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Athabasca Minerals Inc
Symbol AMI
Shares Issued 78,582,686
Close 2022-11-23 C$ 0.25
Recent Sedar Documents

Athabasca Minerals unit signs transload deal with CRL

2022-11-24 09:24 ET - News Release

Mr. Dana Archibald reports

ATHABASCA MINERALS ANNOUNCES PIVOTAL MULTI-YEAR TRANSLOAD AGREEMENT IN NORTHEAST BRITISH COLUMBIA

Athabasca Minerals Inc. subsidiary AMI Silica LLC has entered into a multiyear transload agreement with CRL Transload Services Ltd. for sand transloading and storage services at its Taylor, B.C., location.

The CRL transload and storage facilities are strategically located in Taylor, B.C., within the heart of the Montney basin in northeast British Columbia. The CRL facility provides frac sand for a number of the company's existing customers and is well positioned on the Canadian National (CN) railway, providing direct access to the company's AMI Silica Taylor/Wisconsin transload.

Chief executive officer Dana Archibald stated: "Our mandate since the acquisition of the Wisconsin sand mine, processing facility and transload in early 2022 is to develop sales outlets throughout Western Canada to better serve our customers' increasing demand for our Northern White sand. By managing the logistics and partnering with CRL, we eliminate potential supply disruptions and ensure consistent supply for the growing demand in the Montney."

Andrew Moore, president of CRL, stated: "We are excited about this strategic agreement with AMI Silica LLC and look forward to a long-term business relationship as we service the growing market in the Montney basin. CRL has a long, successful history in this region, and, by combining our service offering with AMI Silica's premium sand, we see great potential for growth."

The corporation owns a 50-per-cent interest in AMI Silica, with its partner JMAC Energy Services LLC owning the other 50-per-cent interest. JMAC is controlled by Jon McCreary, a director of Athabasca Minerals.

About Athabasca Minerals Inc.

Athabasca Minerals is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Athabasca also operates aggregate operations in Western Canada and maintains the largest platform for buying, selling and transporting of aggregates through its 100-per-cent-owned technology platform, AMI RockChain.

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