Search Results for "Arianne"

Arianne Phosphate Reports 2015 Financial Results

Arianne Phosphate (TSXV:DAN) reported its financial results for the fourth quarter and full year of 2015.

As quoted in the press release:

2015 Financial and Operational Highlights

  • Completed its permitting process by receiving the approval from the Cabinet of the Government of Quebec for the Lac à Paul project which gives Arianne the permission it needs to go ahead with its development, an important step in the process. The Company will continue its ongoing discussions with potential corporate, strategic and financial partners.
  • Respected the deadlines for the port facilities project carried out by Port of Saguenay. The Environmental studies are underway for the Canadian Environmental Assessment Agency CEAA.
  • Through its cost reduction program, announced substantial savings from the original cost presented in its Feasibility Study. The anticipated cost is now of $US79 per tonne at an exchange rate of $0.95. This reduction is the result of an optimized mining plan to include additional resources it had proved up, as well as savings associated with a more streamlined metallurgical process.
  • Identified new measured and indicated resources on the Paul Eastern Extension in a new 43-101 mineral resource estimate (M+I) on the Paul zone. These results bring the Company closer to its goal of demonstrating that the mine will have a 50-year lifespan.*
  • Signed a Cooperation Agreement for the Lac à Paul Mining project with the First Nations Innu from Pessamit, Mashteuiatsh and Essipit. This agreement better positions Arianne to grow, for the betterment of all of our stakeholders including those in the Innu communities.
  • Benefited from the deferral of approximately $600,000 in interest payable to the Lender until maturity of the credit lines onDecember 31, 2015, to Mercury Financing Corp. (the “Lender”).
  • Closed an $18,750,000 expanded a non-revolving credit facility in October 2015 with the current lender and also amended the terms. The new credit facility will be used to replace its current facility of $12,500,000 (plus any accrued interest).

Click here for the full press release.

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Arianne Phosphate Appoints New Chairman and CEO

Arianne Phosphate (TSXV:DAN) has appointed Jean Lamarre as director and chairman of the company. It has also appointed Brian Ostroff as CEO.

As quoted in the press release:

Mr. Lamarre is President of Lamarre Consultants, and has 40 years of experience in international business development, finance, and corporate strategy. From 1977 through 1992, Mr. Lamarre held various positions of significant responsibility such as CFO with the Lavalin Group, one of the world’s largest engineering and construction firms providing EPC & EPCM services into numerous industries including a very significant presence in the mining industry.  Mr. Lamarre serves on numerous boards of both public and private organizations including Chairman of Semafo Inc., a mid-sized gold producer in West Africa.  During his 18-year involvement with Semafo, the Company has evolved from junior explorer to producer, having operated three mines and a current market cap of roughly $1.4 Billion.  Mr. Lamarre also serves as Chairman of two influential Quebec media companies, Télé-Québec and Le Devoir.

Mr. Ostroff has been a director of Arianne since 2014, providing leadership to the Company’s financing activities and interactions with the capital markets.  Mr. Ostroff was a Managing Director of Windermere Capital, a firm focused on investments in the natural resource sector.  Mr. Ostroff brings 30 years of capital markets experience, having previously held positions with several financial institutions including RBC Dominion Securities and Goodrich Capital across a spectrum of activities in trading, financing and mergers and acquisitions.  Mr. Ostroff has specialized in the junior and mid-tier mining sector.

Click here for the full press release.

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Arianne Phosphate Gets Go-Ahead from Quebec for $1.2 Billion Mine

It will be a happy new year for Quebec phosphate development company, Arianne Phosphate (TSXV:DAN). The company was given the green light from Quebec to build its $1.2 billion Lac à Paul phosphate rock project in Quebec’s Saguenay-Lac-Saint-Jean region. 

The decree from the Quebec government comes just shy of two months following a favorable independent report by the Bureau d’audience public sur l’environment (BAPE), in which no major objections to the development of the project were raised.

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As Arianne’s CEO Jean-Sebastien David said in a company statement,  “There could not have been a better way to end the year for Arianne and the region as a whole.”

“The Ministerial Decree represents the most significant milestone to date for the project,” David stated.

