Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced that Arianne Phosphate Inc. has been conditionally approved for an investment of up to $735,000 through the Critical Minerals Research, Development and Demonstration (CMRDD) program. This funding is part of an $80.3-million investment announcedby Prime Minister Carney on the margins of the 2025 G7 Leaders' Summit to build reliable critical minerals supply chains in Canada.
This investment will support Arianne Phosphate Inc.'s work to process phosphate rock from its Lac à Paul deposit and optimize the phosphoric acid purification process. If commercialized, this project could establish a source of Canadian phosphorus, a key ingredient in lithium-iron-phosphate batteries. Phosphoric acid is also essential for fertilizers and other specialty products.
Critical minerals, including phosphorus, are the essential building blocks for the technologies necessary to the global economic and industrial transition. By investing in a resilient and sustainable Canadian mining and mineral processing sector, the Government of Canada is creating Canadian jobs, securing Canadian sovereignty and seizing the opportunity of the clean energy transition.
