Konya Mining Co. (KMC) sold its North American construction aggregate and industrial minerals portfolio to Summit Sand & Aggregates.
Under the agreement, Summit will continue to operate all of Konya Mining’s existing sites. Summit has also expressed plans to further expand into strategic industrial markets, with a particular focus on the silica sand sector.
“This transaction marks a successful outcome for Konya Mining and validates the work our teams have done to build out high-quality reserves in competitive industrial markets,” says Anthony Konya, founder and CEO of Konya Mining. “We are proud of what was built, how it was built and the value realized through this divestment.
“The buyer has the operational focus and strategic alignment to continue investing in these sites, supporting customers and expanding into new industrial applications,” Konya adds.
With the divestment of its construction and industrial minerals divisions, Konya Mining is sharpening its focus on critical minerals and rare earth metals, aligning its next phase of growth with U.S. supply-chain security and domestic industrial resilience.
“This was not an exit from mining – it was a strategic redeployment of capital, attention and expertise,” Konya says. “For several months, we have been working closely with partners and stakeholders, evaluating deposits, jurisdictions and market dynamics to determine the right entry point into critical minerals and rare earths.”
Konya Mining is currently analyzing multiple prospective opportunities and negotiating with a range of domestic and international stakeholders, with the objective of entering critical mineral and rare earth markets in 2026.
“Our goal is not incremental participation, it is to materially impact these markets in the near future,” Konya says. “Critical minerals and rare earth elements are foundational to national defense, energy infrastructure and advanced manufacturing. The United States cannot afford fragile supply chains, and Konya Mining Company intends to be part of a durable, long-term solution representing America’s industrial interests.”
