Select Sands Corp. issued an update regarding the company’s operations and future direction. “On July 16, 2024, our primary lender issued a demand letter serving as final notice of default to bring our account current by Aug. 1, 2024, to avoid foreclosure and the invocation of power of sale on collateralized assets and associated costs,” the company stated. “As of…
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Select Sands America Corp. Shuttered; Seeks Strategic Alternatives
Select Sands Corp. announced a shuttering of the operations of its operating subsidiary, Select Sands America Corp., due to a confluence of factors negatively impacting the frac sand industry and the company. The decision comes as a response to the challenges posed by weak oil and gas activity in the basins served by the company, a diminished 2024 sales forecast,…
Read MoreSelect Sands Tonnage Down in Second Quarter
Select Sands Corp. announced operational and financial results for the three months ended June 30, and the filing of its financial statements and associated management’s discussion and analysis. The company: Sold 53,894 tons of frac and industrial sand during second-quarter 2023 compared to 83,027 tons in the three months in first quarter 2023; and 83,207 tons in the three months ended…
Read MoreSelect Sands Reports Results for First Quarter 2023
Select Sands Corp. announced operational and financial results for the three months ended March 31, 2023. The company: Sold 83,027 tons of frac and industrial sand during the first quarter of 2023 compared to 81,451 tons in the three months ended Dec. 31, 2022 and 107,428 tons in the three months ended March 31, 2022. Recorded revenue of $5.1 million…
Read MoreSelect Sands Up By Double Digits
Select Sands Corp. announced operational and financial results for the second quarter of 2021, and the filing of its audited financial statements and associated management’s discussion and analysis. Key highlights include: · Sold 85,242 tons of frac and industrial sand during the second quarter of 2021, which was 42% higher than 59,970 tons sold in first quarter 2021 and 61%…
Read MoreSelect Sands Appoints Harris to Board of Directors
Select Sands Corp. appointed Wesley Harris, CPA, to the board of directors replacing John Kime, who has resigned for medical reasons. Harris will also replace Kime as chair of the audit committee.
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