REDWATER, AB, July 29,
2024 /CNW/ - Peaskie Minerals Inc., a leading player
in the sand and gravel mining industry, is pleased to announce a
significant update to its proven reserve volumes. Backed by recent
drill results, Peaskie now holds a substantial 102 million metric
tons (MT) of domestic sand reserves on deeded land in the Opal, AB
area. Additionally, the company has secured access to a minimum of
20 million MT through existing and under-negotiation royalty
arrangements.
Over the past few months, Peaskie Minerals Inc. has made it a
top priority to secure resources on deeded land. This strategic
move not only strengthens our position in the market, helps to meet
industry demand, but also ensures long-term stability and available
domestic supply for our customers, particularly in the Alberta and Northeast British Columbia
Montney, as well as the Duvernay
and Cardium basins.
"These shovel-ready deposits come with significant permitting
already in place, allowing us to meet the immediate and future
demands of our clients efficiently," said Keith Arsenault, CEO of Peaskie Minerals Inc.
"Our priority has always been to provide reliable and high-quality
materials, and this update is a testament to our commitment."
Looking ahead, Peaskie aims to market an additional 1 million MT
per year specifically for frac sand, further expanding our
offerings without compromising on the additional resources needed
for building products and other uses.
Peaskie Minerals Inc. remains dedicated to responsible and
sustainable mining practices, ensuring that our operations continue
to benefit the environment, economy, and communities we serve.
SOURCE Peaskie Minerals Inc.