CPS Announces Change in Organization Method to Aim on Sustainable Float Glass Producing

CALGARY, Alberta, Feb. 03, 2021 (Globe NEWSWIRE) — Canadian Top quality Sand Inc. (“CPS” or the “Corporation”) (TSXV: CPS) is delighted to announce a shift in the course of the Company’s organization approach to emphasis on building its Wanipigow silica sand deposit into a sustainable float glass production and coating facility. This facility would be created to utilize the finest accessible technologies with a focus on sustainability initiatives this kind of as squander warmth recovery and optimizing use of Manitoba’s plentiful and inexpensive renewable electrical power to established a new standard for very low-carbon footprint glass producing. The larger Winnipeg location offers an opportunity for considerable extensive-time period production price tag and logistics advantages for a float glass facility concentrated on vitality effective architectural glass or photo voltaic glass.

The change in company technique is the result of an internal evaluate of the a variety of programs for the Company’s silica sand deposit which recognized float glass production as a large prospective application for which the Company’s silica sand is ideally suited. Float glass production has proven superior total challenge economics and current market balance in contrast to Wanipigow proppant generation. This interior critique is supported by an independent organization examine commissioned by the Corporation and executed by an impartial intercontinental glass marketplaces concentrated consulting group, GlassGlobal Consulting GmbH (“GlassGlobal”). A whole summary of the revised strategy and information and facts on the enterprise opportunity can be considered at www.wanipigowglass.com.

“Today there is not a one float glass production facility in Canada,” said Glenn Leroux, President and CEO of CPS. “Every pane of glass utilized in this nation is imported. Dependent on the business review and sector projections accomplished by GlassGlobal, existing dynamics in North The united states exhibit a producing source deficit demonstrating the need for up to four extra float glass services by 2025 for North The usa to be self-enough. Developing a float glass facility in Canada making use of responsibly sourced area uncooked components and responsibly manufactured Canadian power results in a one of a kind prospect to give a lot required sustainably created float glass to Canadian, North American and worldwide marketplaces in an environmentally dependable method.”

Float glass is a broad sector expression for an recognized and demonstrated system of creating flat panes of glass. A lot of items start their handy lifetime as float glass like glass with specialised strength productive coatings for architectural apps, glass for photo voltaic panels, car glass, tempered and basic safety glass. Vitality intake by properties is a considerable supply of Canada’s all round greenhouse fuel emissions. Use of electrical power effective architectural float glass in residential households and industrial properties is a critical ingredient of emissions reduction procedures as outlined by the federal section of Natural environment and Climate Adjust Canada in ‘Canada’s Structures Strategy’ doc. The desire for solar glass to manufacture solar panels is predicted to speed up in the coming a long time as a consequence of worldwide electrical power grid de-carbonization and internet-zero climate action strategies. Electrical power productive architectural glass and photo voltaic glass are both carbon-adverse solutions centered on a life-cycle carbon evaluation as they preserve or stay clear of extra vitality usage and affiliated emissions after installation of finish use products than is consumed during manufacturing.

Preliminary exam get the job done shows that the Wanipigow Decreased Black Island Formation (LBI) sand at the check site has possible for use in the manufacture of extremely-clear, strength effective architectural float glass as properly as solar glass for use in photo voltaic panels. The testing of a modest subset of the Company’s silica sand was executed by an impartial ISO/IEC 17025:2018 accredited laboratory specializing in glass and raw components investigation, the IGR – Institut für Glas- und Rohstofftechnologie (Institute of Glass and Uncooked Product Engineering – IGR). 3 individual samples have been collected from archived drill cores for exam function and centered on a part of the all round Wanipigow sand deposit inside of the deposit’s LBI sub-device. The check operate was carried out in accordance with common screening of oxidic uncooked resources for glass (DIN 51086-2) and bundled sieving, ICP-OES investigation, beneficiation tests adopted by supplemental ICP-OES investigation, and melt tests. The preliminary benefits reveal that the LBI sand at this locale: i) incorporates higher calculated silica (94.1% to 97.2% SiO2) with very low detrimental things such as iron, ii) is simply beneficiated to higher calculated silica (99.3% to 99.5% SiO2) employing conventional methods these types of as a bumping desk and a magnetic separator, and iii) melt checks yielded no microscopic relics of un-melted grains.

The Company expects to have interaction a Entrance-Finish Engineering and Structure (FEED) contractor through the initially quarter of 2021 to get the job done on web site selection, facility design, web page format, and possible funds and running expenditures. The Company will also initiate offtake conversations in concurrence with the FEED analyze and add glass market skills to the administration team to create a robust small business plan to attain a ultimate expenditure selection.

The Company’s silica sand deposit is extensive as in-depth in a Nationwide Instrument 43-101 (“NI 43-101”) compliant Technological Report dated March 20, 2020. This report was based largely on silica sand for the oil and gas business. Based mostly on the common silica sand requirements of a solitary float glass plant, the Enterprise has ample silica sand supply to also pursue other industrial marketplace alternatives.

