Pit 2 Pier – Fred Hill sells partial ownership to Canadian company

POULSBO — A Canadian company, Athabasca Minerals Inc., has agreed to purchase a 25 percent stake in the so-called pit-to-pier gravel-mining operation proposed in Jefferson County.

Athabasca, a publicly traded company based in Edmonton, Alberta, will put up $3 million and assume a minority partnership in Thorndyke Resource, the company formed by the Fred Hill family to develop and operate the pit-to-pier project.

More at the Kitsap Sun: http://www.kitsapsun.com/news/2009/sep/11/pit-to-pier-mining-operation-expands-ownership/

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