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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

Post by 1dollarinto2on Sep 12, 2024 3:25pm
107 Views
Post# 36220922

Manitoba Budget

Manitoba BudgetI had hoped they would be able to announce some government support after Manitoba's budget release in the spring; however, Manitoba delayed the passing of their budget until the fall session. I believe this means Manitoba is not allowed to announce any new spending for 2024 until the budget passes through the legislative assembly.

Manitoba's fall session begins October 2nd. Hopefully this is the hold up, waiting on MB's matching portion of any federal/provincial funding packages rather than waiting on a funding commitment from the federal government.

There will be significant pressure on Manitoba's legislative assembly to pass the budget and get new dollars out to their ministries who have been relying on the interim appropriation act, 2024 since the spring.

Maybe, the warrant extension is connected to this timeline. Maybe.
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