Technological Disclaimer

The Organization advises and wishes to make clear that it is not basing any foreseeable future decision to create demo or business glass merchandise from the Lower Black Island Development sand on a present-day financial analysis in a Preliminary Economic Assessment (“PEA”) or mining examine (Pre-Feasibility or Feasibility Analyze) to display the economic and specialized viability of the undertaking. Accordingly, there is enhanced uncertainty and distinct economic and specialized risks of failure connected with any manufacturing determination. These dangers, amongst some others, include things like areas that are analyzed in much more depth in a PEA or Feasibility Analyze, these kinds of as implementing financial assessment to means or reserves, a lot more in-depth metallurgy, and a number of different specializing experiments.

Mr. Roy Eccles P. Geo., a “Qualified Person” in just the indicating of NI-43-101, has reviewed and accredited the scientific and technological articles associated with this Information Release and who by rationale of instruction, affiliation with a skilled affiliation (as defined in NI 43-101) and previous pertinent do the job expertise, fulfills the requirements of a Skilled Particular person as outlined in NI 43-101, and he is independent of the Company making use of all of the checks in Section 1.5 of NI 43-101CP.

About Canadian Top quality Sand Inc.

The Corporation is an exploration stage business which is acquiring its Wanipigow silica sand deposit in Manitoba and assessing markets to support the foundation for a commercial operation. The Enterprise is a reporting issuer in Ontario, Alberta and British Columbia. Its shares trade on the TSX Enterprise Exchange under the symbol “CPS”.

Neither the TSX Venture Exchange nor its Regulation Services Service provider (as that expression is defined in the insurance policies of the TSX Enterprise Exchange) accepts responsibility for the adequacy or accuracy of this launch.

Make contact with Details:
Canadian Quality Sand Inc.
Glenn Leroux
President and Chief Govt Officer
[email protected]

Trader Relations
[email protected]


Ahead Looking Information

Certain statements contained in this push release constitute ahead-hunting statements relating to, without having limitation, expectations, intentions, ideas and beliefs, which include facts as to the long run occasions, outcomes of functions and the Company’s foreseeable future performance (the two operational and fiscal) and organization potential clients. In sure cases, ahead-on the lookout statements can be recognized by the use of phrases these types of as “expects”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “plans”, “seeks”, “projects” or versions of these kinds of phrases and phrases, or condition that sure actions, situations or effects “may” or “will” be taken, arise or be realized. Such ahead-seeking statements reflect the Firm’s beliefs, estimates and opinions with regards to its upcoming development, success of operations, long run overall performance (both operational and fiscal), and company prospective customers and chances at the time this sort of statements are created, and the Company undertakes no obligation to update forward-hunting statements if these beliefs, estimates and thoughts or circumstances should transform. Ahead-wanting statements are automatically based on a selection of estimates and assumptions manufactured by the Firm that are inherently topic to substantial small business, financial, aggressive, political and social uncertainties and contingencies. Ahead-on the lookout statements are not assures of future effectiveness. In individual, this press launch contains ahead-wanting statements pertaining, but not limited, to: the prepare to create a sturdy development program for the Enterprise and the Project and the benefits to be derived therefrom projections about future enhancements in industry conditions and silica sand pricing long run growth strategies sector action amounts marketplace circumstances pertaining to the silica sand industry the capability of and method by which the Firm expects to meet its capital needs and the Firm’s targets, techniques and aggressive strengths.

By their nature, forward-looking statements contain several present-day assumptions, recognised and not known challenges, uncertainties and other components which may well induce the true outcomes, functionality or achievements of the Corporation to differ materially from these expected by the Firm and described in the ahead-seeking statements.

Any financial outlook and potential-oriented monetary information contained in this push launch relating to potential money functionality, financial posture, IRR or hard cash flows is based mostly on assumptions about long term gatherings, including financial ailments and proposed courses of motion dependent on management’s assessment of the related info that is at this time accessible. Projected operational data consists of forward-on the lookout information and is based mostly on a variety of product assumptions and factors, as are set out over. These projections may well also be viewed as to have foreseeable future oriented economical details or a financial outlook. The true outcomes of the Firm’s operations for any period of time will likely change from the quantities set forth in these projections and this kind of versions may be substance. Real outcomes will fluctuate from projected effects. Readers are cautioned that any these types of economical outlook and upcoming-oriented economical details contained herein need to not be utilized for purposes other than people for which it is disclosed herein.

The ahead-wanting information and facts and statements contained in this doc converse only as of the day hereof and the Company does not believe any obligation to publicly update or revise them to reflect new occasions or conditions, apart from as may well be expected pursuant to relevant legal guidelines.

Originally released