Victory Nickel Offers Enhanced Frac Sand Products
Toronto, Ontario (FSCwire) - Victory Nickel Inc. (“Victory Nickel” or the “Company”) (CSE: NI, www.victorynickel.ca) today announced that its subsidiary Victory Silica Ltd. (“Victory Silica”) has entered into a non-exclusive, one-year renewable agreement (the “Agreement”) with Trican Partnership (“Trican”) under which Victory Silica can use Trican’s proprietary DC-4 dust suppressant chemical treatment to coat its frac sand for sale to the Company’s customers in North America.
“Victory Silica is committed to supplying its customers with the highest quality and most innovative products in the frac sand industry. By entering into this agreement, Victory Silica adds a dust suppressed frac sand product offering thereby enhancing its ability to broaden its customer base and enter new markets ,” said Ken Murdock, CEO of Victory Silica.
Trican markets its DC-4-coated frac sand under the name CleanPropTM, and states that DC-4 is non-toxic and chemically inert allowing the resulting dust suppressant coated proppant to be safe to handle and compatible with all other chemicals that will be used in a fracturing fluid system. DC-4 reduces the amount of airborne visible dust or invisible crystalline silica that can result from transferring, agitating, moving sand/silica. Other advantages to using DC-4-coated frac sand over untreated natural sand include increased sand compressive strength, reduced equipment abrasion, and increased proppant conductivity.
Although DC-4-coated sand will reduce the amount of airborne dust and crystalline silica, PPE such as respirators should always be used to prevent worker exposure crystalline silica dust.
Change in CFO
Victory Nickel today announces that Mr. Steven Cresswell has resigned as Chief Financial Officer of the Company effective March 31, 2015 to pursue other opportunities. Mr. René Galipeau, CEO and Vice-Chairman has been appointed as the Interim Chief Financial Officer of the Company, pending the selection of a permanent Chief Financial Officer. During his career, Mr. Galipeau has served as Chief Financial Officer of numerous public companies in the mining industry.
Mr. Galipeau commented: "We appreciate Steve's contributions to Victory Nickel, and wish him well in the future as he pursues other opportunities."
About Trican
Headquartered in Calgary, Alberta, Trican provides a comprehensive array of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves.
About Victory Nickel
Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources and a significant frac sand resource at its Minago project. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake (currently under option to Corazon Mining Ltd.) in Manitoba, and Lac Rocher in northwestern Québec. Through a wholly-owned subsidiary, Victory Silica Ltd., Victory Nickel at its 7P Plant frac sand processing facility in Seven Persons Alberta, has established itself in the frac sand business prior to commencing frac sand production and sales from Minago.
Contact:
| Victory Nickel Inc. | Victory Silica Ltd. | |
| René Galipeau or Sean Stokes | Ken Murdock | |
| Phone: 416.363.8527 | Phone: (403) 899-0141 | |
| Fax: 416.626.0890 | ||
| Email: admin@victorynickel.ca | ||
| www.victorynickel.ca |
Forward-Looking Information: This news release contains certain forward-looking information. All information, other than information regarding historic fact that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future is forward-looking information. The forward-looking information contained in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. The forward-looking information contained in this news release is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from current expectations. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable law, the Company disclaims any obligation to update or modify such forward-looking information, either because of new information, future events or for any other reason. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/VictoryNickel12122016_0.pdf
Source: Victory Nickel Inc. (CSE:NI)
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