking industry.

Times of crisis can create investment bargains. Our writer considers how to use current opportunities to boost income in his Stocks and Shares ISA. The post How I’d invest £10k in a Stocks and Shares ISA to earn £900 of passive income appeared first on The Motley Fool UK.

Andrew Bailey and Jeremy Hunt faced an unwelcome surprise on Wednesday morning.

This column’s decision in January to sit on its hands and do as little as possible, in the view that it didn’t really know why share prices were rallying so hard and so fast, does not look quite so spineless, at least for now.

When stock markets fall, penny shares can often drop the furthest. I've been examining AIM in search of today's best value buys. The post 3 penny shares under 70p to buy right now? appeared first on The Motley Fool UK.

Taylor Wimpey and Persimmon shares haven’t been great investments over the last year. Here, Edward Sheldon looks at their performances. The post Here’s what would have happened if I’d bought Taylor Wimpey and Persimmon shares a year ago appeared first on The Motley Fool UK.

To counteract rising inflation, the Bank of England has been increasing interest rates in the past year

Paris has extended its lead over London as Europe’s largest stock market amid an exodus of companies from the City.

LONDON (Reuters) -Forcing asset managers to shift clearing of their euro derivatives trades from London to the European Union would be anti-competitive, split markets and increase costs, Europe's investment funds industry body said on Tuesday. The EU's executive European Commission has proposed that asset managers and banks in the EU open an "active account" with an EU-based clearing house to shift some clearing from London Stock Exchange Group (LSEG) and ICE to Deutsche Boerse in Frankfurt to end heavy post-Brexit reliance on UK clearers.

I think these two growth stocks in industry leading positions have the potential to reward patient investors over the next decade. The post 2 growth stocks for the next 10 years and beyond appeared first on The Motley Fool UK.

Our writer sets out how he would target over £5 a week on average in income by investing a few thousand pounds in dividend shares. The post How I’d invest £3,000 in dividend shares to target £250 in annual income appeared first on The Motley Fool UK.

ITV shares offer an attractive dividend yield. How many would our writer need to buy in order to secure a £100 monthly passive income stream? The post Here’s how much I’d need to invest in ITV shares to earn a £100 monthly income appeared first on The Motley Fool UK.

This writer sees some high-yield bargains in today's market. Here's how he's trying to spot them, while avoiding value traps. The post This market is throwing up high-yield bargains! appeared first on The Motley Fool UK.

Thanks to stricter regulations, diminished tax reliefs and rising borrowing costs, many buy-to-let investors are suffering.