Arianne Phosphate’s (TSXV:DAN) Lac A Paul Project in Quebec was highlighted at the Saguenay Chamber of Commerce business lunch held today. Raymond Chabot Grant Thornton publicly shared highlights of the analysis for the project.
As quoted in the press release:
Given the project’s size and its impact on economic growth in Quebec, Raymond Chabot Grant Thornton CEO Emilio B. Imbriglio was present for the report’s release. “This project will create wealth. And that’s what Quebec needs and must have to thrive. We have to develop our natural resources in a responsible and environmentally friendly manner. This project meets these requirements. Our society needs powerful development tools to spur growth, and Arianne Phosphate’s project is truly such a tool,” stated Mr. Imbriglio.
Saguenay office partner Éric Dufour, who also took part in the presentation, further pointed out that “rarely does a project like this one come along—a project that delivers a lasting impact and spinoffs of over $12 billion, that entails hiring more than 500 direct workers a year during construction and that then creates over 1,400 direct and indirect jobs for the more than 25-year lifetime of the mine. No doubt about it—this is a crucial project for our region!”
The analysis released at the lunch confirmed that Arianne Phosphate’s Lac à Paul mine project will be the biggest investment in the Saguenay-Lac-Saint-Jean region in the past decade. It will have a huge impact, raising average worker income in the region and boosting collective wealth while adding to the ranks of mining subcontractors, as well as diversifying the regional economy beyond the traditional logging and aluminum sectors. In addition to attracting new residents and a talented workforce with special expertise, the project will also generate new opportunities for educational institutions.