Victory Nickel Signs Transloading Agreement

Victory Nickel Inc. has signed an agreement with Seven Rivers Inter-Modal Terminal, LLC for the transloading from truck to rail of frac sand concentrate produced in Wisconsin for transport to, and final processing at, its Seven Persons frac sand plant near Medicine Hat, Alberta, Canada.

“The transload agreement represents the first of numerous contracts that are currently being finalized by Victory Nickel and its frac sand marketing subsidiary Victory Silica Ltd.,” said Rene Galipeau, vice-chairman and CEO of Victory Nickel. “We expect to be able to announce the completion of several more contracts and the achievement of numerous milestones over the next several weeks.”

Activities at the Seven Persons plant have focused on site remediation, preparation for the installation of upgrades to the frac sand plant, design and manufacturing of required infrastructure and equipment and the hiring of key management and operations personnel.

“Activities at the Seven Persons site are moving forward in preparation for the start of frac sand processing this year,” said Ken Murdock, VSL’s CEO. “Sales and marketing personnel are actively engaging potential customers in preparation for first frac sand sales and we are well down the road toward achieving our goal of producing frac sand in 2013.”

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