Prime Meridian enters a growing market with Hallmark ceramic proppants purchase

By Kasia Patel
Published: Friday, 21 November 2014

IM spoke to the Canadian junior, which hopes to gain a strategic foothold in the region through the majority acquisition and expansion of Indian ceramics proppants producer, Hallmark, about trends in the proppants market and where new demand is expected to come from.

TSX-V listed Prime Meridian Resources Corp. is in the process of acquiring a majority interest in a ceramic proppants producer in India, Hallmark Minerals Pvt Ltd.

The Canadian company signed two binding letters of intent (LOI) with Hallmark, which is located 200km southeast of Mumbai in Pune. It has its...