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Athabasca Minerals Inc ABCAF


Primary Symbol: V.AMI

Athabasca Minerals Inc. is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Its AMI Silica division has resource holdings and business interests in Alberta, North-East BC, and the United States. Its AMI Aggregates division produces and sells aggregates from its corporate pits and manages the Coffey Lake Public Pit on behalf of the Government of Alberta. The Company’s Metis North Sand & Gravel division has a strategic partnership with the McKay Metis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region. Its AMI RockChain division is a midstream, technology-enabled business using its RockChain digital platform, automated supply chain and logistics solutions, and safety programs to deliver products across Canada. Its TerraShift Engineering division conducts resource exploration, regulatory, and mining, and is also the developer of the TerraMaps software.


TSXV:AMI - Post by User

Post by ace1mccoyon May 03, 2022 11:13am
193 Views
Post# 34651132

Surpassing Production Milestone For AMI Silica

Surpassing Production Milestone For AMI Silica

AMI Silica LLC Achieves Milestone Production & Sales in Excess of 100,000 Tons in April-2022

Edmonton, Alberta--(Newsfile Corp. - May 3, 2022) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI", "Athabasca" or the "Corporation") an integrated group of companies that supplies sand products, aggregates, technical services and competitive market solutions using technology, announces that its joint-venture subsidiary, AMI Silica LLC located in Wisconsin, USA, has reached milestone production and sales, surpassing more than 100,000 tons in the month of April, 2022.

Dana Archibald, Chief Operating Officer and divisional President of AMI Silica, states, "Although April tends to be a slow month historically, in April 2022 we produced and transported over 107,000 tons of high-quality sand product at our Hixton joint-venture operation. Comparing April 2022 to the same month in previous years, this facility has not achieved this level of production since 2019 and we are proud of how quickly and efficiently we have been able to grow our operations. We have great people who are committed to both the success of our customers and the integrity of our business, and it's exciting to lead and be part of the renaissance underway here."

Robert Beekhuizen, Chief Executive Officer of Athabasca Minerals, states: "I'm very proud of both the management and operations team of AMI Silica LLC. We only took custody of the sand mine, processing plant and transload at the beginning of March this year and already they are finding their stride. The fundamentals in the sand market are turning up, and the Hixton team is rallying to meet the rising demand. We see a promising future ahead, and in due course, we also aim to leverage the many years of operating knowledge and expertise resident at the Hixton facility to support our upcoming Prosvita Sand Project in Alberta.

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