PHOSPHATE: Arianne signs formal offtake agreement

QUEBEC – Headquartered in Chicoutimi, Que., Arianne Phosphate has signed its first formal offtake agreement for high purity phosphate concentrate from its Lac a Paul mine. [caption id="attachment_1003724966" align="alignright" width="300"] Core from the Lac a Paul phosphate project. (Image: Arianne Phosphate)[/caption] The concentrate will be shipped to the buyer’s plant to be processed into downstream products.  The agreement carries an option to extend the term and adjust the pricing according to the quality of the concentrate. Arianne declined to name the customer, except to call it “a well-known, bankable, industry player.” The company is also pursuing other offtake agreements. The Lac a Paul project 200 km north of Saguenay will be an open pit mine with a life of 26 years. The mill will produce 3.0 million tonnes of concentrate annually. Learn more at www.Arianne-Inc.com.