This Week’s Market Buzz

  • North America Frac Sand Inc. announced the appointment of Green Engineering Ltd. to complete a NI 43-101 report on North America Frac Sand (CA) Ltd.’s 30,000 acres of mineral leases located 30 kilometers west of Saskatoon, Saskatchewan, Canada. The company earlier announced a Share Purchase Agreement with Canadian Sandtech Inc. and is expected to conclude the acquisition of North America Frac Sand (CA) Ltd. by Feb. 29, 2016.

  • Gale Klappa, chairman and CEO of the Milwaukee-based company WEC Energy Group, said that “while the frac sand industry has declined along with the big drop in oil prices, we still have an opportunity to grow in the longer term and the medium term in terms of our natural gas distribution service to that industry in the western part of the state.”
  • Residents in Wisconsin’s Jackson County are suing to stop the development of two frac sand mining operations. The cases are the first of their kind in the state. A group of 20 landowners neighboring two proposed frac sand mines in the Town of Alma and village of Hixton want a judge to declare the projects private nuisances.


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