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.