- Canadian Premium Sand Inc. (CPS) has initiated a front end engineering and design (FEED) study for its proposed flat glass manufacturing facility
- Through the study, Canadian Premium Sand hopes to design a facility that will be both cost-effective and environmentally sustainable
- The Winnipeg-based company also announced a non-brokered private placement after it received interest from a US investor
- Canadian Premium Sand is an exploration stage company evaluating a high-grade silica sand deposit northeast of Winnipeg
- Canadian Premium Sand (CPS) is up 5.71 per cent on the day, trading at $0.37 per share
Canadian Premium Sand Inc. (CPS) has initiated a front end engineering and design (FEED) study for its proposed flat glass manufacturing facility.
The company also announced a non-brokered private placement after it received interest from a US investor. Based on the unsolicited offer from the investor, the company agreed to a US$1 million private placement at C$0.35 per share.
Proceeds will be used to progress the company’s business plan, including the engineering and design study.
Conducted by CMP, a global expert in glass technology, the study will test various ways to balance sustainability and operational efficiency at the company’s new plant.
AECOM, a Winnipeg-based company, will also assist with the process of applying for environmental and regulatory permits to further support the FEED study.
Through the study, Canadian Premium Sand hopes to design a facility that will be both cost-effective and environmentally sustainable.
Canadian Premium Sand is an exploration stage company evaluating a high-grade silica sand deposit northeast of Winnipeg.
The company is focused on refining the logistics, design, and operation of its silica sand quarry and is testing silica sand to explore its broader industrial uses.
Canadian Premium Sand (CPS) is up 5.71 per cent on the day, trading at $0.37 per share as of 2:14 pm ET.
