Athabasca Minerals Subsidiary – Aggregates Marketing Inc $1,500,000 Contract
April 30 2019 - 7:01AM
Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture:
ABM) announces that its wholly-owned subsidiary Aggregates
Marketing Inc. (“Aggregates Marketing”) has secured a Cdn
$1,500,000 order to supply aggregates for a major industrial
operator located in the Regional Municipality of Wood Buffalo in
northern Alberta.
Aggregates Marketing Inc.
(www.aggregatesmarketing.com) is an emerging technology-enabled
company developed in 2018 by the Corporation, focused on achieving
enhanced price/delivery solutions in mapping customer requirements
(orders) to aggregates suppliers and transportation companies with
greater speed and efficiency.
Chief Executive Officer, Robert Beekhuizen,
states: “In today’s economy, the goal of Aggregates Marketing is to
leverage technology and keep pace with progressive trends in
e-commerce to creatively disrupt a widely pervasive bulk
construction materials market with improved connectivity, supplier
utilization, and pricing. Aggregates Marketing’s growing database,
and iterative, algorithmic approach is increasing optionality and
deriving further value enhancements that can be passed on to
customers. We are very excited about the future growth potential of
this division within the Corporation’s portfolio, and the
geographic extent to which Aggregates Marketing can cater, both
nationally and internationally, as this midstream business
expands.”
About Athabasca Minerals
The Corporation is an integrated group of
aggregates companies involved in resource development, aggregates
marketing and midstream supply-logistics solutions. Business
activities include aggregate production, pit management services,
sales from corporate-owned and third-party pits, acquisitions of
sand and gravel operations, and new venture development. Athabasca
Minerals is the parent company of Aggregates Marketing Inc. – a
midstream business providing integrated supply and transportation
solutions for industrial and construction markets. It is also the
parent company of AMI Silica Inc. – a subsidiary positioning to
become a leading supplier of premium domestic in-basin frac sand
with regional deposits in Alberta and NE British Columbia. It is
the joint venture owner of the Montney In-Basin and Duvernay Basin
Frac Sand Projects. Additionally, the Corporation has industrial
mineral leases, such as those supporting the Richardson Quarry
Project, that are strategically positioned for future development
in industrial regions of high potential aggregates demand.
For further Information on
Athabasca, please contact:
Dean StuartT: 403-617-7609E:
dean@boardmarker.net
Robert BeekhuizenT: 780-465-5696
Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
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