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By Faith Ashmore, Benzinga
In 2021, there were a totalof 16.5 million Electric Vehicles (EVs) on the road globally . The global EV market is expected to expand to more than 350 millionvehicles by 2030. Consumer demand, as well as governments looking todecrease their carbon footprint, are responsible for the increase inglobal EV production.
And when it comes to EV production, batteries are one of themost expensive and important parts of manufacturing. According to arecent research report by Wood Mackenzie Power & Renewables,lithium iron phosphate (LFP) is on course to be the leadingbattery chemistry for EVs by 2028 , replacing their cobalt andnickel-based lithium-ion predecessor.
Part of the shift from nickel and cobalt tophosphate is due toincreasing nickel and cobalt prices . Nickel-based batteriesalso have been shown to have shorter lifespans when compared tophosphate-based batteries. Because of this, c ompanieslike Tesla, Ford, Rivian and Volkswagen have decided to switchto LFP batteries for all of their standard-range vehicles in NorthAmerica.
However, currently, the bulkof the supply for LFP batteries comes from China and asWestern carmakers look to decrease dependency on Chinese suppliers,they are looking for reliable companies to fill the gap. The firstlarge-scale factories for lithium iron phosphate in North America arenow being planned, and demand is expected to outstrip supply for thenext few years — but one company is ahead of the curve in alreadyhaving the necessary permits and resources for mining years ahead ofothers.
Arianne Phosphate Might Be Years Ahead Of CompetitorsAnd Ready To Meet North American Phosphate Demand
Arianne PhosphateInc. (OTC: DRRSF) could be a promising phosphate mining companythat has access to high-quality igneous deposits and can respond tothe growing global demand for phosphate.
Arianne Phosphate says its Lac à Paul projectin Quebec is a very rare project that is laying the groundwork forbecoming an invaluable supplier to North American and Europeancompanies. First, the deposit is igneous and can produce a phosphateconcentrate purer than most of the world’s phosphate, most of whichis housed in sedimentary rock. Second, the Canada-based companyadheres to stricter environmental, social and corporate standardsaligning with North American and European agendas.
The Lac à Paul projecthas access to world-class infrastructure and is fully permitted.Arianne Phosphate is entering the market at what could be a perfecttime as Americanpolicymakers are eager to depart from over-dependence on foreignsuppliers . The company is ahead of the curve when compared tocompetitors because of its existing permits and resources.
“The industry isstarting to recognize the importance of sourcing all critical mineralsrequired in the production of batteries, not just lithium,” saidBrian Ostroff, President of Arianne . “I believe it is just amatter of time before we see a rush into phosphate similar to what wehave seen in other critical materials. Arianne is one of the fewcompanies that have already gone through the process to qualify itsmaterial for use in the LFP; a process that takes considerable timeand money. Further, the Company’s Lac à Paul project is fullypermitted, shovel-ready and in a jurisdiction that stands to benefitgreatly from various government initiatives to secure criticalmaterials from a safe, secure region. The world will certainly requiremore phosphate, Arianne is first-up to be able to provide for thisgrowth.”
IfNorth American carmakers are looking to meet global as well as localEV demand and transition to LFP batteries, having access to a reliableand regional supply chain is essential to continued success. AriannePhosphate seems to be well-positioned to fill supply chain needs andbe a major asset to the EV market.
This article originally appeared on Benzinga here .
ARIANNEPHOSPHATE INC. ( www.arianne-inc.com )owns the Lac à Paul phosphate deposit in Quebec, Canada. Fullypermitted and shovel ready, the asset is among the world’s largestgreenfield deposits, capable of producing an environmentally friendlyphosphate concentrate. Due to the nature of its high-purity,low-contaminant product, Arianne’s phosphate can be used to producefertilizer as well as meeting the technical requirements of specialtyapplications such as the lithium-iron-phosphate (LFP) battery. The Lacà Paul deposit is rare due to its geographic location and geologicalstructure. Arianne Phosphate is listed on both the TSX-V: DAN and the OTCQX: DRRSF .
This post contains sponsoredadvertising content. This content is for informational purposes onlyand is not intended to be investing advice.
Thisinformation contains forward looking statements. All statements, otherthan statements of historical fact, included herein, including withoutlimitation, statements regarding potential mineralisation andreserves, exploration results and future plans and objectives ofArianne Phosphate Inc, are forward-looking statements that involvevarious risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from Arianne Phosphate Inc’s (“AriannePhosphate” or the “Company”) expectations are disclosed underthe heading "Risk Factors" and elsewhere in Arianne PhosphateInc’s documents filed from time-to-time with the TSX Venture andother regulatory authorities.
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Brian Ostroff, President
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