Select Sands Corp. has signed a lease to purchase agreement with Newport Rail Loading Facility, LLC (Arkansas) for acquiring a rail loading facility for USD 2 million paid over 5 years. The loading facility located in Diaz, Arkansas is connected to the Union Pacific Railroad mainline and is 24 km from the company’s dry processing plant. The current capacity allows for loading and shipping of one 25 car unit per day.
“The Newport Rail Facility is a right-sized investment at this point of the company’s development. It will allow dedicated loading, as required, to meet current supply commitments while management considers expansion of the facility and other transportation infrastructure options,” Zigurds Vitols, President & CEO, commented.
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