Victory Mountain Secures Frac Sand Permits

Victory Mountain Ventures Ltd. has entered into an option agreement, subject to the approval of the TSX Venture Exchange, whereby it may earn a 100 percent interest in eight Metallic and Industrial Minerals Permits totaling approximately 737 sq. km located west of Fort McKay, Alberta, Canada, in the Fort McMurray area of northeastern Alberta.

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La Ronge Purchases Assets of Private Producer

La Ronge Gold Corp. has entered into a letter of intent to acquire the assets and business of a private company producing frac sand in the Western Canada Sedimentary basin. The unnamed company currently sells into the Canadian frac sand market and has fixed sales contracts with various oil and gas service providers in Canada, according to La Ronge.

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This Week’s Market Buzz

The Wabasha, Wis., city council voted to extend its frac sand moratorium for another year in order to get more complete information on air quality, truck traffic and environmental concerns, according to the Winona Daily News. Although the frac sand moratorium was extended, a moratorium on truck traffic was not. The council at the same meeting allowed that moratorium to…

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