First Phosphate Corp. Signs License Agreement with Prayon SA, Global Leader in MGA Phosphoric Acid Technology [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Yahoo! Finance
the "Company") is pleased to announce that it has signed a technology license agreement ("TLA") with Prayon SA of Engis, Belgium ("Prayon") for the technology to produce merchant grade phosphoric acid (MGA) from igneous apatite phosphate rock as well as high-purity gypsum. Prayon will grant First Phosphate a license to use its technology to design, build, operate and maintain, within Canada, a Merchant Grade phosphoric acid (MGA) manufacturing plant with a production capacity of six hundred (600) metric tons of product per day of P O (phosphate). Further, First Phosphate has also selected Ballestra S.pA. of Milan, Italy ("Ballestra") from a group of official permanent licensees of Prayon to fulfill the service agreement ("SA") for the engineering services portion (FEED and EPC/EPCM) for the project. Lastly, First Phosphate's relationship with Norfalco, a division of Glencore Canada, ("Norfalco-Glencore") dated July 2023, remains in place for secure supply of sulfuric acid for th
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