Athabasca Minerals Inc.: Quarter 3 Financial Results
(firmenpresse) - EDMONTON, ALBERTA -- (Marketwired) -- 11/21/16 -- Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE: ABM) is pleased to announce the Corporation''s Third Quarter Financial Results for the period ending September 30, 2016. The Corporation''s interim financial statements and management''s discussion and analysis ("MD&A") for the three months ended September 30, 2016 are available on SEDAR at and on the Athabasca Minerals website at .
Highlights 2016 Third Quarter
Financial Highlights (in thousands of CDN, unless otherwise noted)
The Corporation has recognized a significant increase in activity at both the Susan Lake public pit and at its portfolio of corporate owned aggregate operations in Quarter 3 2016 after experiencing significantly reduced activity in Q2 2016 due to the Fort McMurray wildfires and depressed oil related activity. Athabasca is well positioned to supply aggregates from both the Susan Lake public pit and corporate pits located in close proximity to oil sands and infrastructure projects in the Fort McMurray region.
Athabasca was in Court of Queen''s Bench on October 14 and 15, 2016 to defend against Syncrude''s application for a preservation order. The Corporation is waiting for the Court of Queen''s Bench decision.
There will be limited capital spending on the Firebag Project until greater certainty surrounding pricing and domestic frac sand demand is established. The Richardson Project consists of 8 mineral permits totalling 150,650 acres, with a National Instrument 43-101 F1 technical report demonstrating an initial inferred crushed rock aggregate resource estimate of 683,000,000 tonnes.
About Athabasca Minerals
The Corporation is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts works, aggregate pit management, aggregate production and sales from corporate-owned pits, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.
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.
Contacts:
Dean Stuart
403-517-2270
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2016 - 06:02 Uhr
Sprache: Deutsch
News-ID 1471219
Anzahl Zeichen: 3510
contact information:
Contact person:
Town:
EDMONTON, ALBERTA
Phone:
Kategorie:
Mining & Metals
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 147 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Athabasca Minerals Inc.: Quarter 3 Financial Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
Athabasca Minerals Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
