Arianne Phosphate Inc. announced that it has received the detailed report on tests confirming the use of the Company's high-purity phosphate concentrate in the production of lithium-iron-phosphate ("LFP") batteries. he report extensively details the full process of converting Arianne's phosphate concentrate into acid, reviewed various methods of doing so, optimized performance/recoveries and provided full specifications. Aside from the reports, Arianne also received samples of the purified phosphoric acid made from its phosphate concentrate and produced through the process.

Both reports and samples are currently being made available to companies interested in having access to Arianne's phosphate concentrate or, products made from it. Due to the inherent technical, economic and safety benefits of the LFP battery, adoption rates have been rapidly increasing. Many leading automobile companies such as Tesla, Ford and Volkswagen are pursuing these batteries for use in their cars and driving demand for the critical materials required for their production.

As well, use of the LFP in energy storage systems is also driving demand and will represent a significant market. In looking at independent research, annual demand growth for phosphate concentrate can triple by 2030 from its current annual rate of 2% and, will drive the requirement to construct new facilities to produce the necessary phosphoric acid. Understanding the potential of this market, Arianne has done extensive work with Prayon on the ability to build and/or partner with those interested in constructing a new Merchant Grade Acid production facility, as a first step.

In that capacity, Arianne completed a pre-feasibility study with Prayon several years ago and, given the demand for purified phosphoric acid, the Company continues to look at opportunities to expand further downstream and be a producer for the LFP market.