11:32:45 EDT Sun 25 Sep 2022
Enter Symbol
or Name

Login ID:
Arianne Phosphate Inc
Symbol DAN
Shares Issued 190,187,348
Close 2022-09-21 C$ 0.415
Recent Sedar Documents

Arianne shares to begin trading on OTCQX Sept. 22

2022-09-21 17:06 ET - News Release

Mr. Brian Ostroff reports


Arianne Phosphate Inc.'s shares have been qualified to trade on the OTCQX Market. Arianne's shares will begin trading on the OTCQX on Sept. 22, 2022, maintaining its current U.S. trading symbol DRRSF.

Highlighted by continuing geopolitical unrest, phosphate has become an increasingly important commodity due to its requirement in fertilizers and ultimately the entire food chain. Arianne's Lac a Paul deposit, situated in Quebec, Canada. will provide an important source of phosphate production from a safe jurisdiction. Further, due to the geological nature of the company's deposit, Arianne can produce a very-high-purity, low-contaminant phosphate concentrate that can also be used in the production of lithium-iron-phosphate (LFP) batteries (see the press release dated June 21, 2022), currently projected to be a predominant battery technology for use in both automotive and energy storage applications.

"The importance of our Lac a Paul phosphate deposit has grown significantly as recent unrest has highlighted security of supply concerns in a number of commodities," said Brian Ostroff, president of Arianne. "The fact that our phosphate can be used to aid in food production, as well as allowing for access to a key battery material from a safe, western jurisdiction, has increased interest in Arianne on the part of many investors. Furthering this, we have seen recent American legislation providing for substantial financial benefits to companies sourcing battery materials from American and Canadian origin. The graduation to the OTCQX platform will provide easier access to investment in our company on the part of U.S.-based investors looking to be involved in these growing trends."

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the United States. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

About Arianne Phosphate Inc.

Arianne is developing the Lac a Paul phosphate deposits located approximately 200 kilometres north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high-quality igneous apatite concentrate grading 39 per cent P2O5 with little or no contaminants (feasibility study released in 2013). The company has 190,187,348 shares outstanding.

Qualified person

Raphael Gaudreault, eng, qualified person by National Instrument 43-101, has approved this release. Mr. Gaudreault is also the company's chief operating officer.

We seek Safe Harbor.

© 2022 Canjex Publishing Ltd. All rights reserved.