ARIANNE PHOSPHATE AND ITS RESEARCH PARTNER RECEIVE A THREE-YEAR GRANT FOR THE DEVELOPMENT OF A PROMISING ORGANIC FERTILIZER -additional funding will allow Cegep Riviere-de-Loup to continue work using high-purity phosphate
ARIANNE PHOSPHATE AND ITS RESEARCH
PARTNER RECEIVE A THREE-YEAR GRANT
FOR THE DEVELOPMENT OF A PROMISING
ORGANIC FERTILIZER
-additional funding will allow Cegep Riviere-de-Loup to continue work using high-purity phosphate
in a new breed of fertilizer
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTCQX (
USA
)
SAGUENAY, QC
,
Oct. 24, 2023
/CNW/ -
Arianne Phosphate (the "Company" or "Arianne")
(TSX VENTURE: 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 its joint research project with the CEGEP of Riviere-de-Loup's
Environmental and Biotechnology Group ("GREB") has received a grant of
$727
, 500 over three
years from the Natural Sciences and Engineering Research Council of
Canada
("NSERC"), the major
Canadian federal agency for funding natural sciences and engineering research in
Canada
.
The grant has been provided after a successful first round of work aimed at producing a new breed
of fertilizers through a process, developed by the GREB, of combining Arianne's high-purity
phosphate concentrate with organic waste (
see Press Release dated
February 8, 2022
). Today,
most fertilizers (MAP & DAP) are produced by taking mined phosphate concentrate and combining it
with sulphuric acid and other ingredients. The work being done by GREB would alter the traditional
process of making fertilizer, removing the requirement of acid, and allow for the use of organic
wastes that otherwise often wind up in landfills.
"We are all very excited by the early success of this work," said
Raphael Gaudreault
, COO of
Arianne Phosphate. "The potential of this work could be transformative, allowing the industry to
move away from acid-based fertilizers towards a more circular and environmentally friendly way of
production."
Arianne's Lac à Paul deposit is igneous in nature, and thus, quite rare. Due to its geological
structure, Arianne can produce a very high-purity, low-contaminant phosphate concentrate that
allows it to be used in innovative and technically advanced products, thus separating the Company
from most of the other phosphate projects currently in place.
"Whether for use in innovative fertilizers, or for its proven ability to work as a key ingredient in the
growing LFP battery industry, Arianne can be an industry leader in the 'greening' of the world's
economy," added Arianne's President,
Brian Ostroff
.
ERRATUM – The Company indicates that an error was made in the English press release dated
August 17
, 2023. The expiration date of the stock options granted to
Jeffrey Beck
is
August 17,
2033
.
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/October2023/24/c2620.html
%SEDAR: 00003556E
For further information:
Source: Raphael Gaudreault, COO, Tel. : 418-590-1318,
[email protected], OR Info: Brian Ostroff, President, Tel. : 514-908-4202,
CO: Arianne Phosphate Inc.
CNW 08:00e 24-OCT-23