
Fox River Resources
Vertically integrated phosphate and phosphoric acid producer.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
* | CAD219k | Grant | |
Total Funding | 000k |
CAD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Fox River Resources Corporation, founded on November 12, 2015, is a Canadian mineral exploration company focused on the advancement of its primary asset, the Martison Phosphate Project. The company was spun out of PhosCan Chemical Corp. in 2016, with the Martison project having been PhosCan's main focus during the 2006-2009 agriculture cycle. The company is managed by President, CEO, and Director Stephen Case, who has over 25 years of experience in financing and developing mineral assets and previously led PhosCan Chemical Corp. He is supported by CFO Fraser Laschinger and a board of directors with extensive experience in investment and finance.
The company's core business revolves around developing the Martison Phosphate Project, located near Hearst, Ontario, into a vertically integrated facility. This project involves an open-pit mine, a beneficiation plant, and a conversion complex. The business model is to mine phosphate ore, process it into a concentrate, and then convert it into phosphoric acid. This acid is then used to produce various fertilizer products, including super phosphoric acid (SPA), mono-ammonium phosphate (MAP), and nitrogen phosphate sulfur (NPS) fertilizer. A key aspect of the project is its plan to also produce purified phosphoric acid (PPA), a critical component for the lithium iron phosphate (LFP) battery supply chain, positioning the company in both the agricultural and clean energy markets. The project's strategic location in Ontario provides access to infrastructure and proximity to target markets in Western Canada and the U.S. Midwest, which are currently dependent on imports for phosphate.
A Preliminary Economic Assessment (PEA) completed in April 2022 indicated strong project economics. The company operates as a publicly traded entity on the Canadian Securities Exchange (CSE: FOX). Its primary goals are to establish a cost-effective and environmentally responsible phosphate production facility to meet growing market demands and create shareholder value. In August 2025, the company received a funding award from Ontario's Critical Minerals Innovation Fund to advance the production of purified phosphoric acid for LFP batteries.
Keywords: phosphate mining, phosphoric acid, fertilizer production, Martison Phosphate Project, critical minerals, lithium iron phosphate battery, LFP, agricultural chemicals, mineral exploration, Canadian resources, vertically integrated mining, mono-ammonium phosphate, super phosphoric acid, North American agriculture, resource development, junior mining, chemical production, sustainable agriculture, clean energy supply chain, food security