Athabasca Minerals Creates Two Wholly Owned Subsidiaries

Athabasca Minerals announced the creation of two wholly owned subsidiaries: AMI Silica Inc. and Aggregates Marketing Inc.

AMI Silica seeks to develop its 100-percent owned Firebag Frac Sand Project located north of Fort McMurray. In addition to the Firebag Project, AMI Silica has entered into a letter of intent with a private landowner in the Mayerthorpe, Alberta, Canada, region for the development of a storage and distribution hub.

Aggregates Marketing Inc. brings together integrated market solutions for the aggregates and frac sand industry. Aggregates Marketing is meant to be a one-stop shop to help customers simplify their sourcing of aggregates across multiple supply sources and multiple trucking companies, which provides the customer with the best price combination.

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Athabasca’s activities include contracts works, aggregate pit management, aggregate production and sales from corporate-owned pits, new aggregate development and acquisitions of sand and gravel operations. The corporation also has industrial mineral land holdings for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

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