CALGARY, Sept. 12, 2016 /CNW/ - Wayfinder Corp. ("Wayfinder") today announced the signing of an agreement with Badger Mining Corporation ('Badger') to be the exclusive industrial silica and sand products tenant from its temporary transloading facility in Obed, Alberta.
Wayfinder is currently designing and starting construction on a best-in-class resin-coated proppant manufacturing plant and transloading facility. This facility is anticipated to be commissioned towards the end of 2017, and in the meantime, Wayfinder intends to transload Badger sand from a temporary transload facility set up adjacent to where the resin-coated plant is being built. The temporary transload is expected to have a capacity exceeding 200,000 MT per year. After the permanent resin-coated plant and transloading facility is complete, it is anticipated that the capacity for moving proppants will approach 1,000,000 MT annually.
The Obed property features approximately 8 kilometers of rail track directly on the CN main line and adjacent to the Yellowhead Highway. The property also includes exclusive access to a bridge-crossing over the Athabasca River, providing a significant shortcut to many northern wellhead locations. Adam Katz, leader of sales and marketing at BMC, says "We're very excited to work with Wayfinder to bring our latest terminal in Obed to market. Obed is a key part of our strategy to increase our footprint and focus on large scale, unit train capable sites that are fit for purpose in Western Canada.".
Badger, based in Berlin, Wisconsin, currently provides quality products into the Canadian market and seeks to increase the volumes shipped to Canada through the Wayfinder transload. "As the industry recovers from historically low activity levels, we see significant opportunity for Wayfinder and Badger to work together in supplying Deep Basin customers the proppants they require" says Chad Bremner, CEO of Wayfinder.
Wayfinder Corp. is a privately owned, Western Canadian focused, upstream oil & gas solutions company. The company's focus is on providing products and services that enhance oil & gas completions and create value for our customers. Our team is made up of experienced industry professionals who have spent their careers in upstream services here in Western Canada. Wayfinder Corp is proud to be an ARC Financial Portfolio Company and is looking forward to servicing the Western Canadian Oil and Gas Sector with solutions that improve productivity and reduce the cost of hydraulic fracturing treatments in a safe and environmentally friendly manner.
ABOUT BADGER MINING CORPORATION
Badger Mining Corporation (BMC) is committed to producing high quality products, operating our facilities in an environmentally responsible manner, ensuring the health and wellness of our associates and of the communities in which we operate. The sand and coated sand products produced by BMC are used in a variety of industrial and environmental applications. The primary markets we serve are oil and gas production (hydraulic fracturing) and metals casting. Other markets include construction, field turf, filter media and water filtration. For more information, visit the company's website at www.badgerminingcorp.com
SOURCE Wayfinder Corp.
Image with caption: "Wayfinder Corp. (CNW Group/Wayfinder Corp.)". Image available at: http://photos.newswire.ca/images/download/20160912_C3529_PHOTO_EN_771936.jpg
For further information: COMPANY CONTACTS: Michael Burnyeat, Chief Financial Officer, firstname.lastname@example.org, (587) 349-7384; Chad Bremner, Chief Executive Officer, email@example.com, (587) 349-7387