Athabasca Minerals Inc (AMI) Quote

More info on the RockChain 2.0 platform in interview with VP of Business and Resource Development. They're using artificial intelligence to learn where deposits are located beneath the land, in order to make mining them more efficient.

Link to interview.

How right he is.

https://www.bnnbloomberg.ca/video/robert-mcwhirter-discusses-athabasca-minerals~1862867

Amazing news... Congrats to everyone.

Market finally noticing this undervalued company. See you all at a dollar.

Corporate pits are taking clients again. Gonna see some revenue here!

V.AMI | 1 day ago
Canada NewsWire

TORONTO , Dec. 23, 2020 /CNW/ - Robert Beekhuizen , CEO, Athabasca Minerals Inc. (TSXV: AMI), shares his company's story in an interview with TMX Group.



The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite at The Open videos visit https://www.tmxmoney.com/en/csuite.html .

Athabasca Minerals Inc. (TSXV: AMI)

Athabasca Minerals Inc. is an integrated group of companies focused on the aggregates and industrial minerals sectors, including resource development, aggregates midstream supply-logistics solutions. The firm's business activities include aggregate production, sales and royalties from corporate-owned pits, management services of third-party pits, acquisitions of sand and gravel operations, and new venture development. Its segments are AMI Aggregates, AMI RockChain, and AMI Silica. The company generates a majority of its revenue from the AMI Aggregates business segment. For more information visit: https://www.athabascaminerals.com/

About TMX Group (TSX: X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange , TSX Venture Exchange , TSX Alpha Exchange , The Canadian Depository for Securities , Montréal Exchange , Canadian Derivatives Clearing Corporation , Trayport and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary , Vancouver and New York ), as well as in key international markets including London , Beijing and Singapore . For more information about TMX Group, visit our website at www.tmx.com . Follow TMX Group on Twitter: @TMXGroup .

SOURCE TMX Group Limited


Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2020/23/c2465.html

Canada Newswire
December 23, 2020 - 7:00 AM PST

Link to interview

Q3 2020 results were better than Q1 2019 results. Look at where this was trading back then. A lot of catching up to do here.

Oil rally looking very strong here.

This article is worth a read.

Surprised we aren't seeing more activity on here since they're getting things going this year...

THIS stock has TOXIC FINANCING. Buyer Beware

Athabasca Minerals Makes TSX Venture Top 50 Companies

EDMONTON, ALBERTA--(Marketwire - Feb. 15, 2013) - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is pleased to announce it has been included in the TSX Venture 50, a measure of strong performing companies listed on the TSX Venture Exchange. The TSX Venture 50 was determined based on equal weighting of market capitalization growth, share price appreciation, trading volume and analyst coverage. Athabasca is one of ten companies in the mining subsector of the TSX Venture 50.

A full copy of the TSX release can be viewed at:

http://www.tmx.com/en/pdf/2-13-0-2013_TMXGroup-TSXVenture50.pdf

President Dom Kriangkum states; "We are very pleased to be recognized by the TSX Venture Exchange as excelling in the mining sector. We aim to continue the development of the company through our aggregates and industrial minerals projects in 2013 and beyond."

About Athabasca Minerals
Athabasca is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta, for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

Looks like we got some volume back in today. Could be another run starting up ahead of financials.

Athabasca Minerals Announces Logan Aggregate Project in Operation

Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is pleased to announce the initiation of aggregate delivery from the Logan Aggregate Operation located 160 km south of Fort McMurray. A total of 375,000 tonnes of gravel has been contracted for, with the Corporation responsible for product, processing and delivery. The contract is expected to be completed by the end of March 2013. This is the third corporate owned pit to be brought into operation since February of 2012, in addition to the Susan Lake Aggregate operation under management.

The Corporation's Kearl Aggregate Project is in operation, with aggregate being processed and sold to regional customers. The Kearl Aggregate Project is the second corporate owned pit placed into production, accompanying the House River Aggregate Operation which commenced operations in February of 2012.

The Corporation is also pleased to announce the appointment of Mr. Joseph Denis as Operations Manager for the Corporations Northern Alberta Aggregate Operations.

President Dom Kriangkum states "We welcome Joseph to our team and look forward to benefiting from his hands on and technical experience for continued development of the Corporation's aggregate deposits."

Mr. Denis graduated from the Southern Alberta Institute of Technology (Honors) in Civil Engineering technology. He has 20 years' experience in the aggregate business in Western Canada and most recently was the Division Manager for an aggregate producer in Winnipeg responsible for managing multiple pit and crushing operations.

