Select Sands Halting Independence Expansion Project Due to Softer Demand for Northern White Silica Fracking Sand
2018年9月28日 - 9:00PM
Select Sands Corp. ("Select Sands" or the "Company") (TSXV: SNS |
OTCQX: SLSDF) has announced that it will be halting its previously
announced Independence expansion project due to a period of softer
demand for Northern White silica/fracking sand.
The expansion project will be under regular
review and progress will resume once demand reaches appropriate
levels. The Company will remain fully operational during the
interim period, with a nameplate capacity of 600,000 tons per year
of premium Northern White silica.
Zig Vitols, President and CEO, commented: “We
feel it is prudent to coincide the timing of the expansion project
and its completion with increased basin activity and proppant
demand. Select Sands is committed to adding new business and
pursuing opportunities to generate value for shareholders.”
About Select Sands Corp.Select
Sands Corporation is an industrial silica product company which
owns a number of properties in Arkansas and is currently in
production at its 100% owned, 520-acre Northern White, Tier-1,
silica sands property located near Sandtown, Arkansas, U.S.A.
Select Sands’ goal is to become a key supplier of premium
industrial silica sand and frac sand to North American markets.
Select Sands’ Arkansas properties have a significant logistical
advantage of being significantly closer to oil and gas markets
located in Oklahoma, Texas and Louisiana than sources of similar
sands from the Wisconsin area.
For more information about Select Sands Corp., please visit
www.selectsands.com or contact:
Zigurds VitolsPresident & CEOPhone: (844) 806-7313
Investor RelationsArlen
HansenSNS@kincommunications.com Phone: (604) 684-6730
This news release includes forward-looking
information and statements, which may include, but are not limited
to, information and statements regarding or inferring the future
business, operations, financial performance, prospects, and other
plans, intentions, expectations, estimates, and beliefs of the
Company. Information and statements which are not purely
historical fact are forward-looking statements. Such
statements in this release include statements relating to
possibility of the resumption of the expansion project and the
timing thereof. Forward-looking information and statements
involve and are subject to assumptions and known and unknown risks,
uncertainties, and other factors which may cause actual events,
results, performance, or achievements of the Company to be
materially different from future events, results, performance, and
achievements expressed or implied by forward-looking information
and statements herein. Although the Company believes that any
forward-looking information and statements herein are reasonable,
in light of the use of assumptions and the significant risks and
uncertainties inherent in such information and statements, there
can be no assurance that any such forward-looking information and
statements will prove to be accurate, and accordingly readers are
advised to rely on their own evaluation of such risks and
uncertainties and should not place undue reliance upon such
forward-looking information and statements. Any
forward-looking information and statements herein are made as of
the date hereof, and except as required by applicable laws, the
Company assumes no obligation and disclaims any intention to update
or revise any forward-looking information and statements herein or
to update the reasons that actual events or results could or do
differ from those projected in any forward-looking information and
statements herein, whether as a result of new information, future
events or results, or otherwise, except as required by applicable
laws.
Select Sands (TSXV:SNS)
過去 株価チャート
から 12 2024 まで 1 2025
Select Sands (TSXV:SNS)
過去 株価チャート
から 1 2024 まで 1 2025