- CEO
- Zigurds R. Vitols
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 850 West Hastings Street Vancouver BC Canada V6C 1E1
- IPO Date
- Feb 28, 2008
- Business
- Select Sands Corp. (TSXV:SNS; OTC:SLSDF), formerly La Ronge Gold Corp., operates as an industrial silica product company focused on quarrying and producing high-grade Northern White silica sands; fracturing sand for unconventional oil and natural gas well completions; and related silica products supplied to industrial and energy sector customers. The company maintains a 100% interest in the 520-acre Sandtown project and associated quarry and production facilities located in northeast Arkansas, United States, providing logistical advantages to major oil and gas basins in Oklahoma, Texas, Louisiana, and New Mexico; it also owns a silica sand drying plant and rail loadout facility in nearby Diaz, Arkansas. Founded in 2006 and headquartered in Vancouver, British Columbia, Canada, Select Sands targets frac sand demand from energy producers alongside emerging industrial sand markets including glass manufacturing and construction applications across North America.
In late April 2024, the company temporarily paused operations amid subdued oil and gas activity, cautious sales forecasts, declining product pricing, high interest rates impacting its substantial debt of approximately $11.6 million, and a strategic pivot toward industrial sand diversification requiring costly facility upgrades. A primary lender issued a default notice in July 2024 for overdue payments totaling nearly $250,000, prompting ongoing merger, acquisition, and asset sale discussions to address liabilities. Most board members and the CFO resigned in December 2024 as operations largely ceased, with remaining leadership pursuing monetization of significant tax loss carryforwards and regulatory compliance under a May 2024 British Columbia Securities Commission cease trade order for delayed fiscal 2023 filings; the company now proceeds through a liquidation and winding-down process.