Arianne Phosphate enhances key management positions

Marco Gagnon has served as Arianne’s Director and Chairman of the Board since 2011 and 2023 respectively. Gagnon’s move to Executive Chairman will increase his involvement in key activities with the company’s management team which is relatively small and is currently being pushed towards capacity as it moves its Lac à Paul project towards development. Gagnon, a 30-year senior mining professional with large and small mining companies, founded Adventure Gold in 2007 (subsequently sold to Probe Gold in 2016) and currently serves as a Technical Advisor to Probe Gold Inc.

“I am excited to take on my new responsibilities and very pleased to work with the team in place in advancing Arianne’s Lac à Paul phosphate project. The release of our prefeasibility report in June 2024 regarding a downstream purified phosphoric acid plant has generated a significant increase in discussions regarding our project. Today it is all about getting the project into development. We have been very active in our conversations with potential partners to help us do so and Arianne’s repositioning of the company’s management is being done to focus on this endeavour. Being successful will unlock tremendous value to our stakeholders and shareholders and provide the West with this much needed commodity.” Said Gagnon.

Phosphate historically has been understood as an agricultural commodity necessary for fertilizers. Currently North America, along with most other jurisdictions are reliant on phosphate imports sourced from the Middle East and North Africa. Both Russia and China are also active in phosphate production. There is no substitute for phosphate and without its use, farm yields would be unable to support food requirements. Demand for phosphate has grown at roughly 2% annually.

Read the article online at: https://www.worldfertilizer.com/phosphates/16092025/arianne-phosphate-enhances-key-management-positions/