Athabasca: October Aggregate Sales up 206% from Previous Year
Edmonton, Alberta - November 9th, 2010 - Athabasca Minerals Inc. (the "Corporation" or "Athabasca" - TSX Venture: ABM) is pleased to announce the aggregate sales number for the month of October 2010 and for the eleven month period from December 2009 to October 2010. These figures include both the Susan Lake and Poplar Creek Aggregate Operations.
|October Aggregate Sales Number|
|Eleven Month Aggregate Sales Number|
|Dec 2009 to October 2010||7,112,676||5,836,617|
*All figures are in tonnes.
The Corporation previously announced on March 18, 2010 a forecast demand for fiscal year 2010 of 6.5 million tonnes of aggregates. Full year forecast demand has now been exceeded on the strength of October sales. Through October, year to date sales show a 21.8% improvement over the prior year. The majority of aggregates are sold during the 3rd and 4th quarters as construction activity peaks in northern Alberta, specifically for the oil sands industry. Management of the Corporation is pleased that November sales will serve to widen the improvement over both 2009 total year sales and sales forecast for fiscal year ending November 30, 2010.
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:
Dom Kriangkum, P. Eng
President, CEO and CFO
CHF Investor Relations
Robin Cook, Senior Account Manager
T: 416-868-1079 x 228
Should you wish to receive the Corporation's news via email, please email moc.rifhc@enidaN and specify "Athabasca Minerals news" in the subject line.
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.
The securities of Athabasca have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.