ARIANNE PHOSPHATE CONDITIONALLY APPROVED FOR SUPPORT FROM THE GOVERNMENT OF CANADA

Executive Summary

• The Government of Canada has conditionally approved a grant of up to C$735,000 for Arianne Phosphate to advance its purified phosphoric acid (PPA) work under Natural Resources Canada's Critical Minerals R&D program.
• The funding is part of the broader C$80.3 million critical‑minerals investment announced at the 2025 G7 Leaders’ Summit, underscoring the strategic importance of phosphate for lithium‑iron‑phosphate (LFP) batteries and clean‑energy applications.
• Arianne’s Lac à Paul project is fully permitted, shovel‑ready, and positioned as Canada’s only large‑scale greenfield phosphate deposit capable of producing high‑purity concentrate for PPA production.

Key Details

• Grant Amount: Up to C$735,000 (conditional on final due diligence).
• Program: Natural Resources Canada – Critical Minerals Research, Development and Demonstration (CMRDD) program.
• Purpose: Support development of a downstream facility to convert high‑purity phosphate concentrate into high‑grade purified phosphoric acid (PPA), a key feedstock for LFP batteries used in EVs and energy‑storage systems.
• Strategic Context:
• Part of the federal C$80.3 million critical‑minerals investment announced at the 2025 G7 Summit to secure reliable supply chains.
• Aims to reduce reliance on Chinese‑dominant LFP market ( >95% share) by fostering a domestic PPA source.
• Project Background:
• Lac à Paul is the world’s largest greenfield phosphate deposit, fully permitted after $100 M of prior investment over 15 years.
• Deposit yields igneous apatite concentrate grading 39 % P₂O₅ with minimal contaminants, ideal for conversion to PPA.
• Company Statements:
• COO Raphael Gaudreault highlighted the grant’s significance for advancing PPA transformation work.
• Executive Chairman Marco Gagnon thanked the government, emphasizing phosphate’s critical‑mineral status and its role in EV battery supply chains.
• Regulatory/Qualified Person: Technical information approved by Raphael Gaudreault, Eng., Qualified Person (NI 43‑101).

Notable Quotes

“The receipt of this funding will be significant in our efforts to advance our work surrounding the transformation of our phosphate into PPA,” – Raphael Gaudreault, Chief Operating Officer.

“The Government of Canada's support allows us to move forward the development of our Lac à Paul project to the benefit of the country, our stakeholders and our shareholders,” – Marco Gagnon, Executive Chairman.