Arianne Phosphate announces MOU agreement with FLSmidth to act as key supplier to the Lac à Paul project Includes commitment to introduce and assist with potential financing options DAN: TSX-V (Canada) JE9N: FSE (Germany)
Arianne Phosphate announces MOU agreement with FLSmidth to act as key
supplier to the Lac à Paul project
Includes commitment to introduce and assist with potential financing options
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, April 11, 2017 /CNW Telbec/ - 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
the signing of a memorandum of understanding ("MOU" ) agreement with FLSmidth to provide all
production equipment and engineering for the future plant, in collaboration with the various key suppl iers
involved in the Lac à Paul project development.
"Over the last few months, Arianne has been focusin g its actions on bringing together industry leaders
and experts to successfully undertake the Lac à Pau l project," said Jean-Sébastien David, Arianne's
COO. "These partnerships help to improve and optimi ze the project as a whole. The signing of this
agreement with FLSmidth, a recognized global leader that provides products and services to the global
mining industry, brings us another step toward its realization."
As with other recent agreements, partners selected come with both strong technical ability as well as the
ability to assist Arianne in sourcing the necessary financing solutions. To this end, FLSmidth has
introduced Arianne's Lac à Paul project to the official Danish Export Credit Agency Eksport Kredit Fonden
(EKF), an agency that has been in place since 1922, supporting commercial agreements by assisting with
credit arrangements.
"The process of bringing Lac à Paul into developmen t and unlocking the enormous economic value for
our shareholders and stakeholders continues to move forward," said Brian Ostroff, the CEO of Arianne
Phosphate. "This is not just Arianne alone anymore and, when taken in conjunction with other recent
announcements that have involved major global playe rs, one can see the interest by many in getting thi s
project done. Rio Tinto, Hydro-Québec, Constructions Proco, ABB, SNC Lavalin, Cegertec and now
FLSmidth have all signed agreements and momentum is clearly in place. Lastly, with the assistance of
some of these groups to help us source workable fin ancing solutions, the questions around our financing
strategy have gone a long way towards being answere d."
"FLSmidth is a leader in phosphate processing technologies covering the full flowsheet. This is one of the
largest phosphate greenfield projects in the world; we look forward to providing our expertise in
equipment and processes to ensure optimal productiv ity with the lowest total cost of ownership," says
Group Executive Vice President for FLSmidth's Minerals Division, Manfred Schaffer.
About FLSmidth
FLSmidth is the market-leading supplier of producti vity to the global mining and cement industries.
Headquartered in Copenhagen, Denmark, and with offices in more than 50 countries, FLSmidth delivers
engineering, equipment and service solutions to customers worldwide. Productivity, sustainability, and
quality are focus areas for the 12,000 employees in FLSmidth. The company generated revenue of
DKK 18 billion in 2016. Read more on www.flsmidth.com .
About Arianne Phosphate
Arianne Phosphate ("Arianne Phosphate Inc.") ( www.arianne-inc.com ) is developing the Lac à Paul
phosphate deposits located approximately 200 km nor th of the Saguenay/Lac St. Jean area of Quebec,
Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P 2O5 with
little or no contaminants. The Company has 97,648,0 80 million shares outstanding.
Neither TSX Venture Exchange nor its Regulation Ser vices 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 Inf ormation
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", "cou ld",
"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 po wer 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 risk s
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 ris ks
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 activiti es 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 acc ordance with plans and such plans achieving their
stated expected outcomes, receipt of required regulatory approvals, 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 wil l 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.
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%SEDAR: 00003556E
For further information: Source: Jean-Sébastien David, C.O.O., Tel. : 418-549-7316,
[email protected]; Info: Brian Ostroff, C.E.O., Tel. : 514-908-4202, brian.ostroff@arianne-
inc.com
CO: Arianne Phosphate Inc.
CNW 07:30e 11-APR-17