Athabasca 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…

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Athabasca 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…

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AMI 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.

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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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Athabasca 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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Athabasca Acquires Sand Plant, Storage, Transloads

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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Athabasca Minerals Revenues Strong in Third-Quarter

Athabasca Minerals Inc. announced its financial statements for the third quarter ending Sept. 30. Athabasca reported consolidated revenue of $4.3 million (versus $0.4 million in third quarter 2020) and $8.8 million for nine months (versus $1.5 million, nine months ending 2020), with contributions from all four divisions: AMI Aggregates, AMI RockChain, AMI Silica and TerraShift Engineering.

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