DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
Alliance unites to form Safer Phosphates™
SAGUENAY, QC, Nov. 15, 2017 /CNW Telbec/ - 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, has announced that it has joined Safer Phosphates™, an organization created to promote the use of safer phosphates. The organization has been formed by stakeholders concerned about the potential health risks posed by heavy metal content in phosphate and includes other phosphate producers such as PhosAgro PJSC of Russia and Foskor (Pty) Ltd. of South Africa.
"We are already seeing increased scrutiny from legislatures such as the current initiatives underway in the European Union," said Brian Ostroff, CEO of Arianne Phosphate. "As awareness of health and environmental issues associated with phosphate continues to grow, Arianne and others will be able to provide for the increased demand for 'clean' phosphate. The decision for Arianne to move forward on this initiative supports our belief in safe and sustainable development and the advancement of our business model."
Today over 90% of phosphate production comes from sedimentary deposits, with the largest based in North Africa, the Middle East and the United States. The concern is that, although not all, a significant amount of the phosphate mined from sedimentary deposits comes with substantially higher levels of impurities including heavy metals such as cadmium. Over time, these impurities build up and can make their way into the food chain through plants and crops grown on contaminated farmland. The alternative is either phosphate from sedimentary deposits that do not contain high levels of heavy metals or, phosphate that comes from igneous deposits that do not contain these harmful elements. Arianne's Lac à Paul deposit in Canada is igneous and this, along with other igneous deposits such as those in Russia, South Africa, Brazil and Finland, as well as some sedimentary deposits, can substitute in order to provide needed phosphate but with much less impurities.
Safer Phosphates™ (www.saferphosphates.com) is a collaboration of several current and pending producers, as well as other stakeholders, to share knowledge and address concerns about potentially harmful contaminants such as heavy metals that are present in some phosphate-based fertilizers. The goal is to improve the understanding of the potential risks and promote solutions that optimize healthier fertilizer choice to support food security and sustainable agriculture.
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% P2O5 with little or no contaminants. The Company has 100,530,580 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 labor 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.