Core Viewpoint - Canadian Premium Sand Inc. has successfully secured a US$75 million tax credit allocation to repurpose a former glass manufacturing site in the southern US for producing pattern solar glass, marking a significant step in advancing its US Project [1][2][3]. Tax Credit Allocation - The company received a letter of encouragement from the US Department of Energy in August 2024 and submitted a detailed application for the 48C tax credit program in October 2024, leading to the acceptance of the tax credit allocation by the US Internal Revenue Service [2][3]. - The tax credit allocation is transferable, allowing the company to monetize it for construction financing, with options to sell the tax credit for cash or enter into a tax-equity transaction [3]. Strategic Partnership - The company's US subsidiary, CPS Glass USA Corp., is negotiating a joint venture agreement with a strategic partner that possesses glass manufacturing expertise and engineering capabilities, which will help refine capital costs and mitigate risks associated with the project [4]. Project Advancement - The company is progressing with engineering and commercial contracting efforts for the US Project, aiming to leverage its low iron silica sand resource to become North America's largest vertically integrated supplier of pattern solar glass [5][8]. - The company is also advancing pre-construction engineering and design to finalize capital cost estimates and updating environmental permits to reflect revised operational parameters [8]. Board of Directors Appointment - Brad Virbitsky has been appointed to the board of directors, bringing over a decade of experience in corporate and financial strategies, and currently holds a 14% stake in the company [6].

Financial Performance and Strategic Developments - The company concluded its warrant exercise and reported its fiscal year-end 2024 financial results, with audited financial statements and Management's Discussion and Analysis available under its SEDAR+ profile [1] - In 2024, the company invested $0.52 million to advance its Selkirk Project and discussions with a potential strategic partner for the US Project, aiming to produce approximately 10GW per year of pattern solar glass [2] - The company's large shareholders, board members, and management exercised 9,206,404 warrants at $0.40 per warrant, generating $3,682,562 in gross cash proceeds, which will support the advancement of its solar glass manufacturing projects [5] - Of the 32,100,000 warrants issued in 2022, 14,811,496 were exercised, and the remaining 17,288,504 expired on December 31, 2024 [6] Manufacturing Capacity and Strategic Vision - The company is developing North American manufacturing capacity for ultra-high-clarity pattern solar glass, utilizing high-purity low-iron silica sand from its Wanipigow quarry leases [3] - The Selkirk Project will produce 6GW of low-carbon solar glass using renewable Manitoba hydroelectricity, while the US Project will produce 4GW of domestic solar glass, positioning the company as the largest and preferred supplier in North America [3] - The company has established a broader strategic vision to supply both low-carbon products from the Selkirk Project and US-manufactured products from the US Project [2] Financial Support and Partnerships - The company received financial support totaling $272 million from the Province of Manitoba and the Government of Canada for the Selkirk Project, including a $100 million non-dilutive financial support application currently in the due diligence phase [8] - Discussions were held with Manitoba-based indigenous groups for potential investment participation of up to $100 million in the Selkirk Project through the federal Indigenous Loan Guarantee Program [8] - The company is working towards formalizing $72 million in financial support from the Province of Manitoba for the Selkirk Project [8] - A site in the US was selected to repurpose a former glass manufacturing facility for the US Project, with a potential strategic partner, and a wholly owned US subsidiary was established to apply for a tax credit with the U.S. Department of Energy [8] Market Positioning and Customer Engagement - The company is advancing conversations with customers related to the supply of pattern solar glass from both the Selkirk and US Projects [8] - With a proposed annual manufacturing capacity of 10GW, the company is well-positioned to become the largest and preferred supplier of pattern solar glass in North America [3]

NORTHVILLE, Mich., Dec. 17, 2024 /PRNewswire/ -- The Society of Automotive Analysts (SAA) recently awarded its Innovations in Lightweighting Award to Cooper Standard (NYSE: CPS) for its revolutionary FlexiCore™ Thermoplastic Body Seal. This award recognizes suppliers serving North American and global automotive OEMs with innovative products or technologies that provide either direct or indirect mass savings. The SAA honored the Cooper Standard team during the SAA's Material Innovations Summit held Dec. 6 in ...

