Hammerstone Corporation is developing the industrial mineral potential of its extensive mineral properties in the heart of the oil sands region, approximately 60 km north of Fort McMurray, in northeastern Alberta.
The region is renowned as the home of Canada's fast-growing oil sands industry. Production from Alberta's oil sands now exceeds 2 million barrels of crude oil per day, and production is expected to triple in the next 10-20 years. To achieve this growth, the oil sands industry needs a full range of construction aggregate products for the development of new projects and to sustain ongoing mine and insitu operations.
It is estimated the oil sands operations that are underway, or have been announced, will require over 1 billion tonnes of aggregate over the life of the projects. Hammerstone is the only company capable of providing life of mine supply of quality aggregates.
Hammerstone's Quarry covers an area of about 3,600 acres, with over over 750 million tonnes of directly accessible limestone reserves. The Quarry is unique in that the outcrops are at or near surface across the Quarry area (limestone is generally buried beneath the overlying oil sands elsewhere in the region).
The Quarry provides a reliable, year-round, local source of aggregate materials that will help enhance the sustainability and environmental performance of the oil sands industry.
Hammerstone Corporation also holds leases for limestone and other minerals covering approximately 1,000,000 additional acres in the Athabasca region of Alberta. Once an oil sands mine exposes the underlying limestone, Hammerstone can make arrangements with the mine for the cost effective exploitation of this resource.