The Corporation would also like to announce the resignation of Mr. David McAlpine as Vice-President Operations effective immediately. David has left the Corporation for personal reasons. We wish David well in his future endeavours.
The Corporation continues to work with Alberta Environmental and Sustainable Resource Development to obtain the necessary surface leases and approvals to open a silica sand mining operation on parts of our mineral lease in Northern Alberta.

About Athabasca Minerals
Athabasca is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta, for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

I'm interested
have a bit of dry powder. Keep us informed.thanks.

Athabasca Minerals Announces Management Appointments

EDMONTON, ALBERTA--(Marketwire - Nov. 14, 2012) - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is pleased to announce the appointment of Mr. David McAlpine as Vice President, Operations and Mr. Chris Hale as Manager, Regulatory Affairs effective immediately. Mr. McAlpine will be responsible for activities related to the development of frac sand and aggregate operations and Mr. Hale will be responsible for the coordination and management of resource development applications and reclamation.

President Dom Kriangkum states "We are extremely pleased to have attracted highly capable and experienced individuals in both David and Chris to our Corporation. As we continue to expand our aggregates and industrial minerals divisions, their expertise will assist in accomplishing management's growth objectives."

Mr. McAlpine has 30 years' experience working with industrial minerals, construction products and logistics. He previously was a senior executive at Sil Silica (now Sil Industrial Minerals), overseeing silica mining, operations, plant expansions and sales. He was also the project manager for the first silica flour plant in Western Canada. During much of the last decade he was President of National Concrete Accessories Canada Inc., and managed their manufacturing and distribution operations in nine cities in Western Canada.

Mr. Hale is a Registered Professional Forest Technologist with over 35 years' experience in resource development and management across northern Alberta. Mr. Hale worked as a Senior Environmental Specialist with the Alberta Energy Resources Conservation Board ("ERCB") in oil sand mine development specializing in terrestrial and reclamation issues for the last 7 years. Prior to joining ERCB, Mr. Hale was a Land Management Specialist with Alberta Sustainable Resource Development for 12 years in Fort McMurray, providing resource development leadership and policy advice to manage the development and reclamation issues of aggregate, oil sand mine and in-situ projects, as well as conventional oil and gas.

In conjunction with these appointments, Mr. Shaun O'Connor-Parsons will retire from his position as Vice President, Business Development and Mr. Dale Nolan will retire from his position as Vice President, Corporate Affairs and as a director of the Corporation effective November 30, 2012. Athabasca thanks both Shaun and Dale for their strong contributions to the success of the Corporation, and wishes them well in the future. Mr. O'Connor-Parsons will remain as a director of the Corporation.

Mr. Kriangkum also notes, "I personally thank Shaun and Dale for their years of service to growing Athabasca to its current status as a leading participant for aggregates supply in Alberta. Their broad experience and strong business acumen have helped positively shape the Corporation." In addition, "I have personally worked directly with Shaun and Dale as partners for over 15 years, and their style of principled leadership will remain on as the Corporation continues to grow."

About Athabasca Minerals
Athabasca is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta, for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

And it just keeps on getting better. Some good consolidation and now another great corporate development.

Well done management.

Athabasca Provides Operations Update

Athabasca Minerals Inc. ("Athabasca" or the "Corporation")(TSX VENTURE:ABM) is pleased to announce that Athabasca has entered into a contract with a major oil sands company to supply, process and deliver 375,000 tonnes of aggregate from the Corporate owned Logan pit, which is approximately 160 km south of Fort McMurray and is winter haul only. Hauling will commence in December 2012, and to be completed during March 2013.

"Being awarded a significant contract to supply gravel from the Logan Pit is received at a favorable time for the Corporation, as we look ahead to our new fiscal year beginning in December." said Dom Kriangkum, President and CEO of Athabasca. "Logan will be our third corporate owned pit that will be brought into production over the past twelve months. The Logan Pit is well situated to service many oil sands projects in the Conklin area." Kriangkum further stated that "The award of the Logan pit contract is a result of the steps that we are taking to actively grow Athabasca."

About Athabasca Minerals
Athabasca is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Company also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta, for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

Choo Choo $2.42 HOD

Another New 52 Week High: $2.18

ABM is on some kind of roll. With the potential they have locked up in Silica sand, minerals and current demand they could be headed much much higher.

