ARIANNE RECEIVES FULL REPORT CONFIRMING THE ABILITY TO USE ITS CONCENTRATE IN ADVANCED BATTERY APPLICATIONS -physical samples of the purified phosphoric acid have also been received DAN: TSX-V ( Canada ) JE9N: FSE ( Germany
ARIANNE RECEIVES FULL REPORT
CONFIRMING THE ABILITY TO USE ITS
CONCENTRATE IN ADVANCED BATTERY
APPLICATIONS
-physical samples of the purified phosphoric acid have also been received
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTCQX (
USA
)
SAGUENAY, QC
,
March 6, 2023
/CNW/ -
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, is pleased
to announce that it has received the detailed report on tests confirming the use of the Company's
high-purity phosphate concentrate in the production of lithium-iron-phosphate ("LFP") batteries.
These tests were performed (
see Press Release dated
June 21, 2022
) using phosphoric acid
samples produced by Prayon Technologies, a division of PRAYON S.A. ("Prayon"), a world leader in
the production of purified phosphoric acid and, a necessary ingredient in the production of LFP
batteries. The report extensively details the full process of converting Arianne's phosphate
concentrate into acid, reviewed various methods of doing so, optimized performance/recoveries and
provided full specifications. Aside from the reports, Arianne also received samples of the purified
phosphoric acid made from its phosphate concentrate and produced through the process. Both
reports and samples are currently being made available to companies interested in having access to
Arianne's phosphate concentrate or, products made from it.
Due to the inherent technical, economic and safety benefits of the LFP battery, adoption rates have
been rapidly increasing. Many leading automobile companies such as Tesla, Ford and Volkswagen
are pursuing these batteries for use in their cars and driving demand for the critical materials
required for their production. As well, use of the LFP in energy storage systems is also driving
demand and will represent a significant market. In looking at independent research, annual demand
growth for phosphate concentrate can triple by 2030 from its current annual rate of 2% and, will
drive the requirement to construct new facilities to produce the necessary phosphoric acid.
Understanding the potential of this market, Arianne has done extensive work with Prayon on the
ability to build and/or partner with those interested in constructing a new Merchant Grade Acid
production facility, as a first step. In that capacity, Arianne completed a pre-feasibility study with
Prayon (
see Press Release dated
October 30, 2019
) several years ago and, given the demand for
purified phosphoric acid, the Company continues to look at opportunities to expand further
downstream and be a producer for the LFP market.
"The industry is starting to recognize the importance of sourcing all critical minerals required in the
production of batteries, not just lithium," said
Brian Ostroff
, President of Arianne. "I believe it is just a
matter of time before we see a rush into phosphate similar to what we have seen in other critical
materials. Arianne is one of very few companies that have already gone through the process to
qualify its material for use in the LFP; a process that takes considerable time and money. Further,
the Company's Lac à Paul project is fully permitted, shovel-ready and, in a jurisdiction that stands to
benefit greatly from various government initiatives to secure critical materials from a safe, secure
region. The world will certainly require more phosphate, Arianne is first-up to be able to provide for
this growth."
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
190,270,681 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 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/March2023/06/c1044.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 07:00e 06-MAR-23