Search Results for "Arianne"

Arianne Phosphate Reports Financial Results for Q4 and YE 2016

Arianne Phosphate (TSXV:DAN) has reported its financial results for the three and 12 month periods ending December 31, 2016.

As quoted in the press release:

“The year 2016 was one of hard work and advancement for the Company,” commented Brian Ostroff, CEO of Arianne Phosphate.  “Our recently announced agreements with Hydro-Québec, Constructions Proco Inc., Rio Tinto and ABB Inc. have all come about as a direct result of the team’s hard work over the past year and has catapulted the project forward.  Our belief is that we will be able to continue to negotiate and close on significant agreements, technical, financial and strategic, and see Lac à Paul advance.”

2016 Financial and Operational Highlights

• In September 2016, the Company exercised options held on land at Sainte-Rose-du-Nord representing $709,650.  The land is projected to be the future site of the port and is required for the development of the maritime terminal as well as the access roads and supporting infrastructure. It is from this site that Arianne will be shipping its high purity phosphate concentrate to customers around the world.
• In October 2016, the Company closed a second tranche of a loan financing representing $1.1 million with various third party lenders. The terms are the same as the first tranche (see below).
• In September 2016, the Company closed on a $3 million loan with various third party lenders (the “Loan”). The loan will bear interest at 8%, paid semi-annually and has a maturity of 3 years with the Company having the ability to repay the loan after one year at its option.  As part of the loan, the Company has issued non-transferable warrants in the amount of 800 per $1,000 face value (for a total of 2,400,000 warrants), with each warrant entitling the holder to purchase one common share of the Company at a price of $1.25 per share for a term of 3 years expiring on September 28, 2019.  Additionally, following the expiry of the regulatory hold period, should the closing price of Arianne’s common shares on the TSX Venture Exchange (the “Exchange”) be equal to or higher than $2 for 10 consecutive days, the Company shall have the right to force the exercise of the warrants by providing the warrant holders with a 30-day notice period, following which the warrants will automatically expire.

Click here to read the full press release.


Arianne Phosphate announces MOU agreement with ABB

Arianne Phosphate (TSXV:DAN) has announced the signing of a memorandum of understanding agreement with ABB to provide engineering, procurement and support services for integrated electrification and automated mining solutions.

As quoted in the press release:

“Over the last few months, Arianne has been working closely with potential suppliers for key aspects of the project to provide the necessary technical, engineering, procurement and construction services required in developing the Lac à Paul project,” said Jean-Sebastien David, Arianne’s COO.  “By choosing to work directly with the various service providers on specific aspects of the project, it allows us to retain full control over the course and cost of development and, have our selected partners help us to continue to optimize the functionality and economics of our project.  The agreement with ABB fits directly into this plan as they are a global leader in power and automation technologies for the mining industry.”

Aside from scope of work and scheduling, this agreement also looks to address the financial necessities of funding this major work package.  As part of this agreement, ABB has committed to assist Arianne with possible financing strategies and has already introduced the Lac à Paul project to the Swiss Export Credit Agency (“ECA”) SERV.  “The work involved in this contract represents a significant portion of our projected CapEx,” said Brian Ostroff, CEO of Arianne Phosphate.  “We have said that our partners must have both the technical capabilities and financial network to assist in our development.  In ABB we have found that partner.  Already world-renowned as a global leader in electrical design and products, ABB has also been very helpful in looking for workable financial solutions.”

Click here to read the full press release.


Arianne Phosphate Secures Power Agreement with Quebec Government

Arianne Phosphate (TSXV:DAN) has announced it has secured a power agreement with the Ministry of Energy and Natural Resources.

As quoted in the press release:

This agreement confirms that an additional power bloc of 14-MW from Hydro-Quebec will be made available for the Lac à Paul project’s ore processing facilities. This power bloc now totals 129-MW. Details of the agreement were laid out in a letter to Arianne dated February 21, 2017.

