Arianne Phosphate (TSE:DAN) has released an update.
Arianne Phosphate has revealed promising outcomes from its prefeasibility study on a proposed purified phosphoric acid (PPA) plant in Quebec, which could become the largest producer outside of China with an annual output of 350,000 tonnes. The plant anticipates a significant market demand, particularly for lithium-iron-phosphate batteries, and showcases strong economic potential with a pre-tax net present value (NPV) of US$4.5 billion, an internal rate of return (IRR) of 32%, and a payback period of three years.
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