Press Releases

Technological innovation and artificial intelligence will provide for increased operational safety at the Arianne Phosphate project

Published on April 8, 2021

a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, is pleased to announce significant advancements in the design of its future tailings facility. Arianne partnered with the Quebec Center of Geomatics (CGQ), to advance research and development on a new method for the design and future monitoring of the Company’s tailings operations.

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Arianne Phosphate reaches agreement to significantly reduce its debt and extends its credit facility on much improved terms

Published on March 18, 2021

Arianne Phosphate is pleased to announce that it has entered into an Agreement with its senior secured lender Mercury Financing Corp. (“Mercury” or the “Lender”) 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 (the “Loan”).

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