Canadian Premium Sand Inc. Engages Green City Glass LLC as Client Technical Representative for its Solar Glass Manufacturing Facility and Provides Update on Capital Raising Initiatives
19 4월 2022 - 8:00PM
Canadian Premium Sand Inc. (“
CPS”
or the “
Company”) (TSXV: CPS) is pleased to
announce it has engaged Green City Glass LLC (“Green City Glass”)
to be its client technical representative for the next phase of
development of its Manitoba based solar glass manufacturing
facility and integrated silica sand supply quarry (the “Project”).
After concluding an in-depth selection process,
the Company has retained Green City Glass to assist the Company in
its selection of the key service providers needed to construct the
Company’s solar glass manufacturing facility. Green City Glass will
also provide oversight in vendor selection, plant design
construction management, commissioning, staffing and preparation
for efficient and profitable plant operations.
Green City Glass is a Pennsylvania-based
technical and business consulting firm with proven expertise in
solar glass manufacturing technology and operational processes. The
principals of Green City Glass have over 80 years of glass
manufacturing experience, with each having deep expertise in
facility design, construction, operations and maintenance.
The Company and Green City Glass will initially
be focused on the selection of the optimal engineering, procurement
and construction contractor (the “EPC Contractor”) for the Project.
Working with the EPC Contractor, the Company will complete detailed
engineering and design for the Project, including a final
determination of output volumes, production line configuration,
forecast revenue and capital cost estimates. This process will be
additive to the Company’s preliminary FEED study that was conducted
by cm.project.ing GmbH, an independent glass industry consultant,
which contemplated the development and operation of a 550 tonne per
day patterned solar glass facility with a Class 4 cost
estimate.
“We are pleased to have the professionals at
Green City Glass acting as our technical representative as we
proceed to the detailed engineering phase of our solar glass
facility which will be the first of its kind in North America,”
stated Glenn Leroux, President and CEO of CPS. “Our planned
activities over the coming months will contribute to a final
investment decision for a de-risked, shovel-ready and capitalized
project that is expected to generate significant shareholder
value.”
The Company continues to advance, with the
assistance of its co-financial advisors (Fort Capital Partners and
Peters & Co. Limited), its process of raising external capital
to fund the development and construction of the Project. As the
preliminary preparation work for this process continues to proceed,
no definitive timelines or action with respect to this process have
been determined at this time. The Company looks forward to
reporting on material developments as the Project advances.
About Canadian Premium Sand Inc.
The Company is developing manufacturing capacity
for ultra high-clarity 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".
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
CONTACT
INFORMATION:
Canadian Premium Sand Inc. |
|
Glenn Leroux |
Cam Deller |
President and Chief Executive Officer |
Chief Financial Officer |
glenn.leroux@cpsmail.com |
cam.deller@cpsmail.com |
|
|
Investor
RelationsIR@cpsmail.com587.355.3714www.cpsglass.com
Forward Looking Information
Certain statements contained in this press
release constitute forward-looking statements relating to, without
limitation, expectations, intentions, plans and beliefs, including
information as to the future events, results of operations and the
Company’s future performance (both operational and financial) and
business prospects. In certain cases, forward-looking statements
can be identified by the use of words such as “expects”,
“estimates”, “forecasts”, “intends”, “anticipates”, “believes”,
“plans”, “seeks”, “projects” or variations of such words and
phrases, or state that certain actions, events or results “may” or
“will” be taken, occur or be achieved. Such forward-looking
statements reflect the Company's beliefs, estimates and opinions
regarding its future growth, results of operations, future
performance (both operational and financial), and business
prospects and opportunities at the time such statements are made,
and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or
circumstances should change. Forward-looking statements are
necessarily based upon a number of estimates and assumptions made
by the Company that are inherently subject to significant business,
economic, competitive, political and social uncertainties and
contingencies. Forward-looking statements are not guarantees of
future performance. In particular, this press release contains
forward-looking statements pertaining, but not limited, to: the
steps to be taken for the next phase of development of the Project;
the anticipated benefits of engaging a client technical
representative and the initial work focus and purpose of engaging
such a party; the planned activities over the coming months and the
contribution of such activities; the intention not to make any
further comment about the matters contained in this press release
unless there are material developments; future development plans;
industry activity levels; industry conditions pertaining to the
solar glass manufacturing industry; the ability of and manner by
which the Company expects to meet its capital needs; and the
Company's objectives, strategies and competitive strengths. By
their nature, forward-looking statements involve numerous current
assumptions, known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to differ materially from those
anticipated by the Company and described in the forward-looking
statements. The forward-looking information and statements
contained in this document speak only as of the date hereof and the
Company does not assume any obligation to publicly update or revise
them to reflect new events or circumstances, except as may be
required pursuant to applicable laws.
Canadian Premium Sands (TSXV:CPS)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Canadian Premium Sands (TSXV:CPS)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024