-Company is working with the University of
Quebec at Three-Rivers in the use
of phosphate in electrolysers and energy cells
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Dec. 15, 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 it is
working with the University of Quebec at Three-Rivers ("UQTR") to assess the
use of Arianne's high-purity phosphate concentrate in electrolysers
that produce hydrogen for use in hydrogen fuel cells.
UQTR's work is focusing on designs around the proton exchange
membrane ("PEM") within electrolysers that produce hydrogen for use
in fuel cells. Currently, electrolysers have three main
challenges for mass production: performance, durability and
cost. The current research centers on the use of
phosphate-based materials in the components of the electrolyser and
would address these challenges. Phosphate does allow for
greater ionic conductivity and will optimize hydrogen
production. Heading this work will be Dr. Samaneh Shahgaldi,
an Associate Professor and Canadian Research Chair at UQTR and,
Adjunct Associate Professor at the University of Waterloo.
Dr. Shahgaldi has also served in industrial and commercial roles,
acting as Senior Research Scientist at
Cummins/Hydrogenics.
"Although early in the process, electrolysers, as well as our
recently announced work with LFP batteries, continues to
demonstrate the increasing demands for phosphate beyond the
agricultural sector," said Brian
Ostroff, President of Arianne Phosphate. "Arianne's
high-purity phosphate is ideal to meet the world's growing demand
for phosphate as it very well-suited for applications of all sorts;
from fertilizer to advanced energy applications. Further,
with the project located in Quebec,
Canada, it addresses many offtakers' concerns around
security of supply; an issue that has, and continues to, affect the
global availability of phosphate."
In partnering with UQTR and Dr. Shahgaldi, Arianne continues its
involvement with groups looking to use high-purity phosphate for
specialty applications. Green hydrogen production is an
industry that the Province of Quebec believes has a bright future and, the
Government recently announced that it is currently assessing plans
to move the industry forward.
Similarly, with regards to lithium-iron-phosphate ("LFP")
batteries, Quebec has been
aggressively backing initiatives to be a major center for
materials, technology, and production, having initiated discussions
with many industry players. Aside from this separate
initiative involving electrolysers for hydrogen fuel cells, Arianne
announced last month (see Press Release dated November 3, 2021) that it is currently testing
its high-purity phosphate concentrate to meet battery-grade
specifications for LFP battery production.
As well, Arianne today has announced a grant of 595,000 stock
options to members of the Board of Directors. Each Option entitles
the holder to purchase one common share of the Company until
December 14, 2031 at a price of
$0.41 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.
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 185,464,469
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. 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.