And rightly so. With this latest piece of approval, Arianne can get underway with securing the financing for the Lac à Paul project. The company believes that this undertaking will be an integral “step in the process and will assist in facilitating ongoing discussions with potential corporate, strategic and financial partner.”

In October 2013, Arianne completed its feasibility study for the Lac à Paul phosphate project, which outlined an open pit mine, and concentrator producing high quality apatite concentrate. Furthermore, the company would be using its proximity to the deep-water port on the Saguenay River to its advantage for transporting its product year-round.

The company hopes to break ground on mine construction in 2016. Lac à Paul has an anticipated mine life of 25.75 years, with an average annual production rate of 3 million tonnes of phosphate concentrate at a 38.6% P2O5 and an average recovery rate of 90 percent.

Meanwhile, according to the Montreal Gazette, not everyone is happy with the government’s approval. The publication highlights that La Fondation Rivières put forth a request with the cabinet to put off the decision until it had guarantees from Arianne of “compensation in the event of damage to the environment or third parties.”

On the back of the news, Arianne has seen a 3 percent increase in its share price. The company is currently trading at $0.98.

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Securities Disclosure: I, Vivien Diniz, hold no investment interest in any of the companies mentioned. 


Arianne Phosphate Receives Favorable BAPE Report for Lac à Paul Project

Arianne Phosphate (TSXV:DAN) announced that is has received a favorable report from the the Bureau d’audiences publiques sur l’environnement (BAPE) on the company’s Lac à Paul project in Quebec.

As quoted in the press release:

The BAPE review is the last in a process that a company must undergo in order to receive its final permitting.  With this report now concluded and its positive assessment in hand, Arianne is confident that it has met all of the conditions required to obtain its final decree, and is encouraged that the Quebec government will issue the decree in a timely fashion.

Jean-Sebastien David, COO of Arianne Phosphate, commented:

As not only the COO of Arianne, but as a member of this community, I am very pleased with the conclusions reached by the BAPE. I think the Commissioners got it right as they concluded that this project definitely has the overwhelming support from the area and, the development of Lac à Paul, will be a major contributing factor towards the improvement of our region and the lives of those in the Saguenay Lac St. Jean area.  The BAPE’s consideration for the future was clear as it highlighted many of the long-term benefits associated with this project.  Elements such as multigenerational job creation, opportunities for the youth of our region and spin-off benefits from this project to other industries, such as tourism, as a result of the infrastructure that will be created were all cited by the commission as significant benefits.

Click here to read the full Arianne Phosphate (TSXV:DAN) press release.

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Arianne Phosphate Reports 2015 Second Quarter Financial Results

Arianne Phosphate (TSXV:DAN) announced its financial results for the three and six month period ended June 30. The company also provided outlook for the remainder of 2015.

As quoted in the press release:

Arianne is a development-stage company and, as such, did not generate revenue or positive cash flow in Q2 2015. In the second quarter ended June 30, 2015, the Company incurred a net loss of $2,029,395 for the six-month period ended June 30, 2015. This compares favourably to a net loss of $3,045,451 in the comparable period of 2014.  The year-over-year decline in net loss was due to a series of measures that the Company undertook in order to reduce its expenses, as well as to focus primarily on permitting activities and financing alternatives, which require less working capital. The Company’s net loss and cash burn are consistent with other development stage mining companies.

Highlights:

  • Continued its efforts to secure permitting for its Lac à Paul project.  The Company worked closely with the Ministère du Développement durable, Environnement et Lutte contre les changements climatiques (MDDELCC), Bureau d’Audiences Publiques sur l’Environnment (BAPE) and local stakeholders, providing information, hosting public hearings and responding to inquiries about Lac à Paul’s economics and project viability.  Arianne anticipates receiving an operating permit in the last quarter of 2015.
  • Signed a cooperation agreement with Innu First Nations from Pessamit, Essipit and Mashteuiatsh in support of Lac à Paul’s development.  Arianne and the three Innu First Nations are currently collaborating on the specifics to be included in the Impact and Benefit Agreements.
  • Reduced expected production costs (OPEX) for its premium quality phosphate concentrate by US$8 per ton to approximatelyUS$79 per ton freight on board (FOB) Port of Saguenay.
  • Appointed James Cowley as interim Chief Financial Officer for the Company.  Mr. Cowley, a metallurgical engineer with an MBA in Finance, is a director of the Company and a member of its audit Committee.  Mr. Cowley had previously served as President of Arianne from August of 2011 until August of 2014.
  • Shareholders re-elected Messrs. Pierre Fitzgibbon, Dominique Bouchard, James Cowley, David DeBiasio, Marco Gagnon, Brian Ostroff, Siva Pillay, and Steven Pinney as Directors of the Company’s Board.

