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Be the first with the news that moves the market- Brian Ostroff, President and CEO of Arianne Phosphate spoke about the growing importance of high-quality phosphate for various industries
- Ostroff updated that Arianne is a world-class mining site and is the single largest greenfield deposit of phosphate
- The company’s Lac à Paul project is a response to the growing global demand for phosphate
- Arianne Phosphate is a phosphate mining company
- Arianne Phosphate Inc. (DAN) opened trading at C$0.45 per share
Brian Ostroff, President and CEO of Arianne Phosphate (DAN) recently spoke at Lytham Partners Investor Select Conference. He spoke about the growing importance of high-quality phosphate for various industries and the strengths of his company to help meet that demand.
Ostroff explained that the demand for phosphate has skyrocketed recently. Historically, phosphate has always been a key component in fertilizers. However, recently, phosphate has become an important raw material for lithium-iron phosphate batteries (LFPs). LFP batteries are becoming prominent in EVs (electric vehicles) as well as energy storage systems.
Projected demand for phosphate
By the end of the decade, Ostroff explained that LFPs are projected to be the leading battery chemistry for EVs. It will be replacing their cobalt and nickel-based lithium-ion predecessor. Some of the major companies have already decided to make the switch to LFP batteries for all of their standard-range vehicles in North America.
“LFPs are all-in-all cheaper, safer and last longer than nickel or cobalt-based batteries. Due to this, phosphate is an increasingly high-demand commodity. Not only are North American companies looking for regional suppliers, but they are also demanding higher-quality phosphate to create the best products available. Arianne Phosphate seems to check all of the boxes.”
About Arianne Phosphate
Arianne Phosphate is a phosphate mining company. It owns the Lac à Paul phosphate deposit in Quebec, Canada. Fully permitted and shovel ready, the asset is among the world’s largest greenfield deposits. It is capable of producing an environmentally friendly phosphate concentrate.
Due to the nature of its high-purity, low-contaminant product, Arianne’s phosphate can be used to produce fertilizer as well as meeting the technical requirements of specialty applications such as the lithium-iron-phosphate (LFP) battery.
The Lac à Paul deposit is rare due to its geographic location and geological structure. The company’s Lac à Paul project is a response to the growing global demand for phosphate.
What Arianne Phosphate can offer
Ostroff updated that Arianne is a world-class mining site and is the single largest greenfield deposit of phosphate.
“One major edge Arianne has is the deposit is igneous which allows it to produce a concentrate higher than 90 per cent of the world’s phosphate. This is housed in sedimentary rock. It allows Arianne to produce a high-purity and low-contaminant phosphate concentrate ideal for use in batteries and fertilizer.”
Beyond quality phosphate, Arianne also boasts strong community support and its adherence to stricter environmental, social and corporate standards. Hydroelectricity which is a clean, green, renewable energy source, provides 75 per cent of all energy required for the Lac à Paul project.
Ostroff also added that Arianne has followed a greenhouse gas emissions accounting program since 2010 to help reduce its ecological footprint. The company is committed to being as carbon-neutral as possible.
Arianne Phosphate Inc. (DAN) opened trading at C$0.45 per share.
