TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Fox River Resources Corporation (the “Company” or “Fox River”) (CSE:FOX) is pleased to announce that the Ontario government has awarded funding through the Critical Minerals Innovation Fund of up to CAD$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.
Related Questions
How will the CAD$218,500 funding award affect Fox River's cash flow and balance sheet in the near term?
What is the timeline for the process test work on converting MGA to PPA, and when can results be expected?
How does the Martison project’s potential in the LFP battery supply chain compare to other Canadian or global projects?
What are the technical and commercial risks associated with the conversion of merchant grade phosphoric acid to purified phosphosphoric acid?
Will the funding trigger any additional government incentives, grants, or partnerships for Fox River?
How might this funding announcement influence Fox River's stock price and trading volume in the short term?
What is the expected market size and pricing outlook for purified phosphoric acid in the LFP battery market?
How does the funding amount compare to Fox River’s historical R&D spend and the overall capital requirements of the Martison project?
What are the potential regulatory or environmental hurdles for scaling up the PPA production process?
How does Fox River’s technology for converting MGA to PPA compare to competitor technologies in terms of efficiency, cost, and scalability?
Will this funding lead to any changes in Fox River's capital structure, such as dilution or debt issuance?
What is the potential impact on Fox River's valuation multiples (e.g., P/E, EV/EBITDA) if the project successfully reaches commercial production?