Black Dragon Resource Signs LOI to Acquire Sand Processing Plant in Texas
Black Dragon Resource Company (OTC:BDGR) has signed a letter of intent to acquire a sand processing plant capable of handling up to 350 tonnes per hour. The facility is expected to be relocated to the company's property and could begin generating revenue within months if completed as planned. The proposed acquisition supports Black Dragon’s strategy to commercialize its mineral assets by producing frac sand, commercial sand, and silicon chip sand. Management emphasized that this move represents an operational milestone rather than a major financial one but is critical for bringing the company closer to production readiness. Investors are advised to monitor developments regarding the completion of the acquisition, relocation progress, plant commissioning, and any updates on initial revenue generation.
Topics: acquisition frac sand processing plant