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This Week’s Market Buzz

  • Two challengers out-polled incumbent Trempealeau County, Wis., supervisor Tom Bice in a recent primary election, leaving the frac sand mining proponent off the April general election ballot. Jon Schultz and Daryl Kramer received 61 and 55 votes, respectively, according to the LaCrosse Tribune. Bice, the District 5 supervisor since 2010 and former chairman of the Environment and Land Use Committee, received 46 votes. Schultz and Kramer both support Trempealeau County’s moratorium on new frac sand mining permits.

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This Week’s Market Buzz

  • In his State of the Union Address, President Obama spoke about the importance of natural gas as an energy source. “One of the reasons why is natural gas – if extracted safely, [is] the bridge fuel that can power our economy with less of the carbon pollution that causes climate change. Businesses plan to invest almost $100 billion in new factories that use natural gas. I’ll cut red tape to help states get those factories built, and this Congress can help by putting people to work building fueling stations that shift more cars and trucks from foreign oil to American natural gas. My administration will keep working with the industry to sustain production and job growth while strengthening protection of our air, our water, and our communities.”

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This Week’s Market Buzz

  • Victory Nickel Inc. finalized its supply contract for washed concentrated sand to be delivered for finish processing at its new Seven Persons frac sand plant (the 7P Plant) near Medicine Hat, Alberta. The completion of this agreement ensures the availability of the highest quality Jordan formation sand from Wisconsin and also provides Victory Nickel with the opportunity to participate in a joint venture on several properties in Wisconsin and Minnesota guaranteeing it a long-term supply of sand, the company said.

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This Week’s Market Buzz

  • According to the Winona Daily News, a public hearing on a Glacier Sands application to create a 350-acre industrial zone in the town of Milton, Minn., will be held Feb. 13 before the Buffalo County Land Resources/Zoning Committee. Glacier Sands seeks to rezone agricultural land to industrial use as first step in a larger plan to seek permits for building a railway trans-loading facility for shipping frac sand and grain. The proposed operation is similar to a 2012 project Glacier Sands sought permitting for in the same location, which was denied.

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This Week’s Market Buzz

  • Toronto, Canada-based Claim Post Resources closed a second level of financing that will be used to: 1) carry out a minimum 1,000-meter drilling program towards completing a resource estimation of the Seymourville Frac Sand Project in accordance with NI 43-101 standards; 2) to complete a preliminary economic assessment on the project, which will allow the company to test the market for forward-selling frac sand; and 3) for general working capital purposes. Also, Claim Post Resources Director Julian Kemp decided not to run for re-election at the annual meeting. Management thanked him for his sage advice and timely decision making. He has been instrumental to the success of Claim Post and has been a director since 2006.

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