According to madison.com, 30 workers at U.S. Silica’s Sparta, Wis., plant will be laid off July 15, when the plant cuts back production because of the trickle-down effect of the lagging oil market, a company spokesman said. “We will operate the plant with a smaller workforce because we’ve seen a significant decrease in oil drilling, which has reduced demand for our sand” used in drilling, the company said.
Victory Nickel Inc. announced that René Galipeau, CGA has been appointed as the interim chief financial officer of the company, pending the selection of a permanent chief financial officer, effective May 7, 2015. During his career, Galipeau has served as chief financial officer of numerous public companies in the mining industry.
Claim Post Resources Inc. announced that the proceeds received from a non-brokered private placement will be used to carry out a minimum 2,000 meter drilling program towards updating a resource estimation of its Seymourville Frac Sand Project in accordance with NI 43-101 rules; and to complete design work for a Processing Facility, among other investments.