Jean-Sébastien David, COO of Arianne Phosphate, commented:

The second quarter was yet again another exciting and productive quarter for Arianne. Although many segments of the resource sector were adversely affected by sharply lower commodity prices, the fertilizer sector provided some relative stability and Arianne was able to make significant progress towards its key milestones. Arianne continued to work closely with government officials and agencies, as well as local stakeholders, to complete the formal public hearing process aimed at securing permitting for Lac à Paul. Our work with local stakeholders also led to the signing of a collaboration agreement with the three Innu First Nations. Operationally, our ongoing efforts to reduce our project’s expected operating costs, led to an additional 10% savings, or an anticipated cost of US$79 per ton. Combined, these initiatives demonstrate both our commitment to advancing development of Lac à Paul, as well as to the overwhelming support we have received for the Project’s build-out.  With permitting for our project expected relatively soon, we are very well positioned to capitalize on the growing demand for a secure and stable phosphate supply.

Click here to read the full Arianne Phosphate (TSXV:DAN) press release.

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Arianne Phosphate Reports New Reduction in Production Cost of its Phosphate Concentrate

Arianne Phosphate (TSXV:DAN) announced that it has reduced the production cost of its high-purity phosphate concentrate by an additional $8 per tonne, reducing the company’s operating expense.

As quoted in the press release:

According to the Company’s Feasibility Study (“FS”) filed in October 2013, Arianne initially projected an FOB Port of Saguenay cost of US$93.70 per ton for its premium quality 39% P2O5 concentrate.  Following the release of the Feasibility Study, the Company has launched numerous initiatives to improve the project economics with much of that effort targeted at reducing its operating costs.  To date, the Company has announced an optimized mining plan to include additional resources it had proved up, as well as savings associated with a more streamlined metallurgical process.  This subsequent reduction is a continuation of the Company’s efforts to move the Lac à Paul project even lower on the cost curve.

Jean-Sebastien David, COO of Arianne, commented:

Our latest success in reducing our anticipated production costs is very encouraging and, when looked at through its entire process, represents a considerable savings over the projected life of mine. From the day we released our Feasibility Study, we have set out to advance development of Lac à Paul.  In less than two years, we have expanded our resource, simplified our process to make a high-purity phosphate concentrate, concluded a power deal with Hydro-Québec and received an investment from the Government of Quebec.  Once the project proceeds to production, our most recent studies support a production cost of approximately $80 per tonne of concentrate.

Click here to read the full Arianne Phosphate (TSXV:DAN) press release.


Arianne Phosphate Signs Cooperation Agreement with the Three Innu First Nations

Arianne Phosphate (TSXV:DAN) announced that it has signed a cooperative agreement with the First Nations Innu from Pessamit, Essipit and Mashteuiatsh for its Lac à Paul project in Quebec.

As quoted in the press release:

With the signature of the Collaboration Agreement complete, the parties are looking in the following months to finalize the specifics to be included in the Impact and Benefit Agreements (IBAs).

Going forward, Arianne will continue to advance its Lac a Paul project.  The Company continues to look at initiatives to optimize its mining plan and further reduce costs associated with the production of its high purity phosphate concentrate.  The Company also is continuing its dialogue with the BAPE and the Government in order to receive its Ministerial Decree to build and operate its Lac a Paul Mine.

Pierre Fitzgibbon, chairman of Arianne Phosphate, commented:

We appreciate the interest expressed by the First Nations towards our phosphate project and the willingness to see Lac à Paul progress.  This agreement better positions Arianne to grow, for the betterment of all of our stakeholders including those in the Innu communities.

Click here to read the full Arianne Phosphate (TSXV:DAN) press release.

 


Arianne Phosphate Releases Q1 2015 Financial Results

Arianne Phosphate Inc. (TSXV:DAN) announced its financial results for the first quarter of 2015. It’s a development-stage company and thus did not generate revenue or positive cashflow; instead, it incurred a net loss of $891,200. That’s down from $1,405,963 during the year-ago period.

