The Conversation (0)
Highbank Resources (TSXV:HBK) reported milestones achieved in 2014, and plans for production in 2015. Swamp Point North is ready for production in Q1 of 2015.
As quoted in the press release:
The Company has quoted on: the Container Port expansion to Ledcor; the proposed Canpotex, potash export terminal; Bechtel Engineering for Petronas/PNW LNG; Royal Boskalis Westminster N.V. for subsea pipelines. Golder Associates Ltd. has also made a site visit on behalf of their client, Imperial Oils partner in WCC LNG, to examine our material for construction suitability. The bulk of these projects are slated for 2015/16. Preliminary discussions are also ongoing for the potential of shipping our finished aggregates to Alberta and Saskatchewan.
… In review, the Company is extremely pleased with the progress we have made over the last year. We have taken an exploration project to a production ready facility; designed and obtained all necessary permits, approvals, and licenses to build and operate an oceanside aggregate quarry; raised project financing during an extremely difficult global market trend; and above all constructed a significant remote commercial barge and ship load-out facility. Overall, a huge effort for a small Company, with few employees. Given the progress to date, we are excited about the potential for 2015 and subsequent years.
Highbank Resources CEO Victor Bryant said:
Although presently we are not in production… Swamp Point North (“SPN) is production ready for Q1 2015. During 2014, our Company has been inundated with requests for quotations on a variety of infrastructure projects. I would like at this time to provide guidance regarding future potential for 2015 and onward.
Click here to read the Highbank Resources (TSXV:HBK) press release
Click here to see the Highbank Resources (TSXV:HBK) profile.