Canadian Premium Sand Inc. Selected to Participate in an Exclusive Investor Conference in Dubai, U.A.E

CALGARY, Alberta, March 17, 2022 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce it will be participating in an exclusive investor conference with UAE-based funds, on the margins of Expo Dubai on March 18, 2022.

The Company will be one of several companies presenting investment-ready projects from across the transportation, infrastructure and renewable energy sectors to senior executives at key sovereign wealth funds and offices that represent over $1 trillion of assets under management. The company is working with partners including Invest in Canada, the federal government’s central coordinating agency for foreign direct investment, to continue building awareness for this unique opportunity with investors.

The Company will be highlighting the key attributes of its planned patterned solar glass manufacturing project, which include:

  • North American solar energy infrastructure is forecast to grow >20% annually(1) with strong industry demand to onshore the supply chain;
  • First mover advantage with no other patterned solar glass manufacturing facilities existing in North America;
  • Ownership of a rare and wholly owned solar spec silica sand resource;
  • Access to low-cost renewable hydroelectricity and critical logistics/infrastructure;
  • 50% lower carbon intensity relative to current Asia-Pacific solar glass supply(2);
  • Positive community impact through existing participation agreements with local First Nations and the creation of over 300 full-time employment opportunities;
  • Strong phase 1 project economics(3) with a projected pre-tax IRR of over 25% and NPV-10% of over $800 million, assuming current solar glass prices; and
  • The option to pursue an internally funded phase 2 expansion that would enhance projected pre-tax IRR and NPV-10% beyond 30% and $1.5 billion respectively(3).

“We are excited by the opportunity to introduce our solar glass manufacturing project to the many large investment funds that will be in attendance at this exclusive event,” stated Glenn Leroux, President and CEO of CPS. “Our project will have a positive impact on the environment as a responsible, low-carbon solution for solar glass, and is expected to generate significant shareholder value.”

Interested parties can view the investor presentation for this event on the Company’s website:

(1)Solar Energy Industry Association (SEIA) “30x30 Roadmap” issued December 2021.
(2)Glass For Europe “2050 - Flat Glass in Climate-Neutral Europe” issued 2020; McKinsey & Co. “Solar Module Glass Preliminary Analysis” issued November 2021”; Xinyi Solar Holdings Ltd. “2020 ESG Report”
(3)Internal financial modeling based on: capital and operating cost details from the Front End Engineering and Design Study competed by CM Project Ing.; current solar glass price data from Singapore Solar Exchange and PV InfoLink; and logistics quotes for delivery costs of solar glass to North American locations.

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.


Canadian Premium Sand Inc.  
Glenn LerouxCam Deller
President and Chief Executive OfficerChief Financial Officer 

Investor Relations

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: anticipated project economics including projected IRR and NPV; the expectation that the project will be funded and constructed and generate significant value for shareholders and make a positive impact on the environment and in the local community; the North American demand growth for solar glass and solar energy infrastructure expansion; the benefits of the project resulting from its location; the expected emission intensity of the project relative to other projects and manufacturers; the number of jobs to be created in connection with the project; and the anticipated economics of the project including having an attractive capital and operating cost profile supported by the integration of the Company’s 100% owned silica sand supply, access to low-cost renewable energy and the potential for future expansion that will utilize common infrastructure; projections about the solar glass market; 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.

Market, Independent Third Party and Industry Data

Certain market, independent third-party and industry data contained in this press release is based upon information from government or other independent industry publications and reports or based on estimates derived from such publications and reports. Government and industry publications and reports generally indicate that they have obtained their information from sources believed to be reliable, but the Company has not conducted its own independent verification of such information. This press release also includes certain data derived from public filings made by independent third parties. While the Company believes this data to be reliable, market and industry data is subject to variations and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. The Company has not independently verified any of the data from independent third-party sources referred to in this press release or ascertained the underlying assumptions relied upon by such sources.