Other financial and operational highlights include:

  • The Company announced a reduction of its operational estimated production cost of US$4.26 per ton representing a cost savings of almost 5% from the original Feasibility Study (FS). This should result in annual savings of approximatelyUS$12.75 million, or close to US$330 million over the planned 26-year mine life. According to Arianne’s FS filed in October 2013, the Company initially projected an FOB Port of Saguenay cost of US$93.70 per ton for its premium quality 39% P2O5 concentrate.
  • Through exploration activities completed in 2014, Arianne has identified new measured and indicated resources on the Paul Eastern Extension. Arianne’s updated resource estimate now shows a 5% increase in measured and indicated resources (702.7 million tonnes vs. 668.7 million tonnes) over its previously announced resources released on October 14, 2014.
  • The Company announced that it has successfully completed a customer trial program that produced a phosphate concentrate with a superior grade and lower contaminants than previously ever achieved by the company. The customer trial produced 1.2 tonnes of phosphate concentrate with a grade of 40.0% of P205 and 0.03% of contaminants. The results surpass previous metallurgical test work that had produced a P205 concentrate of 38.8% with 0.089% of contaminants.
  • The first public information meeting regarding the BAPE was held on February 18, 2015 in the city of Saguenay. This is an essential and vital process in order for the Company to secure its operating permit. The Bureau is a neutral and independent organization that reports to the Ministère du Développement durable, Environnement et Lutte contre les changements climatiques (MDDELCC or Minister), Government of Québec. The role of the BAPE is to make enquiries and to consult the public in order to provide informed input that will assist in government decision making with a sustainable development perspective.

Click here to read the full Arianne Phosphate Inc. (TSXV:DAN) press release.

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 95,325,755 million shares outstanding


Arianne Phosphate Provides Update on Permitting Process for Lac-à-Paul Project, Public Hearing Scheduled

Arianne Phosphate (TSXV:DAN) announced that the public hearings, which are the second phase of the permitting process, on the company’s Lac-à-Paul phosphate project are scheduled to begin on April 27 in Saguenay, Quebec.

As quoted in the press release:

In a letter addressed to Mr. David, Quebec’s Minister of Sustainable Development, Environment and the Fight Against Climate Change, David Heurtel, indicated that the public hearing process will consist of two parts.  In the first part, individuals and interested groups will be able to ask questions about the project and information filed by the Company.  In the second, the BAPE commission will hear opinions and suggestions from individuals and groups in the form of an oral presentation or a brief. At the end of the public hearing the BAPE will submit its report which will contain its findings as well as the analysis to the Minister.

Jean-Sebastien David, COO of Arianne Phosphate, commented:

We have been anticipating the public hearing process for some time and are extremely pleased to be able to proceed on this very significant milestone. We have significantly advanced the project since we filed the impact study in October 2013.  Our project has extremely robust economics and will produce one of the highest quality, low contaminant phosphate concentrates in the world.   Successful completion of the permitting process is a key priority for us in 2015.  We very much look forward to presenting our project to the BAPE, a project which we believe is poised to become a major producer of phosphate concentrate.

Click here to read the full Arianne Phosphate (TSXV:DAN) press release.


Arianne Phosphate Reports 2014 Annual and Fourth Quarter Results

Arianne Phosphate (TSXV:DAN) announced its fourth quarter and year end financial and operational results for 2014. The company also provided an outlook on its plans for 2015.

Financial and operational highlights for 2014:

  • Optimized its operating production process that will result in costs savings of US$3.91 per tonne of phos-rock concentrate or approximately US$280 million over Lac à Paul’s expected 26-year life of mine due to the elimination of two reagents;
  • Strengthened its leadership team through the appointment of Pierre Fitzgibbon, as Executive Chairman of the Board of Directors, Dominique Bouchard asVice-Chairman of the Board of Directors, Jean-Sebastien David as Chief Operating Officer and Dino Fuoco as Chief Financial Officer;
  • Announced the closing of an $8 million private placement financing that included a $2 million investment from the Québec Government through Ressources Québec, a subsidiary of Investissement-Québec;
  •  Increased its resources at the measured and indicated categories by 13 percent to 688 million tonnes at a grade of 7.01 percent at the Paul Zone of the Lac à Paul project; and
  • Determined the location of the deep-water port on the Saguenay River that will be used for the shipment of its phosphate concentrate to clients.

