Whitemud receiver sets bid deadline for metakaolin operation, quarry leases

Source: Deloitte & Touche Inc., Calgary; CP staff

Court appointed receiver Deloitte has outlined a February 14–28 schedule to review offers for the assets of Whitemud Resources Ltd., whose business plan centered on production of concrete- and energy-grade high reactivity metakaolin (HRM). Key assets are a 175,000-ton/year production facility in Saskatchewan, close to the U.S. border, and 25 quarry leases spanning 12,300 acres of nearby kaolin clay deposit.

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