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Canadian Premium Sand Inc V.CPS

Alternate Symbol(s):  CLMPF

Energy Oil & Gas Equipment & Services
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

Canadian Premium Sand Inc > CPS Makes Major Announcements
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Post by FLASH1113on May 11, 2023 11:23pm
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Post# 35444673

CPS Makes Major Announcements

CPS Makes Major AnnouncementsCPS is pleased to announce achievement of several major milestones as the Company works towards building North America’s first integrated patterned solar glass manufacturing facility:
 
  • Three binding commercial off-take agreements have been signed representing a minimum of 62% of planned output capacity, with optionality to increase to 77%
  • Multiple MOU’s have been signed, representing an additional 170% of planned output capacity, that are expected to convert into commercial off-take agreements such that the project is 100% contracted
  • Pre-construction engineering and design is complete and a turn-key EPC agreement has been signed providing capital cost certainty and operational performance guarantees
  • Off-take agreements and fixed cost certainty underpin attractive project economics (>18% unlevered before-tax IRR)
  • Environmental Act License issued by the province of Manitoba to CPS to construct and operate a patterned solar glass manufacturing facility
  • Vice President, Glass Operations appointed and board of directors enhanced with solar energy industry expertise
  • Formal financing process initiated with Fort Capital Partners and Peters & Co. Limited engaged as co-financial advisors
 
The full press release can be found here.
 

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