Athabasca Announces Financing for Expansion of Frac Sand Operations

Athabasca Minerals Inc. announced that its joint venture partnership, AMI Silica LLC has finalized a non-dilutive financing for $2.7 million to support expansion initiatives at its Hixton, BC, Canada, frac sand operations. The corporation also announced that it has entered into an arms-length investor-relations agreement with Boardmarker Group, led by Dean Stuart.

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Performance Proppants Plant on Schedule for December

Performance Proppants is in the final stages of constructing its Sunny Point facility in Louisiana, which is a joint partnership between the company and Caddo-Bossier Port. The plant is on a large privately owned 700-acre oxbow lake off the Red River that contains 45 million tons of frac sand reserves.

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Covia to Expand a Specialty Product Line in Arkansas

Covia announced that it will be expanding the manufacturing capability of its Luminex branded product line to serve increasing customer demand. Luminex, an ultra-white filler, is used in the production of engineered stone countertops for consumer use in kitchens and bathrooms, while also serving retail and industrial hard surface applications.

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This Week’s Market Buzz

• Oil prices are still headed to $150 a barrel as supply growth continues to lag, according to JPMorgan energy strategist Christyan Malek. Brent crude oil rose 1% to about $94 a barrel at press time but is well off its earlier high of more than $130 a barrel in March. While some analysts have cut their oil price outlooks,…

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