Nordex Explosives Ltd.
TSX VENTURE : NXX

Nordex Explosives Ltd.

December 18, 2014 07:00 ET

Nordex Continues Expansion Strategy and Optimization Initiative

KIRKLAND LAKE, ONTARIO--(Marketwired - Dec. 18, 2014) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is pleased to announce the continued expansion of its operations for its proprietary lines of explosive products to both the mining and construction sectors in Canada. The Corporation also continues to develop and introduce its Product & Blast Optimization Initiative to new and existing clients across Canada.

Ottawa/Kingston Expansion

The Corporation is finalizing an agreement to establish additional storage and distribution operations to better access and service the quarry and construction sector market in the Ottawa/Kingston region. It is expected that these additional facilities will be operational during the first half of 2015. The new operations will complement existing facilities previously established in Ontario including Kirkland Lake (primarily mining), Sudbury (mining and construction), Manitoulin Island (construction), Matheson (mining) and Muskoka (mining and construction).

Product & Blast Optimization Initiative

The Corporation is excited about the initial responses to its plans to work closely with existing and new clients to develop cost-saving initiatives of economic benefit to the users of the unique products and equipment available exclusively through Nordex Explosives Ltd. The initiative includes the identification of potential areas for cost savings through the maximization of the benefits of the unique qualities of several Nordex products. The initiative features measurable and quantifiable information that can be used by Nordex clients in assessing current operations and costs relative to their production cost per ounce or ton of material relative to their blasting methods/operations.

Jim Taylor, President & CEO of Nordex stated, "We believe the long term success of Nordex Explosives Ltd. is dependent on our ability to assist our clients in being cost effective and profitable by providing them with the best service in the industry and promoting the effective use of the unique qualities of our products and equipment. As part of our commitment to this philosophy we have developed products with characteristics that maximize their performance and built a team of professionals to support their maximum utilization."

Western Canada

Nordex continues to proceed with its Western Canada expansion, with a location secured and applications being made for operational licenses. Nordex and its joint venture partner are targeting both the mining and construction sectors, with expected sales to commence in the first half of 2015.

Management continues to focus on providing Nordex products including the full line of Buttbuster and emulsion products and the Scorpion underground loading systems to new market areas. Nordex is monitoring feedback from new and existing customers to assist in the ongoing development of our growth and marketing strategies as the benefits of our products and services gain recognition and acceptance.

About Nordex Explosives

Nordex Explosives Ltd. is a Canadian based manufacturer and distributor of explosives for the mining, quarry and construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex is the exclusive supplier of the "Buttbuster" perimeter control explosive products in Canada. Additional information can be found at www.nordexexplosives.com

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Contact Information