Chesapeake Minerals

Chesapeake Minerals is a division of Stewart Companies, a mid-Atlantic-based group of diversified businesses employing over 1600 people across multiple markets, with active mining operations in Maryland, Pennsylvania, and Colorado. The company's focus is on producing high-purity ore from the Chesapeake Bay region, emphasizing the usage of select grades of quartz gravel supplied by York Building Products Co., Inc.'s adjacent Belvedere plant, where more than 10,000 tons of alluvial sand and gravel are processed daily. Chesapeake Minerals' unique process involves crushing, washing, and classifying the quartz gravel into multiple low-iron quartz commodities. The resulting ultra-low iron glass sand (Principio White) boasts an impressive 99.998% SiO2 following magnetic separation. The company's upcoming addition, a grinding mill to produce high purity silica powders, is slated to be commissioned in the second quarter of 2022. Operating within the industrial sector and headquartered in the United States, Chesapeake Minerals presents a promising investment opportunity. With a growing demand for high-purity ore and quartz commodities, the company's strategic alliance with York Building Products Co., Inc. and its expansion plans position it as an attractive prospect for potential investors within the industrial space. As an investor, it's crucial to monitor Chesapeake Minerals' progress and developments in the coming months, given its potential for growth and impact within the industry.