Arianne Phosphate ($DAN) just improved its economics in a big way
Looked into DAN since their april update and this one actually feels bigger than it looked at first. They reported new test work showing about 80% of their phosphoric acid can be upgraded into PPA (the high quality “white acid”) vs older estimates closer to like 65%, doesn’t sound insane but that shift actually matters a lot as phosphate ends up as different products and PPA is the premium one used in stuff like EV batteries (LFP) and food additives. The more of that you can produce vs lower grade fertilizer acid the better your margins get so going from 65% → 80% is kind of a big deal because it means more high margin product from the same rock. You’re not mining more, just selling better stuff.
PPA is also a mandatory input for EV batteries. China currently controls over 95% of LFP production and arianne is positioning itself as the most viable, large-scale Western alternative. Phosphate was recently added to the Critical Minerals lists of Canada and the United States (late 2025). Being located in a stable jurisdiction like Quebec removes the "sovereign risk" associated with other major producers (like Morocco or China) and makes the project eligible for government support and strategic partnerships. Arianne owns the only fully permitted greenfield phosphate mine in the West which makes them really unique.