SAGUENAY, QC, Jan. 24,
2023 /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 the
Company's Board of Directors has named Mr. Marco Gagnon as Chairman, replacing Mr.
Dominique Bouchard. Mr.
Bouchard will remain on the Board but, has stepped away as Chairman
for personal reasons. The Company wishes to thank Mr. Bouchard for
his hard work during these past five years to ensure the progress
of Arianne.
Mr. Gagnon is a professional geologist with 30 years management
experience within the Canadian mining industry in a wide range of
commodities from project exploration to mine production. Since
2004, Mr. Gagnon has held senior management positions including
President and CEO of Adventure Gold, a company acquired by Probe
Gold, where he currently serves as Executive Vice President and a
member of their Board of Directors. Mr. Gagnon has served on
the Board of Arianne since 2011.
As well, following the appointment of Dr. Raef Sully as an advisor to Arianne Phosphate
(see Press Release dated November 29,
2022), today the Company has announced that he will be
joining the Company's Board of Directors. Dr. Sully most
recently served as Executive Vice President of Nutrien Ltd. and was
CEO of their Phosphate and Nitrogen divisions, overseeing their
operations, as well as strategic and financial matters.
Previous to his roles at Nutrien Ltd., and its predecessor Potash
Corp., Dr. Sully was with Bain & Company in both Australia and the
United States.
Marco Gagnon, Arianne's new
Chairman, states. "Being involved with Arianne for many
years, I have seen the Company advance its world-class Lac a Paul
project from exploration to what is today, the world's largest,
purest and safest phosphate rock project. Today, with a fully
permitted project, the increased demand for phosphate and, a higher
price, we see a bright future for Arianne's phosphate
concentrate. I am excited to take on my new responsibilities
and very pleased to work with the team in place and with our
newcomer on the Board Dr. Sully, who will bring a unique expertise
to our team."
Dr. Sully added, "aside from the growing demand for phosphate to
meet the agricultural needs of fertilizer and animal feeds, there
is also rapidly growing demand for high-purity phosphate for
industrial purposes. Further accelerating this demand is the
advent of the lithium-iron-phosphate ("LFP") battery which will
make a tight market tighter. As Arianne has demonstrated, our
phosphate is ideal for these advanced applications, making it a
very sought-after material."
In conjunction with their respective appointments, Arianne
Phosphate has issued 360,000 options. Each Option entitles
the holder to purchase one common share of the Company until
January 24, 2033 at a price of
$0.34 per share, this being the
closing price of the Company's shares on the trading day preceding
the date of the grant. These Options are all subject to respective
vesting periods and subject to regulatory approval.
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 190,187,348 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.
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 labor 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.