Outlook for 2015:

In 2015, Arianne will be focused on the ongoing advancement of its Lac à Paul Project. Expected milestones in 2015 include:

  •  Additional optimization of operating and capital expenses;
  •  Signing “agreements in principle” with First Nations to proceed with development of the Lac à Paul Project;
  •  Securing environmental  permitting from appropriate government agencies; and
  •  Securing strategic partners and financing

Jean-Sebastien David, CEO of Arianne Phosphate, commented:

Arianne has developed considerable momentum over the past 12 months. Most significantly, we strengthened the economics of our Lac à Paul project,  attracted the Quebec government as a strategic investor and  started the permitting process that, upon successful completion, will serve as a major catalyst for our company.  Combined, these developments further underscore the value of Lac à Paul and its potential to provide customers in the food and agriculture sectors with surety of supply.

Click here to read the full Arianne Phosphate (TSXV:DAN) press release.


Arianne Produces Superior Phosphate Concentrate During Trial

Arianne Phosphate Inc. (TSXV:DAN) announced that the phosphate concentrate it produced during a recent customer trial program has “a superior grade and lower contaminants” compared to the product it has previously produced.

As quoted in the press release:

Conducted by Corem, an engineering firm specializing in providing a wide range of mineral processing and analytical services to mining companies, the customer trial produced 1.2 tonnes of phosphate concentrate with a grade of 40.0% of P205 and 0.03% of contaminants. These tests were completed by adding an additional step beyond Arianne’s already optimized metallurgical process. The results surpass previous metallurgical test work that had produced a P205 concentrate of 38.8% with 0.089% of contaminants.

Jean-Sebastien David, COO of Arianne, commented:

The results of the customer trial are extremely encouraging and underscore the progress that we continue to make at our Lac à Paul project. Of particular note, the customer trial produced a concentrate with a further reduced presence of aluminum, iron and magnesium in addition to the nearly non-existent levels of some extremely deleterious elements such as uranium and cadmium. We expect that these excellent results will allow us to produce a phosphate concentrate that exceeds the standards needed for commercial applications of our product. Just as important, our latest results confirm our belief that our concentrate will be priced at a premium.

Click here to read the full Arianne Phosphate Inc. (TSXV:DAN) press release.


Arianne Updates Mineral Resource Estimate for Paul Zone

Arianne Updates Mineral Resource Estimate for Paul Zone

Arianne Phosphate (TSXV:DAN,OTCBB:DRRSF) has been working to advance its Lac a Paul project in the Saguenay-Lac-St-Jean region of Quebec since global demand for fertilizer increased in 2008. 

Most recently, the company released an updated NI 43-101 mineral resource estimate for the Paul Zone at its Lac a Paul project. It comes to 702.7 million tonnes at 7.16 percent P2O5 with a 4 percent P2O5 cut-off grade in the measured and indicated category.

The Paul Zone is made up of the Paul Eastern Extension and the Paul Western Extension. The former has a measured and indicated resource of 12.5 million tonnes at 6.31 percent P2O5 with a 4 percent P2O5cut-off grade, while the latter’s sits at 690.2 million tonnes at 7.18 percent P2O5 with a 4 percent P2O5 cut-off grade.

Image courtesy of Arianne Phosphate.

The report, released on Wednesday, also states that recent drilling indicates that the Mini-Paul Zone and the Naja Zone “show strong potential for phosphate occurrence.” Mini-Paul is located less than 300 meters south of the Paul Zone and is connected to a magnetic anomaly that is about 700 meters long and 60 meters wide. For its part, Naja is located southeast of the Paul Zone.

Future focus and goals

No word yet on what specifically the company’s next steps will be, but Jean-Sebastien David, COO of Arianne, does state in the release that the expansion of the Paul Zone shows that the company is making progress towards one of its goals, which is to “show a 50 year life of mine.” He also notes, ”[r]esults of our work clearly demonstrate the potential to extend the life of our project beyond our most optimistic estimates.”

Arianne’s share price closed Wednesday flat at $0.80.

