SAGUENAY, QUEBEC – (February 16 , 2017) – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN; OTC: DRRSF; FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, is pleased to announce the signing of a memorandum of understanding (‘’MOU’’) with Constructions Proco Inc. (“Proco”). The agreement will cover structural and architectural engineering, steel fabrication and construction of the mill process and utilities buildings and, on-site stock pile storage.
“Our Lac à Paul project stands to greatly benefit from Proco’s experience, a company from the Saguenay-Lac-Saint-Jean region. This selection fits into Arianne’s commitment to advance the project towards development while maximizing the local economic benefits,” said Jean-Sébastien David, Arianne’s Chief Operating Officer. “Over the past many months, Arianne has been working with potential suppliers for key aspects of the project to provide the necessary technical, engineering and construction services required to develop the Lac à Paul project. The agreement with Proco fits directly into this plan as they are a recognized leader in Canada for the construction of major industrial and mining facilities.”
“We acknowledge that many projects faced undue challenges as a result of not having fully addressed the important aspects before the beginning of construction,” noted Brian Ostroff, CEO of Arianne. “Our last few months have been all about answering the questions and moving the project from shovel-ready to shovel-ready with cost and scheduling certainty. This has allowed us to work with specialists in various aspects of the project and put together a very comprehensive plan. We believe that this strategy is not lost on potential partners and financiers.”
“We are pleased to have concluded an agreement with Arianne on the Lac à Paul project, a major global phosphate development” said Jean-Denis Toupin, General Manager, Proco. “We look forward to providing a “One Source” approach for the design, fabrication and construction of a complete structural and architectural package for the mill process building. After a considerable review of the project and its needs, we believe our expertise in modular structural design will aid in the successful delivery of the project on time and on budget.”
About Constructions Proco Inc.
Constructions Proco Inc. operates in the industrial, commercial construction, bridges and steel structures. The company counts itself as one of North America’s leader in these industries.