With this additional power bloc, Arianne will be able to supply all of its processing facilities with hydroelectric power, making it the apatite concentrate producer with the lowest greenhouse gas (GHG) emissions on the market.  A significant portion of the whole power bloc of 129-MW, i.e. 42-MW, will be used for the electric dryer to dry the apatite concentrate.  The innovative technology integrated into the dryer will prevent the equivalent of 86,000 metric tonnes per year of CO2 emissions. It will also have a positive economic impact on the Lac à Paul project.

“Once again, we would like to thank the Québec Government for the additional power bloc,” said Jean-Sébastien David, Arianne’s COO. “The hydroelectric supply for all of our mining facilities will make the Lac à Paul project the most environmentally responsible phosphate project in the industry.”

Click here to read the full press release.


Arianne Phosphate Signs MOU with Constructions Proco

Arianne Phosphate (TSXV:DAN) has announced that it has signed a memorandum of understanding with Constructions Proco, which will cover structural and architectural engineering, steel fabrication and construction of the mill process and utilities buildings.

As quoted in the press release:

“Our Lac à Paul project stands to greatly benefit from Proco’s experience, a company from the Saguenay-Lac-Saint-Jean region. This selection fits into Arianne’s commitment to advance the project towards development while maximizing the local economic benefits,” said Jean-Sébastien David, Arianne’s Chief Operating Officer. “Over the past many months, Arianne has been working with potential suppliers for key aspects of the project to provide the necessary technical, engineering and construction services required to develop the Lac à Paul project. The agreement with Proco fits directly into this plan as they are a recognized leader in Canada for the construction of major industrial and mining facilities.”

“We acknowledge that many projects faced undue challenges as a result of not having fully addressed the important aspects before the beginning of construction,” noted Brian Ostroff, CEO of Arianne.  “Our last few months have been all about answering the questions and moving the project from shovel-ready to shovel-ready with cost and scheduling certainty. This has allowed us to work with specialists in various aspects of the project and put together a very comprehensive plan.  We believe that this strategy is not lost on potential partners and financiers.”

Click here to read the full press release.


Arianne and Rio Tinto in Discussions on Maritime Transport

Arianne Phosphate (the “Company” or “Arianne”) (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, is pleased to announce the signing of a project agreement with Rio Tinto to review potential maritime services sharing. This project agreement provides for discussions focused on Arianne’s use of ships serving Rio Tinto to deliver phosphate concentrate to international markets.

“This partnership would minimize the environmental impact of our transport on the Saguenay River by fully maximizing the use of these Rio Tinto ships. Currently used for conveying commodities to their facilities, these vessels could eventually leave the Saguenay River loaded with Arianne’s phosphate rock concentrate,” said Jean-Sébastien David, Chief Operating Officer of Arianne. This kind of partnership ties in with Arianne’s ongoing efforts to reduce the environmental impact of its Lac à Paul project, as well as enhancing the project’s economics. “Together, we would be able to lessen the environmental footprint by optimizing transport activity on the Saguenay River and ensure maritime traffic synergy.”

“We are at a preliminary stage, but discussions with Arianne Phosphate will allow us to assess the possibility of using the maritime transport already in place for our operations to promote economic development in the region,” said Jean-François Nadeau, manager, Complexe Jonquière, which includes, the Rio Tinto Port Facilities. “Each year, Rio Tinto’s Port Facilities accommodate about 120 ships loaded with raw materials such as bauxite and alumina.”

This project agreement also focuses on the sharing of common services such as ship towing on the Saguenay River. Discussions will continue during the year as both parties have as potential objective to conclude an agreement and, to look at other opportunities surrounding the synergy of assets.

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 97,648,080 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.

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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.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2017/25/c6631.html

For further information: Source: Jean-Sébastien David, C.O.O., Tel. : 418-549-7316, j.s.david@arianne-inc.com; Info: Brian Ostroff, C.E.O., Tel. : 514-908-4202, brian.ostroff@arianne-inc.com; Medias: Joëlle Brodie, Tel. : 418-549-7316, joelle.brodie@arianne-inc.com

RELATED LINKS
http://www.arianne-inc.com/fr/


 

Arianne Phosphate Provides Year-End Corporate Update

Arianne Phosphate (TSXV:DAN) has provided its corporate update for the year.

