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Arianne Phosphate Inc. (DAN.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.5100-0.0300 (-5.56%)
At close: 3:51PM EDT
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Previous Close0.5400
Open0.5200
Bid0.5100 x N/A
Ask0.5200 x N/A
Day's Range0.5100 - 0.5300
52 Week Range0.1300 - 0.5600
Volume139,848
Avg. Volume141,839
Market Cap88.411M
Beta (5Y Monthly)1.12
PE Ratio (TTM)N/A
EPS (TTM)-0.0500
Earnings DateMar. 29, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.40
  • Arianne Phosphate Signs an Agreement in Principle With the Port of Saguenay for the Construction and use of a North Shore Facility
    CNW Group

    Arianne Phosphate Signs an Agreement in Principle With the Port of Saguenay for the Construction and use of a North Shore Facility

    Arianne Phosphate (the "Company" or "Arianne") (TSXV: DAN) (OTC: DRRSF) (FSE: 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 that it has reached an agreement in principle with the Port of Saguenay (the "Port") regarding the future site of a maritime loading facility on the north shore of the Saguenay River. This Agreement will allow for both the Company and the Port to finalize details surrounding the costs, construction and operations of the facility from which, Arianne will be shipping its phosphate concentrate globally. The final agreement will cover the use of the facility for an initial period of 30 years, thereafter renewable twice for periods of 10 years.

  • Technological Innovation and Artificial Intelligence Will Provide for Increased Operational Safety at the Arianne Phosphate Project
    CNW Group

    Technological Innovation and Artificial Intelligence Will Provide for Increased Operational Safety at the Arianne Phosphate Project

    Arianne Phosphate (the "Company" or "Arianne") (TSXV: 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 significant advancements in the design of its future tailings facility. Arianne partnered with the Quebec Center of Geomatics (CGQ), to advance research and development on a new method for the design and future monitoring of the Company's tailings operations. This work will use geomatic and remote sensing tools combined with artificial intelligence that should greatly improve the safety aspects of Arianne's operations.

  • Arianne Phosphate Closes on Agreement to Reduce Debt and Extend Credit Facility
    CNW Group

    Arianne Phosphate Closes on Agreement to Reduce Debt and Extend Credit Facility

    Arianne Phosphate (the "Company" or "Arianne") (TSXV: 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 that it has closed its previously announced (see Press Release dated March 18, 2021) agreement whereby its senior secured lender, Mercury Financing Corp. ("Mercury" or the "Lender"), had agreed to exercise its 26,780,000 warrants, reducing the amount owed under the credit facility to $24.9M (the "Loan"). The Lender also agreed to extend the Loan under the credit facility for a period of 5 years and reduce the annual interest rate to 8%. In conjunction with the amended credit facility, the Lender has received 32 million non-transferable share purchase warrants, exercisable at a price of $0.33 per share, good for a period of 5 years. These warrants are subject to a "warrant blocker" provision whereby the Lender shall not be entitled to exercise warrants resulting in the Lender holding more than 19.9% of the issued and outstanding shares of the Company. As well, Arianne has also closed on its agreements with subordinated unsecured debt holders in the amount of $5,970,155 (see Press Release dated March 18, 2021) whereby these debt holders agreed to convert of their debt into 21,709,655 common shares of the Company and, have 11,028,584 existing warrants originally tied to the subordinated debt cancelled. The securities issued in conjunction with both agreements are subject to a hold period ending August 1, 2021.