News ReleaseDecoding Canada’s Critical Minerals Strategy: Insights From The Canadian Critical Minerals Opportunities Forum With Attendees Like Arianne Phosphate (OTCMKTS: DRRSF) President Brian Ostroff
Arianne Phosphate
By Meg Flippin, Benzinga From shoring up the food supply to creating a greener future, Canada is pouring billions of dollars into increasing the supply of critical minerals to necessitate those goals and expand its economy. Under the Canadian government’s Critical Minerals Strategy, which it launched in 2022, $4 billion is being budgeted to increase the supply of responsibly sourced critical minerals needed for everything from electric vehicles to energy storage to food. At the same time, the country is courting investors and businesses that may want to tap its mineral-rich resources. EVs A Big Market Take the electric vehicle market for one example. Canada is the only country in the Western Hemisphere that has all the minerals needed to produce batteries for electric vehicles. That puts it in an enviable position given the world is moving rapidly toward EVs. The global EV market is projected to reach $693 billion by 2030, growing at a CAGR of 17.3% from now until then. Canada is also rich in phosphate and potash, two macronutrients that play roles in the growth, health and output of crops. Some leaders within the Canadian government want those two minerals added to the critical minerals list. Outside of Canada, much of the phosphate rock is found in the Middle East and North Africa or MENA region, which is facing political unrest and economic instability. That makes getting it from outside sources costly and unreliable. It is also another selling feature Canada is trying to capitalize on. Selling Canada Critical Mineral Producers All of those insights were on display at a recent Canadian Critical Minerals Opportunities Forum, which brought together the miners and producers of these critical minerals and investors, lawmakers and businesses working toward a greener tomorrow, including Arianne Phosphate Inc. (OTCMKTS: DRRSF). The mining company out of Quebec, Canada operates the Lac à Paul project in Quebec, the world’s largest greenfield phosphate rock project. It consists of several mineralized zones that will produce high-quality phosphate rock with little or no contaminants. Arianne’s deposit is igneous and thus, geologically rare. The company reports that this allows it to produce a much purer phosphate concentrate compared to those that produce phosphate from sedimentary deposits. It is worth noting that igneous deposits produce under 10% of all phosphate, making them highly prized. Arianne’s mine, which it reports adhere to strict environmental, social and corporate standards, also contain few or no contaminants. It also helps that the mine is located in a mining and investment-friendly jurisdiction with a well-developed infrastructure that includes clean energy, heavy haul roads, easy access to ports and skilled labor. The company hopes to become a major supplier to the West and to counterbalance the dominance of China. Supply Is Dwindling Arianne Phosphate reports that its Lac à Paul project is also the only independent large-scale development project coming on stream in the next few years and should become a big supplier as a result. It’s not just for fertilizer – there are several markets Arianne’s mine can serve including consumer products, food preservatives, animal feeds, cosmetics, detergents, industrial processes, semiconductors and LFPs. “At the Conference, I was able to attend some interesting panels, gaining insight from other industry leaders. I was also able to present Arianne Phosphate and its best of class Lac à Paul phosphate deposit in Quebec, Canada,” says Brian Ostroff, President of Arianne Phosphate about the investment forum. “It is exciting to see the growing understanding and interest in phosphate as a critical mineral required for next-generation batteries and energy transition. Arianne is well-positioned to serve this growing market in the years to come.” ARIANNE PHOSPHATE INC. ( www.arianne-inc.com ) owns the Lac à Paul phosphate deposit in Quebec, Canada. Fully permitted and shovel ready, the asset is among the worldâs largest greenfield deposits, capable of producing an environmentally friendly phosphate concentrate. Due to the nature of its high-purity, low-contaminant product, Arianneâs phosphate can be used to produce fertilizer as well as meeting the technical requirements of specialty applications such as the lithium-iron-phosphate (LFP) battery. The Lac à Paul deposit is rare due to its geographic location and geological structure. Arianne Phosphate is listed on both the TSX-V: DAN and the OTCQX: DRRSF. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. This information contains forward looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralisation and reserves, exploration results and future plans and objectives of Arianne Phosphate Inc, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Arianne Phosphate Inc (Arianne Phosphate or the Company) expectations are disclosed under the heading "Risk Factors" and elsewhere in Arianne Phosphate Inc documents filed from time-to-time with the TSX Venture and other regulatory authorities. Contact Details Brian Ostroff, President brian.ostroff@arianne-inc.com Company Website https://www.arianne-inc.com
February 01, 2024 08:30 AM Eastern Standard Time
