Canada’s phosphate production hopeful received a tidal wave of support from the Quebec government.
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Arianne Phosphate (TSXV:DAN,FWB,JE9N,OTCBB:DRRSF) announced that, as part of its $8 million financing financing that was previously announced on July 31 2014, Investissement Québec has invested $2 million in Arianne’s Lac à Paul Phosphate Project. The investment is expected to close in coming days.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) reports that Brian Kenny will no longer serve as CEO of Arianne, and will stay on as a consultant in order to better advance the company towards its primary milestones including permitting and securing a strategic partner. The company reports that many of Mr. Kenny’s responsibilities will now fall to COO Jean-Sebastien David, while Pierre Fitzgibbon will become Executive Chairman of Arianne to support this expanded role.
Ethan Park of Extract Capital could teach a college graduate-level course on the differences between phosphate and potash. Park’s basic advice to The Energy Report: Don’t miss out on making money with these essential commodities just because they smell like, well, fertilizer.
Potash prices have been slow to rebound a year following Uralkali’s exit from Belarus Potash Company. That could cause trouble for BHP Billiton as the miner looks for a partner for its proposed Jansen potash mine in Saskatchewan.
Arianne Phosphate Inc. (TSXV:DAN) announced today that it has closed the first tranche of a private placement financing to raise gross proceeds of $5,631,000. The majority of subscribers were existing shareholders of Arianne.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB: DRRSF) announced the addition of 146 million tonnes at 5.30 percent P2O5 with a 3.5 percent P2O5 cut-off grade from the South TraMan Zone in the inferred category to its mineral resources. Furthermore, Arianne has identified a new inferred resource from the Traverse zone of 17 million tonnes at 5.98 percent P2O5 at 3.5 percent P2O5 cut-off grade.
Arianne Phosphate today added 146 million tonnes to the inferred resource at its Lac a Paul project’s TraMan zone and identified a new inferred resource at the Traverse zone.
Food security is a condition that exists “when all people at all times have access to sufficient, safe, nutritious food to maintain a healthy and active life.” Unfortunately, this is not the case.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) secured an agreement with the Ministry of Energy and Natural Resources, confirming that 115-MW of power from Hydro-Québec will be made available for the Lac à Paul Project at a preferential and reduced rate (Rate L).