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    DAN   CA04035D1024

ARIANNE PHOSPHATE INC.

(DAN)
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Arianne Phosphate Inc. Signs an Agreement in Principle with the Port of Saguenay for the Construction and Use of A North Shore Facility

04/15/2021 | 07:00am EDT

Arianne Phosphate Inc. announced that it has reached an agreement in principle with the Port of Saguenay 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. Currently, the Port of Saguenay operates its facilities on the south shore of the Saguenay River and is a main commercial hub in the region, shipping and receiving a variety of goods year-round. As part of the Agreement, Arianne will sell to the Port a parcel of land on the north shore thus, allowing for construction of a loading facility that allows for easy access and serves as gateway to international commercial centers.


© S&P Capital IQ 2021
All news about ARIANNE PHOSPHATE INC.
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08/26Arianne Phosphate Inc. Reports Earnings Results for the Second Quarter Ended ..
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More news
Financials (USD)
Sales 2020 - - -
Net income 2020 -5,91 M -4,63 M -4,63 M
Net Debt 2020 36,0 M 28,2 M 28,2 M
P/E ratio 2020 -3,81x
Yield 2020 -
Capitalization 63,0 M 49,4 M 49,3 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 83,5%
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Income Statement Evolution
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Sell
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,27 $
Average target price 1,20 $
Spread / Average Target 351%
Managers and Directors
Jeffrey Howitt Beck Chief Executive Officer & Director
Brian Richard Ostroff President
Pier-Elise Hebert-Tremblay Chief Financial Officer
Dominique Bouchard Executive Chairman
Marco Gagnon Independent Director
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