12:03 PM EDT, 07/26/2024 (MT Newswires) -- Source Energy Services ( SCEYF ) late on Thursday said it will construct a new terminal in the District of Taylor, British Columbia, with Trican Well Service ( TOLWF ) .

The terminal will be unit-train capable and will feature about 55,000 tonnes of storage and more than 12,000 tonnes of daily throughput capacity, making it one of the largest facilities in northeast British Columbia, the company said.

Construction is scheduled to begin this month with the first phase to start operations before the end of September. Full completion is expected in early 2025.

The terminal will be rail serviced by Canadian National Railway (CNR.TO).

"The new facility will provide improved sand access and help us better service our clients in northeastern British Columbia," said Trican chief executive Brad Fedora.

Source Energy shares were last seen up $0.65 to $12.10 on the Toronto Stock Exchange.

Price: 12.10, Change: +0.65, Percent Change: +5.68