Arianne Phosphate (TSXV:DAN,OTCBB:DRRSF) released its third quarter results on Thursday, highlighting the addition of 146 million tons of inferred resource at 5.3 percent potash in the TraMan Zone and 17 million tons at 5.98 percent potash in the Traverse Zone. The company closed a tranche of an $8 million private placement but also announced a loss of $1.26 million as it is still a development stage company.
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Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) announced that Daniel Gaudreault had been nominated to become the chairman of the company’s monitoring committee. Gaudreault.
Ethan Park, an analyst with Extract Capital, recently spoke to Potash Investing News about what makes the fertilizer market a compelling story.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) closed the second tranche of its previously announced $8M private placement financing for gross proceeds of $2,369,000.
This week Arianne Phosphate and DuSolo Fertilizers made headlines in the phosphate space. Here’s a look at what’s been going on.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) announced an updated resource estimate on its Paul Zone: 668 million tonnes at 7.01% P2O5 with a 4.0% P2O5 cut-off grade in the measured & indicated category; and a new inferred resource of 38 million tonnes at 6.13% P2O5 at 4.0% P2O5 cut-off grade.
The Financial Post reports that the province of Quebec’s Plan Nord helps Arianne Phosphate (TSXV:DAN,FWB,JE9N,OTCBB:DRRSF)
Canada’s phosphate production hopeful received a tidal wave of support from the Quebec government.
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.