Arianne Phosphate Inc.

Arianne Phosphate is pleased to announce that it has entered into an Agreement with its senior secured lender Mercury Financing Corp. by which the Lender has agreed to exercise its 26,780,000 warrants that it currently holds, thereby reducing the amount owed under the credit facility by roughly $6.6M to $24.9M . Further, the Lender has also agreed to extend the Loan under the credit facility for a period of 5 years and [...]

Arianne Phosphate is pleased to announce that it has appointed Ms. Pier-Elise Hebert-Tremblay as the Company's CFO effective immediately. Ms. Hebert-Tremblay will replace Andrew Malashewsky who had held the position since January 2019 and, the Company wants to thank Mr. Malashewsky for his time and efforts in the position. "Pier-Elise has been involved with Arianne almost since its inception and advanced her way through [...]

Arianne Phosphate announces election results of its 2020 annual general meeting, representing its fiscal year ended 2019. Arianne is pleased to announce that the company shareholders have reelected Messrs. Dominique Bouchard, Brian Ostroff, James Cowley, Marco Gagnon, Siva Pillay, Steven Pinney and Claude Lafleur as directors of the Company during the Annual General Meeting of Shareholders of the Company held on December [...]

Arianne Phosphate reported its financial results for the three-month and nine-month period ended September 30, 2020. All amounts are in Canadian dollars unless noted. "Through the third quarter, Arianne continued to drive the optimization of its project as metallurgical tests have shown a path towards lower operating times and costs," said Brian Ostroff, CEO of the Company. "Of significant interest as well, has been the [...]

Arianne Phosphate is pleased to announce that it has received further results from tests designed to optimize its metallurgical process and reduce its operating costs. The tests, performed by COREM Laboratories in Quebec City and with the help of NORDCHEM, were designed to further evaluate our new collector however, this time, the process was run at lower water temperatures to simulate the water temperatures available at [...]

Arianne Phosphat reported its financial results for the three-month and six-month period ended June 30, 2020. All amounts are in Canadian dollars unless noted. Q2 2020 Financial and Operational Highlights In July 2020, the Company announced that it has received favorable results from recently conducted metallurgical tests performed at COREM Labs in Quebec City, Canada. In tests run earlier this year, Arianne weighed the [...]

Arianne Phosphate is pleased to announce that it has received favorable results from recently conducted metallurgical tests performed at COREM Labs in Quebec City. In tests run earlier this year, Arianne weighed the benefits of using a different collector agent sourced from NordChem, a Canadian-based company that provides tailor-made chemicals to the mining industry. Results recently received from these tests demonstrated [...]

Arianne Phosphate is pleased to announce the extension of its secured credit facilities held with Mercury Financing Corp. The extended secured credit facilities are in the aggregate amount of $28,942,259 and will have a maturity of June 15, 2021. These credit facilities will continue to bear interest at an annual rate of 15%, with all interest capitalized through maturity. The Company has also issued Mercury 26,780,000 [...]

Arianne Phosphate is pleased to announce that it has closed on a $1.5 Million financing. Subscribers to this financing were predominantly institutional and included Funds that have been long-time investors in Arianne. Additionally, the Government of Quebec added 3,333,333 units to its holdings in the Company by way of investment in this placement through Investissement Quebec. "Recent events surrounding the Covid-19 virus [...]

Arianne Phosphate reported its financial results for the three-month period ended March 31, 2020. All amounts are in Canadian dollars unless noted. Q1 2020 Financial and Operational Highlights In February 2020, the Company closed on the first tranche of an equity financing in the amount of $425,025 financing. Under the terms of the financing, Arianne has issued 1,700,100 units at a price of $0.25 per unit. Each unit is [...]