M&A Deal Summary

Comstock Metals Acquires Select Sands - SW Gold Project

On August 11, 2016, Comstock Metals acquired metals/mining company Select Sands - SW Gold Project from Select Sands

Acquisition Highlights
  • This is Comstock Metals’ 1st transaction in the Metals/Mining sector.
  • This is Comstock Metals’ 1st transaction in Canada.
  • This is Comstock Metals’ 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2016-08-11
Target Select Sands - SW Gold Project
Sector Metals/Mining
Buyer(s) Comstock Metals
Sellers(s) Select Sands
Deal Type Divestiture

Target

Select Sands - SW Gold Project

La Ronge, Saskatchewan, Canada
Select Sands - SW Gold Project is located 40 km north of La Ronge, Saskatchewan and 80 km southwest of Silver Standard Resources Inc.’s Seabee gold mine. The Preview SW project database contains results from 162 core holes, totaling 26,250 m, drilled between 1985 and 2013. Of these, 136 were drilled on the main Preview SW deposit and form the basis for a NI 43-101 Resource.

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Buyer(S) 1

Buyer

Comstock Metals

Vancouver, British Columbia, Canada
Category Company
Founded 2007
Sector Metals/Mining
DESCRIPTION

Comstock Metals is a mineral exploration company. Its flagship 16,335 hectare QV Property is located in the White Gold district of the Yukon Territory, approximately 70 kilometres south of Dawson City. The infrastructure associated with the development of the Coffee project, including upgrading and completion of the mine access road, will benefit all projects in the district, including the QV Property. Comstock Metals was founded in 2007 and is based in Vancouver, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Select Sands

North Vancouver, British Columbia, Canada
Category Company
Founded 2006
Sector Metals/Mining
Revenue 22M CAD (2022)
DESCRIPTION

Select Sands is an industrial Silica Product company developing its 100% owned, 520-acre silica sands project located in Arkansas, USA. The Company has identified potential for an economic deposit of Tier-1 silica sands and has been issued a Mining Permit. Select Sands’ goal is to become a key supplier of premium commercial silica sand and industrial fracturing sand to the North American markets. Select Sands was founded in 2006 and is based in North Vancouver, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Mergr

Product

Company

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