DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
-Decision is a major step towards the
realization of Arianne's Lac à Paul phosphate
project
SAGUENAY, QC, Oct. 23 2018 /CNW
Telbec/ - Arianne Phosphate (the "Company" or "Arianne")
(TSXV: DAN) (OTC: 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 the Port of Saguenay has
received a favorable decision with regards to the construction of a
maritime terminal facility on the north shore of the Saguenay
River. Granted by the Minister for the Environment and
Climate Change, the Honorable Catherine McKenna, this decision now
paves the way forward for the construction of a terminal that will
allow for the shipping of Arianne's phosphate concentrate to
customers around the world.
![Arianne Phosphate Inc. (CNW Group/Arianne Phosphate Inc.) Arianne Phosphate Inc. (CNW Group/Arianne Phosphate Inc.)](https://mma.prnewswire.com/media/773542/Arianne_Phosphate_Inc__Port_of_Saguenay_receives_a_favourable_de.jpg)
"We are very pleased by the decision," said Jean-Sebastien David, COO of Arianne
Phosphate. "This result comes after a long period of
collaboration with the Port and involved many environmental
studies, public consultations and a very thorough and rigorous
environmental impact assessment that was conducted by the Canadian
Environmental Assessment Agency. With conditions now set, and
the ongoing responsibilities on the part of the Port and its users
well defined, this approval will allow Arianne and its stakeholders
to receive the economic benefits of the Lac à Paul project while
acting in an environmentally responsible and sustainable
fashion."
The maritime terminal on the north shore of the Saguenay River
is a very significant milestone for the Lac à Paul project.
With a port facility in place, it will allow for efficient and
cost-effective transportation of Arianne's high-purity,
premium-priced phosphate concentrate globally and, will open new
markets for the Company. Based on Arianne's 2013 Feasibility
Study (see Press Release dated October 24,
2013), the project had a US $1.9
billion NPV and is set to produce 3 million tons a year of
phosphate concentrate for 26 years, making it the largest
independent phosphate mine set to come on stream. During
construction of the Lac à Paul mine, over 2,000 jobs will be
created followed by 1,000 direct and indirect on-going jobs through
the life-of-mine.
"This is a very decisive event for our Company and, the region
as a whole," said Brian Ostroff, CEO
of Arianne Phosphate. "I believe that this greatly increases
the chances of our project coming to fruition and something that
many of the potential customers and financiers we are in
discussions with wanted to see happen. This provides a good
example of what can be accomplished when all stakeholders work
together towards a common goal; increased employment, upgraded
infrastructure and economic development. Lastly, this is a
big step towards unlocking the economics for our shareholders who
have supported us over the years as our project has moved towards
realization."
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 105,803,943
million shares outstanding.
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.
Follow Arianne on:
Facebook: https://www.facebook.com/ariannephosphate
Twitter: http://twitter.com/arianne_dan
YouTube: http://www.youtube.com/user/ArianneResources
Flickr: http://www.flickr.com/photos/arianneresources
Resource Investing
News: http://resourceinvestingnews.com/?s=Arianne
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 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 approvals, 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.