GlobeNewswire Inc | Dec 27, 2020 10:00AM EST

December 27, 2020

NEW YORK, Dec. 27, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Covia Holdings Corporation f/k/a Fairmount Santrol Holdings Inc. (Covia) (OTC: CVIAQ) (NYSE: CVIA) (NYSE: FMSA) between March 15, 2016 to June 29, 2020, inclusive (the Class Period).

To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=covia-holdings-corporation&id=2519 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or emailinfo@zhanginvestorlaw.comfor information on the class action.

http://zhanginvestorlaw.com/join-action-form/?slug=covia-holdings-corporation&id=2519

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Covias proprietary value-added proppants were not necessarily more effective than ordinary sand; Covias revenues, which were dependent on its proprietary value-added proppants, was based on misrepresentations; when Covia insiders raised this issue, defendants did not take meaningful steps to rectify the issue; and as a result, defendants statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than February 8, 2021.

Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.99 Wall Street, Suite 232New York, New York 10005info@zhanginvestorlaw.comtel: (800) 991-3756