Integrals Power is pleased to announce that it has signed a Joint Development Agreement (“JDA”) with First Phosphate Corp (CSE: PHOS) to produce battery grade iron III phosphate precursor to supply the lithium iron phosphate (“LFP”) battery industry outside of China.
In addition to Integrals power’s existing high performance nano material technology platform for LFP/LFMP, this new approach presents a scalable and strictly cost-driven LFP cathode material that is suitable for various applications, such as stationary energy storage and electric vehicles. As a result, off takers have access to a wider variety of cathode material options to address their specific needs and applications.
This joint development is expected to result in an environmentally compliant technology for the production of battery grade iron III phosphate (FePO4); one which could be combined with lithium carbonate or lithium hydroxide to produce LFP CAM. 

• Iron phosphate is a manufactured substance used as a base precursor in the traditional production of LFP cathode active material (“CAM”) in China.
• To initiate production of LFP batteries outside of China in the most cost-effective format using the traditional LFP synthesis method, a locally produced source of iron phosphate precursor is required, one which meets US Inflation Reduction Act local production requirements.
• Iron phosphate is generally produced in China using iron sulfate and mono ammonium phosphate.
• Iron sulfate is not always readily available in quantity as a source of iron outside of China.
• Moreover, the waste streams produced from the production of iron phosphate using iron sulfate and mono ammonium phosphate are not easily manageable within European/North American environmental compliance frameworks.
• A new process for making iron phosphate precursor is required for the European and North American LFP battery industry, one which is compliant with applicable environmental standards.
• A process for making iron phosphate in North America must to be cost sensitive in order to compete with iron phosphate producers in China as the latter are able to arbitrage labour and environmental standards between Europe/North America and China.

Business Agreement

• The parties agree to undertake an initial phase of joint development of the technology needed to produce the iron phosphate precursor for LFP CAM.
• If successful, the joint development is expected to result in a scalable, low cost, environmentally compliant technology for the production of battery grade iron III phosphate (FePO₄); one which could be combined with lithium carbonate or lithium hydroxide to produce LFP CAM.
• If successful, the parties agree to work collaboratively to bring this process into immediate large scale production.
• Where possible, First Phosphate will provide the raw materials to make the iron III phosphate based on its phosphate concentrate (source of PPA) and its magnetite (source of iron).
• The intellectual property developed to produce the iron III phosphate will be co-owned by First Phosphate and IPL.
• The effort required to develop the initial phase technology is estimated to take up to 9 months to creation of a full pilot line. Contemporaneously, large-scale expansion plans for the technology will be developed by the parties.

More information: https://finance.yahoo.com/news/first-phosphate-integrals-power-sign-134000973.html