Arianne Phosphate — The Largest, Purest, And Safest Phosphate Mining Company? CEO Speaks At Investment Conference On The Growing Demand For Phosphate
Chicoutimi, QC
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March 17, 2023 09:15 AM Eastern Daylight Time
By Faith Ashmore, Benzinga
Brian Ostroff, President and CEO of Arianne Phosphate Inc. (OTCMKTS: DRRSF), recently spoke at Lytham Partners Investor Select Conference about the growing importance of high-quality phosphate for various industries and the strengths of his company to help meet that demand.
Ostroff explained that the demand for phosphate has skyrocketed recently. Historically, phosphate has always been a key component in fertilizers but recently, phosphate has become an important raw material for lithium-iron phosphate batteries (LFPs). LFP batteries are becoming prominent in EVs (electric vehicles) as well as energy storage systems.
By the end of the decade, LFPs are projected to be the leading battery chemistry for EVs, replacing their cobalt and nickel-based lithium-ion predecessor. Companies like Tesla, Ford, Rivian and Volkswagen have already decided to make the switch to LFP batteries for all of their standard-range vehicles in North America. LFPs are all-in-all cheaper, safer and last longer than nickel or cobalt-based batteries. And because of this, phosphate is an increasingly high-demand commodity.
With this growing demand comes a need for suppliers, specifically suppliers that meet industry standards and are regionally located. Ostroff explains that many industry leaders have analyzed recent inflation trends and chalked rising prices up to supply chain issues. Logistic concerns and the inability to maintain steady supplies of raw materials have hurt certain industries and the overall economy. Now more than ever, there is a desire for industries to have supplies close to home to ensure successful manufacturing.
Not only are North American companies looking for regional suppliers, but they are also demanding higher-quality phosphate to create the best products available. Arianne Phosphate seems to check all of the boxes.
What Sets Arianne Phosphate Apart From Competitors?
Arianne Phosphate Inc. is a promising phosphate mining company located in Quebec, Canada. The company’s Lac à Paul project is a response to the growing global demand for phosphate, which is increasing by 2% to 3% each year in terms of agricultural demand and will be considerably higher when LFP batteries are taken into account. The Lac à Paul project is a fully permitted, shovel-ready project.
Arianne’s is a world-class mining site and is the single largest greenfield deposit of phosphate. One major edge Arianne has is the deposit is igneous which allows it to produce a concentrate higher than 90% of the world’s phosphate, which is housed in sedimentary rock. This allows Arianne to produce a high-purity and low-contaminant phosphate concentrate ideal for use in batteries and fertilizer.
But beyond quality phosphate, Arianne also boasts strong community support and adheres to stricter environmental, social and corporate standards. For North American companies that want their suppliers to align with their agendas, Arianne is a perfect partner.
Hydroelectricity — a clean, green, renewable energy source — will provide 75% of all energy required for the Lac à Paul project. Arianne also has followed a greenhouse gas emissions accounting program since 2010 to help reduce its ecological footprint. The company is committed to being as carbon-neutral as possible.
Arianne has also worked with native communities to foster a prosperous relationship. On June 12, 2015, the company signed a cooperation agreement with three First Nations — indigenous Canadian peoples — for the exploration and preconstruction phase of the Lac à
Paul project, with ongoing negotiations to conclude its impact and benefits agreement. The company says it is determined to adhere to best practices and maintain its strong social license among the population to operate. The Quebec government also owns 6% of the project.
Ostroff also shared that the company has added some highly qualified industry leaders to their company. One notable example is Marco Gagnon, who has joined the Board of Directors and brings his geological experience to Arianne. The company is continuously working hard to bring the most qualified people on board to ensure that Arianne can continue to be the largest, purest, and safest phosphate mining company in the industry.
This article was originally published on Benzinga.
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 world’s largest greenfield deposits, capable of producing an environmentally friendly phosphate concentrate. Due to the nature of its high-purity, low-contaminant product, Arianne’s 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.
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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’s (“Arianne Phosphate” or the “Company”) expectations are disclosed under the heading "Risk Factors" and elsewhere in Arianne Phosphate Inc’s documents filed from time-to-time with the TSX Venture and other regulatory authorities.
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Brian Ostroff, President
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