APATITE (PHOSPHATE) ADDED TO THE QUEBEC CRITICAL AND STRATEGIC MINERALS LIST -announcement will put Arianne Phosphate's Lac à Paul project in focus DAN: TSX-V ( Canada ) JE9N: FSE ( Germany ) DRRSF: OTCQX ( USA )
APATITE (PHOSPHATE) ADDED TO THE
QUEBEC CRITICAL AND STRATEGIC
MINERALS LIST
-announcement will put Arianne Phosphate's Lac à Paul project in focus
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTCQX (
USA
)
SAGUENAY, QC
,
Jan. 24, 2024
/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 Quebec Government has added apatite (phosphate) to its critical and strategic
mineral list. Apatite is a phosphate based mineral and contained in the Company's Lac à Paul
deposit.
In 2020, the Quebec Government launched its 5-year plan to develop critical and strategic minerals,
providing support for companies involved in this sector. Yesterday, the
Quebec
Minister of Natural
Resources and Forests, Mme Maïté Blanchette Vézina, unveiled the 2023-2025 Action Plan for the
Development of the Quebec Plan for the Development of Critical and Strategic Minerals 2020-2025
("PQVMCS"), where apatite was added to this list.
Quebec
now joins several other jurisdictions,
including the European Union and
South Korea
in recognizing phosphate as a critical mineral.
Minister
Blanchette Vezina
added [translated] "At a time when the supply of critical and strategic
minerals is becoming more and more essential, particularly for the decarbonization of the economy,
Quebec
has the privilege of having the mineral resources and know-how necessary to develop its
value chain of critical and strategic minerals in compliance with the principles of sustainable
development, social acceptability and wealth creation for regions and communities. This new version
of the action plan will take us even further towards this objective."
Arianne Phosphate today hosts the world's largest independent greenfield phosphate deposit.
Situated in
Quebec, Canada
, the Company can produce a very high-purity/low-contaminant
phosphate concentrate, ideal for use in both fertilizer and technical-grade applications, including the
production of purified phosphoric acid ("PPA"). PPA is the ingredient required in the production of
lithium-iron-phosphate ("LFP") batteries and, as per the Arianne's announcement in
March 2023
(
see here
), the Company has already demonstrated its ability to produce battery-grade phosphoric
acid that meets battery manufacturer specifications. Arianne's Lac à Paul project is fully permitted
and shovel-ready.
"We welcome the addition of phosphate to the critical and strategic minerals list," said
Brian Ostroff
,
President of Arianne Phosphate. "Phosphate's addition underscores the importance of this key
ingredient as Western countries struggle to find needed supply if they are to meet the coming
demand of LFP batteries. Today, over 30% of all batteries are LFP and as demands from both the
automotive industry, as well as energy storage systems continue to grow, many see a pending acute
shortage of PPA. Arianne's Lac à Paul project is being developed to meet this urgent demand."
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% P
2
O
5
with little or no contaminants (Feasibility Study released in 2013). The Company has
196,809,271 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 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.
View original content:
http://www.newswire.ca/en/releases/archive/January2024/24/c5556.html
%SEDAR: 00003556E
For further information:
Source : Raphael Gaudreault, COO, Tel. : 418-590-1318,
[email protected]; Info: Brian Ostroff, President, Tel. : 514-908-4202,
CO: Arianne Phosphate Inc.
CNW 07:00e 24-JAN-24