Development-stage phosphate mining company Arianne Phosphate will begin trading on the OTCQX market on Thursday, providing US-based investors easier access to investing in the company.
President and CEO Brian Ostroff said recent Western jurisdictions were showing increased interest in Arianne, which is developing the Lac a Paul deposit, in Quebec, Canada.
“The importance of our Lac a Paul phosphate deposit has grown significantly as recent unrest has highlighted security of supply concerns in a number of commodities,” he said.
Not only will the phosphate from Lac a Paul be used to aid in food production, but also for key battery materials. “We have seen recent American legislation providing for substantial financial benefits to companies sourcing battery materials from American and Canadian origin. The graduation to the OTCQX platform will provide easier access to investment in our company on the part of US-based investors looking to be involved in these growing trends,” said Ostroff.