Victory Nickel Inc. reported financial results for the year ended Dec. 31, 2014. Effective Oct. 1, 2014, the company changed its functional currency and presentation currency to the United States dollar from the Canadian dollar.
Read MoreCategory: Frac Sand
Athabasca Touts Firebag in Annual Report
Athabasca Minerals Inc. announced its financial results for the fourth quarter and 13 months ended Dec. 31, 2014. The company focused part of its report on its Firebag Silica Sand Project development. The company reported:
Read MoreRailroads Feel Pinch from Oil Prices
North American railroad companies have faced accelerating slowdowns, with volumes falling faster than executives had predicted, according to report on Bloomburg Business. With energy companies scaling back drilling after prices for the commodity fell about 50 percent since July, industry executives and analysts anticipated that demand for hauling crude and extraction materials such as frac sand and pipes would slow…
Read MoreSibelco, Unimin Join Forces for Venture
Sibelco announced the formation of Unimin Energy Solutions, a global commercial division, designed to serve the worldwide energy services industry. The new organization will unify Sibelco’s Energy mineral portfolio and global footprint under a single, energy solutions umbrella.
Read MoreFairmont Santrol Reports Strong Quarter, Year
Fairmount Santrol announced results for the fourth quarter and full year ended Dec. 31, 2014. For the fourth quarter, net income was $37.9 million, or $0.23 per diluted share, compared with net income of $10.7 million, or $0.06 per diluted share, for the same period a year ago. Adjusted earnings per diluted share were $0.24, an increase of 118 percent…
Read MoreVictory Nickel Deposit Exceeds API Specs
Victory Nickel Inc. announced very positive analytical results from sand samples obtained from drill holes on the Bear Coulee frac sand property located in Trempeleau County, Wis. Testing shows that the 10.9-million-ton NI 43-101 Northern White frac sand resource exceeds American Petroleum Institute (API) specs and that, on average, an exceptional 43 percent of the resource will report to the…
Read MoreNews Fracking Laws Challenged by Industry
Following a process that included more than 1.5 million public comments, Secretary of the Interior Sally Jewell released final standards that she said will support “safe and responsible hydraulic fracturing on public and American Indian lands.”
Read MoreThis Week’s Market Buzz
The Wisconsin Department of Natural Resources is inviting the public to provide input on the agency’s most recent effort to assess the latest scientific, natural resource and socio-economic information relating to industrial sand mining and its infrastructure. “The department is conducting a strategic analysis on industrial sand mining in order to provide quality, factual information to the public and decision makers,”…
Read MoreThis Week’s Market Buzz
The Chippewa County, Wis., board gave a nod of approval for a frac sand processing plant and rail facility, according to WQOW TV. The board unanimously approved re-zoning a piece of land in the Town of Bloomer to be used as a dry plant for White Haven Sands. The plant will be located on a nearly 100-acre parcel of land…
Read MoreVictory Silica Reports Fourth Quarter Results
Victory Nickel Inc. detailed new developments for its 100-percent-owned subsidiary, Victory Silica Ltd. Fourth quarter frac sand production was 47,515 tons, an increase of 21 percent over third quarter 2014 production, though still short of the potential of the company’s Seven Persons facility (7P) near Medicine Hat, Alberta, Canada, estimated at 114,384 tons for the quarter.
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