Athabasca Minerals Closes Wisconsin Acquisition

Athabasca Minerals Inc. closed the strategic acquisition of an operational U.S. sand mine and facilities in Wisconsin. The assets include real estate of 1,100 acres, a fully functional and staffed mine and processing plant capable of 2 million tpy of sand, fixed storage, rail transload with unit-train capability (i.e. loading/unloading 100 railcar shipments), mobile equipment and active supply chain contracts.

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This Week’s Market Buzz

• Following reports that Russian forces further invaded Ukraine, Intermediate (WTI) crude oil have increased to more than $100 per barrel (b). The front-month Brent contract price closed just below $115/b at press time. The Brent crude oil price last rose above $100/b in late 2014. The front-month WTI contract price closed above $110/b at press time, after previously settling…

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Court Orders Missouri Mine Owner to Let Inspectors Onsite

A federal district court judge issued an injunction to prevent a Missouri mine operator and its owner from stopping federal inspectors from completing workplace safety inspections now and in the future at the Partridge Sand & Gravel mine in Stone, Mo. The court action follows an incident at the mine on Aug. 17, 2021, when inspectors with the U.S. Department…

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Is The New Home Market Cooling?

I wrote recently about how the housing market continues to show strength, driven in part by buoyant builder sentiment, low inventories and high demand across all price points. That was back in the fall, and while all signs point to strong new home demand through this spring and summer, a new confluence of pressures could force a tamping down of…

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