Athabasca Announces a 23% Increase in Aggregate Delivery for April 10% Increase for Five-Month Period
May 18, 2010
Edmonton, Alberta - May 18th, 2010 - Athabasca Minerals Inc. (the "Corporation" or "Athabasca" - TSX Venture: ABM) is pleased to announce a 23% increase in the volume of aggregates supplied from its Susan Lake and Poplar Creek Aggregate operations during the month of April 2010 compared with April 2009. A total of 413,354 tonnes of aggregates was delivered, with demand predominantly coming from oil sands companies located in close proximity to the Corporations' aggregate operations near Fort McMurray, Alberta.
Gravel Delivery for April
Percentage change over April of 2009
*All figures are in tonnes.
The Corporation has now delivered 1,544,807 tonnes of aggregate in the first five (5) months of 2010, compared to 1,406,609 tonnes for the five (5) month period ending April 2009. For the five (5) month period 2010 there was a 10% increase over the previous comparable period.
The Corporation previously announced on March 18th, 2010 a forecasted delivery for fiscal year 2010 of 6.5 million tonnes of aggregates. The majority of aggregates are delivered during the 3rd and 4th quarters as construction activity peaks in northern Alberta, specifically for the oil sands industry.
President Dom Kriangkum stated: "Our aggregate delivery at Susan Lake is beginning to increase as oil sands and construction companies initiate summer programs, and we remain flexible in our ability to deliver aggregates as additional requests are received. In addition to our cash flow producing aggregate operations, we are finalizing our exploration strategy for industrial minerals in northern Alberta on our portfolio of land totaling over 500,000 hectares."
On Behalf of Management,
Dom Kriangkum, President
About Athabasca Minerals Inc.
Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects in Canada. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta. The Corporation's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions.
For further information on Athabasca, please contact:
CHF Investor Relations
Robin Cook, Senior Account Manager
T: 416-868-1079 x 228
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Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Corporation. The forward-looking statements or information contained in this news release are made as of the date hereof and the Corporation does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.