CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) -- 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
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"). Specifically, the Company:
Continued discussions with certain debt and equity capital investors that have expressed interest in financing the Project; and
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 to 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 to be 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".
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