Arianne Phosphate, Saguenay, Quebec, a development-stage phosphate mining company advancing its Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, announced on Sept. 21 that the company’s shares have been qualified to trade on the OTCQX® Market. Arianne’s shares were to begin trading on the OTCQX on Sept. 22, 2022, maintaining its current US trading symbol “DRRSF.”
“The importance of our Lac à Paul phosphate deposit has grown significantly as recent unrest has highlighted security of supply concerns in a number of commodities,” said Brian Ostroff, Arianne President. “The fact that our phosphate can be used to aid in food production as well as allowing for access to a key battery material from a safe, Western jurisdiction has increased interest in Arianne on the part of many investors.
“Furthering this, we have seen recent American legislation providing for substantial financial benefits to companies sourcing battery materials from American and Canadian origin” he continued. “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.”