NEWS RELEASE:

AGT Food and Ingredients Inc. Announces Sale of Shortline Rail and Bulk Handling Infrastructure; Partnership with GCM Grosvenor and Mobil Grain Ltd.

This is Last Mountain Railway.

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Owned and operated by MobilGrain, LMR is an 85 mile railroad running from Regina to Davidson, Saskatchewan.

A Quick Introduction

Last Mountain Railway (LMR) runs from Regina to Davidson, Saskatchewan and then continues north to Saskatoon as the CN Craik Subdivision. LMR primarily interchanges with CN in Davidson, with some intermittent traffic interchanged through CN Regina.

LMR has a running rights agreement with CN, providing access to our affiliate railroad, Big Sky Rail (BGS). Last Mountain Railway is used mainly for the haulage of grain that is gathered along the line, but is also the only direct railway link between Saskatchewan’s two major cities, Regina and Saskatoon.

Benefits

CARS

Our AAR-Certified Railcar Repair Department inspect all inbound and outbound cars to ensure safe movement across the CN and BGS networks.

TEAM

Our team consists of Class 1 Certified Engineers and Conductors, Track Maintenance Crews, Railcar Repair Technicians, Heavy Duty Mechanics, Equipment Operators, Signal Maintainers, and Office Staff.

FLEET

Our rail fleet (which is shared with BGS) consists of 13 SD40 Locomotives, 765 Saskatchewan Grain Hoppers, as well as various track maintenance equipment, hi-rails, and gondola cars.

RAC

As a member of the Rail Association of Canada (RAC), we are up-to-date and compliant with all applicable safety regulations and are committed to the continual development of our safety culture.

Parent Company

A global but Saskatchewan-founded company, AGT Foods has become one of the world’s largest suppliers of value-added pulses, staple foods, and food ingredients.

The group of companies called “Mobil Capital” was sold to AGT in 2015. This alliance has been a very positive experience and has enabled growth on many fronts.