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%
P2O5 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.