Canadian Premium Sand Inc. Announces Acknowledgement of Support from the Province of Manitoba
Canadian Premium Sand Inc. Announces Acknowledgement of Support from
the Province of Manitoba
CALGARY, Alberta, Feb. 15, 2024 -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to
announce the acknowledgement of support for its project from the Province of Manitoba. At a press conference held in Selkirk,
Manitoba on February 14, 2024, the Manitoba government announced that it is moving forward with its support for the
Company’s integrated solar glass manufacturing facility to be constructed in Selkirk using low iron silica sand extracted near
Hollow Water First Nation.
“We are very pleased to see this announcement from the Premier of Manitoba and the Environment and Climate Change
Minister,” said Glenn Leroux, President and CEO of CPS. “We know how important this project is to meeting the goals of the
critical minerals strategy and bringing economic benefit to the province.”
“This project will be the only integrated patterned solar glass manufacturing facility in North America and enable a Made in
Canada solution to combatting climate change,” continued Leroux. “Using Manitoba’s clean hydro electric energy, our project
will produce solar glass with 50% less embedded carbon than Asia-Pacific competitors.”
Manitoba Premier Wab Kinew and the Environment and Climate Change Minister, Tracy Schmidt made the announcement in
Selkirk and the associated news release can be found here:
https://news.gov.mb.ca/news/?archive=&item=61940
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”.
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
[email protected] [email protected]
Investor Relations
587.355.3714
www.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 expectation that significant shareholder value will be created in 2024 by commercializing the
Project; the financing of the Project; the anticipated market for the Company's patterned solar glass; 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.