This Week’s Market Buzz

Victory Nickel Inc. announced that it has sold its interest in a partnership created to trade in commodities for Canadian $430,766 less fees and costs of approximately $73,000. “This sale will provide some working capital while the oil and gas price recovers and drilling and the related consumption of frac sand returns,” said Rene Galipeau, CEO. “As mentioned in our…

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This Week’s Market Buzz

The Winona, Minn., city council decided against requiring air-quality monitoring at frac sand facilities in the city, according to the Winona Post. Instead of requiring monitoring equipment, city leaders decided to focus on creating new dust management rules – requirements that loading facilities be enclosed, for example – and on better enforcement of the rules the city already has. Citizen…

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Victory Nickel Frac Sand Sales Decrease

Victory Nickel Inc. announced that frac sand sales during the first quarter of 2015 have been slower than anticipated. Sales decreased monthly from January to March and, as a result of current market conditions the company has temporarily suspended production at its Seven Persons, Alberta, Canada, frac sand plant (7P). The 7P Plant was just entering its full production stage…

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