 

Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article. 


Arianne Phosphate Releases New Resource Estimate for Paul Zone

Arianne Phosphate (TSXV:DAN) has released an updated resource estimate for the Paul zone at its Lac à Paul phosphate project in Quebec. The new estimate totals 702.7 million tonnes at 7.16 percent P2O5 with a 4.0 percent P2O5 cut-off grade for measured and indicated resources.

As quoted in the press release:

Through further exploration activities completed last fall, Arianne has identified new measured and indicated resources on Paul Eastern Extension of 12.5 million tonnes at 6.31% P2O5 with a 4.0% P2O5 cut-off grade. (1) Additionally, an updated resource estimate from the remodeling on Paul Zone and its Western Extension now amount to 690.2 million tonnes at 7.18% P2O5 with a 4.0% P2O5 cut-off grade in the measured & indicated category. In total, Arianne’s updated resource estimate now shows a 5% increase in measured and indicated resources (702.7 Mt vs 668.7 Mt) over its previously announced resources released on October 14th of 2014.

Arianne COO, Jean-Sebastien David, said:

The work that we have done, and results that we have received, continue to expand what is already one of the world’s largest Greenfield phosphate rock projects. One of the goals we had looked to accomplish for the Company was the ability to show a 50 year life of mine and, as drilling has expanded the Paul Zone to the west and now to the east, we certainly continue to advance towards that goal.

Click here to read the Arianne Phosphate (TSXV:DAN) press release


Arianne Phosphate Identifies Significant Cost Savings at Lac à Paul

Arianne Phosphate Inc. (TSXV:DAN) announced that it has identified cost savings of US$4.26 per ton for phosphate concentrate production at its Lac à Paul project in Quebec.

As quoted in the press release:

According to Arianne’s Feasibility Study (‘FS’) filed in October 2013, the Company initially projected an FOB Port of Saguenay cost of US$93.60 per ton for its premium quality 39% P2O5 concentrate. The reduction of US$4.26 per ton represents a cost savings of almost 5% and, according to the Company’s FS, should result in annual savings of roughly US$12.75 million, or close to US$330 million over the planned 26 year life of mine.

Jean-Sébastien David, COO of Arianne Phosphate, stated:

This significant reduction in our mining costs strengthens the economics of our project and moves us even lower on the cost-curve, improving our competitive advantage. Lac-à-Paul is the world’s largest greenfield phosphate rock project and will produce one of the highest purity concentrates commercially available. These cost improvements will save hundreds of millions of dollars over the life of mine, and make our project even more attractive.

Click here for the full Arianne Phosphate (TSXV:DAN) press release


Arianne Phosphate to Start Permitting Phase for Lac a Paul

Arianne Phosphate Inc. (TSXV:DAN) announced that on February 18, 2015 it will begin the public information and consultation process required for it to receive environmental permitting for its Lac a Paul project.

As quoted in the press release:

Development of Arianne’s Lac-à-Paul project is expected to generate a $1.2 billion investment, create more than 2,200 direct and in-direct jobs during the construction phase and create approximately 1,000 jobs during a 25 year life of mine operation for the Saguenay region.  The project will pioneer a new industry in the province while generating roughly $1 billion in employment income as well as more than $12.6 billion in overall economic benefit for the province of Quebec.

Jean-Sebastien David, COO at Arianne, commented:

Securing permitting for our Lac-à-Paul phosphate project represents another major milestone for our Company. We very much look forward to the start of the public consultation process and showing the reasons why Lac-à-Paul is a world-class project that will provide significant economic benefits to the Saguenay region with little environmental impact.

Click here to read the full Arianne Phosphate Inc. (TSXV:DAN) press release.


Arianne Phosphate Releases Third Quarter Results, Sees Addition of Inferred Resources

Arianne Phosphate (TSXV:DAN,OTCBB:DRRSF) released its third quarter results on Thursday, highlighting the addition of 146 million tons of inferred resource at 5.3 percent potash in the TraMan Zone and 17 million tons at 5.98 percent potash in the Traverse Zone. The company closed a tranche of an $8 million private placement but also announced a loss of $1.26 million as it is still a development stage company.

