An anonymous director reports
ROGUE UPDATE: SELLS ORILLIA STONE QUARRY
Rogue Resources Inc. has sold its Orillia quarry. This transaction was part of the company's previously announced sales processes for the Ontario stone quarries.
Over 15 quarters of operations, the Orillia quarry sold 53,828 tons of stone for $4.92-million of sales for Rogue.
The property was sold for $1.85-million, netting the company $1.74-million.
Rogue, as previously disclosed, has been managing a working capital deficit since 2019 and it remains committed to continuing to address its financial situation in an orderly manner.
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and quality deposits that can withstand all stages of the commodity price cycle. The company includes Rogue quartz -- focused on advancing its silica/quartz business with the Snow White project in Ontario and the Silicon Ridge project in Quebec.
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