Fox River collaborating with CanmetMINING to research the Martison phosphate deposit

One research project will test the extraction of niobium and rare earth elements from the lateritic material included in Fox River’s Martison Phosphate Deposit.

Notes:

• The independent and qualified person for the mineral resource estimate, as defined by NI 43-101, is Tim Horner, P.Geo.
• CIM definitions were followed for Mineral Resources.
• Mineral Resources are estimated at a cut-off grade of 6% P2O5 in the Residuum or 0.2% Nb2O5 in the Lateritic Material.
• Mineral Resources are estimated at a dry Bulk Density of 1.89 t/m³, 1.70 t/m³, 1.90 t/m³, 2.12 t/m³ for till, laterite, residuum and carbonatite respectively.
• Mineral Resources are constrained by a Whittle open pit shell.
• A minimum mineralisation width of five metres was used for Indicated Resources and two metres for Inferred Resources.
• Values for tonnage and grade may not add up due to rounding.

Cautionary note: mineral resources that are not mineral reserves do not have demonstrated economic viability. The foregoing mineral resource estimates are as at December 31, 2021. For more information with respect to the data verification procedures undertaken and the key assumptions, parameters and risks associated with the foregoing estimates, refer to Fox River Resources Technical Report entitled ‘Martison Phosphate PEA’ dated effective April 21, 2022, which was filed on SEDAR+ on June 3, 2022.

The second research project will test for extraction of niobium from the phosphate tailings.

CanmetMINING is a Canadian government research organisation within Natural Resources Canada (NRCan). The funding for the research projects comes from NRCan’s Critical Minerals Research Development and Demonstration Program, under which $44.4 million was recently allocated to federal laboratories and includes collaboration with industry.

The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, said, “CanmetMINING's research is driving innovation in Canada’s critical minerals sector. Developing cutting-edge technologies is central to this federal government’s vision of a resilient and forward-looking Canadian economy. Through partnerships like this, we are creating good jobs today and laying the foundation for future prosperity for generations to come.”

Stephen Case, Chief Executive Officer of Fox River said, “Martison is a high-grade, large-scale, igneous phosphate deposit. The niobium and rare earth elements in the lateritic material and the niobium in the phosphate tailings are of economic interest to Fox River. The research collaboration with CanmetMINING will help us better understand the additional mineralisation.”

Read the article online at: https://www.worldfertilizer.com/phosphates/09012025/fox-river-collaborating-with-canmetmining-to-research-the-martison-phosphate-deposit/