Athabasca Minerals signs agreement with First Nation
Canadian mineral explorer Athabasca Minerals Inc (AMI) has signed a ten-year aggregates management agreement with the Montana First Nation (MFN) for the processing and sale of aggregates from MFN’s 185 acre Colchester property located near Ponoka, Alberta.
The scope of the agreement includes exploration, permitting, production management, marketing and progressive reclamation of the Colchester property to supply sand and gravel materials to industry and municipalities in central Alberta, as well as to Edmonton markets.
It is anticipated that the Colchester property will begin operations in the third quarter of 2019, pending regulatory approvals.
The Colchester property is in MFN’s traditional territory, with close proximity to major roadways and rail, and situated in a regional belt of aggregate operations with promising industrial mineral resources of this nature.
The corporation will be assessing the extent of the resource from field tests in the coming weeks.
The location enables cost-effective logistics with very good access to regional infrastructure, oil and gas, petrochemical maintenance and capital projects.
“We are excited and honoured to provide our services for MFN, and about embarking on a journey together to establish a new aggregate production operation that will bring economic and community benefits,” commented AMI CEO Robert Beekhuizen in a statement released on Wednesday.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation