-process will allow for concentrate to
specifically target agricultural and specialty applications
DAN: TSX-V (Canada)
JE9N: FSE (Germany
DRRSF: OTC (USA)
SAGUENAY, QC, May 18, 2022
/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 has
successfully tested an enhanced process that will allow the Company
to optimize its high-purity phosphate concentrate for specific end
markets.
Working with Corem, a Quebec-based Company specializing in mineral
processing, Arianne produced both a low MER (minor element ratio)
and higher MER phosphate concentrate using high intensity magnetic
separation. The results demonstrated that Arianne's phosphate
concentrate can be further optimized to meet target markets with an
easy addition to the process flowsheet. The low MER material
is of interest to those looking for specialty phosphate
applications, such as high-purity acid used in
lithium-iron-phosphate ("LFP") batteries while, the higher MER
concentrate would be of interest for direct application
fertilizers, as it would be higher in beneficial micronutrients
such as iron.
"Due to the nature of Arianne's phosphate concentrate, the
Company has been approached by participants outside of the
traditional fertilizer industry," said Brian Ostroff, President of Arianne. "With
this work complete, Arianne continues to demonstrate the
superiority of its phosphate concentrate and will allow the Company
to produce a concentrate specifically targeted for its end
use. Further, by opening up additional premium markets, it
allows greater commercial opportunities for our investors and
stakeholders at a time when macro events have driven phosphate
demand and, forced buyers to try and secure their supplies from
safer geopolitical jurisdictions."
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 the holder to purchase one
common share of the Company until May 17,
2032 at a price of $0.55 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, "after having spent the last year
at Arianne and watching its progression, the ability to tie my
remuneration to the future fortunes of the Company, was a welcomed
opportunity."
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 189,969,848 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.
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.
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
SOURCE Arianne Phosphate Inc.