Arianne Phosphate Receives Additional Funding From the Government of Quebec for its Lac à Paul Project

Arianne Phosphate (the “Company” or “Arianne”) (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul phosphate rock project in Quebec’s Saguenay-Lac-Saint-Jean region, is pleased to announce that it has received a grant of $ 1.5 million from the Ministry of Energy and Natural Resources of Quebec.

As quoted in the press release:

“Demand continues to grow on the part of potential customers,” said Jean-Sébastien David, Chief Operating Officer of Arianne Phosphate. “Many of those interested have already received product samples and are now asking for even larger volumes to carry out large-scale tests in their own facilities. Further, legislative changes in Europe regarding cadmium content in phosphate entering the EU, and, supply disruptions out of certain phosphate-producing regions have continued to push new requests for Arianne’s concentrate.”

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