Arianne Phosphate Names Pierre Fitzgibbon as a Strategic Advisor to the Company DAN: TSX-V ( Canada ) JE9N: Fse ( Germany ) Drrsf: OTCQX ( USA )
ARIANNE PHOSPHATE NAMES PIERRE
FITZGIBBON AS A STRATEGIC ADVISOR TO
THE COMPANY
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTCQX (
USA
)
SAGUENAY, QC
,
March 13, 2025
/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
Pierre Fitzgibbon
will be joining the Company as a strategic advisor. In his role as
strategic advisor, Mr. Fitzgibbon will provide guidance to Arianne's management in regard to
business strategy and help target potential partners for the development of the project.
Mr. Fitzgibbon, until
September 2024
, served as the
Quebec
Minister of Economy, Innovation and
Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the
Montréal Region. During his time in this role, Mr. Fitzgibbon was a strong advocate for the mining
industry in the Province and played an active part in advancing
Quebec
as a major player in the
battery materials and critical minerals space. Before entering politics, Mr. Fitzgibbon held roles with
several prominent financial firms including private equity firm Walter Capital Partners (Managing
Partner) and National Bank Financial (Vice Chairman and CFO). Mr. Fitzgibbon also held several
operating positions through his career, including President and CEO of Atrium Innovations, as well as
Domtar and Peerless Carpet.
"I have watched the Arianne project advance since its early days when I was a member of the Board
and beyond," said
Pierre Fitzgibbon
. "As many know, I have long been a believer in the future of
batteries and understand that
Quebec
has a key role to play in the North American/Western
ecosystem. Further, I have always supported the notion of putting a structure in place to allow
Quebec
to transform its own critical mineral supply into the necessary downstream materials. When
it comes specifically to phosphate, Arianne should play a key role as the industry increasingly looks
to using LFP batteries and, I believe, that I can help the Company as it looks to make its project
become a reality."
"Pierre and I have known each other for many years, including during his time at Arianne, where we
had a strong working relationship" said
Brian Ostroff
, President of Arianne Phosphate. "I look
forward to us working together again and know that Pierre's experience and network will help
accelerate Arianne's discussions with potential partners as we look to bring our project to fruition.
Pierre has a very strong business sense, he is known internationally and, he has experience in
advancing critical mineral projects here in
Quebec
."
In 2024, phosphate was added to both
Quebec
and
Canada's
critical mineral lists. Arianne owns the
Lac à Paul phosphate project in
Quebec, Canada
. The Project hosts the world's largest greenfield
phosphate deposit, has easy access to existing infrastructure and is fully permitted. Due to the rare
igneous nature of the deposit, Arianne can produce a very high-purity, low-contaminant phosphate
concentrate that is easily transformed into purified phosphoric acid ("PPA").
Beyond its use in fertilizer, phosphate, and in particular PPA, is a necessary ingredient for the
lithium-iron-phosphate ("LFP") battery. The LFP battery today is the most prominent of batteries due
to its use in both EVs and energy storage systems and its continued rapid adoption will require more
of the input ingredients. Today
China
represents over 95% of all LFP production and as the West
looks to secure its own supply chain, Arianne's project will be a necessity.
Regarding his role as strategic advisor, the Company has granted Mr. Fitzgibbon 300,000 options.
These options entitle Mr. Fitzgibbon to purchase one common share of the Company until
March 13,
2027
, at a price of
$ 0.14
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. Mr. Fitzgibbon will not be receiving any cash compensation.
About 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 to Produce 3Mtpy of High Purity Apatite Concentrate at the Lac a
Paul Project, Québec,
Canada
" released on
November 13, 2013
). The Company has 202,890,210
shares outstanding.
Qualified
Person
Raphael Gaudreault
, ing., Qualified Person by NI 43-101, has approved the technical disclosure in
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, information relating to the advancement of a downstream phosphoric acid
project, the acceleration of the discussions with other parties in connection with the 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 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/March2025/13/c1535.html
%SEDAR: 00003556E
For further information:
Contact Information: Technical: Raphael Gaudreault, COO, Tel. : 418-
590-1318, [email protected]; Info: Brian Ostroff, President, Tel. : 418 549-7316,
[email protected]; Medias: Sandra Ataman, Tel. : 819-859-0280, [email protected]
CO: Arianne Phosphate Inc.
CNW 07:00e 13-MAR-25