Athabasca Minerals (AMI) has signed a ten-year agreement to process and sell aggregates from Montana First Nation’s Colchester property near Alberta, Canada.
The scope of the agreement includes exploration, permitting, production management, marketing and progressive reclamation of the Colchester property to supply sand and gravel materials to industry and municipalities in central Alberta as well as to Edmonton markets.
Robert Beekhuizen, AMI’s CEO, says: This is an important strategic objective for AMI where our corporate expertise in managing large-scale contracts for the Province’s Susan Lake and upcoming Coffey Lake aggregate operations can be meaningfully re-applied for the First Nations as well.”
The Colchester property is in MFN’s traditional territory and is located near major roadways and rail and situated in a regional belt of aggregate operations.
The deal is expected to begin during the third quarter of 2019, pending regulatory approvals.