Athabasca Minerals Inc. has entered into a definitive arrangement agreement with JMAC Energy Services LLC in which JMAC has agreed to acquire all of the issued and outstanding common shares of Athabasca, other than Athabasca shares already owned or controlled by JMAC, or persons or entities related to JMAC for cash consideration of $0.145 per Athabasca Share. The proposed transaction…
Read MoreTag: Athabasca Minerals Inc.
Athabasca Minerals Announces Financial Results
Athabasca Minerals Inc. announced its second-quarter financial statements for the second-quarter ending June 30. The company: Signed multi-year transload agreement for the delivery of silica sand into the Grande Prairie, Alberta, Canada, region. Signed an 18-month sand supply agreement with a leading North American oilfield services firm for a total minimum commitment of 360,000 tons, subject to pricing adjustments. Closed…
Read MoreAthabasca Revenue Spikes 185%
Athabasca Minerals Inc. announced 2022 year-end financial results and fourth-quarter 2022 financial results. The company is reporting: Gross revenue of $34,579,732 for the fiscal year ended Dec. 31, 2022, versus gross revenue of $12,129,249 for the period ended Dec. 31, 2021, an increase of 185%. Net income of $12,167,346 for the fiscal period ending Dec. 31, 2022, versus net loss of $2,187,088 for…
Read MoreAthabasca 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…
Read MoreAthabasca 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…
Read MoreAthabasca Makes Organizational Changes
Athabasca Minerals Inc. announced the following organizational changes:
Read More