According to the press release, third quarter highlights include:

Announced drilling results from TraMan and Traverse Zones:

  • Addition of 146Mt of inferred resource at 5.30% P2O5 at the TraMan Zone
  • Addition of 17Mt at 5.98% P2O5 at the Traverse Zone

Announced the closing of the first tranche of an $8 million private placement; the second tranche having been completed in October, led by an investment from the Quebec government, representing 25% of the total

Strategic changes to the management :

  • Mr. Pierre Fitzgibbon, is the Executive Chairman of the Board of Arianne
  • Mr. Dominique Bouchard, is the Vice-Chairman of the Board of Arianne
  • Mr. Jean-Sébastien David is COO of the Company
  • Mr. Dino Fuoco is the Chief Financial Officer

Jean-Sébastien David, COO of the Company, said:

We are pleased with Arianne’s progress during the third quarter. The Company continues to move towards its stated milestones of permitting, an agreement with the First Nations, project optimization and discussions with interested parties on a strategic relationship. Arianne had a busy quarter as progress was made on many of these fronts and we look forward to continued success in the coming quarter.

Click here to read the Arianne Phosphate (TSXV:DAN,OTCBB:DRRSF) press release
Click here to see the Arianne Phosphate (TSXV:DAN,OTCBB:DRRSF) profile.


Arianne Phosphate Announces Daniel Gaudreault as Chairman of Monitoring Committee

 Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) announced that Daniel Gaudreault had been nominated to become the chairman of the company’s monitoring committee. Gaudreault is well known in the regional community which the company believes will help them establish a good relationship.

According to the press release:

Recently retired, Mr. Gaudreault led a career within the municipality of Saint-Fulgence also within the town of Jonquière and Saguenay during which he notably served as General Director of these municipalities. Throughout his career, he has also been a Board member of several organizations.

Jean-Sebastien David, the chief operating officer, said:

We are delighted with Mr. Gaudreault’s nomination. I’m convinced that his experience will help the growth and development of the project while taking into account the community’s concerns.

Click here to read the Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) press release
Click here to see the Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) profile.


Arianne Phosphate Closes Second Tranche of $8M Financing

Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) closed the second tranche of its previously announced $8M private placement financing for gross proceeds of $2,369,000.

As quoted in the press release:

As previously announced by the Company, the Quebec government is participating, investing $2,000,000 through Ressources Québec, a subsidiary of Investissement Québec (see our press release dated September 15, 2014 for more details). On July 31, 2014, the Company closed a first tranche of the Offering for gross proceeds of $5,631,000(see our press release dated July 31, 2014 for more details).

Click here to read the Arianne Phosphate (TSXV:DAN) press release
Click here to see the Arianne Phosphate (TSXV:DAN) profile.


Arianne Phosphate: 13% Increase in Measured and Indicated Resources on the Paul Zone

Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) announced an updated resource estimate on its Paul Zone: 668 million tonnes at 7.01% P2O5 with a 4.0% P2O5 cut-off grade in the measured & indicated category; and a new inferred resource of 38 million tonnes at 6.13% P2O5 at 4.0% P2O5 cut-off grade.

As quoted in the press release:

The Paul Zone is the main zone of the Phosphate Lac à Paul Project. According to the Company’s Feasibility Study (released October 24, 2013), the Paul deposit alone currently has proven and probable reserves of 472 million tonnes of ore at 6.90% P2O5 (cut-off grade of 3.5% P2O5) and is projected to have a mine life of roughly 26 years. The mineral resource estimate (released March 7, 2013) which was used to establish these reserves reported 590 Mt of measured and indicated resources at 7.13% P2O5 with a cut-off grade of 4% P2O5.

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Quebec’s Plan Nord Helps Arianne Phosphate

The Financial Post reports that the province of Quebec is taking a $50-million interest in a new subsidiary of Gaz Metro that markets liquefied natural gas. This investment underlines the conviction with which the Liberal government of Premier Philippe Couillard has restarted the Plan Nord, an economic development strategy focused on natural resource extraction north of the 49th parallel. Premier Couillard hopes to woo investors by building transportation and energy infrastructure in the territory. The province is also setting aside $1-billion in a special fund for interests in natural resource companies operating on its territory, and invested $2-million in Arianne Phosphate (TSXV:DAN,FWB,JE9N,OTCBB:DRRSF).

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