Victory Nickel Completes Seven Persons Sand Plant Asset Purchase Agreement

Victory Nickel Inc. (TSX:NI) announced that it has already completed the purchase agreement for the sand recycling facility, Seven Persons.

As quoted in the press release:

At the meeting of shareholders held in June 2012, the Company announced the creation of Victory Silica Ltd. (“VSL”). VSL was created to establish Victory Nickel’s presence in the frac sand market prior to commencing production of both nickel and frac sand at the 100%-owned Minago mine in Manitoba. The Minago feasibility study envisions production of up to 1.14 million tonnes per year of premium-quality frac sand from the Winnipeg Formation sandstone resource that overlies the Minago nickel deposit.

Click here to read the full Victory Nickel Inc (TSX:NI) press release.