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Edmonton, Alberta–(Newsfile Corp. – May 26, 2022) – Athabasca Minerals Inc. (TSXV: AMI) (“AMI”, “Athabasca” or the “Corporation”) an integrated group of companies that develops & delivers sand & gravel products, technical services, transportation, and supply-chain solutions – announces the following highlights with the release of its Q1-2022 Financial Statements:
Robert Beekhuizen, Chief Executive Officer, states: “AMI continues to grow year-over-year. We are seeing robust cash flow throughout all divisions, and the Corporation’s current outlook is for at least a doubling of annual revenues versus 2021, which was also a growth year. The positive impact of our US acquisition has led to sales of sand product throughout the US and Canada. We believe that AMI is clearly undervalued in the capital markets considering the current stock price. There is tremendous upside potential and Management is focused on continuing the growth trajectory and bringing further value to our shareholders.”
RECAP OF Q1-2022 KEY OPERATIONAL HIGHLIGHTS:
Q1-2022 key operational highlights noted in the MD&A and subsequent for Q2-2022 include:
FINANCIAL AND OPERATIONAL HIGHLIGHTS
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ANNUAL GENERAL AND SPECIAL MEETING
The Corporation is also pleased to announce that it has filed a notice of meeting and management information circular (the “Circular”) to its shareholders of record as of May 2, 2022 in connection with its Annual General and Special Meeting of shareholders (the “Meeting”) to be held on June 21, 2021 at 9:30 a.m. (Mountain Time). The Meeting materials have been mailed out to shareholders. The Corporation will provide a Corporate Update during the Meeting.
Due to the ongoing global coronavirus (COVID-19) public health emergency and in consideration of the health and safety of our employees, shareholders, and community, the Corporation strongly encourages shareholders to vote on the matters before the Meeting by proxy, and to view the Meeting through the conference call and webcast, rather than attend in person. The routine legal requirements of the Meeting will be carried out by a limited number of Company representatives.
Athabasca encourages all shareholders to participate in the Meeting. Shareholders may submit questions to management ahead of the Meeting via email to [email protected]. There will also be an opportunity to ask questions during the Meeting through the platform.
All meeting material has been filed on SEDAR.com and on the Corporation’s website at: https://athabascaminerals.com/investor-relations/annual-documents/2022/.
ABOUT ATHABASCA MINERALS INC.
Athabasca Minerals is an integrated group of companies capable of full life-cycle development and supply of aggregates and industrial minerals. The Corporation is comprised of the following business units: AMI Silica, (www.amisilica.com) with resource holdings and business interests in Alberta, North-East BC, and the United States; AMI Aggregates, with aggregates from its corporate pits and which manages the Coffey Lake Public Pit for the Government of Alberta; Métis North Sand & Gravel which is a strategic partnership with the McKay Métis Group to deliver aggregates to the energy, infrastructure, and construction sectors in the Wood Buffalo region; AMI RockChain, a technology-enabled business using its proprietary RockChain™ digital platform, automated supply-chain and logistics solutions, quality-assurance & safety programs to deliver products across Canada; and TerraShift Engineering which conducts resource exploration, regulatory, mining, environmental and reclamation engineering for a growing nation-wide customer base and is also the developer of its proprietary TerraMaps™ software.
For further information, please contact:
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