-Lithium-Iron-Phosphate batteries projected to
be a leader in next generation cars
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Nov. 3, 2021 /CNW
Telbec/ - Arianne Phosphate (the "Company" or
"Arianne") (TSXV: DAN) (OTC:
DRRSF) (FRANKFURT: JE9N), a development-stage phosphate
mining company, advancing its Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is
pleased to announce that following preliminary test work,
conducted in collaboration with several battery industry
participants, the Company will now be sending out its high-purity
phosphate concentrate for a more detailed analysis. This next
stage of testing has been designed to meet specifications provided
by a major battery producer by way of MoU and, through an
independent facility that is a producer of purified phosphoric
acid.
Over the last several years, the lithium-iron-phosphate ("LFP")
battery has been gaining greater penetration among certain segments
of the automotive industry with, several large companies increasing
the number of vehicles using these batteries. A constraint on
some of the current battery technologies has been the ability to
source both an ample and safe supply of the necessary materials to
produce these batteries, a challenge that is impacting the
industry. In the case of LFP batteries, both iron and
phosphate are easier to source and, should provide for the
substantial growth that is expected to come over the next few
years.
"The beauty of Arianne's high-purity concentrate is that it
works across a wide spectrum of needs, from fertilizer through to
more advanced applications," said Brian
Ostroff, President of Arianne Phosphate. "Based on
further tests, LFPs could provide an exciting new potential market
for our Company as we look to conclude offtake and partnership
agreements to advance, and unlock, the considerable value of our
Lac à Paul project. As with the fertilizer industry, which is
now suffering significant supply disruptions, Arianne's location in
a safe geopolitical environment provides security of supply for
those looking to source their phosphate."
Initial work surrounding the Company's high-purity phosphate
concentrate has indicated that it would be a good fit for the
industry and, has led Arianne to actively pursue this
opportunity. Although projected to be a relatively small
amount within the overall phosphate market, LFPs will represent a
more significant amount of the high-purity market as a whole and, a
very significant amount of Arianne's projected 3 million tonnes of
annual output. Arianne is continuing its discussions with
players in the LFP industry to address their growing needs for
phosphate.
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.
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 185,389,469
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 and the use of net proceeds from the
Offering. 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.
