-former senior executive of Nutrien Ltd.
phosphate division to enhance business advisory team
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTCQX (USA)
SAGUENAY, QC, Aug. 17,
2023 /CNW/ - Arianne Phosphate (the "Company" or
"Arianne") (TSXV: DAN) (OTCQX: DRRSF) (FRANKFURT: JE9N), a
development-stage phosphate mining company, advancing the Lac à
Paul project in Quebec's
Saguenay-Lac-Saint-Jean region, is pleased to announce that Mr.
Mark Edinger will be joining the
Company as an advisor. Mr. Edinger is a 15-year veteran of
Nutrien Ltd. and its predecessor (Potash Corporation of
Saskatchewan) having most recently
served as their Director of Phosphate Commercial and Product
Management Teams. As a Director in that division, Mr. Edinger
had responsibility for the global marketing of Nutrien's phosphate
product lines, providing him with a deep understanding of the
participants involved, the market and the economics.
"Over the years, I have watched Arianne advance its Lac à Paul
deposit from a grass roots exploration asset to, what is today, one
of the most significant phosphate deposits in the world," said Mr.
Edinger. "Aside from its size and geopolitically safe jurisdiction,
Arianne will produce a very high-purity, low-contaminant phosphate
that will be required to meet the world's growing demand. Further,
as Arianne has already demonstrated, their phosphate is ideal
for the materials required for the LFP battery, a market that will
significantly increase the importance of the Arianne deposit. I am
very excited to be part of this project and use my knowledge and
contacts to see it come to fruition."
"I worked closely with Mark for many years at Nutrien and look
forward to repeating our success at Arianne," said Raef Sully, former CEO of Nutrien's Phosphate
and Nitrogen divisions and member of the Arianne Board of
Directors. "Aside from their significant phosphate fertilizer
operations, Nutrien also produces purified phosphoric acid, the
material required for industrial applications as well as the LFP
battery. Mark and I both know first-hand the opportunities
for high-purity market and believe that Arianne can be the major
player in this market; we look forward to advancing it."
Arianne's Lac à Paul deposit is an igneous phosphate deposit and
thus very rare. Due to its geological nature, Arianne can
produce an extremely pure phosphate concentrate devoid of the
deleterious elements often found in most other deposits. As a
result, aside from being able to address the world's growing demand
for fertilizer, Arianne's phosphate is ideal for the
production of the lithium-iron-phosphate ("LFP") battery.
The LFP battery today is among the fastest growing battery
chemistries with many automotive companies, such as Tesla, Ford and
Volkswagen announcing plans to use them. Beyond its use
in EVs, the LFP battery is set to be dominant in the energy
storage market. In order to meet this growing demand, the world
supply of purified phosphoric acid will need to increase
two-to-three-fold. Currently, with 90% of all LFP production
situated in China, Arianne's
Canadian-based deposit will be of significant importance going
forward as the West looks to secure production of these critical
materials.
As well, Arianne today has announced a grant of 500,000 stock
options to Mr. Jeffrey Beck, CEO of
Arianne Phosphate and are in lieu of any salary or cash
remuneration. These Options entitle Mr. Beck to purchase one common
share of the Company until August 17,
2023, at a price of $ 0.34 per
share, this being the closing price of the Company's shares on the
trading day preceding the date of the grant. The Options are
subject to a vesting period and are also subject to regulatory
approval. Mr. Beck added, "similar to my past employment
with Arianne, I am excited to have my remuneration tied to the
future of the Company and believe that both the quality of the
asset and the macro business environment will allow for this
project to flourish."
About Arianne Phosphate:
Arianne Phosphate ("Arianne
Phosphate Inc.") (www.arianne-inc.com) is developing the Lac à Paul
phosphate deposits located approximately 200 km north of the
Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high
quality igneous apatite concentrate grading 39%
P2O5 with little or no contaminants
(Feasibility Study released in 2013). The Company has 196,809,271
shares outstanding.
Qualified Person
Raphael Gaudreault, eng., Qualified Person by NI
43-101, has approved this release. Mr. Gaudreault is also the
Company's Chief Operating Officer.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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on:
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Resource Investing
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Cautionary Statements Regarding
Forward Looking Information
This news release contains "forward-looking statements"
and "forward-looking information" within the meaning of applicable
securities regulations in Canada
and the United States
(collectively, "forward-looking information"). Forward-looking
information includes, but is not limited to,
anticipated quality and production of the apatite concentrate
at the Lac à Paul project. Often, but not always, forward-looking
information can be identified by the use of words such as "plans",
"expects, "is expected", "budget", "scheduled", "estimates",
forecasts", "intends", "anticipates", or "believes", or the
negatives thereof or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might", or "will" be taken, occur or be achieved.
Forward-looking information is subject to be known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward-looking information, including but not limited to:
volatile stock price; risks related to changes in commodity prices;
sources and cost of power facilities; the estimation of initial and
sustaining capital requirements; the estimation of labour and
operating costs; the general global markets and economic
conditions; the risk associated with exploration, development and
operations of mineral deposits; the estimation of mineral reserves
and resources; the risks associated with uninsurable risks arising
during the course of exploration, development and production; risks
associated with currency fluctuations; environmental risks;
competition faced in securing experienced personnel; access to
adequate infrastructure to support mining, processing, development
and exploration activities; the risks associated with changes in
the mining regulatory regime governing the Company; completion of
the environmental assessment process; risks related to regulatory
and permitting delays; risks related to potential conflicts of
interest; the reliance on key personnel; financing, capitalization
and liquidity risks including the risk that the financing necessary
to fund continued exploration and development activities at Lac à
Paul project may not be available on satisfactory terms, or at all;
the risk of potential dilution through the issue of common shares;
the risk of litigation. Forward-looking information is based on
assumptions management believes to be reasonable at the time such
statements are made, including but not limited to, continued
exploration activities, no material adverse change in commodity
prices, exploration and development plans proceeding in accordance
with plans and such plans achieving their stated expected outcomes,
receipt of required regulatory approval, and such other assumptions
and factors as set out herein. Although the Company has attempted
to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such forward-looking information. Accordingly,
readers should not place undue reliance on forward-looking
information. Forward-looking information is made as of the date of
this press release, and the Company does not undertake to update
such forward-looking information except in accordance with
applicable securities laws.
SOURCE Arianne Phosphate Inc.