I dont believe current valuation even considers Frac Sand. They have also stated they have sold $500K of private land aggregates in Q4 which will come out next Q. Margins are up aswell.

Perfect storm here.

With news on permits to start Silica sand recovery this could see $4-5 easily in my opinion.

Great revenues and margin increases. Some kinda trading today setting a new 52 weeker and record volume.

Sounds like she can go to $2.50+ with the Q4 earnigns already being boosted by the $500K of sold aggregates that was stock piled.

Frac Sand sends this soaring.. this will be fun.

Athabasca Minerals Earns $.074 EPS for Q3 2012; Full Fiscal 2012 Aggregate Demand Forecast Now Exceeded

Athabasca Minerals Inc. (the "Corporation" or "Athabasca") (TSX VENTURE:ABM) is pleased to announce the filing of its Q3 financial results for the three and nine month periods ended August 31, 2012.
For the third quarter, the Corporation reports results as follows:

-- Revenue in the amount of $3,582,344 compared with $2,613,379 during Q3 2011, an increase of 37.1%;
-- Net income of $2,044,148 during Q3 2012, an increase of $936,083 or 84.5% over Q3 2011 net income of $1,108,065;
-- Aggregate tonnes sold during Q3 2012 was 32.5% greater than during Q3 2011 (3,315,751 vs. 2,502,195 tonnes);
-- 2012 year- to- date tonnes sold was 61.2% above the comparative nine month period (7,812,633 vs. 4,846,926 tonnes);
-- Work camp operator expands lodging facility; and accommodation volume is rising, resulting in a Gain on the Land Use Agreement for Athabasca; and
-- Net income of $3,549,808 after nine months, an increase of $2,078,918 or 141.3% over Q3 YTD 2011 net income of $1,470,890

"Current year aggregate demand at the Susan Lake pit has significantly exceeded last year's volumes in each of three reporting quarters to date. At the Corporation's Kearl pit, Athabasca is now fully equipped with its own aggregate crushing equipment and operating crews and is actively producing inventory for sale during our final fiscal quarter of 2012. We are very pleased by the continuing profitability increases the Corporation has generated and the shareholder value that has been created after three fiscal quarters." reported Dom Kriangkum, President & CEO.

The complete financial statements for Athabasca for the nine month period ending August 31, 2012 and Management's Discussion & Analysis for the same period are available for viewing on the Corporation's website at
www.athabascaminerals.com (http://www.athabascaminerals.com) and on SEDAR at www.sedar.com (http://www.sedar.com)
About Athabasca Minerals

Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts work, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

Article by Fabrice Taylor
-- Globe & Mail

The cheapest, least-loved asset class in markets today is small-cap stocks. There are reasons for this, but not good ones, and I think investors avoid small companies to their detriment.

The main reason that small issues are shunned is that investors have gotten bigger. By investors, I mean professional money managers. Mutual funds and hedge funds have a tendency to grow and merge as the asset mananagement industry matures and consolidates

What happens when a fund gets bigger? It has to buy bigger stocks. A 5 per cent stake in a $50-million company can have a big impact on a small fund’s returns. But a billion-dollar fund won’t waste its time on a $2.5-million stake in anything. Even if that stake doubles, the position would only create a half point of return for the fund. It’s not worth the fund manager’s time, and he or she is unlikely to buy a larger percentage of any one company.

Retail investors used to buy a lot of small-company shares, but they, too, have changed their patterns. More and more of them buy index funds or exchange traded funds (ETFs) these days, and not many of them focus on small caps.

Private equity funds used to routinely swallow small, promising companies, but private equity isn’t as trendy as it was a few years ago and, again, the funds have gotten bigger. So small– and micro-cap company shares languish even if the businesses grow and thrive.

Ironically, these companies are often especially cheap precisely when they shouldn’t be–in uncertain times. There’s very little economic growth in the world, and that appears to be the new normal. Even China and Brazil are slowing down. This means that large multinationals–ones that major indexes are made of and the ones the big funds and ETFs buy–will be hard pressed to grow their revenues and profits. Alcoa is unlikely to gain market share. Big banks like TD or CIBC can do little about the cash-strapped Canadian consumer and the cooling real estate market. IBM probably won’t invent something everyone needs or wants (Apple still does that, but even that mighty company is showing signs of maturity).

When people say that we need economic growth to drive up stock prices, they’re speaking largely about big caps. Small, nimble companies can thrive even in a slowing economy. They can introduce new products or services, or they can carve out niches in mature markets.

Take three examples that I own and know quite well, all of which trade on the TSX Venture Exchange.

