Athabasca Minerals Announces AMI RockChain Completion of $1 Million Order and Corporate Update

CALGARY, Alberta, April 08, 2020 (GLOBE NEWSWIRE) -- Athabasca Minerals Inc. (“AMI” or the “Corporation”) – TSXV:AMI – is pleased to announce:

• AMI RockChain’s recent achievement in completing a $1 million job order for the supply of specialized aggregates product (rail ballast) to a major customer with industrial operations in Central Alberta for a new transload facility.
• Corporate updates and progress regarding AMI Silica, AMI Aggregates (base division), as well as fiscal management in the face of COVID-19.
• The appointment of J. Robert Logan, MBA, ICD.D as Advisor to AMI’s Board of Directors with regard to the Corporation’s strategic business interests in 2020 and capital markets.

Robert Beekhuizen, Chief Executive Officer, states: “Although we commonly face very challenging times right now, given the COVID-19 situation, AMI is adapting responsibly, with meaningful progress, and with health and safety top of mind. AMI is an essential service supporting infrastructure, construction and energy sector supply chains in Western Canada. We also continue to achieve key deliverables that are instrumental to our growth and diversification program. We remain positive and optimistic about AMI’s ability for ongoing transformation in 2020, growing our revenues, and about future expansion from AMI’s projects and strategic initiatives. We are additionally strengthened this year with the appointment of Mr. Logan as Advisor to AMI’s Board and to draw on his career experience in capital markets, his executive background and prior Board roles.”

AMI RockChain – $1 million Customer Order Milestone in Q1-2020
With over 15,000 tonnes of specialized rail ballast product delivered, AMI RockChain surpassed a $1 million order-size milestone on a rail transload project for a large industrial customer with operations in central Alberta. The project was executed over the past 5 months and completed in March 2020. The AMI team is proud to have received positive testimonials on its quality control program and synchronized project delivery from the customer, site contractors as well as the participating network of suppliers, and transportation companies who were integral to the optimized RockChain^TM solution.