Brian Ostroff, CEO of the company, said:

Bringing the Lac à Paul project into production requires many aspects to come together. Having received our permit almost a year ago, we have been busy discussing and planning the integration of the many aspects required.  The successful implementation of this work requires the selection of key suppliers, finalizing the engineering, finding customers and, of course, raising the necessary funding, all of which we believe we have made significant progress towards.  As 2016 comes to an end, we want to keep our investors, First Nations, stakeholders and followers appraised of our activities to date and set some milestones for the New Year.

As quoted in the press release:

Selection of Key Suppliers
Throughout the year, Arianne has worked very closely with key potential suppliers for both technologies and services that will be required to construct the Lac à Paul mine.  This process is well advanced and the Company believes that it will be in a position to make some of these announcements early in the coming year.  These discussions have been very detailed and, aside from providing an assessment of potential suppliers, Arianne believes that it should provide for both cost and scheduling certainty for the project.  As well, aside from the technical aspects, discussions with potential suppliers also focused on the necessity of chosen suppliers to have a workable financing plan in place, either through themselves or financial institutions.

Continued Project Optimization
Since Arianne released its Bankable Feasibility Study back in 2013, the Company has systematically been able to advance and improve its Lac à Paul project, bringing down its anticipated operating costs.  One of the many major benefits to the process undertaken with suppliers over the past year has been the generation of many new concepts on how to better optimize the project.  The detailed look through every aspect of the project; construction, mining, processing, transport and financing has yielded many ideas on how the project can continue to improve well beyond what has been accomplished to date.  Arianne believes that it can be one of the lowest cash cost producers of high purity phosphate concentrate.

Click here to read the full press release.


Arianne Phosphate Reports Corporate and Financial Results for Q3 2016

Arianne Phosphate (TSXV:DAN) has reported its financial results for the three-and-nine-months ended September 30, 2016.

Brian Ostroff, CEO of Arianne Phosphate said:

With permit now in hand, our efforts have been centered on moving the project towards development. The last nine months has seen an increasing momentum in discussions with potential strategic and financial partners as we look to bring Lac à Paul into production. The closing on recent financings and our exercising of land options at the future site of the port are good examples of the work we are doing and, the support we are receiving, to see this project become a reality.

As quoted in the press release:

Q3 2016 FINANCIAL AND OPERATIONAL HIGHLIGHTS

  • The Company has closed on a $3 Million loan with various third party lenders. The loan will bear interest at 8%, paid semi‐annually and has a maturity of 3 years with the Company having the ability to repay the loan after one year at its option. As part of the loan, the Company has issued non‐transferable warrants in the amount of 800 per $1,000 face value (for a total of 2,400,000 warrants), with each warrant entitling the holder to purchase one common share of the Company at a price of $1.25 per share for a term of 3 years expiring on September 28, 2019. Additionally, following the expiry of the regulatory hold period, should the closing price of Arianne’s common shares on the TSX Venture Exchange be equal to or higher than $2 for 10 consecutive days, the Company shall have the right to force the exercise of the warrants by providing the warrant holders with a 30‐day notice period, following which the warrants will automatically expire.
  • The Company has exercised options held on land at Sainte‐Rose‐du‐Nord. The land is projected to be the future site of the port and is required for the development of the maritime terminal as well as the access roads and supporting infrastructure. It is from this site that Arianne will be shipping its high purity phosphate concentrate to customers around the world.

Click here to read the full press release.


Arianne Exercises Options on Land

Arianne Phosphate (TSXV:DAN) has exercised options held on land at Sainte-Rose-du-Nord, which is projected to be the future site of the port.

Brian Ostroff, CEO, said:

This is an important step forward for the Company and its development. As with all large scale projects, transportation logistics are a vital contributor to overall success.  The Arianne team in Chicoutimi has continued their work with the Port of Saguenay as well as the local communities and stakeholders. The overwhelming support we have received for the project and the necessary timelines have led us to proceed with the exercising of our land options as we move towards the realization of our Lac à Paul project.

