Canadian Premium Sand Inc. Provides Operational Update

Core Viewpoint - Canadian Premium Sand Inc. is advancing its solar glass manufacturing plans, focusing on a US facility that aims to produce 4GW of solar glass annually while also navigating challenges related to trade policies and tariffs affecting its Canadian project [1][2][7]. US Project - The US Project involves a proposed solar glass manufacturing facility expected to produce 4GW of pattern solar glass annually [2]. - A Letter of Intent has been signed for a 12-year lease of a property with existing infrastructure, which will facilitate a capital-efficient market entry [3]. - The site aligns with US federal goals to reshore manufacturing and has secured MOUs for approximately 50% of its production capacity [4]. - The capital cost for the US Project is estimated at around US$350 million, with pre-construction engineering efforts underway [5]. Selkirk Project - The Selkirk Project in Manitoba aims to establish a vertically integrated solar glass manufacturing facility, but faces financing challenges due to US import tariffs on Canadian goods [7]. - The stability of the Canada-US trade relationship is crucial for advancing the Selkirk Project [7]. Policy Changes Impacting the North American Solar Market - Proposed amendments to the Inflation Reduction Act could eliminate domestic content bonuses, affecting the pricing competitiveness of US-made solar glass [8]. - New regulations targeting Prohibited Foreign Entities may significantly impact the import of solar glass from Asia-Pacific, potentially enhancing the commercial viability of North American production [9]. Company Overview - Canadian Premium Sand Inc. owns a large silica sand deposit and is developing manufacturing capacity for ultra-high-clarity pattern solar glass, with a combined capacity of 10GW across its US and Canadian facilities [11][12].