Arianne Phosphate Inc.
Arianne Phosphate Inc. is a Canadian mineral exploration company now focused on developing its Lac à Paul phosphate project into a major phosphate rock producer.
Arianne's Lac à Paul project is the world's largest greenfield phosphate rock project, located in Québec, Canada. The Lac à Paul project consists of several mineralized zones. The Lac à Paul deposits will produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants. Lac à Paul will provide supply security to key markets within North America and Europe.
The Company's Management and Board are comprised of professionals from the mining and fertilizer industries, having significant experience with North and South American and international projects.
LAC À PAUL PHOSPHATE PROJECT, QUÉBEC, CANADA
TIMELINE / MILESTONES
Management and Directors
Brian Ostroff, Chief Executive Officer and Director
Mr. Ostroff has more than 25 years experience in capital markets. Previously held positions with RBC and Goodrich Capital, was Managing Director of Windermere Capital. His area of focus is the junior and mid tier mining sector. Mr. Ostroff has sat on Arianne Phosphate's board since 2014.
Jean-Sébastien David, Chief Operation Officer
Born in the Saguenay–Lac-St-Jean area, Mr. David is a geologist, was the former Vice-President Sustainable Development at Osisko Mining Corporation. He has held various positions in mining operations, forestry, environmental and project development for Iamgold, Cambior and Louisiana-Pacific. He has a B.Sc. in Geology and a Masters Degree in Project Management.
James Cowley, Chief Financial Officer and Director
Mr. Cowley is a Metallurgical Engineer with an MBA in Finance. Mr. Cowley has more than 35 years experience in business development, finance, marketing and metallurgical engineering. He has worked in various roles for companies such as Exxon, Climax Molybdenum, Bond International Gold and Rio Tinto. He is currently a full time consultant and employee of Ocean Partners USA.
Daniel Boulianne, Vice President Exploration and First Nations Relations
Mr. Boulianne holds a Bachelor's degree in geological engineering. He has more than twenty-five years experience in mineral exploration geology, working in Quebec, Ontario, West Africa and in French Guiana.
Dominique Bouchard, Executive Chairman
Dave DeBiasio, Director
Marco Gagnon, Director
Siva Pillay, Director
Steven Pinney, Director
Claude Lafleur, Director
On December 13, 2018, Arianne Phosphate Inc. announced that it has entered into its second formal offtake agreement for the purchase and marketing of its high-purity phosphate concentrate.
The buyer of the Arianne Phosphate concentrate is an industry-leading global trader of fertilizer products, including phosphate concentrate and phosphoric acid. Under the terms of the agreement, the buyer has a commitment to purchase a specific annual quantity of phosphate concentrate and has been granted an option to purchase additional amounts under certain terms and conditions.
On October 23, 2018, Arianne Phosphate Inc. announced that the Port of Saguenay has received a favorable decision with regards to the construction of a maritime terminal facility on the north shore of the Saguenay River. Granted by the Minister for the Environment and Climate Change, the Honorable Catherine McKenna, this decision now paves the way forward for the construction of a terminal that will allow for the shipping of Arianne’s phosphate concentrate to customers around the world.
On September 25, 2018, Arianne Phosphate Inc. announced that it has formally executed its first offtake agreement. Under the terms of the agreement, the buyer has entered into a long-term contract to purchase Arianne's high-purity phosphate concentrate which will be shipped to the buyer's processing plant for further processing into downstream phosphate products. The offtake agreement also has a mechanism whereby it can be extended beyond the initial contract period and applies pricing that accounts for the high quality of Arianne's concentrate.
On August 30, 2018, Arianne Phosphate Inc. announced that it has appointed Claude Lafleur to the Company's board of directors. Mr. Lafleur brings with him extensive experience in the agribusiness field, having served in senior management positions with several companies.
On August 9, 2018, Arianne Phosphate Inc. announced that it has partnered with the Province of New Brunswick to further its review of constructing a phosphoric acid plant in Belledune, N.B. As part of this agreement, the government, through Opportunities New Brunswick (ONB), will provide a financial contribution toward the cost of a prefeasibility study, the next step in Arianne's assessment of its downstream opportunity.
On August 1, 2018, Arianne Phosphate Inc. announced that it is continuing its initial in-house review regarding the construction of a downstream phosphoric acid facility and, in conjunction with this review, the Company has entered into a memorandum of understanding (MoU) for the supply of sulphuric acid.
On April 3, 2018, Arianne Phosphate Inc. announced that it has received a grant of $1.5-million from the Ministry of Energy and Natural Resources of Quebec. This funding has been provided as part of the government's plan to help advance the Quebec phosphate (apatite) sector. Arianne will be using this funding in support of its previously announced (see press release dated Nov. 8, 2017) program to produce additional high-purity phosphate concentrate to fulfill demand from potential customers and, to conduct further pilot-scale tests.
On March 6, 2018, Arianne Phosphate Inc. announced that it has started research and development work to integrate aluminum in the design of the trailer that will transport the phosphate concentrate from the Lac a Paul mine to the deepwater port that will be located in Sainte-Rose-du-Nord.
On January 19, 2018, Arianne Phosphate Inc. announced that it has extended the term of 1,217,500 common share purchase warrants issued as part of a private placement which closed on July 29, 2013, for gross proceeds of $2,678,500. Each of the warrants, which were part of the units being issued, entitles its holder to purchase one common share of Arianne at an exercise price of $1.45 per common share until Jan. 27, 2018. Arianne has elected to extend the expiry date of the warrants to July 27, 2018. No other warrant terms are amended.
On January 2, 2018, Arianne Phosphate Inc. announced that it has closed on a private placement financing for gross proceeds of $1,915,219. The majority of the financing was subscribed for by current shareholders of Arianne and included the participation of all of the Company's board of directors and several members of the management team. Under the terms of the offering, the Company issued 3,040,030 units at a price of 63 cents per unit.