Fox River Resources Corp. has announced that the Ontario government has awarded funding, through the Critical Minerals Innovation Fund, of up to CAN$218 500 for work on the company's Martison project.
The award will be applied toward process test work to convert merchant grade phosphoric acid (MGA) into purified phosphoric acid (PPA) for use in the LFP battery supply chain.
Stephen Case, CEO of Fox River, said: “Martison is a high-grade, large scale, igneous phosphate deposit capable of supplying a secure domestic supply of phosphate fertilizers for our farmers and PPA for the LFP battery supply chain. We are very pleased to be the recipients of this funding programme and thank the Ontario government for supporting our efforts to develop a new source of critical minerals at Martison.”
Stephen Lecce, Minister of Energy and Mines, added: “Ontario is proud to support the Martison project – a made-in-Ontario solution that strengthens our critical minerals supply chain, supports our farmers, and drives economic growth in Northern Ontario. By advancing phosphate processing right here at home, we’re securing the materials we need for LFP batteries and clean technology, while also providing essential fertilizer for Ontario’s agricultural sector. It’s another example of how our government is protecting Ontario by leading the way in building a clean, reliable, and resource-powered economy.”