As quoted in the press release:

The Lac à Paul project is the world’s largest greenfield phosphate rock project.  During construction, Raymond Chabot Grant Thornton estimated that the project would employ roughly 2,300 people and, according to the Company’s 2013 Feasibility Study, once in production, will be capable of producing 3 million tons a year of high purity concentrate necessary for the production of fertilizer as well as many other applications that touch our daily lives.  Recent global events have highlighted the importance of phosphate rock quality and, at 39% with very low contaminant levels, Arianne’s high purity phosphate should continue to receive increased interest as the Company continues its discussions with potential corporate and financial partners.

Click here to read the full press release.


Arianne Phosphate Closes Seconde Tranche of Loan Financing

Arianne Phosphate (TSXV:DAN) has announced that it has closed on a second tranche of a loan financing representing $1.1 million with a number of third party lenders.

As quoted in the press release:

The loan will bear interest at 8%, paid semi-annually and has a maturity of 3 years with the Company having the ability to repay the loan after one year at its option.  As part of the loan, the Company has issued non-transferable warrants in the amount of 800 per $1,000 face value (for a total of 880,000 warrants), with each warrant entitling the holder to purchase one common share of the Company at a price of $1.25 per share for a term of 3 years expiring on October 27, 2019.  Additionally, following the expiry of the regulatory hold period, should the closing price of Arianne’s common shares on the TSX Venture Exchange (the “Exchange”) be equal to or higher than $2 for 10 consecutive days, the Company shall have the right to force the exercise of the warrants by providing the warrant holders with a 30-day notice period, following which the warrants will automatically expire.

In conjunction with this Loan, Arianne paid finder’s fees in the amount of $44,000 and issued 35,200 non-transferable warrants.  Each warrant is exercisable at $0.89 for a period of 3 years.
The securities issued in connection with the Loan are subject to a regulatory four-month and one day hold period expiring on February 28, 2017. The Loan remains subject to the final approval of the Exchange.

Click here to read the full press release.


Arianne Phosphate Extends The Term of Warrants

Arianne Phosphate (TSXV:DAN) has announced subject to regulatory approval the extension of 1,184,500 common share purchase warrants, issued as part of a private placement that closed October 16, 2014 for gross proceeds totaling $2,369,00.

As quoted in the press release:

Each of the Warrants, which were part of the units being issued, entitles its holder to purchase one common share of Arianne (a “Common Share”) at an exercise price of $1.25 per Common Share until October 15, 2016. Arianne has elected to extend the expiry date of the Warrants to October 15, 2017. No other Warrant terms are amended.

Arianne will deliver a notice of extension to the registered holders of the Warrants.

Click here to read the full press release.


Arianne Phosphate Closes Loan Financing

Arianne Phosphate (TSXV:DAN) has announced that it has closed a $3 million loan with a number of third party lenders.

As quoted in the press release:

The loan will bear interest at 8%, paid semi-annually and has a maturity of 3 years with the Company having the ability to repay the loan after one year at its option.  As part of the loan, the Company has issued non-transferable warrants in the amount of 800 per $1,000 face value (for a total of 2,400,000 warrants), with each warrant entitling the holder to purchase one common share of the Company at a price of $1.25 per share for a term of 3 years expiring on September 28, 2019.  Additionally, following the expiry of the regulatory hold period, should the closing price of Arianne’s common shares on the TSX Venture Exchange (the “Exchange”) be equal to or higher than $2 for 10 consecutive days, the Company shall have the right to force the exercise of the warrants by providing the warrant holders with a 30-day notice period, following which the warrants will automatically expire.

Brian Ostroff, CEO of Arianne Phosphate, said:

We continue to push forward towards the development of our significant phosphate asset. These additional funds will allow us to add additional staff related to detailed engineering and financing, as well as to continue our ongoing activities centered around discussions with potential partners and funders.”  Arianne anticipates closing on a second tranche of this financing within the next few weeks.

Click here to read the full press release.


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.


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.


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.

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.

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.


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.


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.