Prosvita Operation

Five-year term with minimum volume of frac sand over five years or up to an annual maximum of frac sand

Unique synergies to co-develop one of the ‘greenest’ silica sand facilities in North America

• industrial land suitable for construction;
• access to industrial utilities, including process water and power opportunities that bring distinctive environmental benefits;
• access to transportation infrastructure that will broaden the economic distribution of product across Alberta and into Northeast British Columbia;
• additional premium domestic sand deposits located in close proximity to the proposed industrial location, clear of residential areas; and
• long-term employment, support for local businesses, and a more substantial, diverse tax base for the province and local economy.

In February 2021, acquired remaining 50.4% for 100% interest

Purchased for eight million AMI shares payable in three installments