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This Week’s Market Buzz


  • 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.