Toronto-based Symbility Solutions Inc. (formerly Automated Benefits Corp.) makes software for insurance claims adjusters and has a very promising technology. The company only has about 15 per cent of the North American market, but it is clawing business away from bigger players in the industry. Its shares also appear to be a bargain–analysts who cover the company have price targets that are as much as double its recent market prices.

Loyalist Group Ltd. operates English-as-a-second-language schools across Canada. ESL for foreigners is an established industry, and it’s growing, but not by leaps and bounds. Loyalist, however, is a consolidator. It’s expanding at triple-digit rates, and its share price surged over the summer.

The energy business is also mature, but pockets of it are growing at astronomical rates. Athabasca Minerals produces aggregates in booming Fort McMurray, the oil sands capital, where demand for gravel and sand is enormous. The company’s sales are growing at healthy double-digit rates.

Yes, these three companies are penny stocks–or close to it. But they’re not like most penny stocks. They’re all profitable or close to profitable, have solid business models, are easy to understand and have high levels of insider ownership. They’re not junior resource or tech plays that have low probabilities of making it.

In my view, if you pick your small caps wisely, you’ll do much better than the major indexes in the years to come.

$1.99 today HOD. Great Volume.

Heading into Power Hour. The chart is a thing of beauty.

GLTA

WOW. Thats all I can say. Closed at HOD and New 52 week high.

$1.95 +15%

WOW. And Weeeeeee.

New 52 Week High. $1.86

All charts look off the hook. ACC continuing nicely.

$2 is on the horizon.

Close at HOD. Nice.

And Buys almost tripled Sells.

Another good day. Tomorrow we may see a new 52 week high. I cannot wait for the news to start rolling in. Next up are financials at the end of the month or early November.

Good times. GO ABM!

Up on a broad Down day for most market players.

ABM earnings being released soon. Hang on. This could get funner!

LOL

Approaching 52 week high and the momentum is building.

Could be very relevant to ABM and being awarded this project would be a huge development obviously.

Alberta to twin Highway 63 by 2016

The Alberta government is promising to have Highway 63 between Grassland and Fort McMurray completely twinned by the fall of 2016.

The cost of the project is $1.1 billion. It also includes an upgrade of Highway 881, which is scheduled to take place over the next six years.

The province decided to seek financing in order to accelerate the project, said Alberta Transportation Minister Ric McIver.
Alberta Transportation Minister Ric McIver spoke Friday at an event announcing the opening of a new twinned section of Highway 63. (CBC)
"We will go out on the capital markets and secure money to move this project forward immediately," he said. "We will ensure that the capital costs of Highway 63 are repaid over no more than 20 years, sooner if financial conditions allow."

The announcement was made Friday, the same day officials unveiled a new 36-kilometre stretch of four-lane highway north of Wandering River.

McIver said work was completed nine months ahead of schedule. The new section will be open to motorists on Monday.

Chart today looks great. Good consolidation and support.

Ready to rock n roll for the next leg up in my opinion.

As always news can set this thing on fire.

$1.78 New HOD/52 Week High

GO ABM!

Frac Sand permit news will send this screaming IMO.

$1.70 HOD

And the beat goes on.

$1.56 NEW 52 week high. Yessir.

Possibly another record close here today folks. 1 hour to go.

Weeeeeeeeeeeee. :)

Another good day of consolidation with a positive swing.

80K Buys to 60K Sells

Lets aim to close the week strong.

GLTA

New 52 Week High Again today..

$1.54

She's got momentum and she's on a roll.

2$ coming up.

Sitting at HOD $1.40 and a new 52 week high.
This one is a monster and the chart is a masterpiece.

New 52 Week High!

$1.32

Chart is looking good here. We may see a new 52week high this week IMO.

News could be just around the corner aswell.

Up up and away! Nice close and momentum into the HOD.

A few more releases and we should be into the $2 range.

Athabasca Announces Grant of Stock Options

EDMONTON, ALBERTA--(Marketwire - Aug. 24, 2012) - Athabasca Minerals Inc. ("Athabasca" or the "Company") (TSX VENTURE:ABM) announces that its Board of Directors has approved the grant of 205,000 stock options to three of the Company's directors and employees, subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $1.04 per share, vest as to one-third (1/3) on each of 6, 12 and 18 months from the date the respective option agreements were executed, and have a five year term.

About Athabasca Minerals

Athabasca is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Company also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta, for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

The securities of Athabasca have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

She's taking another breather before another leg up.

