ARIANNE PHOSPHATE EXPLORING THE USE OF PHOSPHATE IN HYDROGEN-BASED TECHNOLOGIES -Company is working with the University of Quebec at Three-Rivers in the use of phosphate in electrolysers and energy cells DAN: TSX-V ( Canada
ARIANNE PHOSPHATE EXPLORING THE USE
OF PHOSPHATE IN HYDROGEN-BASED
TECHNOLOGIES
-Company is working with the University of
Quebec
at Three-Rivers in the use of phosphate in
electrolysers and energy cells
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTC (
USA
)
SAGUENAY, QC,
Dec. 15, 2021
/CNW Telbec/ -
Arianne Phosphate (the "Company" or
"Arianne")
(TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N)
,
a development-stage phosphate
mining company, advancing its Lac à Paul project in
Quebec's
Saguenay-Lac-Saint-Jean region, is
pleased to announce that it is working with the University of
Quebec
at Three-Rivers ("UQTR") to
assess the use of Arianne's high-purity phosphate concentrate in electrolysers that produce
hydrogen for use in hydrogen fuel cells.
UQTR's work is focusing on designs around the proton exchange membrane ("PEM") within
electrolysers that produce hydrogen for use in fuel cells. Currently, electrolysers have three main
challenges for mass production: performance, durability and cost. The current research centers on
the use of phosphate-based materials in the components of the electrolyser and would address
these challenges. Phosphate does allow for greater ionic conductivity and will optimize hydrogen
production. Heading this work will be Dr. Samaneh Shahgaldi, an Associate Professor and
Canadian Research Chair at UQTR and, Adjunct Associate Professor at the University of Waterloo.
Dr. Shahgaldi has also served in industrial and commercial roles, acting as Senior Research
Scientist at Cummins/Hydrogenics.
"Although early in the process, electrolysers, as well as our recently announced work with LFP
batteries, continues to demonstrate the increasing demands for phosphate beyond the agricultural
sector," said
Brian Ostroff
, President of Arianne Phosphate. "Arianne's high-purity phosphate is
ideal to meet the world's growing demand for phosphate as it very well-suited for applications of all
sorts; from fertilizer to advanced energy applications. Further, with the project located in
Quebec,
Canada
, it addresses many offtakers' concerns around security of supply; an issue that has, and
continues to, affect the global availability of phosphate."
In partnering with UQTR and Dr. Shahgaldi, Arianne continues its involvement with groups looking to
use high-purity phosphate for specialty applications. Green hydrogen production is an industry that
the Province of
Quebec
believes has a bright future and, the Government recently announced that it
is currently assessing plans to move the industry forward.
Similarly, with regards to lithium-iron-phosphate ("LFP") batteries,
Quebec
has been aggressively
backing initiatives to be a major center for materials, technology, and production, having initiated
discussions with many industry players. Aside from this separate initiative involving electrolysers for
hydrogen fuel cells, Arianne announced last month (
see Press Release dated
November 3, 2021
)
that it is currently testing its high-purity phosphate concentrate to meet battery-grade specifications
for LFP battery production.
As well, Arianne today has announced a grant of 595,000 stock options to members of the Board of
Directors. Each Option entitles the holder to purchase one common share of the Company until
December 14, 2031
at a price of
$0.41
per share, this being the closing price of the Company's
shares on the trading day preceding the date of the grant. The Options are subject to a vesting
period and are also subject to regulatory approval.
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% P
2
O
5
with little or no contaminants (Feasibility Study released in 2013). The Company has
185,464,469 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 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 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 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/December2021/15/c9012.html
%SEDAR: 00003556E
For further information:
Source : Raphael Gaudreault, COO., Tél. : 418-549-7316,
[email protected]; Info: Brian Ostroff, President, Tel.: 514-908-4202,
CO: Arianne Phosphate Inc.
CNW 07:30e 15-DEC-21