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Province of Manitoba and Government of Canada to Provide Up to $272 Million in Financial Support for Canadian Premium Sand Inc.'s Solar Glass Manufacturing Facility
Sep 18, 2024•almost 2 years ago
Contract Type
partnership
CalgaryManufacturingEnergyRenewable EnergySolar
Description
Canadian Premium Sand Inc. has announced that the Province of Manitoba and the Government of Canada intend to support the Company's integrated patterned solar glass manufacturing facility with up to $272 million in financial assistance. The support includes non-dilutive financial assistance, infrastructure investment, low interest loan, and participation in the federal Indigenous Loan Guarantee Program.
Company Information
Company
Canadian Premium Sand
Location
Calgary, Alberta, Canada
About
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".
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.
Predictive Intelligence
Strategic
ML-powered predictions for Canadian Premium Sand's next move
CalgaryManufacturingEnergyRenewable EnergySolar