DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, April 3, 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 phosphate rock project in Quebec's Saguenay-Lac-Saint-Jean region, is
pleased to announce that it has received a grant of $ 1.5 million from the Ministry of Energy and
Natural Resources of Quebec. This
funding has been provided as part of the Government's plan to help
advance the Quebec phosphate
(apatite) sector. Arianne will be using this funding in support of
its previously announced (see Press Release dated November 8, 2017) program to produce additional
high-purity phosphate concentrate to fulfil demand from potential
customers and, to conduct further pilot-scale tests.
![Arianne Phosphate Inc. (CNW Group/Arianne Phosphate Inc.) Arianne Phosphate Inc. (CNW Group/Arianne Phosphate Inc.)](https://mma.prnewswire.com/media/661483/Arianne_Phosphate_Inc__Arianne_Phosphate_receives_additional_fun.jpg)
"Demand continues to grow on the part of potential customers,"
said Jean-Sébastien David, Chief Operating Officer of Arianne
Phosphate. "Many of those interested have already received product
samples and are now asking for even larger volumes to carry out
large-scale tests in their own facilities. Further, legislative
changes in Europe regarding
cadmium content in phosphate entering the EU, and, supply
disruptions out of certain phosphate-producing regions have
continued to push new requests for Arianne's concentrate."
"We welcome the Government's support," added Brian Ostroff, Arianne's CEO. "Seeing
Quebec step up with very tangible
assistance for the sector, I think, shows the potential for
creating a major new industry for the Province and an effort to see
our Lac a Paul project succeed. These funds will allow us to
attract the customers we need to conclude on our project
financing."
This grant of $1.5 Million follows
on an equity investment that was made by the Province last month
(see Press Release dated March 15,
2018) for $1.4 Million and
shows the growing support to see this important project become a
reality. "The quality of the concentrate produced from the
Arianne Phosphate deposit will demonstrate to the international
market the interest of investing in the project and will encourage
the signing of firm purchase agreements for the Company," said Mr.
Pierre Moreau, Quebec's Minister of Energy and Natural
Resources and, Minister in charge of the Plan Nord. Mr.
Serge Simard, member of Quebec's National Assembly for the riding of
Dubuc added, "the [Arianne]
project to develop this resource not only contributes to
diversifying economic activity in the region, but is also
consistent with regional priorities stemming from the
Saguenay-Lac-Saint-Jean Economic Summit…."
The tests will be conducted at COREM (Research Consortium for
the Treatment and Processing of Mineral Substances) in Quebec City, where the Company conducted its
previous pilot-scale tests, and, materials will be sent to parties
that have expressed a strong interest in pursuing some form of
offtake and/or a strategic partnership with Arianne.
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%
P2O5 with little or no contaminants. 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.