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 … Continued
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% P2
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.
For further information: Source: Jean-Sébastien David, C.O.O., Tel. : 418-549-7316, firstname.lastname@example.org; Info: Brian Ostroff, C.E.O., Tel. : 514-908-4202, email@example.com; Medias: Joëlle Brodie, Tel. : 418-549-7316, firstname.lastname@example.org