Athabasca Minerals Inc. News Releases

Athabasca Minerals Inc. Granted Stay Extension and Replacement Interim Financing

Mon, 11 Mar 2024 16:30:00 -0400

Edmonton, Alberta--(Newsfile Corp. - March 11, 2024) - Athabasca Minerals Inc. (TSXV: AMI) (together with its subsidiaries, collectively, "Athabasca" or the "Corporation") announce that it has obtained an order (the "Order") from the Court of King's Bench of Alberta (the "Court") on March 8, 2024 in support of its restructuring efforts under the Notice of Intention to Make a Proposal (the "NOI"). This Order extends the current stay period to April 22, 2024 (the "Stay Extension"), amending and...

Athabasca Minerals Inc. Announces Corporate Sale Transaction Valued at CAD $29.2 Million

Thu, 15 Feb 2024 14:56:00 -0500

Edmonton, Alberta--(Newsfile Corp. - February 15, 2024) - Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, "Athabasca" or the "Corporation") announces today that it has entered into a transaction agreement (the "Agreement") with Badger Mining Corporation (the "Purchaser" or "Badger") for the acquisition of the Corporation by Badger (the "Transaction"). The Transaction is to be implemented by way of a subscription agreement between the Corporation and the...

Athabasca Minerals Inc. Granted Extension of Stay Period and Provides Update on Sales Process

Mon, 29 Jan 2024 16:30:00 -0500

Edmonton, Alberta--(Newsfile Corp. - January 29, 2024) - Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, "Athabasca" or the "Corporation") announces that it has obtained an order from the Court of King's Bench of Alberta (the "Court") on January 26, 2024 in support of its restructuring efforts under the Notice of Intention to Make a Proposal (the "NOI"). This order extends the current stay period to March 11, 2024 (the "Stay Extension"), amending and restating...

Athabasca Minerals Inc. Announces Commencement of Court-Approved Sale and Investment Solicitation Process

Fri, 15 Dec 2023 10:59:00 -0500

Edmonton, Alberta--(Newsfile Corp. - December 15, 2023) - As previously announced on November 14, 2023, Athabasca Minerals Inc. (TSXV: AMI), together with its subsidiaries (collectively, "Athabasca" or the "Corporation") commenced a restructuring process by filing Notices of Intention to Make a Proposal to its creditors (the "NOI") under the provisions of Part III, Division 1 of the Bankruptcy and Insolvency Act (Canada), as amended (the "BIA"). KSV Restructuring Inc. is acting as proposal...

Athabasca Minerals Inc. Announces Q3 - 2023 Financial Results, Resignation of Donald Paulencu as Director and Chairman, and Update on Notice of Intention Process

Wed, 29 Nov 2023 17:54:00 -0500

Edmonton, Alberta--(Newsfile Corp. - November 29, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") reports its financial and operating results for the three and nine months ended September 30, 2023 ("Interim Financial Statements") along with the associated Management's Discussion & Analysis ("MD&A"). Athabasca also announces that Mr. Donald Paulencu has tendered his resignation as Director and Chairman of the Corporation. THIRD QUARTER FINANCIAL UPDATEThe financial...

Athabasca Minerals Inc. Announces Termination of the Arrangement Agreement with JMAC Energy Services LLC, Resignation of Jon McCreary as Director, Notice of Intention to Make a Proposal and Filing of Restated Financial Statements

Tue, 14 Nov 2023 13:00:00 -0500

Edmonton, Alberta--(Newsfile Corp. - November 14, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") announces the termination of the arrangement agreement dated September 20, 2023 between JMAC Energy Services LLC ("JMAC") and Athabasca (the "Arrangement Agreement"), resignation of Jon McCreary as director of the Corporation, the filing of a Notice of Intention ("Notice of Intention") to Make a Proposal to its creditors under the provision of Part III, Division of the...

Athabasca Minerals Inc. Announces Requirement to Restate Its Financial Statements and MD&A and Postponement of the Special Meeting

Mon, 30 Oct 2023 20:26:00 -0400

Edmonton, Alberta--(Newsfile Corp. - October 30, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") announces that, based on discussions with its auditors, the Corporation is required to amend and restate its audited consolidated financial statements for the years ended December 31, 2021 and December 31, 2022 ("Annual Financial Statements") and the associated Management's Discussion & Analysis, as well as the interim condensed consolidated financial statements and the...

Athabasca Minerals Inc. Enters into Agreement to be Acquired by JMAC Energy Services LLC and Enters into an Amended Loan Agreement

Thu, 21 Sep 2023 07:30:00 -0400

Edmonton, Alberta--(Newsfile Corp. - September 21, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("Athabasca" or the "Corporation") announces that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with JMAC Energy Services LLC (the "Purchaser" or "JMAC") pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding common shares of Athabasca ("Athabasca Shares"), other than Athabasca Shares already owned or controlled by the Purchaser,...

Athabasca Minerals Announces Q2 2023 Financial Results and Postponement of Shareholder Meeting Date

Thu, 24 Aug 2023 16:30:00 -0400

Calgary, Alberta--(Newsfile Corp. - August 24, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI" or the "Corporation"), announces its Q2 Financial Statements for the second-quarter ending June 30, 2023. The Q2 2023 Financial Statements and Management's Discussion and Analysis are available on SEDAR+ at www.sedarplus.ca and on the Corporation's website at www.athabascaminerals.com. Q2 2023 HIGHLIGHTSSigned multi-year transload agreement for the delivery of silica sand into the Grande Prairie,...

Athabasca Minerals Announces Agreement for Disposition of Non-Core Assets and Amended Loan Agreement

Fri, 30 Jun 2023 18:10:00 -0400

Edmonton, Alberta--(Newsfile Corp. - June 30, 2023) - Athabasca Minerals Inc. (TSXV: AMI) ("AMI" or the "Corporation") announced today that it has executed and closed a definitive sale agreement (the "Sale Agreement") with an independent, arm's length purchaser, to divest of certain non-core assets within the aggregates division (the "Disposition" and "Disposed Assets") for total cash consideration of C$3.2 million, before normal closing adjustments. The Sale Agreement had a closing date of June...