Arianne Phosphate Secures $1.4M Grant for LFP Battery Development

Arianne Phosphate ( (TSE:DAN) ) just unveiled an update.

Arianne Phosphate has announced a partnership that has received a $1.4 million grant from the Consortium de recherche et d’innovation en transformation métallique to develop a process for producing high-purity iron for LFP battery cathodes. This initiative is part of a broader effort to establish a complete battery ecosystem in the West, reducing reliance on Chinese manufacturing. Arianne’s involvement in this project, alongside its development of a downstream facility for purified phosphoric acid, positions the company as a key player in securing critical mineral supply chains.

More about Arianne Phosphate

Arianne Phosphate Inc. is a development-stage phosphate mining company focused on advancing the Lac à Paul phosphate deposits in Quebec, Canada. The company aims to produce high-quality igneous apatite concentrate and plays a significant role in the critical mineral space, particularly in the context of the growing lithium-iron-phosphate (LFP) battery market.

YTD Price Performance: -8.00%

Average Trading Volume: 155,406

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $18.27M

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