Opta Minerals Acquires Babco Industrial Corp.

Opta Minerals Inc. (TSX: OPM) completed the acquisition of all of the outstanding common shares of Babco Industrial Corp. located in Regina, Saskatchewan.

Babco is an industrial processor and supplier of petroleum coke (“pet coke”), synthetic slag, ladle sand and crushed graphite. This acquisition complements Opta Mineral’s existing product portfolio and provides for additional product line offerings to new and existing customers in the region. The Babco facility has capacity for further growth and expansion and is strategically located in proximity to its key vendors and customers. The addition of Babco further increases Opta Minerals’ position in the mill and foundry business and further expands its current position as a key service provider to the North American steel industry.

Opta Minerals is a vertically integrated provider of custom process optimization solutions and related materials for use primarily in the steel, foundry, loose abrasive cleaning and municipal water filtration industries.

Wildeboer Dellelce LLP acted for Opta Minerals in connection with the acquisition with a team that included James Brown, Mack Hosseinian and Julie Anderson (corporate/securities), Christopher Partridge and Amy Hastings (debt products) and Kevin Fritz (tax).