Canadian Premium Sand Reports Q3 2024 Financial Results
![Canadian Premium Sand Reports Q3 2024 Financial Results](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
Canadian Premium Sand Inc. Announces Third Quarter 2024 Results
Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce its third quarter 2024 financial results. The Company’s interim financial statements and notes thereto and Management’s Discussion and Analysis for the three and nine months ended June 30, 2024, are available under CPS’s SEDAR+ profile.
Highlights of the Third Quarter
The Company devoted its time and resources during the three-month period ended June 30, 2024, to advancing its integrated patterned solar glass manufacturing facility in Selkirk, Manitoba (the “Project”). During this time, the Company:
Investor Engagement
Continued discussions with certain debt and equity capital investors that have expressed interest in financing the Project.
Government Collaborations
Remained engaged with both the Province of Manitoba and the Government of Canada to progress potential financial incentive packages.
“We look forward to securing financial incentive packages from the Governments of Canada and Manitoba that will enable the Company to move rapidly towards a successful financing of the Project. The demand for patterned solar glass in North America continues to accelerate, with visibility for upwards of 65GW of demand by 2030, which represents a 500% increase from current levels. We remain focused on establishing North America’s first source of patterned solar glass and facilitating our customers’ stated goal of securing a low-risk and low-carbon solar energy supply chain,” stated Company President & CEO, Glenn Leroux.
About Canadian Premium Sand Inc.
The Company is developing manufacturing capacity for ultra high-clarity patterned solar glass through a Company-owned facility located in Selkirk, Manitoba that utilizes the high-purity, low-iron silica sand from its wholly owned Wanipigow quarry leases and renewable Manitoba hydroelectricity. The Company is a reporting issuer in Ontario, Alberta, and British Columbia. Its shares trade on the TSXV under the symbol "CPS".
Contact Information
Canadian Premium Sand Inc.
Glenn Leroux
President and Chief Executive Officer
glenn.leroux@cpsmail.com
Cam Deller
Chief Financial Officer
cam.deller@cpsmail.com
Investor Relations
Email: IR@cpsmail.com
Phone: 587.355.3714
Website: www.cpsglass.com
Frequently Asked Questions
What were the main developments for CPS in Q3 2024?
In Q3 2024, CPS focused on advancing its solar glass manufacturing project, engaging with potential investors, and collaborating with government bodies for financial incentives.
How is CPS planning to finance its solar glass project?
The Company is in discussions with both debt and equity capital investors, and it is also seeking financial incentives from provincial and federal governments.
What is the expected demand for patterned solar glass?
The anticipated demand for patterned solar glass in North America is projected to reach upwards of 65GW by 2030, marking a significant increase from current demand levels.
Where is CPS's manufacturing facility located?
CPS is developing its solar glass manufacturing facility in Selkirk, Manitoba, utilizing local resources and renewable hydroelectricity.
What are the stock ticker details for Canadian Premium Sand Inc.?
This Company trades on the TSXV under the ticker symbol "CPS".
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Mercer International Inc. to Speak at Jefferies 2024 Conference
- Timbercreek Financial Announces Monthly Dividend Payment
- AgEagle Aerial Systems Reports Strong Sensor Sales Growth
- Inventronics Limited Reports 2024 Q2 Financial Performance
- Stifel Financial Corp. Updates July 2024 Performance Metrics
- Kane Biotech Announces Upcoming Financial Results Call
- DIAGNOS Schedules 2024 Annual General Meeting Announcement
- Daktronics, Inc. Announces Upcoming Financial Results
- Kimpton Santo Hotel Opening August 2024 in San Antonio
- Pfizer and BioNTech's 2024-2025 COVID-19 Vaccine Approval