This Week’s Market Buzz

• Emerge Energy Services, Fort Worth, Texas, said it is buying a small operation south of San Antonio to transform it into a much larger mine to serve the hydraulic fracturing needs of the oil sector. The mine, owned by Osburn Materials of San Antonio, produces sand for building materials, golf courses and baseball fields. Emerge is buying it for $20 million with plans to spend more to rapidly expand it for the oil and gas sector. Emerge borrowed $40 million to finance the acquisition and expansion, according to regulatory filings, said the San Antonio Express-News.

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Minnesota Sands Strikes Back Against Sand Ban

Minnesota Sands LLC has filed a lawsuit to challenge the Winona County, Minn., ban on the mining of sand for use in the energy industry. The ban was passed by the Winona County board of commissioners in November of 2016 and prohibits the mining, processing or trans-loading of frac sand in rural Winona County.

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Badger Mining Finishes Expansion Project

Badger Mining Corp. (BMC) recently completed work on a 4,500-ft. rail expansion project on rail siding near its Taylor, Wis., facilities, allowing the site to now hold up to three unit trains concurrently. For more than a decade, BMC’s three rail sidings have sat alongside the CN rail line in downtown Taylor, but until this project, could only hold approximately 70 railcars each. With the additional 1,500 ft. of rail on each siding, each track can now accommodate more than 100 railcars each. The additions reflect BMC’s continued focus on enhancing its distribution network.

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U.S. Silica Goes Up On the Roof

U.S. Silica Holdings Inc. has acquired a division of National Coatings Corp. that manufactures and distributes cool roof granules, a treated kaolin product used in industrial roofing systems that delivers superior solar reflectance and higher thermal emittance than standard designed roofing products. Cool roof systems reduce energy usage and enhance the durability of the roof as well.

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Select Sands Offers Update on Bell Farm Property

Select Sands Corp. has completed a National Instrument 43-101 resources calculation on its Bell Farm Property in Arkansas. The report dated April 4, 2017, was prepared by Elliott A Mallard, P.G. of Kleinfelder, Jacksonville, Fla. The NI 43-101 Inferred Mineral Resources are 49.6 million tons. A copy of the report will be filed under the company's profile on www.sedar.com.

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