A comprehensive, large scale testing procedure was conducted by Hazen Research Inc., a leading laboratory providing performance and design criteria to the mineral, energy, environmental and chemical industries. This final sand testing exercise simulated the industrial scale processes required to produce solar glass specification sand as the primary feedstock for the Company’s patterned solar glass manufacturing facility being developed in Selkirk, Manitoba.

 

Sand Testing Highlights:

Verifies the requirement for simple mechanical treatment including only basic attrition scrubbing and gravity and magnetic separation.

Confirms a low-cost environmentally responsible process methodology to produce solar glass grade silica sand without the use of iron reducing chemicals.

 

Operational Update:

CPS has now executed preliminary commercial agreements with a number of prospective customers, with aggregate indications for solar glass demand well in excess of 1,000 tonnes per day. The Company is currently in the process of allocating its production capacity to these prospective customers by converting the preliminary commercial agreements into formal offtake agreements with binding commercial terms.

 

In response to the strong expressions of interest from prospective customers, CPS is proceeding with the pre-construction design of a solar glass manufacturing facility that is larger than the 550 tonnes per day facility outlined in the Company’s FEED study.

With the expanded design nearing completion, the Company is focusing its attention on the associated project capital costs, with the objective of arriving at an overall budget that balances capital efficiency, equity return and project execution risk through an appropriate contracting structure with its EPC consortium.

 

“…. We remain on track to bring our solar glass manufacturing project to shovel-ready status by the end of Q1 2023,” Glenn Leroux.