Agreement will allow for 50 year access to
global markets
SAGUENAY, QC, April 15, 2021 /CNW
Telbec/ - Arianne Phosphate (the "Company" or "Arianne")
(TSXV: DAN) (OTC: DRRSF) (FSE: 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 it has reached an agreement in principle
with the Port of Saguenay (the "Port") regarding the future site of
a maritime loading facility on the north shore of the Saguenay
River. This Agreement will allow for both the Company and the
Port to finalize details surrounding the costs, construction and
operations of the facility from which, Arianne will be shipping its
phosphate concentrate globally. The final agreement will
cover the use of the facility for an initial period of 30 years,
thereafter renewable twice for periods of 10 years.
"Like any globally traded commodity, transportation and
logistics is a key element of success," said Brian Ostroff, CEO of Arianne. "Once
loaded on a ship our phosphate can be sent anywhere and, given the
high purity of our concentrate, we will enjoy tremendous economies
of scale. This Agreement comes at a time when global demand
for phosphate continues to rise driven by a greatly improved
agricultural macro and growth in specialty applications such as
Lithium Iron Phosphate (LFP) batteries for cars."
Jean-Sébastien David, COO of the Company added, "our Agreement
comes after close cooperation with the Port and local authorities
as Arianne continued to optimize its transportation plan from mine
to port. With a 50-year Agreement, we will be in a strong
position to supply our global customers from our long life-of-mine
Lac à Paul project."
Currently, the Port of Saguenay operates its facilities on the
south shore of the Saguenay River and is a main commercial hub in
the region, shipping and receiving a variety of goods
year-round. As part of the Agreement, Arianne will sell to
the Port a parcel of land on the north shore thus, allowing for
construction of a loading facility that allows for easy access and
serves as gateway to international commercial centers.
Qualified Person
Jean-Sébastien
David, P.Geo., Qualified Person by NI 43-101, has approved this
release. Mr. David 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 173,354,669
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 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.