Canadian Premium Sand Inc. Reports Third Quarter 2024 Results
Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is excited to share its financial results for the third quarter of 2024. The interim financial statements, along with notes and Management’s Discussion and Analysis for the three and nine months ending June 30, 2024, can be found on CPS’s SEDAR+ profile.
Key Highlights from the Third Quarter
During the three-month period that concluded on June 30, 2024, the Company focused its efforts on progressing its integrated patterned solar glass manufacturing facility located in Selkirk, Manitoba (the “Project”). Throughout this time, the Company:
Engagement with Investors
Continued its discussions with various debt and equity investors who have shown interest in funding the Project.
Collaborations with Government
Maintained active communication with both the Province of Manitoba and the Government of Canada to explore potential financial incentive packages.
“We are eager to secure financial incentive packages from the Governments of Canada and Manitoba, which will allow us to move swiftly toward successful financing of the Project. The demand for patterned solar glass in North America is rapidly increasing, with projections indicating a need for over 65GW by 2030—representing a remarkable 500% rise from current levels. Our commitment remains to establish North America’s first source of patterned solar glass and to support our customers in achieving a reliable and low-carbon solar energy supply chain,” said Glenn Leroux, President & CEO of the Company.
About Canadian Premium Sand Inc.
The Company is working on developing manufacturing capabilities for ultra high-clarity patterned solar glass at its facility in Selkirk, Manitoba. This facility utilizes high-purity, low-iron silica sand sourced from its wholly owned Wanipigow quarry leases, along with renewable hydroelectric power from Manitoba. CPS is a reporting issuer in Ontario, Alberta, and British Columbia, and its shares are traded 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 concentrated on advancing its solar glass manufacturing project, engaging potential investors, and collaborating with government entities for financial support.
How is CPS planning to finance its solar glass project?
The Company is actively discussing financing options with both debt and equity investors, while also pursuing financial incentives from provincial and federal governments.
What is the anticipated demand for patterned solar glass?
The expected demand for patterned solar glass in North America is projected to exceed 65GW by 2030, indicating a substantial increase from current demand levels.
Where is CPS's manufacturing facility located?
CPS is establishing its solar glass manufacturing facility in Selkirk, Manitoba, leveraging local resources and renewable hydroelectric power.
What are the stock ticker details for Canadian Premium Sand Inc.?
The Company is listed on the TSXV under the ticker symbol "CPS".
