Fox River Closes Fully Subscribed Non-Brokered Private Placement
Fox River Resources Corporation is engaged in the advancement of the Martison Phosphate Project located near Hearst, Ontario. Intended to serve the North American markets, the Project entails the construction of a vertically integrated phosphoric acid facility. The plant would utilize the Martison phosphate deposit and sulphuric acid from existing nearby base metal smelters or a sulphuric acid plant built by the Company utilizing low-cost sulphur from Western Canada. The acidulation of these two primary inputs would be utilized to create phosphoric acid used to produce products in the fertilizer and industrial phosphate markets, such as the lithium iron phosphate (LFP) battery used in electric vehicles and energy storage.
The project is strategically positioned in proximity to the Western Canada and the U.S. midwestern markets with ready access to excellent infrastructure including rail, power, labour and an abundant supply of either sulphur or sulphuric acid.
The Company’s primary goals are to provide sustained growth and superior shareholder value by building an integrated phosphate fertilizer facility, designed to produce products that help meet market demands in a cost effective, profitable and environmentally and socially responsible way.