This Week’s Market Buzz


• According to the Winona Post, the Land Stewardship Project (LSP) made a move to join the legal battle over Winona County’s frac sand ban. Attorneys for LSP filed a motion to intervene in a lawsuit challenging the county’s ban on mining sand for industrial purposes. If the motion is granted, LSP “will defend the lawsuit shoulder-to-shoulder with the county,” LSP attorney Ed Walsh stated. Potentially, LSP could also block the county from reaching a settlement that weakens or dismantles the ban, according to Walsh.

• According to CBC News in Canada, the indigenous Tlicho government wants to stop a controversial exploration project set to take place this summer on the North Arm of Great Slave Lake in Canada’s Northwest Territories. Explor, a Calgary-based seismic data company, plans to revive old claims and explore for silica sand. The area is about 50 km west of Yellowknife and is the same place where Husky Oil withdrew plans to drill for silica back in 2015. The Tlicho said they have consistently been against all exploration and development in Dinàgà Wek'èhodì, where Whitebeach Point is located.

• Select Sands Corp. wishes to advise that the company's management is unaware of any material change in the company's operations that would account for the recent decline in the company's stock price. It should be noted that the entire frac sand group of companies have been under pricing pressure, and Select Sands is in line with this sector move. The company will take this opportunity to advise that as a result of recent heavy rains in Arkansas that there has been some flooding at the some of the company's facilities in recent days. Although it is anticipated that this flooding will have some short-term impacts on production, it is not expected that such impact will have a material impact on the company's 2017 financial results.