-physical samples of the purified phosphoric
acid have also been received
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTCQX (USA)
SAGUENAY, QC, March 6,
2023 /CNW/ - Arianne Phosphate (the "Company" or
"Arianne") (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: 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
received the detailed report on tests confirming the use of the
Company's high-purity phosphate concentrate in the production of
lithium-iron-phosphate ("LFP") batteries.
These tests were performed (see Press Release dated June 21, 2022) using phosphoric acid samples
produced by Prayon Technologies, a division of PRAYON S.A.
("Prayon"), a world leader in the production of purified phosphoric
acid and, a necessary ingredient in the production of LFP
batteries. The report extensively details the full process of
converting Arianne's phosphate concentrate into acid, reviewed
various methods of doing so, optimized performance/recoveries and
provided full specifications. Aside from the reports, Arianne also
received samples of the purified phosphoric acid made from its
phosphate concentrate and produced through the process. Both
reports and samples are currently being made available to companies
interested in having access to Arianne's phosphate concentrate or,
products made from it.
Due to the inherent technical, economic and safety benefits of
the LFP battery, adoption rates have been rapidly increasing. Many
leading automobile companies such as Tesla, Ford and Volkswagen are
pursuing these batteries for use in their cars and driving demand
for the critical materials required for their production. As well,
use of the LFP in energy storage systems is also driving demand and
will represent a significant market. In looking at independent
research, annual demand growth for phosphate concentrate can triple
by 2030 from its current annual rate of 2% and, will drive the
requirement to construct new facilities to produce the necessary
phosphoric acid.
Understanding the potential of this market, Arianne has done
extensive work with Prayon on the ability to build and/or partner
with those interested in constructing a new Merchant Grade Acid
production facility, as a first step. In that capacity, Arianne
completed a pre-feasibility study with Prayon (see Press Release
dated October 30, 2019) several years
ago and, given the demand for purified phosphoric acid, the Company
continues to look at opportunities to expand further downstream and
be a producer for the LFP market.
"The industry is starting to recognize the importance of
sourcing all critical minerals required in the production of
batteries, not just lithium," said Brian
Ostroff, President of Arianne. "I believe it is just a
matter of time before we see a rush into phosphate similar to what
we have seen in other critical materials. Arianne is one of very
few companies that have already gone through the process to qualify
its material for use in the LFP; a process that takes considerable
time and money. Further, the Company's Lac à Paul project is fully
permitted, shovel-ready and, in a jurisdiction that stands to
benefit greatly from various government initiatives to secure
critical materials from a safe, secure region. The world will
certainly require more phosphate, Arianne is first-up to be able to
provide for this growth."
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 190,270,681 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 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.
