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.