Athabasca Minerals Inc., together with its subsidiaries, has entered into a transaction agreement with Badger Mining Corp. for the acquisition of the corporation. The Transaction is to be implemented by way of a subscription agreement between the corporation and the purchaser, and a reverse vesting order (RVO) to be issued by the Alberta Court of King’s Bench under the Bankruptcy…
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Athabasca Divests Five Surface Mineral Leases
Athabasca Minerals Inc. announced that it has executed and closed a definitive sale agreement with an “independent, arm’s length purchaser” to divest certain non-core assets within the aggregates division for total cash consideration of C$3.2 million, before normal closing adjustments. The sale agreement had a closing date of June 27, 2023, and no finder’s fees are associated with the transaction. The…
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.
Read MoreBeekhuizen Resigns at Athabasca Minerals
Athabasca Minerals Inc. announced that Robert Beekhuizen has provided notice of his resignation as chief executive officer and director of the corporation, effective immediately. Dana Archibald, chief operating officer, has been appointed as interim chief executive officer while the board of directors assesses a permanent successor.
Read MoreAthabasca Announces Executive Appointments
Athabasca Minerals Inc. announced that David Churchill was appointed chief financial officer (CFO) and Philip Schuman, was appointed vice president, AMI RockChain Inc. Churchill is a senior financial and accounting executive and joins Athabasca with more than 30 years of experience spanning multiple sectors, including oil and gas services, manufacturing and construction, maintenance and environmental services, and public practice. Churchill…
Read MoreAthabasca Reports Massive Gross Revenue Growth
In the fourth quarter of 2021, Athabasca reported consolidated gross revenue growth of 538% to $3.28 million vs. $0.5 million in Q4 2020 with a total loss and comprehensive loss of $0.64 million vs. $0.9 million in Q4 2020. The corporation increased its gross revenue by 494% to $12.1 million in 2021 vs. $2.0 million in 2020 with a total…
Read MoreFirst Look – April 2022
TOP NEWS Athabasca Closes AcquisitionAthabasca 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…
Read MoreAMI to Use Treated Wastewater at Sand Plant
Athabasca Minerals Inc. (AMI) announced a definitive agreement with Alberta-Pacific Forest Industries Inc., effective March 1, for the construction, operation and supply of treated industrial wastewater for AMI’s Prosvita Sand Project, which borders Al-Pac’s industrial operations in Athabasca County, Alberta, Canada.
Read MoreAthabasca 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.
Read MoreAthabasca Minerals Gets Rolling at Firebag
Athabasca Minerals Inc. (AMI) announced that mining and delivery of premium domestic sand from its Firebag resource north of Ft. McMurray has commenced. This product is in support of AMI’s partnership with Métis North Sand & Gravel and the contract announced on Dec. 20, 2021, with a major industry operator requiring approximately 1 million tonnes of filter sand.
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