New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (CA$526k sold). Market cap is less than US$100m (CA$77.5m market cap, or US$54.8m). Announcement • Jul 09
Arianne Phosphate Delivers Purified Phosphoric Acid Samples Arianne Phosphate Inc. announced that it has shipped samples of purified phosphoric acid (“PPA”) to potential customers for testing. The samples shipped were successfully produced at pilot scale (see Press Release dated June 18, 2026) by combining Arianne’s high-purity, low-contaminant phosphate concentrate with Travertine Technologies’ (the “Partnership”) proprietary process for producing PPA while allowing for the recapture of the sulphuric acid used in the process. Internal testing of the PPA produced met specifications required for the product’s use in various technical applications including LFP batteries. Following this milestone, samples have now been sent to potential customers for their assessment. These first samples of PPA were sent to companies covering three separate industries: a CAM (cathode active material) producer for ultimate use in LFP batteries, a diversified industrial chemicals producer that uses PPA for water treatment and pulp & paper applications and a specialized liquid fertilizer producer. The testing that will be performed is the first step in the qualification process required in securing commercial contracts for the product. By sending samples to companies in diverse industries, the Arianne-Travertine partnership can demonstrate its ability to address supply concerns that are affecting many businesses. Further, these companies are North American based and looking for Western-sourced materials. Concurrent with the testing of the PPA that will be occurring over the coming weeks, the Partnership will be advancing its work towards a demonstration plant (see Press Release dated April 21, 2026) that will be able to produce greater quantities of material for additional companies to work with. Ultimately, Arianne is looking to provide the West with the PPA it needs to meet growing demands and, can do so from geopolitically advantaged Canada. Announcement • Jun 23
Arianne Phosphate Inc., Annual General Meeting, Aug 27, 2026 Arianne Phosphate Inc., Annual General Meeting, Aug 27, 2026. 
