“Over the last few months, Arianne has been focusing its actions on bringing together industry leaders and experts to successfully undertake the Lac-à-Paul project," said Jean-Sébastien David, Arianne’s COO. “These partnerships help to improve and optimise the project as a whole. The signing of this agreement with FLSmidth brings us another step toward its realisation.”

As with other recent agreements, partners selected come with both strong technical ability as well as the ability to assist Arianne in sourcing the necessary financing solutions. To this end, FLSmidth has introduced Arianne’s Lac-à-Paul project to the official Danish Export Credit Agency Eksport Kredit Fonden (EKF).

“The process of bringing Lac a Paul into development and unlocking the enormous economic value for our shareholders and stakeholders continues to move forward,” said Brian Ostroff the CEO of Arianne Phosphate. “This is not just Arianne alone anymore and, when taken in conjunction with other recent announcements that have involved major global players, one can see the interest by many in getting this project done.

“Rio Tinto, Hydro Quebec, Constructions Proco, ABB, SNC Lavalin, Cegertec and now FLSmidth have all signed agreements and momentum is clearly in place. Lastly, with the assistance of some of these groups to help us source workable financing solutions, the questions around our financing strategy have gone a long way towards being answered.”