(TheNewswire)
Houston, Texas – TheNewswrie - July 28, 2021 – Select Sands Corp. (the “Company” or“Select Sands”) (TSXV:SNS ) / ( OTC:SLSDF) today provides an operations andcorporate update. The Company is pleased to report that its Q2 2021frac and industrial sand sales were 85,242 tons, representing a 42%increase from Q1 2021 sales of 59,970 tons and a 61% increase from Q42020.
Separately, Select Sands received confirmation that theCompany’s second Payroll Protection Program relief loan ofUS$574,990 has been forgiven and will be reflected as such in SelectSands’ Q2 financials that are scheduled to be released next month.
The Company has also released an updated investor slidedeck posted on the Company’s web site at www.selectsands.com.
Zigurds Vitols, President & Chief ExecutiveOfficer, commented, “We are delighted to see that our sales volumeby tons increased by 42% in Q2 compared to sales in Q1. The steadyincrease in crude oil pricing and the continued improvement in theU.S. oil and gas sector seen over the past months has supportedincreased development activity by our customers. We believe thatpositive trend will continue in the second half of this year resultingin continued demand for our premium Northern White Sands productoffering that provides superior quality, including crushcharacteristics, compared to in-basin frac sand sources. As important,is the strategic location of our mine operations in Arkansas comparedto traditional Northern White Sands producers located in the UpperMidwest. The result is that Select Sands can offer its customers ahigher quality product offering that can be secured in the lowerMid-West at a much lower landed cost. We look forward to continuingto work closely with our customers to meet their growing needs.”
Select Sands Corp. is anindustrial silica product company developing its 100% owned, 520-acreNorthern White, high quality silica sands project located in Arkansas,U.S.A. Select Sands’ Arkansas property has a logistical advantageof being significantly closer to oil and gas markets located inOklahoma, Texas, New Mexico, and Louisiana than Wisconsin sources.
Forward-Looking Statements
This news release includes forward-looking informationand statements, which may include, but are not limited to, informationand statements regarding or inferring the future business, operations,financial performance, prospects, and other plans, intentions,expectations, estimates, and beliefs of the Company. Information andstatements which are not purely historical fact are forward-lookingstatements. Forward-looking information and statements involve andare subject to assumptions and known and unknown risks, uncertainties,and other factors which may cause actual events, results, performance,or achievements of the Company to be materially different from futureevents, results, performance, and achievements expressed or implied byforward-looking information and statements herein. Forward lookingstatements include statements regarding growing demand for theCompany's product offering, the expectation for continued improvementin the U.S. oil and gas sector and performance in future quarters. Although the Company believes that any forward-looking information andstatements herein are reasonable, in light of the use of assumptionsand the significant risks and uncertainties inherent in suchinformation and statements, there can be no assurance that any suchforward-looking information and statements will prove to be accurate,and accordingly readers are advised to rely on their own evaluation ofsuch risks and uncertainties and should not place undue reliance uponsuch forward-looking information and statements. Certain of therisks that may impact these statements include general economicconditions, the demand of the Company's customers as well as thosethat are included in the Company's continuous disclosure documentsavailable on SEDAR at www.sedar.com. Any forward-looking informationand statements herein are made as of the date hereof, and except asrequired by applicable laws, the Company assumes no obligation anddisclaims any intention to update or revise any forward-lookinginformation and statements herein or to update the reasons that actualevents or results could or do differ from those projected in anyforward-looking information and statements herein, whether as a resultof new information, future events or results, or otherwise, except asrequired by applicable laws.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release
Company Contact
Please visit www.selectsands.com orcontact:
Zigurds Vitols President & CEO Phone 844-806-7313 | W. Joe O’Rourke Vice President Sales & Marketing Phone: (713) 689-8000 Joe.orourke@selectsands.com | Wesley Harris Investor Inquiries Phone: (832) 917-6030 wes@selectsands.com |
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