First Phosphate Corp. (CSE:PHOS) announced that it has signed a memorandum of understanding (MOU) with transportation specialist Craler, a division of TFI International, to develop the company’s global freight logistical competencies to and from the Saguenay-Lac-St-Jean region of Quebec, Canada, where its mining properties are located.
The company said that it would work with Craler to determine the logistical footprint for the movement of First Phosphate’s products and supplies to and from its properties in Saguenay to the Port of Saguenay.
They will also work to determine the logistical footprint for moving First Phosphate’s products and supplies from Saguenay to the rest of North America and beyond, with a focus on logistics that connect it with the “automobile industry heartland” in the Windsor-Detriot corridor and other regions in the US and Mexico.
Among other commitments under the agreement, the companies will additionally work on the best electrification procedures to implement at and from the prospective mine site and to make the economic, social and job creation benefits of their arrangement known.
"This agreement is important because Craler, together with its parent TFI, have the ability to determine the best practices for the company's entire logistical footprint for its products and supplies across North America," First Phosphate CEO John Passalacqua said in a statement.
"Smart logistics can lead to cost-savings, reduction of carbon footprint and satisfied clients in the automobile and stationary energy storage industries across North America."
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the lithium iron phosphate (LFP) battery industry.