DAN. Arianne Phosphate Inc

EQS-News: Arianne Phosphate Has Capacity To Meet Growing Demand As Electric Vehicles Transition To Lithium Iron Phosphate Batteries

EQS-News: Arianne Phosphate
Arianne Phosphate Has Capacity To Meet Growing Demand As Electric Vehicles Transition To Lithium Iron Phosphate Batteries

04.11.2022 / 13:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


The world of electric vehicles (EVs) is fraught with controversial opinions; companies and consumers alike have all but waged war over how to make the best battery possible. For decades, companies — specifically North American companies — placed their bets on lithium-ion batteries, which rely heavily on lithium, cobalt, and nickel resources.

However, cobalt and nickel are scarce, expensive and controversial raw elements to mine — in part due to the high human costs involved.

As such, due to factors ranging from supply chain concerns to cost and efficiency considerations, engineers and companies are now transitioning away from lithium-ion batteries with cobalt and nickel in favor of lithium iron phosphate batteries (LFP).

According to a recent research report by Wood Mackenzie Power & Renewables, lithium iron phosphate is on course to be the , replacing their cobalt and nickel-based lithium-ion predecessor. LFPs are safer, less expensive than alternatives, and last longer. LFPs also require less lithium.

But in the current geopolitical context, raw material supply concerns are a key consideration.

Raw Materials — Where They Come From And The Concerns For American Companies

China has long been investing in the LFP market; today, in the U.S. and Canada. Other countries and companies are now starting to take notice and beginning investment in the LFP industry.

Some carmakers are developing and producing cobalt-free batteries; in fact, many companies such as Tesla Inc. (NASDAQ: TSLA) are shifting away from lithium-ion batteries that combined materials like cobalt, nickel, and manganese in favor of LFPs. But North American companies, including Tesla, are hesitant to rely heavily on Chinese, Middle Eastern, and North African phosphate.

fertilizer, with Russia not far behind. The largest phosphate concentrate reserves are in Morocco followed by other Middle Eastern and North African countries. China and Russia have recently suspended or minimized the exports of phosphate, which is proving problematic to the supply chain and for manufacturers relying on Chinese phosphate. Similarly, the phosphate concentrates in the Middle East and North Africa (MENA) are dependent on geopolitical stability that is often fluctuating.

When considering all of these factors, North American carmakers are eager to find a phosphate supply that is stable, high quality and closer to home.

Canadian Arianne Phosphate Says It Has The Answer

Arianne Phosphate Inc. (OTC: DRRSF) is one of the promising phosphate mining companies that can help meet the growing demand for phosphate for EVs. The company’s Lac à Paul project is a response to the growing global demand for phosphate, which is increasing by

Two things set Arianne’s Lac à Paul project in Quebec apart from Chinese and MENA competitors. First, the mine is made up of igneous deposits that produce a concentration higher than 90% of the world’s phosphate, which is housed in sedimentary rock. Second, the Canada-based company adheres to stricter environmental, social and corporate standards, aligning with North American and European agendas.

As European and North American companies pivot away from their overdependence on Chinese and MENA suppliers, Arianne Phosphate seems to be well-positioned to fill the supply gap.

ARIANNE PHOSPHATE INC. () 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, 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. Arianne Phosphate is listed on both the TSX-V: DAN and the OTCQX: DRRSF.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

This information contains forward looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralisation and reserves, exploration results and future plans and objectives of Arianne Phosphate Inc, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Arianne Phosphate Inc’s (“Arianne Phosphate” or the “Company”) expectations are disclosed under the heading "Risk Factors" and elsewhere in Arianne Phosphate Inc’s documents filed from time-to-time with the TSX Venture and other regulatory authorities.

Contact Details

Brian Ostroff, President

Company Website


News Source: News Direct


04.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Arianne Phosphate
United States
ISIN: CA04035D1024
EQS News ID: 1479667

 
End of News EQS News Service

1479667  04.11.2022 CET/CEST

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