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Rogue Stone Update: more than 1000 tons sold from Bobcaygeon, Update Call Wednesday at 12pm EST
Not for Dissemination in the United States of America or to US Wire Services Sales conti...
About this update from Clean Energy Transition Inc.
[{"type":"text","content":"Rogue Stone Update: more than 1000 tons sold from Bobcaygeon, Update Call Wednesday at 12pm ESTNot for Dissemination in the United States of America or to US Wire ServicesSales continue from the Bobcaygeon Quarry, with more than 1000 tons sold through to the end of last weekAll sales completed from the quarry; buyers coordinating freight with payment terms due within seven daysProduct mix has been Armour-heavy so far, influenced by existing inventory, site cleanup and winter demand90% of sales to signatories of the Purchase Intent Agreements; Rogue is finalizing POs nowA Corporate Update conference call will be held tomorrow at 12:00pm ESTTORONTO, ON / ACCESSWIRE / January 21, 2020 / Rogue Resources Inc. (TSXV:RRS) (\"Rogue\" or the \"Company\") is pleased to announce that limestone continues to be safely produced and sold from the Bobcaygeon Quarry. Rogue Stone's team of 3-4 operators at the Bobcaygeon Quarry have been working since early November and Rogue has sold more than 1000 tons of limestone from the quarry, with the first 175 tons coming from existing inventory on site prior to the acquisition. In parallel, the team has been rehabilitating the site and ensuring compliance with Ministry requirements and preparing the site for new working areas. Site prep will be roughly 50% of the team's effort until the end of March.Once in a working area, operations are a two (Bulk) or three step (Skidded) process. First, stone is popped out by layer, using the teeth of an excavator or the forks of a loader. The second step is for the stone to be roughly shaped and then it is either ready to be loaded in Bulk or, broken and piled on a skid (skidded). Bulk product is loaded straight onto a flatbed and skidded product incorporates loading ~2.5 - 3 tons of stone onto a wooden pallet, which is then placed on a flatbed. Sales terms for the quarry are straightforward, with ownership transferring at the quarry once the stone is loaded onto the delivery trucks. Logistics to the final destination (including customs, if required) are handled by the buyers and payment terms vary from payment upon loading out to a maximum of net seven days. All sales have been priced according to the Company's Price List, consistent with management's expectations.Bobcaygeon Quarry produces Armour, Step and Flag limestone, each of which are packaged bulk or skidded...