TSXV-ABM: $0.23

Company Overview

Athabasca Minerals Inc. is a Canadian management and exploration company specializing in developing and exploring for aggregates and industrial minerals in Alberta. The business strategies to grow the Corporation are:

Management of aggregate resources

Exploration, acquisition and development of other aggregate resources and companies

Identification, exploration and development of various industrial minerals to support oil sands development

Development of Firebag frac sand project

The Corporation has employees and consultants with experience in the aggregates industry in identifying, exploring and developing aggregate resources. Our team members have been involved with numerous acquisitions of aggregate resources and operations in Alberta.

Currently, the Corporation holds Alberta Metallic and Industrial Minerals Permits largely located in the Fort McMurray region in northeast Alberta. The Alberta Government has identified a rich variety of industrial minerals in this region such as silica sand and salt. These minerals are key ingredients for many products used to support the oil sands industry and Alberta infrastructure projects. The Corporation continues to assess its permitted land holdings for development based on mineral exploration programs that employ such methods as airborne magnetic surveys, stream sediment and outcrop sampling and deep well drilling.

The Corporation also holds Alberta Metallic and Industrial Minerals Leases on mineral leases containing silica sand reserves.