Athabasca Minerals Announces AMI RockChain Completion of $1 Million Order and Corporate Update - Seite 2

In spite of COVID-19, AMI RockChain is engaged in a large number of bids, which are regularly tracked and accumulated on www.amirockchain.com. In 2020, the subsidiary has surpassed 100 bids representing a combined potential supply of up to 1.1 million tonnes within 150 currently active bids serving 50 companies in total. The RockChain^TM digital platform together with its Operational Excellence program and Health & Safety protocols have proven uniquely well-suited for today’s business environment. Customer orders for aggregates are easily placed remotely for jobs across Western Canada and executed with quality assurance while minimizing Health & Safety risk exposure.

AMI Silica - Duvernay Premium Domestic Sand Project (“Duvernay Project”)
Following the February 11, 2020 news release on the five-year Offtake Agreement with Shell Canada for AMI Silica’s premium domestic sand, the subsidiary continues to advance its Duvernay Project. In collaboration with a pending industrial partner, a competitive tender has been issued to five pre-qualified contractors in Canada and the United States to update the Front-End Engineering & Development (FEED), with the option to convert to EPC (Engineer, Procure, Construct) thereafter when the project is fully financially sanctioned and permits are received, which according to current plans will occur in second-half of 2020. With the pending industrial partner, AMI Silica aims at developing what it, and its bidders also regard as the ‘greenest’ silica sand processing facility in North America, based on unique synergies, for a target price under $40 million for Phase-1 development. Sand products and by-products will be serving customer demand in the energy, construction materials and environmental remediation sectors.

AMI Aggregates (Base Division) – Coffey Lake Public Pit and True North Staging Hub
In the first three weeks of aggregate operations at Coffey Lake, loading activity was strong. The division is on track to complete its first order for approximately 100,000 tonnes.

In addition, site clearing of the True North Staging Hub, strategically located on 72 acres at the junction of Highway-63 and seven kilometers from Coffey Lake, has been completed ahead of schedule. The True North Hub is well-situated and will serve regional aggregate companies’ commercial needs for crushing, processing and stockpiling of product near to several major oilsands operations and infrastructure projects. AMI’s Projects & Operations team is pressing for Q2 opening, ahead of the original Q3-2020 schedule.