News for Arianne Phosphate Inc. (DRRSF)

MONTRÉAL, June 18, 2024 (GLOBE NEWSWIRE) — NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is satisfied with the update to Canada’s lis…

First Phosphate Corp. is pleased to update the market on its plans for a purified phosphoric acid plant at the Port of Saguenay and the development of the North American lithium iron phosphate ...

Phosphate plays a crucial role in ensuring global food security. As an essential nutrient, phosphate is a key component of fertilizers, which are fundamental in enhancing crop productivity. Phosphorus is responsible for promoting root development, aiding in seed production and supporting overall plant growth.

From shoring up the food supply to creating a greener future, Canada is pouring billions of dollars into increasing the supply of critical minerals to necessitate those goals and expand its economy.

The lithium-ion battery market seems to be heating up, thrusting phosphate into the spotlight as companies turn to LFPs to power the cars and homes of the future. One company that could potentially benefit from the trend is Arianne Phosphate Inc. (OTCMKTS: DRRSF), the Quebec owner of the world’s largest greenfield phosphate rock project.

From fertilizer to grow crops to electric batteries to power next-generation vehicles, demand for phosphate is growing. At the same time, supply is increasingly disrupted. As it stands, most of the world has a deficit of this important rock, with North America, South America, Western Europe and much of Asia forced to import phosphate.

Brian Ostroff, President & Director of Arianne Phosphate, Inc. (OTCMKTS: DRRSF) (TSX.V: DAN), was recently interviewed by Benzinga.

Lithium-iron-phosphate or LFP batteries already make up about 30% of the battery market, and it’s still in the early days.

From powering electric vehicles to storing solar and wind energy, lithium plays a critical role in the transition to a greener world. So it’s not surprising demand for Lithium-Iron-Phosphate (LFP) batteries is exploding – as are the market values of its key publicly traded producers.

Brian Ostroff, President and Director of Arianne Phosphate Inc. (OTC: DRRSF) (TSX-V: DAN) spoke about his company’s progress this year.

Phosphate, often underestimated and overlooked, is an incredibly versatile resource that plays a crucial role in several essential industries. From powering electric vehicle batteries to ensuring clean water, from promoting agricultural fertility to enhancing beauty products, phosphate is the unsung hero that deserves more attention.

Canada is among the world’s premier jurisdictions for mineral exploration and mining and has become a go-to destination for the industry.

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