The Q1-2023 Financial Statements, Management's Discussion and Analysis, as well as the CEO Certification and CFO Certification (together the 'Q1 Financials') are available on SEDAR at www.sedar.com and on the company website (www.athabascaminerals.com).
In an effort to adapt to changing market dynamics and capitalize on emerging opportunities, AMI has implemented a comprehensive business refocusing plan. This strategic shift has involved reevaluating core competencies, streamlining operations, and realigning resources to ensure sustainable long-term growth.
Increased demand for AMI's sand products has been instrumental in driving revenue growth in the first quarter. Revenue of
Our Q1 earnings report reflects the ongoing efforts and commitment of our team as we navigate through this period of refocusing and alignment,' said
BUSINESS HIGHLIGHTS
An operating loss of
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Key Operational Highlights
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ABOUT
Contact:
Tel: 587-392-5862
Email: cheryl.grue@athabascaminerals.com
FORWARD-LOOKING STATEMENTS
This news release contains certain statements or disclosures relating to Athabasca that are based on the expectations of its management as well as assumptions made by and information currently available to Athabasca which may constitute forward-looking statements or information ('forward-looking statements') under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Athabasca anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words 'would', 'will', 'anticipates', believes', 'explores' and similar expressions.
Athabasca believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation: a significant expansion in COVID-19 restricting or prohibiting the operation of the Athabasca's facilities or significantly impacting the Company's supply chain; the duration and extent of the relatively low global oil prices; general economic, market and business conditions including those in the event of an epidemic, natural disaster or other event; increased costs and expenses; reliance on industry partners and certain other risks detailed from time to time in Athabasca's public disclosure documents including, without limitation, those risks identified in this news release, and in Athabasca's annual information form, copies of which are available on Athabasca's SEDAR profile at www.sedar.com. Moreover, the duration and impact of the COVID-19 pandemic is unknown at this time and it is not possible to reliably estimate the length and severity of these developments and the impact on the financial results and condition of the Company.
Readers are cautioned not to place undue reliance on these forward-looking statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Corporation does not undertake any obligation to update or revise any of the forward-looking statements, except as may be required by applicable securities laws.
Additional information on these and other factors that could affect the Corporation's operations and financial results are included in this news release and may be accessed under Athabasca's profile on SEDAR at www.sedar.com.
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