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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 Oct 19, 2017 7:37pm
144 Views
Post# 26834352

NR.....SNS future very bright

NR.....SNS future very brightSelect Sands Corp. Announces Option to Purchase Property for Potential Future Expansion and Schedules Third Quarter 2017 Earnings Call Press release from GlobeNewswire (a Nasdaq OMX company) Thursday, October 19, 2017 Select Sands Corp. Announces Option to Purchase Property for Potential Future Expansion and Schedules Third Quarter 2017 Earnings Call 18:00 EDT Thursday, October 19, 2017 VANCOUVER, British Columbia, Oct. 19, 2017 (GLOBE NEWSWIRE) -- Select Sands Corp. (Select Sands or the Company) (TSXV:SN) (OTC:SLSDF) today announced that it has recently entered into an agreement for the option to purchase 223 acres of property in Newark, Arkansas, to serve as a platform to support the Companys near- and long-term operational and capacity expansion initiatives. Under the terms of the agreement, Select Sands has the right to purchase the acreage for approximately USD $1.6 million. The Company made a payment of USD $50,000 towards the purchase price upon signing the agreement with an additional USD $75,000 scheduled for payment in October 2018. The option may be exercised at any time on or before October 3, 2020, and, if the option is exercised, the remaining balance of the purchase price will then be due for payment. Highlights and features of the property include: Ideally located relative to the Companys Sandtown and Bell Farm sand mines; Sufficient acreage for a new-build facility designed to process more than three million annual tons of frac and industrial sand; Access to rail with the ability to house a 110-railcar loop track for enhanced loading of finished products; Elevated above the flood plain allowing for uninterrupted operations; and Access to natural gas, three-phase electricity and water. Zig Vitols, President and Chief Executive Officer, commented, With the ability to purchase the property at any time, this agreement gives the Company options for considering its use in near-term expansion projects as well as meeting long-term needs. The location of the property will further enhance the logistics capabilities of our current operations as it will reduce interplant transportation by more than 30 miles, thereby resulting in lower operating costs. In addition, the purchase option provides financial flexibility as we continue to evaluate the longer-term opportunity to build a new facility more centrally located to our sand mines that will allow quicker and more efficient processing of our substantial sand resources. Separately, Select Sands today announced it will release third quarter 2017 results before market open on Monday, November 13, 2017, and hold a conference call the same day at 2:00 PM Eastern. To access the conference call, callers in North America may dial toll free 1-855-669-9657 and callers outside North America may dial 1-412-542-4135. Please call ten minutes ahead of the scheduled start time to ensure a proper connection and ask to be joined into the Select Sands call.
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