Arianne Phosphate, the development-stage phosphate mining company advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, announced on Jan. 24 that it has named Andrew Malashewsky as its new Chief Financial Officer. Malashewsky will replace James Cowley, who has served as Arianne’s interim CFO.
Malashewsky is a chartered professional accountant and began his career with Grant Thorton LLP before joining JDS Energy & Mining Inc. During his time at JDS, Malashewsky was active in assisting several of their portfolio companies through project financing, and was part of the team that completed the sale of JDS Silver to Coeur Mining.
“Andrew is a welcomed addition to the senior management team,” said Brian Ostroff, CEO of Arianne. “Given Andrew’s experience in successfully completing several project financings and M&A transactions, he is a perfect fit for where Arianne is now. Andrew will be working closely with myself, our advisors, and potential offtake and strategic partners to help advance our Lac à Paul project into development.”
In conjunction with the appointment, Arianne said Malashewsky has been granted 100,000 stock options. Each option entitles the holder to purchase one common share of the company until Jan. 23, 2029, at a price of $0.4325 per share, or the closing price of the company’s shares on the trading day preceding the date of grant. The options are subject to a vesting period and are also subject to regulatory approval.