Last C$0.06 CAD
Change Today -0.005 / -8.33%
Volume 310.5K
As of 3:59 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

victory nickel inc (NI) Snapshot

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01/16/14 - C$0.09
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11/5/13 - C$0.02
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victory nickel inc (NI) Details

Victory Nickel Inc., an exploration and development-stage mineral resource company, engages in the acquisition, exploration, evaluation, and development of nickel projects in Canada. It holds 100% interests in 4 sulphide nickel projects, including the Minago, Lynn Lake, and Mel projects located in Manitoba; and the Lac Rocher project situated in northwestern Quebec. The company was incorporated in 2006 and is headquartered in Toronto, Canada.

10 Employees
Last Reported Date: 03/31/14
Founded in 2006

victory nickel inc (NI) Top Compensated Officers

Vice Chairman and Chief Executive Officer
Total Annual Compensation: C$168.0K
President and Chief Operating Officer
Total Annual Compensation: C$136.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$69.5K
Vice President of Environment & Sustainable D...
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

victory nickel inc (NI) Key Developments

Victory Nickel, Inc. Announces First Frac Sand Sales from Seven Persons Plant

Victory Nickel Inc. announced that it has started sales of frac sand produced at its Seven Persons frac sand plant near Medicine Hat, Alberta. Sand produced during commissioning is being sold and delivered on a spot basis and the Company's first supply agreement is being negotiated. The 7P Plant is a 500,000 ton-per-year dry frac sand processing facility built by the Company during 2013/2014. Situated in an ideal location to consistently supply the higher quality Midwestern white frac sand to customers in Alberta, BC, Manitoba, Saskatchewan and North Dakota, the 7P Plant has 22,000 tons of dry sand storage capacity. The 7P Plant's capacity, inventory and location will ensure timely availability of commercial quantities of the higher quality 16/30, 20/40, 30/50 and 40/70 premium Midwestern white frac sand when and where customers need it.

Victory Nickel, Inc. Provides an Update on the Commissioning Process

Victory Nickel Inc. provided an update on the commissioning process that is currently underway at its 500,000 ton-per-year (TPY) Seven Persons frac sand plant (the "7P Plant") near Medicine Hat, Alberta. The commissioning process involves introducing washed premium-quality Jordan Formation sand from inventory stored at the 7P Plant into the newly-built drying and screening facility in order to perform the necessary tests and inspections to ensure that the 7P Plant is operating at specified performance levels. The 7P Plant is currently producing at an annualized rate of 182,000 tons; the ramp-up to full production at an annualized rate of 500,000 is expected to be complete by mid-year as additional staff is hired to operate the 7P Plant on a seven-day-per-week, 20-hour-per-day basis.

Victory Nickel's Commissioning of Seven Persons Frac Sand Plant Underway

Victory Nickel, Inc. announced that commissioning of the Company's Seven Persons frac sand plant (the 7P Plant) near Medicine Hat, Alberta is underway. The 7P Plant has approximately 22,000 tons of dry sand storage capacity, and the inventory build-up of premium-quality midwestern white frac sand is ongoing. In addition, shipments of washed, concentrated sand from the transload facility in Winona, MN continue to arrive at the 7P Plant for processing.


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