BRY Bri Chem Corp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Bri-Chem Corp. ("Bri-Chem" or "Company") (TSX:BRY), a leading North American
wholesale distributor and manufacturer of oil and gas drilling fluids and steel
pipe is pleased to announce that it has further expanded its footprint in the
USA wholesale drilling fluids market by adding its sixteenth new strategically
located storage area for distribution of drilling fluid products and stimulation
additives to the USA oil and gas industry. The new location is situated in
Ellis, Kansas. The warehouse and yard will be operated by Bri-Chem along with a
strategic transportation partner who will handle the delivery of the drilling
fluid and products to locations in the greater area. The drilling activity that
Bri-Chem is targeting to service is the Mississippi Lime formation that extends
from Oklahoma up into the Kansas region. 


About Bri-Chem

Since our formation in 1985, Bri-Chem has established two primary segments of
business through a combination of internal growth and acquisitions: Bri-Chem's
Drilling Fluid Division is North America's largest independent wholesale
supplier of drilling fluids for the oil and gas industry. We distribute a full
range of drilling fluid products, cementing, acidizing and stimulation additives
from 31 strategically located warehouses throughout Canada and the United
States; Bri-Chem's Steel Pipe Division is the first company to introduce and
construct a Thermal Pipe Expansion (TPE) facility in North America for
manufacturing, testing and supply of large diameter seamless steel pipe for the
energy industry. Additional information about Bri-Chem is available at
www.sedar.com or at Bri-Chem's website at www.brichem.com.


Forward Looking Statements

Certain information set forth in this news release contains forward-looking
statements or information ("forward-looking statements"), including statements
which may contain words such as "could", "should", "expect", "anticipate",
"believe", "will", and similar expressions and statements relating to matters
that are not historical facts are forward looking statements. By their nature,
forward-looking statements are subject to numerous risks and uncertainties, some
of which are beyond the Company's control, including the impact of general
economic conditions, industry conditions, volatility of commodity prices,
currency fluctuations, environmental risks, demand for oilfield services for
drilling and completion of oil and natural gas wells; volatility in market
prices for steel, oil, natural gas, and natural gas liquids and the effect of
this volatility on the demand for oilfield services generally, competition from
other industry participants, the lack of availability of qualified personnel or
management, stock market volatility and the ability to access sufficient capital
from internal and external sources. Although the Company believes that the
expectations in our forward-looking statements are reasonable, our
forward-looking statements have been based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and assumptions
are based upon currently available information. Such statements are subject to
known and unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to differ materially
from those stated, anticipated or implied in the forward looking information. As
such, readers are cautioned not to place undue reliance on the forward looking
information, as no assurance can be provided as to future results, levels of
activity or achievements. The risks, uncertainties, material assumptions and
other factors that could affect actual results are discussed in our Annual
Information Form and other documents available at www.sedar.com. Furthermore,
the forward-looking statements contained in this document are made as of the
date of this document and, except as required by applicable law, the Company
does not undertake any obligation to publicly update or to revise any of the
included forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements contained in this
document are expressly qualified by this cautionary statement.


To receive Bri-Chem news updates send your email to ir@brichem.com. 

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jason Theiss
Bri-Chem Corp.
CFO
(780) 577-0595
jtheiss@brichem.com


Robin Cook
CHF Investor Relations
Account Manager
(416) 868-1079
juliet@chfir.com


Cathy Hume
CHF Investor Relations
CEO
(416) 868-1079 x231
cathy@chfir.com

Bri Chem (TSX:BRY)
Historical Stock Chart
From May 2024 to Jun 2024

Bri Chem (TSX:BRY)
Historical Stock Chart
From Jun 2023 to Jun 2024