04:07 PM EDT, 06/25/2025 (MT Newswires) -- Arianne Phosphate ( DRRSF ) , a development-stage phosphate mining company advancing the Lac a Paul project in Quebec's Saguenay-Lac-Saint-Jean region, on Wednesday said it is one of several companies to receive grants totaling over $750,000 from the provincial government for projects in the "circular economy of critical and strategic minerals."

According to a company statement, as part of these grants, Arianne, along with two other companies, received funding to participate in a project aimed at strengthening the supply chain for local integration of the Lithium-Iron-Phosphate (LFP) sector in Quebec. For Arianne, the objective is to reduce the environmental impact and production costs associated with the optimization of inputs and processes association with lithium-iron-phosphate production using purified phosphoric acid.

In 2024, both the Quebec and Canadian governments added the phosphate-bearing mineral apatite to their respective critical mineral lists

The company's shares closed down $0.01 to $0.15 on the TSX Venture Exchange.