Athabasca Minerals Inc. announced its second-quarter financial statements for the second-quarter ending June 30. The company: Signed multi-year transload agreement for the delivery of silica sand into the Grande Prairie, Alberta, Canada, region. Signed an 18-month sand supply agreement with a leading North American oilfield services firm for a total minimum commitment of 360,000 tons, subject to pricing adjustments. Closed…
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Athabasca Divests Five Surface Mineral Leases
Athabasca Minerals Inc. announced that it has executed and closed a definitive sale agreement with an “independent, arm’s length purchaser” to divest certain non-core assets within the aggregates division for total cash consideration of C$3.2 million, before normal closing adjustments. The sale agreement had a closing date of June 27, 2023, and no finder’s fees are associated with the transaction. The…
Read MoreAthabasca Minerals Announces Sand Supply, Strategic Transload Agreements
Athabasca Minerals Inc.’s subsidiary AMI Silica LLC (AMIS) has signed a multi-year transload agreement for the delivery of its silica sand into the Grande Prairie, Alberta, Canada, region.
Read MoreProppants: Are You Getting What You Pay For?
By Penny Aschenbrenner Q: What do oil companies and sand mines have in common?A: Proppants and profits. The following information describes the crippling inefficiencies of proppant quality control and how it affects the bottom line for sand mines and oil producers. We’ve come a long way since 1866 when the first “exploding torpedo” was used downhole to fracture shale. That…
Read MoreCanadian Premium Sand Switches Business Strategy
Canadian Premium Sand Inc. (CPS) announced a shift in the direction of its business strategy to focus on developing its Wanipigow silica sand deposit into a sustainable float glass manufacturing and coating facility.
Read MoreAlberta Legislation Would Redefine Minerals and Pits
The Alberta, Canada, government has proposed legislation that would redefine “minerals” and “pits,” allowing about 500 sand projects to proceed without having to submit environmental impact assessments, according to the Edmonton Journal.
Read MoreSelect Sands Updates Business Plan Amid COVID-19
Select Sands Corp. announced a business update in response to the global COVID-19 pandemic. In order to combat the spread of COVID-19 governments worldwide have enacted emergency measures including travel bans, legally enforced or self-imposed quarantine periods, social distancing and business and organization closures. These measures have caused material disruptions to businesses, governments and other organizations resulting in an economic…
Read MoreFrac Sand Market Projected to Expand
According to the study “World Industrial Silica Sand Market” by the Freedonia Group, although the hydraulic fracturing industry has struggled for the past year or so, it will remain the fastest growing market for silica sand on a global basis through 2020. Given silica sand’s importance in industrial applications, however, there are other stories about the mineral that are worth…
Read MoreReport: North American Silica Sand Demand Will Increase
Silica sand demand in North America is forecast to expand 5.1 percent per year through 2020 to 82.8 million metric tons, according to World Industrial Silica Sand, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Read MoreBMC to Construct New Transload Facility in Texas
A plot of land just south of Pecos, Texas, will become home to the newest transload facility for Badger Mining Corp. (BMC) in the coming months. Sitting on the Pecos Valley Southern Railway, which connects to the Union Pacific in Pecos, the nearly 300-acre site will accommodate 120 railcar spots after Phase I of construction is complete in early 2017.
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