Nomad Ventures Announces Third Purchase Order
Nomad Receives $1.6-million, 50,000 tonne Stone Order
Nomad Ventures Inc. (NMD:tsxv) has received a purchase order for 50,000 tonnes of quarried stone products from a well-established Lower Mainland heavy construction and aggregate company. The Purchase Order also includes 50,000 tonnes of construction fill that will be tug and barged back to the St. Vincent Bay Property for processing. The Purchase Order represents revenue of more than $1.6 million and has a delivery schedule over the next 2 years.
The addition of this Purchase Order and the previously announced Apex and Headwater Purchase Orders (May 14, 2015 and May 20, 2015) now represents more than $5.9 million dollars in revenue for Nomad.
Brent Forgeron, President/CEO, states “Nomad has reached another very important milestone by securing a third Purchase order since announcing receipt of our commercial sand, gravel and granite quarry permit from the BC Ministry of Energy and Mines on March 9, 2015. This further validates the quality of the deposit located at the St. Vincent Bay Quarry and the demand for the aggregate and specialty rock products that will be produced there.”
Additional aggregate and specialty rock supply contracts with British Columbia based construction and development companies are currently being negotiated by Nomad to meet the initial allowable volumes of the Company’s mining permit.Technical material in this news release has been reviewed by James H. Place, P.Geo., a Director of the company and a Qualified Person as defined in NI43-101.
The commencement of production on the St. Vincent Bay Property will not be based on a feasibility study of mineral reserves demonstrating economic and technical viability.
Nomad Ventures Announces Second Purchase Order
May 20, 2015 – News Release – Nomad Ventures Inc. (“Nomad”) (NMD:tsxv) is very pleased to announce that it has received a purchase order for 85,000 tonnes of aggregate and specialty rock products from Headwater Management Ltd. (“Headwater”), a North Vancouver and Lower Mainland excavation and trucking contractor. (the “Headwater Purchase Order”).
The Headwater Purchase Order also includes 100,000 tonnes of construction fill that will be tug and barged back to the St. Vincent Bay Property for processing. The Purchase Order represents revenue of more than $2.3 million and has a delivery schedule over the next 2 years.
The Headwater Purchase Order is another important milestone towards establishing Nomad as a significant aggregate and rock product supplier for the Vancouver/Lower Mainland market.
Additional aggregate and specialty rock supply contracts with British Columbia based construction and development companies are currently being negotiated by Nomad to meet the initial allowable volumes of the Company’s mining permit.
The Headwater Purchase Order and the previously announced Apex Purchase Order announced May 14, 2015, now represents more than $4.3 million dollars in revenue for Nomad.
Technical material in this news release has been reviewed by James H. Place, P.Geo., a Director of the company and a Qualified Person as defined in NI43-101.
The commencement of production on the St. Vincent Bay Property will not be based on a feasibility study of mineral reserves demonstrating economic and technical viability.
Nomad Ventures (NMD:V) receives Sand and Gravel Permit for it’s St. Vincent Bay Property
2015-03-09 – News Release – Nomad Ventures Inc. (NMD:TSXV) has received its sand and gravel permit for the St. Vincent Bay quarry, located on the Sunshine Coast of British Columbia. This permit is granted by the BC Ministry of Energy and Mines and indicates the Provincial Government’s approval of Nomad’s Work System and Reclamation Plan as prepared and submitted by the Company on April 23, 2014.
The permit entitles the Company to commence operations on the property as a commercial sand, gravel and granite quarry.
A reclamation bond has been posted by the Company and has been accepted by the Ministry of Energy and Mines as part of this approval process.
The Sand and Gravel Permit allows the Company to begin production operations at the quarry. Nomad Ventures will begin by clearing and stripping the mine footprint (raw material source area) in preparation for sand, gravel and quarried stone extraction and processing. The Company is very pleased with the successful accomplishment of this significant milestone and looks forward to beginning work on the property as soon as equipment and crews can be mobilized.
Delivery of aggregate product to customers will begin as soon as the site is prepared and the mandated official notifications are made to local communities and the Ministry of Energy and Mines.
The commencement of production on the St. Vincent Bay Property will not be based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore there is increased uncertainty and risk of failure associated with this production decision. Production will be subject to the Company obtaining sales contracts for the purchase of sand, gravel and/or quarried stone product. The Company is actively pursuing sales contracts for its products.
James H. Place, P.Geo., a Director of the company and a Qualified Person as defined in NI43-101, has reviewed and approved the scientific and technical content of this news release.
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