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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aben Minerals Ltd | TSXV:ABM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.095 | 0.085 | 0.105 | 0 | 20:59:57 |
Robert Beekhuizen, Chief Executive Officer, states: “During Q2 2019 the Corporation has continued to re-position across multiple business fronts – growth of its base Aggregates division, growth of its AMI Silica sand division, and growth of its Aggregates Marketing division. AMI’s vision is to become the leading publicly trading aggregates company in Canada; and its mission is to do so with discipline by capturing progressive and innovative opportunities that will differentiate the Corporation’s performance in the market.”
Business Highlights:
Financial Highlights
($ thousands of CDN) | Three Months Q2 2019 | Three Months Q2 2018 | Six Months Q2 2019 | Six Months Q2 2018 | ||||||||
Aggregate management services | $- | $1,125 | $434 | $1,232 | ||||||||
Aggregate sales revenue | $980 | $248 | $980 | $254 | ||||||||
Total revenue | $980 | $1,373 | $1,414 | $1,486 | ||||||||
Gross profit | $(295) | $(494) | $(406) | $50 | ||||||||
Total loss and comprehensive loss | $(1,311) | $(55) | $(2,368) | $(795) | ||||||||
Cash position | $3,722 | $4,594 | $3,722 | $4,594 | ||||||||
Net cash generated (used) | $(1,554) | $1,968 | $(1,356) | $1,965 | ||||||||
Loss per share, basic and fully diluted ($/share) | $(0.030) | $(0.002) | $(0.057) | $(0.024) |
2019 Operational OutlookOver the coming year the Corporation is actively addressing and working on various strategic and operational initiatives relating to restructuring the Corporation's business model and expanding its operating lines across the base Aggregates division, growth of its AMI Silica sand division, and growth of its Aggregates Marketing division.
Base Aggregates Business
AMI Silica
Aggregates Marketing
About Athabasca MineralsThe Corporation is an integrated group of aggregates companies involved in resource development, aggregates marketing and midstream supply-logistics solutions. Business activities include aggregate production, pit management services, sales from corporate-owned and third-party pits, acquisitions of sand and gravel operations, and new venture development. Athabasca Minerals is the parent company of Aggregates Marketing Inc. – a midstream business providing integrated supply and transportation solutions for industrial and construction markets. It is also the parent company of AMI Silica Inc. – a subsidiary positioning to become a leading supplier of premium domestic in-basin frac sand with regional deposits in Alberta and NE British Columbia. It is the joint venture owner of the Montney In-Basin and Duvernay Basin Frac Sand Projects. Additionally, the Corporation has industrial mineral leases, such as those supporting the Richardson Quarry Project, that are strategically positioned for future development in industrial regions of high potential aggregates demand.
For further information on Athabasca, please contact:Dean StuartT: 403-617-7609E: dean@boardmarker.net
Robert Beekhuizen T: 587-525-9610
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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