Athabasca Announces Financing for Expansion of Frac Sand Operations

Athabasca Minerals Inc. announced that its joint venture partnership, AMI Silica LLC has finalized a non-dilutive financing for $2.7 million to support expansion initiatives at its Hixton, BC, Canada, frac sand operations. The corporation also announced that it has entered into an arms-length investor-relations agreement with Boardmarker Group, led by Dean Stuart.

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Athabasca Revenue Up 127% in Second Quarter

Athabasca Minerals Inc. announced results for the second-quarter ending June 30, and a strategic refocusing as part of the new emphasis on its core business and initiatives.  In the second quarter of 2022, Athabasca reported consolidated revenue of $7.5 million (compared to $3.2 million in the second quarter of 2021), a gain of 127%, driven mainly by increasing market demand for industrial…

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Athabasca Acquires Strategic Sand Assets

Athabasca Minerals Inc. entered into a definitive agreement for the acquisition of strategic sand assets located in the United States from an “independent, arms-length vendor,” according to the company. In support of the strategic acquisition, JMAC Resources Limited has agreed to purchase 7,375,000 AMI common shares at a price of $0.20 per share for gross proceeds of C$1,475,000 in a…

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