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Select Sands Corp V.SNS

Alternate Symbol(s):  SLSDF

Select Sands Corp. is a Canada-based industrial silica product company, which wholly owns a Tier-1 silica sands property and related production facilities located near Sandtown, Arkansas. The Company is engaged in mining its 520-acre site in Arkansas named the Sandtown quarry. The property is underlain by the Ordovician St. Peter sandstone formation, the source of industrial silica sand Ottawa White frac sand, selling into various United States oil and gas and industrial and specialty end markets. These properties include sand sphericity and roundness, crush (K Value), acid solubility, turbidity and silicon dioxide (SiO2) content. The Company is focused on developing this business to enable commercial silica sand sales to industrial and energy customers. Its Plant Reconfiguration Project includes installation of dry-process equipment at the Diaz Rail Facility.


TSXV:SNS - Post by User

Bullboard Posts
Post by anon3on Apr 04, 2017 9:06am
156 Views
Post# 26072129

Adding the rail connection.....NR

Adding the rail connection.....NRSelect Sands Announces Lease to Purchase of Rail Facility Press release from Marketwire Tuesday, April 04, 2017 Select Sands Announces Lease to Purchase of Rail Facility 08:30 EDT Tuesday, April 04, 2017 VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 4, 2017) - Select Sands Corp. ("Select Sands" or the "Company") (TSX VENTURE:SNS)(OTCQX:SLSDF) is pleased to announce that it has signed a lease to purchase agreement with Newport Rail Loading Facility, LLC (Seller) of Arkansas, whereby Select Sands will acquire the rail loading facility for $2,050,000 (USD) paid over 5 years. The first-year payment of $500,000 has been made to the Seller. The balance will be paid out in equal amounts of $387,500 every year until March, 2021. The loading facility located in Diaz, Arkansas is connected to the Union Pacific Railroad mainline and is 15 miles from the Company's dry processing plant. The current capacity allows for loading and shipping of one 25 car unit per day. Rail destinations for the company's Northern white 40/70 and 100 mesh products now include the Texas-Permian and Louisiana-Haynesville basins. Zigurds Vitols, President & CEO, commented, "The Newport Rail Facility is a right-sized investment at this point of the Company's development. It will allow dedicated loading, as required, to meet current supply commitments while management considers expansion of the facility and other transportation infrastructure options."
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