EDMONTON – Athabasca Minerals Inc. (TSXV:ABM) says it has received approval from the Alberta government for two additional projects near oilsands and infrastructure developments in the northern part of the province.
The company said Wednesday it received Surface Mineral Leases for its House River project southwest of Forth McMurray, and its Pelican Hill project north of Slave Lake.
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The House River project is a winter only operation, while Pelican Hill could operate year round.
Athabasca manages, explores for, and develops sand and gravel projects and industrial minerals.
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Demand for the company’s products is expected to grow sharply as oil companies expand their oilsands businesses in the Athabasca region of northern Alberta and seek to get their materials from the local area.
In Wednesday trading on the TSX Venture Exchange, Athabasca Minerals stock was unchanged at 45 cents.
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