Arianne Phosphate Inc - DRRSF stock
About DRRSF[edit]
Arianne Phosphate, Inc. is an industrial metal and mining company that engages in acquiring, exploring, and developing mineral properties in Canada. The company was incorporated in 1997[1] and is headquartered in Quebec, Canada.[2] It was previously called Arianne Resources Inc. before changing the name to Arianne Phosphate, Inc. in June 2013.[3] The company focuses on developing Lac a Paul phosphate rock project in Quebec, positioned in the Saguenay-Lac St-Jean area, approximately 200 kilometers north of Saguenay. The property consists of roughly 500 map-designated claims and nearly 270 square kilometers. The Lac a Paul asset contains mafic to ultramafic rocks, including anorthosite, gabbros, norite, dunite and peridotite, trocotites, and some pyroxenite. The apatite deposit comprises a nelsonite stratabound lense in the North and a mineralized anorthositic gabbro in the South.[1]
Business Plans and Achievements[edit]
Arianne Phosphate aims to meet and fulfill the constantly increasing demand for food by developing its prolific Lac a Paul mining project. In February, the company announced that in collaboration with the Environmental and Biotechnology Research Group of the Riviere-de-Loup Cegep it had started research to develop a new breed of fertilizers from organic waste and its high-purity low-contaminant phosphate concentrate.[4]
On May 18, 2022, Arianne Phosphate reported that it had successfully tested an enhanced process that would enable the company to optimize its high-purity phosphate concentrate for specific end markets. Jointly working with Corem, a Quebec-based firm specializing in mineral processing, Arianne produced a higher minor element ratio (MER) phosphate concentrate and low MER using high-intensity magnetic separation.[5]
On April 5, 2022, the company announced its collaboration with Northern Nutrients of Saskatchewan to combine its high-purity phosphate concentrate with its partner's proprietary fertilizer compositions. The process was aimed at generating a multi-nutrient fertilizer that can be directly applied to farmer's fields.[6]
There have been a surge in demand for lithium-iron-phosphate ("LFP") batteries among certain automotive industry segments, with multiple companies increasing the number of vehicles that use the battery. On November 3, 2021, Arianne announced that after preliminary test works jointly carried out with several battery industry players, it would be presenting its high-purity phosphate concentrate for further detailed analysis. The tests were to ensure the product meets specifications provided by a major battery producer through MoU and via an independent plant that produces purified phosphoric acid.[7]
Funding[edit]
On April 1, 2022, the company announced its issue of 4,166,096 common shares at $0.512 per share, in place of cash, to Mercury Financing Corp. as an annual interest payment to honor the agreement made in March 2022. The agreement saw Mercury extend the credit facility, reduce the interest rate per annum, and reduce the loan principal. Brian Ostroff, President of Arianne Phosphate, termed the contract a win for both firms.[8]
- ↑ 1.0 1.1 CNBC. DRRSF Stock Profile. Retrieved on 12/30/2023.
- ↑ newswire.ca. ARIANNE PHOSPHATE MOVES CORPORATE HEADQUARTERS. December 29, 2023.
- ↑ WSJ.com. DRRSF Quote. Retrieved on 12/30/2023.
- ↑ Seeking Alpha. Arianne Phosphate reports Q4 results. March. 30, 2022.
- ↑ Yahoo Finance. ARIANNE PHOSPHATE OPTIMIZES THE PRODUCTION OF ITS PHOSPHATE CONCENTRATE FOR SPECIALTY MARKETS. May 18, 2022.
- ↑ Arianne-inc.com - News. ARIANNE PHOSPHATE EXPANDS WORK ON ALTERNATIVE FERTILIZERS. April 5, 2022.
- ↑ Arianne-inc.com - News. ARIANNE PHOSPHATE FURTHERS ITS WORKS ON ADVENCED BATTERY TECHNOLOGIES. November 3, 2021.
- ↑ Yahoo Finance. ARIANNE PHOSPHATE ISSUES SHARES AS INTEREST PAYMENT. April 1, 2022.
OTC Symbol: DRRSF | OTC Tier: OTCQX International
