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Homerun Resources Inc. Announces Letter of Intent with SORG Group (Germany) for Completion of the Antimony-Free Solar Glass Manufacturing Plant in Santa Maria Eterna, Bahia, Brazil
TMX Newsfile· 2026-01-21 13:00
Core Insights - Homerun Resources Inc. has signed a Letter of Intent with Nikolaus Sorg GmbH & Co. KG for a 1,000 tonne per day solar glass manufacturing plant in Brazil, marking a significant milestone for the company [2][10] Project Overview - The Solar Glass Project will utilize state-of-the-art technology for solar glass manufacturing, including an electric boosting system for enhanced energy efficiency and a production process that will yield antimony-free solar glass [3][10] - The plant is expected to be the first dedicated solar glass manufacturing facility in Latin America, focusing on next-generation photovoltaic applications [10] Responsibilities and Financing - Homerun's role includes local content capitalization, permit planning, civil works, utilities, and installation as specified by SORG [5] - The project financing will involve cooperation with German banks for export credit, supported by Euler Hermes guarantees, alongside interest from Banco Nacional de Desenvolvimento Econômico e Social for Brazilian government project financing [6][10] Strategic Partnerships - Homerun has engaged DTEC, a German engineering company, to assist with the Bankable Feasibility Study, ensuring all necessary documentation for project financing is prepared [7] - The collaboration with SORG is based on their extensive experience and successful track record in glass manufacturing technology [15] Company Background - Homerun Resources Inc. focuses on building a silica-powered backbone for the energy transition across multiple verticals, including solar and energy storage, leveraging a unique high-purity low-iron silica resource in Bahia, Brazil [16][18]
Canadian Premium Sand Inc. Provides Operational Update
Globenewswire· 2025-06-30 11:00
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].
Canadian Premium Sand Inc. Announces Option Grants
Globenewswire· 2025-04-22 20:15
Company Overview - Canadian Premium Sand Inc. is developing North American manufacturing capacity for ultra-high-clarity pattern solar glass through multiple facilities, utilizing high-purity low-iron silica sand from its wholly owned Wanipigow quarry leases [3] Share Options Grant - The Company granted 75,000 share options to the Chief Financial Officer, exercisable at $0.23 per common share, expiring on April 21, 2030 [2] - As of the announcement date, there are 92,627,156 common shares issued and outstanding, allowing for a maximum of 9,262,716 options and other share-based awards under the Plan, of which 6,277,000 options have already been granted [2] Manufacturing Capacity - The proposed low-carbon facility in Selkirk, Manitoba aims to utilize renewable Manitoba hydroelectricity, with the potential to produce 6GW of low-carbon solar glass annually [4] - A planned facility in the U.S. could produce an additional 4GW of domestic solar glass, leading to a total proposed manufacturing capacity of 10GW annually, positioning the Company as a potential largest and preferred supplier in North America [4]