ARIANNE PHOSPHATE TO BEGIN TRADING ON THE OTCQX MARKET DAN: TSX-V ( Canada ) JE9N: FSE ( Germany ) DRRSF: OTCQX ( USA ) -move will provide for greater visibility and access to the Company's shares
ARIANNE PHOSPHATE TO BEGIN TRADING
ON THE OTCQX MARKET
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTCQX (
USA
)
-move will provide for greater visibility and access to the Company's shares
SAGUENAY, QC
,
Sept. 21, 2022
/CNW/ -
Arianne Phosphate (the "Company" or "Arianne")
(TSXV: DAN) (OTCQX: 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 shares been qualified to trade on the OTCQX® Market. Arianne
Phosphate's shares will begin trading on the OTCQX on
September 22, 2022
, maintaining its current
US trading symbol "DRRSF."
Highlighted by ongoing geopolitical unrest, phosphate has become an increasingly important
commodity due to its requirement in fertilizers, and ultimately the entire food chain. Arianne
Phosphate's Lac à Paul deposit, situated in
Quebec, Canada
will provide an important source of
phosphate production from a safe jurisdiction. Further, due to the geological nature of the
Company's deposit, Arianne can produce a very high purity, low contaminant phosphate concentrate
that can also be used in the production of lithium-iron-phosphate ("LFP") batteries (
see Press Release dated
June 21, 2022
), currently projected to be a predominant battery
technology for use in both automotive and energy storage applications.
"The importance of our Lac à Paul phosphate deposit has grown significantly as recent unrest has
highlighted security of supply concerns in a number of commodities," said
Brian Ostroff
, President of
Arianne Phosphate. "The fact that our phosphate can be used to aid in food production as well as
allowing for access to a key battery material from a safe, Western jurisdiction has increased interest
in Arianne on the part of many investors. Furthering this, we have seen recent American legislation
providing for substantial financial benefits to companies sourcing battery materials from American
and Canadian origin. The graduation to the OTCQX platform will provide easier access to
investment in our Company on the part of US-based investors looking to be involved in these growing
trends."
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent
trading for their U.S. investors. For companies listed on a qualified international exchange,
streamlined market standards enable them to utilize their home market reporting to make their
information available in the U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and demonstrate compliance with applicable
securities laws.
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:
the potential impacts on the company, liquidity in its shares and
its share price generally related to a listing on the OTCQX and the impact on the company
and its prospects with the potential use of its phosphate in the emerging LFP battery
technology space,
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 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/September2022/21/c7207.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 17:00e 21-SEP-22