New HOD and 52 Week High of 1.21

This beast has tripled in the last month or so. And it looks like its headed to 2$.

Athabasca Minerals

Taking a breather this afternoon after a big swing up this morning.

Athabasca Minerals Reports Strong Second Quarter Financial Statements

EDMONTON, ALBERTA --(Marketwire - July 31, 2012) - Athabasca Minerals Inc. (the "Corporation" or "Athabasca") (TSX VENTURE:ABM) is pleased to announce the filing of its Q2 financial results for the three and six month periods ended May 31, 2012.

For the second quarter, the Corporation reports results as follows:

-- Revenue in the amount of $3,209,483 compared with $1,696,004 during Q2 2011, an increase of 89.2%;

-- Net income of $721,252 during Q2 2012, an increase of $356,537 or 102.3% over Q2 2011 net income of $364,715;

-- Aggregate tonnes sold during Q2 2012 were 72.7% greater than during Q2 2011 (2,529,903 vs. 1,465,117 tonnes);

-- 2012 year- to- date tonnes sold were 91.8% above the comparative six month period (4,496,882 vs. 2,344,731 tonnes).

"The continued demand for aggregate this quarter and year to date remains impressive. Athabasca has nearly doubled its six-month tonneage sales and has more than quadrupled its net income over the comparative period." reported Dom Kriangkum, President & CEO.

The complete financial statements for Athabasca for the six month period ending May 31, 2012 and Management's Discussion & Analysis for the same period are available for viewing on the Corporation's website at www.athabascaminerals.com (http://www.athabascaminerals.com) and on SEDAR at www.sedar.com (http://www.sedar.com)

About Athabasca Minerals:

Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts work, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

Athabasca Minerals to Proceed With Normal Course Issuer Bid

Athabasca Minerals Inc. (the "Corporation" or "Athabasca") (TSX VENTURE:ABM) announces that it has obtained regulatory approval to proceed with a normal course issuer bid (the "Bid") whereby Athabasca may purchase up to a total of 1,388,625 common shares representing approximately 5% of the common shares of Athabasca currently issued and outstanding (27,772,499 common shares were outstanding as at August 9, 2012). It is expected that the Bid will commence on August 14, 2012 and terminate on August 14, 2013. All acquisitions of common shares by Athabasca pursuant to the Bid will be made through the facilities of TSX Venture Exchange Inc. at the market price of the common shares at the time of the acquisition. There are no persons acting jointly or in concert with the Corporation in respect of the Bid. The Bid is being undertaken as Athabasca believes that the current share price of its shares does not reflect the underlying value of the company.


Purchases on behalf of Athabasca will be made by Wolverton Securities Ltd., 335 - 8th Avenue S.W., Calgary, Alberta, T2P 1C9.


About Athabasca Minerals Inc.

Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects in Canada. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial
mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta.

The Corporation's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions.

Athabasca Minerals has also entered into another normal course issuer bid. Share buy-backs have been common place here and lowered the float to a measley 16M or so according to the Royal Circle.

Recent talk of expanding aggregate property contracts with Alberta. We havent even talked about mineral licenses yet. This could go north in a hurry.

Athabasca Minerals Announces Commitment to Purchase Crushing Equipment and Increased Credit Facilities

EDMONTON, ALBERTA--(Marketwire - Aug. 3, 2012) - Athabasca Minerals Inc. (the "Corporation" or "Athabasca") (TSX VENTURE:ABM) is pleased to announce it has entered into a commitment with a respected supplier of crushing and related equipment to acquire one gravel crushing equipment spread with an estimated delivery date in September 2012. The crushing spread is intended for use primarily in Athabasca's private Kearl pit. Management is of the opinion that it is economically beneficial for the Corporation to own, rather than subcontract, its crushing operations at the Kearl pit, as it anticipates there will be year round customer demand for processed high quality aggregate from this pit. Management anticipates crushing operations will commence in the fall of 2012.

The Corporation is further pleased to announce that it has increased its credit facilities with a major Canadian bank for additional lease financing of $3,000,000 pursuant to commitment letters entered into August 2, 2012. The additional lease facility will bear a fixed rate of interest, to be determined at the time of lease funding, with a current rate of 4.154%. The additional lease facility will be repaid over a five year period. The total approved lease facility with the Canadian bank is now $6,000,000 and as at the date hereof $2,108,617 has been drawn by the Corporation on the facility.

About Athabasca Minerals:

Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts work, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.