Rainmaker, Arkansas Silica Strike Deal
- Published: Friday, 27 June 2014 13:14
Rainmaker Resources (RMR) concluded a deal by way of a binding Letter Agreement with Arkansas Silica LLC (ASL) to option the 304-acre Bray frac sand property in Northeast Arkansas. ASL currently has a purchase option on the property from the landowners. RMG has tested and assessed the initial potential and plans to deliver an NI 43-101 resource estimate in 90-120 days, according to a report in the Financial Times.