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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 Cameroonon Sep 19, 2024 9:41am
45 Views
Post# 36230764

Dont get too excited

Dont get too excited
CPS probably wont get a whole lot of funds from anyone until they can pull in several hundred million on their own.  Apparently then some of the goverment committment will then flow in, but not until then.
You can expect a fair bit of time, and dilution, to pool all the money needed to get this thing off the ground.  Their @800 million plant estimate might also be double that by the time their done. If they use all the Manitoba born, extremely optimistic Project Managers that never seem to get it right, then they need a billion or so just to get the 272 million in government loans.

Insider buying?  Dont expect it for a while, this thing will crawl along for some time yet.  
I'll watch from the sidelines with interest, it would be a nice opportunity for Selkirk, MB



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