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Canadian Premium Sand Inc V.CPS

Alternate Symbol(s):  CLMPF

Canadian Premium Sand Inc. is a Canada-based supplier of patterned solar glass. The Company is developing manufacturing capacity for ultra-high-clarity patterned solar glass through the Company-owned facility to be located in Selkirk, Manitoba. The facility utilizes low-iron silica sand from its wholly owned Wanipigow quarry leases and renewable Manitoba hydroelectricity. The Company is engaged in the process of raising sufficient capital for construction and operation. The Company has over 41 contiguous quarry leases located approximately 160 kilometers north of Winnipeg, Manitoba (the Wanipigow Sand Quarry) that grant the Company the exclusive right to quarry silica sand which the Company intends to use as feedstock for the patterned solar glass manufacturing facility.


TSXV:CPS - Post by User

Bullboard Posts
Post by mamothon Sep 02, 2015 9:25am
85 Views
Post# 24071121

Frac Sand Demand

Frac Sand Demand

Low oil prices are forcing oil producers to hunt for the best low-cost way to minimize production costs, and increasing sand intensity -- when combined with horizontal drilling and an increased use of frack stages and lateral lengths -- is one of the best ways to do that. 

In fact, oil producers are using as much as 10,000 tons of frac sand per well right now, and some industry leaders believe the amount could eventually triple, likely resulting in an explosion of frac sand demand.

Also remember that with much of the sand hitting the canadian markets currently coming from Wisconsin, the exchange rate will favour CPS once it achieves production.

Bullboard Posts