Canadian Phosphate Limited (ASX:CP8) is a mineral exploration company focused on advancing its Wapiti and Fernie sedimentary rock phosphate projects in British Columbia, Canada. A key component of fertilizer and Lithium Iron Phosphate battery production, Canada imports 99% of its phosphate needs from around the world.
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Canadian Phosphate Limited was founded on the acquisition of high-grade, low impurity sedimentary rock phosphate tenements in Canada. Early-stage exploration, along with exclusive high-grade, organic phosphate sources in the USA, Mexico and Vietnam, established the company as a key supplier rock phosphate to organic and regenerative fertilizer manufacturers. Canadian Phosphate Limited is expanding towards large scale mining to target mainstream fertilizer manufacturers and the evolving LFP battery industry in North America.
The global phosphate rock market was valued at an estimated US$23.32 billion in 2022, and is projected to grow to US$32.89 billion by 2032. The U.S. Geological Survey estimates global consumption of phosphate rock used in fertilizers grew from 43.8 million tons in 2022 to 45.7 million tons in 2023, underscoring rising demand within the agriculture sector. With no known substitute, rock phosphate remains an essential and finite resource.
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Canadian Phosphate Ltd holds the mineral rights to two rock phosphate mining projects: Wapiti & Fernie. These are strategically located next to the Canadian Prairie agricultural region, and adjacent rail and road infrastructure provides access within Western Canada and the United States.
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Canadian Phosphate Limited strives to support a sustainable and environmentally responsible mining approach to deliver food security and a greener future. By integrating advanced extraction methods, energy-efficient processing, and innovative waste management solutions, we can minimize environmental impact while maximizing resource recovery. Prioritizing sustainability ensures we not only meet regulatory and market demands but also reinforces our reputation as a responsible industry leader committed to environmental stewardship and economic resilience.
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ASX: CP8
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