The Board of Directors of Fairmount Minerals has assessed the solvency of the company on a pro-forma basis immediately following a recapitalization.
Fairmount Minerals is one of the largest producers of industrial sand in the USA. Approximately 80% of the company’s sales are tied to the oil and natural gas production markets with the remainder going to commercial and industrial uses, including foundries, construction, golf courses, artificial turfs, etc.
Oaklins' team in Cleveland, USA, was engaged by the Board of Directors of Fairmount Minerals to render an opinion as to the solvency of the company.
Ralph M. Della Ratta, Jr.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.