DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTCQX (USA)
SAGUENAY, QC, Feb. 3, 2025
/CNW/ - Arianne Phosphate (the "Company" or "Arianne")
(TSXV: DAN) (OTCQX: 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 the Company will be presenting
at the 2nd annual Canadian Critical Mineral Opportunity
Forum ("CCMOF") being held in New York
City, today February 3, 2025.
Hosted by the Consulate General of Canada to the United
States, in New York, the
Forum will allow several Canadian critical mineral companies to
present their projects and interact with investors, corporates and
government officials.
In 2024, both the Canadian and Quebec Governments added apatite
(the phosphate bearing mineral) to their respective critical
mineral lists. Phosphate, primarily used and understood as an
agricultural mineral has risen to prominence because of its use in
lithium-iron-phosphate ("LFP") batteries. The LFP has
undergone significant growth both in Asia and the West, for use in both electric
vehicles and energy storage systems. Today, over 95% of LFPs
are produced in China and, as the
West looks to move their supply chains onshore, there is a growing
interest in critical mineral projects outside of China, and in geopolitically friendly
jurisdictions.
Arianne Phosphate owns the Lac à Paul phosphate project, located
in Quebec, Canada. Today, the
deposit is the world's largest greenfield resource, capable of
producing a high-purity/low-contaminant phosphate concentrate,
ideal for transformation into LFP batteries. The mine is fully
permitted, and the Company is currently pursuing plans for a
downstream facility to transform phosphate concentrate into
battery-grade acid. In late 2024, Arianne received an
investment from a global mining company and continues to work with
potential partners to advance the project to meet this demand.
About 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 to Produce 3Mtpy of High Purity Apatite
Concentrate at the Lac a Paul Project, Québec, Canada" released on November 13, 2013). The Company has 202,890,210
shares outstanding.
Qualified Person
Raphael Gaudreault, eng., Qualified Person by NI
43-101, has approved the technical disclosure in 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, information relating
to the advancement of a downstream phosphoric acid project, the
acceleration of the discussions with other parties in connection
with the 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 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.