Canadian Premium Sand Inc. (CPS) has announced achievement of several major milestones as the Company works towards building North America’s first integrated patterned solar glass manufacturing facility.
- Three binding commercial off-take agreements have been signed as well as multiple MOU’s have been signed
- Pre-construction engineering and design is complete and a turn-key EPC agreement has been signed
- Environmental Act License issued by the province of Manitoba to CPS to construct and operate a patterned solar glass manufacturing facility
- Vice President, Glass Operations appointed and board of directors enhanced with solar energy industry expertise
- Formal financing process initiated with Fort Capital Partners and Peters & Co. Limited engaged as co-financial advisors
“We are excited to have reached this important stage in the development of our integrated solar glass manufacturing project,” said CPS President and CEO, Glenn Leroux. “With strong revenue visibility through binding commercial off-take agreements and a high degree of certainty with capital costs and operational performance through our EPC agreement we are confident in our ability to commercialize this high return Project, supporting the global energy transition. With our recent additions of industry expertise to the team, we look forward to a successful financing process that capitalizes our project and enables the delivery of our exciting business plan.”