Core Viewpoint - Canadian Premium Sand Inc. has completed two financing initiatives to support the advancement of its solar glass manufacturing facilities in Canada and the US, indicating strong backing from major shareholders and insiders [1][2][3]. Financing Initiatives - The company raised $2,516,295 by the exercise of 6,290,737 common share purchase warrants at an exercise price of $0.40 per warrant, increasing the total common shares outstanding to 89,711,489 [1]. - Additional exercises of up to 1,650,000 warrants by other large shareholders could provide up to $660,000 in further cash proceeds [1]. Convertible Debentures - Key strategic investors have agreed to extend the maturity date of the company's outstanding convertible debentures by one year, from February 26, 2025, to February 26, 2026 [2][3]. Strategic Goals - The company aims to finalize terms for federal and provincial financial support and secure a lead investor to complete financing for the Selkirk Project [3]. - A positive decision from the US Department of Energy regarding the company's investment tax credit application for the US facility is anticipated in Q1 2025, which would significantly enhance development plans [3]. Manufacturing Capacity - Canadian Premium Sand Inc. is developing manufacturing capacity for ultra high-clarity pattern solar glass, with a facility in Selkirk, Manitoba, expected to produce 6GW of low-carbon solar glass, and a US facility projected to produce 4GW [4]. - The total proposed annual manufacturing capacity of 10GW positions the company to become a leading supplier in North America [4].

NORTHVILLE, Mich., Dec. 5, 2024 /PRNewswire/ -- For the sixth consecutive year, Cooper Standard (NYSE: CPS) earned a spot on Newsweek's annual list of America's Most Responsible Companies. The 2025 rankings were conducted by Newsweek and Statista Inc., a world-leading statistics portal and industry ranking provider. Cooper Standard has been included on the list of most responsible companies in the United States since the list's inception six years ago.The final list, which can be viewed on Newsweek's websit ...

Vancouver, British Columbia--(Newsfile Corp. - November 20, 2024) - Copper Standard Resources Inc. (CSE: CSR) ("Copper Standard") and Pucara Gold Ltd. (TSXV: TORO) ("Pucara") are pleased to announce the successful completion of the previously announced transaction pursuant to which Copper Standard acquired all of the issued and outstanding common shares of Pucara (the "Pucara Shares"), not previously owned by Copper Standard, by way of a court-approved plan of arrangement (the "Arrangement"). Pursuant to t ...

NORTHVILLE, Mich., Nov. 7, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) has further expanded its portfolio of sustainable innovations with a revolutionary new vehicle body seal. The Company's FlexiCore™ Thermoplastic Body Seal provides a groundbreaking way to seal a doorframe to the vehicle body by replacing traditional metal carriers with a more eco-friendly, fully recyclable lightweight plastic alternative without compromising performance. Cooper Standard expands sustainability portfolio with Flex ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-36127 ______________________ ...

Cooper-Standard Holdings Inc.’s (CPS) third-quarter 2024 results reflect the negative impacts of industry-wide pressures and operational headwinds, which weighed on its financial performance. With persistent inflationary trends and foreign exchange hurdles, the company grappled with softer vehicle production levels, influencing its sales and profitability metrics.Despite these obstacles, Cooper-Standard has been focused on cost-saving initiatives and is making strides in securing new contracts, particularly ...

Financial Performance - Sales for the three months ended September 30, 2024 were $685.4 million, compared to $736.0 million for the same period in 2023[13] - Gross profit for the three months ended September 30, 2024 was $76.3 million, with a margin of 11.1%, compared to $106.5 million and a margin of 14.5% for the same period in 2023[13] - Adjusted EBITDA for the three months ended September 30, 2024 was $46.1 million, with a margin of 6.7%, compared to $79.1 million and a margin of 10.7% for the same period in 2023[13] - Net loss for the three months ended September 30, 2024 was $11.1 million, or $(0.63) per share, compared to a net income of $11.4 million, or $0.65 per share for the same period in 2023[13] - Capital expenditures for the three months ended September 30, 2024 were $10.9 million, or 1.6% of sales, compared to $16.4 million, or 2.2% of sales for the same period in 2023[13] - The company achieved $64 million in cost savings year-to-date in 2024, including $50 million from manufacturing/purchasing lean initiatives and $14 million from restructuring actions[26] Strategic Initiatives and Outlook - The company expects $20 - $25 million in cost savings in 2024 from restructuring actions, with full annualized cost savings of $40 - $45 million expected in 2025[26] - The company's full year 2024 updated guidance includes sales of $2.70 - $2.75 billion and adjusted EBITDA of $180 - $195 million[28] - Capital expenditures for full year 2024 are projected to be $45 - $50 million[28]