Arianne Phosphate Names Marco Gagnon as Chairman and Adds Dr. Raef Sully to Its Board of Directors
ARIANNE PHOSPHATE NAMES MARCO
GAGNON AS CHAIRMAN AND ADDS DR.
RAEF SULLY TO ITS BOARD OF DIRECTORS
SAGUENAY, QC
,
Jan. 24, 2023
/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 the Company's Board of Directors has named Mr.
Marco Gagnon
as
Chairman, replacing Mr.
Dominique Bouchard
. Mr. Bouchard will remain on the Board but, has
stepped away as Chairman for personal reasons. The Company wishes to thank Mr. Bouchard for
his hard work during these past five years to ensure the progress of Arianne.
Mr. Gagnon is a professional geologist with 30 years management experience within the Canadian
mining industry in a wide range of commodities from project exploration to mine production. Since
2004, Mr. Gagnon has held senior management positions including President and CEO of Adventure
Gold, a company acquired by Probe Gold, where he currently serves as Executive Vice President
and a member of their Board of Directors. Mr. Gagnon has served on the Board of Arianne since
2011.
As well, following the appointment of Dr.
Raef Sully
as an advisor to Arianne Phosphate (
see Press Release dated
November 29, 2022
), today the Company has announced that he will be
joining the Company's Board of Directors. Dr. Sully most recently served as Executive Vice
President of Nutrien Ltd. and was CEO of their Phosphate and Nitrogen divisions, overseeing their
operations, as well as strategic and financial matters. Previous to his roles at Nutrien Ltd., and its
predecessor Potash Corp., Dr. Sully was with Bain & Company in both
Australia
and
the United
States
.
Marco Gagnon
, Arianne's new Chairman, states. "Being involved with Arianne for many years, I
have seen the Company advance its world-class Lac a Paul project from exploration to what is
today, the world's largest, purest and safest phosphate rock project. Today, with a fully permitted
project, the increased demand for phosphate and, a higher price, we see a bright future for
Arianne's phosphate concentrate. I am excited to take on my new responsibilities and very pleased
to work with the team in place and with our newcomer on the Board Dr. Sully, who will bring a
unique expertise to our team."
Dr. Sully added, "aside from the growing demand for phosphate to meet the agricultural needs of
fertilizer and animal feeds, there is also rapidly growing demand for high-purity phosphate for
industrial purposes. Further accelerating this demand is the advent of the lithium-iron-phosphate
("LFP") battery which will make a tight market tighter. As Arianne has demonstrated, our phosphate
is ideal for these advanced applications, making it a very sought-after material."
In conjunction with their respective appointments, Arianne Phosphate has issued 360,000 options.
Each Option entitles the holder to purchase one common share of the Company until
January 24,
2033
at a price of
$0.34
per share, this being the closing price of the Company's shares on the
trading day preceding the date of the grant. These Options are all subject to respective vesting
periods and subject to regulatory approval.
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
190,187,348 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 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.
View original content:
http://www.newswire.ca/en/releases/archive/January2023/24/c8056.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 07:30e 24-JAN-23