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Arianne Phosphate Reports Corporate and Financial Results for Second Quarter 2017
Arianne Phosphate Reports Corporate and Financial Results for Second Quarter 2017 ...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n\nArianne Phosphate Reports Corporate and Financial Results for Second Quarter 2017\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSAGUENAY, QC, Aug. 23, 2017\n\n\n\nDAN: TSX-V (Canada)JE9N: FSE (Germany)DRRSF: OTC (USA) \n\n\n\nSAGUENAY, QC, Aug. 23, 2017 /CNW Telbec/ - Arianne Phosphate (the \"Company\" or \"Arianne\") (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, reported its financial results for the three- and nine-month periods ended June 30, 2017. All amounts are in Canadian dollars unless noted.\n\n\n \n \n\n \n\"The first half of the year was a very active and productive period for Arianne,\" said Brian Ostroff, CEO of Arianne Phosphate.  \"The Company entered into numerous agreements with large global enterprises to further the development and assist in the financing of our project.  As well, we have been actively engaged in conversations with industry players to help secure both off take agreements and a strategic partner.  Despite industry challenges as a whole, issues such as supply disruptions and environmental concerns have only served to highlight the quality of our asset and continues to drive strong interest in our project as we move towards development.\"\n\nQ2 2017 Financial and Operational Highlights \n\n\nIn June 2017, the Company signed a Memorandum of Understanding (\"MoU\") with a major global producer of sulfuric acid, to explore the possibility of setting up a downstream operation that would produce phosphoric acid. The MoU will allow for both companies to combine their respective market knowledge and address how best to move the potential venture forward. Costs, logistics and end markets will all continue to be reviewed to determine the full extent of the opportunity. Matters such as capacity, end products and location will be further studied to better assess feasibility and decisions regarding a possible business venture made from that review.\nI...