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.