Arianne Phosphate partners with the province of New Brunswick for further review of a phosphoric acid plant -Arianne to proceed to a prefeasibility study; receives support and a financial contribution DAN: TSX-V ( Canada
Arianne Phosphate partners with the province
of New Brunswick for further review of a
phosphoric acid plant
-Arianne to proceed to a prefeasibility study; receives support and a financial contribution
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTC (
USA
)
SAGUENAY, QC,
Aug. 9, 2018
/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,
today is pleased to announce that it has partnered with the Province of
New Brunswick
to further its
review of constructing a phosphoric acid plant in
Belledune
, New Brunswick. As part of this
agreement, the Government, through Opportunities New Brunswick ("ONB"), will provide a financial
contribution toward the cost of a prefeasibility study, the next step in Arianne's assessment of its
downstream opportunity.
"Over the last year, Arianne has been reviewing the possibility of vertically integrating its own
phosphate rock production into a facility to produce phosphoric acid," said
Brian Ostroff
, CEO of
Arianne Phosphate. "Our work to date has been positive and, especially with the industry now
recovering from a five-year slump, it makes sense to move the idea to the next step, a prefeasibility
study. We are in an enviable position. By having our own phosphate rock, we have the flexibility of
either being a seller of our rock to those who need it or, going downstream and capturing that
additional margin ourselves."
After the review of several locations Arianne believes that
Belledune, New Brunswick
would be a
strong location to construct a plant. Most of the crucial infrastructure is already in place, namely a
port that has the additional capacity to handle our operation, access to a skilled labour force, easy-
access to some of the other necessary ingredients beyond Arianne's phosphate rock and, a strong
willingness of would-be stakeholders to see this project advance.
"We want to thank all involved up to this point," said
Jean-Sebastien David
, Arianne Phosphate's
COO. "The support from the Government of
New Brunswick
and Opportunities New Brunswick has
been tremendous and has definitely helped steer us in the direction of Belledune. We appreciate
their commitment to helping us fully review the possibility and, their contribution towards the
prefeasibility study, which will be a deciding factor in our ultimate decision to proceed."
Arianne has already been working with the various groups that will be involved in the study, many of
them local to
New Brunswick
. Once finalized, the prefeasibility study is expected to take roughly five
months and will give the Company and the Province a good look at the opportunity. The results of
the study will help isolate next steps.
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
103,570,610 million 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 with multimedia:
http://www.newswire.ca/en/releases/archive/August2018/09/c1677.html
%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 09-AUG-18