RE:RE:RE:RE:Electricity prices in North America page 7 MONTRAL, QUBEC--(Marketwired - June 21, 2017) - Canadian Metals Inc. (The "Company") (CSE:CME)(CSE:CME.CN)(CNSX:CME) confirms receipt of Hydro-Qubec's exploratory study for the power supply of its silicon alloy plant located in the Jean-Noel Tessier industrial park in Baie-Comeau. This study confirms the capacity of the network to connect the 120 MW power requirement of hydro-electricity for the production of silicon alloy. This study also confirms one of the essential premises that favored our choice of Baie-Comeau. The current network of substations and power lines at Baie-Comeau at the point of connection in the Baie-Comeau Industrial Harbor Zone is undoubtedly one of the most efficient and competitive in Quebec for high-energy projects such as the one of Canadian Metals.
In addition, the study confirms that the grid connection costs at Baie-Comeau are lower than those previously assessed in the preliminary economic study (PEA). This analysis of connection costs highlights the project's performance gains for the current phase.
The Company has asked Hydro Qubec to immediately begin a planning study to specify the scope of the work to be carried out for the connection and the associated costs. The study will also specify the connection option according to our particular reliability requirements.
The Company is in the process of providing a list of inputs to Hydro Qubec to carry out the planning study.