Stocks in play: Arianne Phosphate

Has received an updated engineering study regarding the projected capital expenditure for its Lac à Paul phosphate project. The study was undertaken in late 2022 and early 2023 and estimates CapEx for the Lac à Paul project to be approximately US $1.55 billion, based on a $1.35 US/CAD exchange rate. The CapEx estimate also includes required infrastructure upgrades, including a hydroelectric transmission line from dam to site and, a ship-loading facility on the north shore of the Saguenay River. Arianne Phosphate shares V.DAN are trading unchanged at $0.46.

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