News from CPS

Stay in the loop with the latest industry news, company updates, and more.

Company Updates

CPS engages world-class EPC consortium

September 19, 2022

CPS is pleased to announce that it has engaged an international consortium of Engineering, Procurement and Construction (EPC) firms to complete detailed design and pre-construction engineering.

The consortium is made up of Henry F Teichmann (HFT), Fives Group, Bottero S.p.A., Elrus Aggregate Systems and PCL Constructors Inc.  

Due to strong expressions of interest received from customers to date, the Company is investigating the opportunity to increase the solar glass production of Phase 1 over that contemplated in the FEED study.

CPS Executes Memorandum of Understanding with Heliene Inc. for Patterned Solar Glass

September 12, 2022

CPS is pleased to announce that it has entered into a memorandum of understanding  (MOU) with Heliene Inc. concerning discussions with respect to a definitive commercial offtake agreement. 

The MOU with Heliene compliments the July 21st, 2022, announcement that CPS executed a MOU with Hanwha Solutions Corporation. Anticipated glass demand from both parties would represent in excess of 120% of our production capability for Phase 1 of our facility.

CPS President & CEO Joins BNN Bloomberg to talk about Company’s Plans

September 08, 2022

Glenn Leroux, president and CEO of Canadian Premium Sand, joins BNN Bloomberg to discuss how the company is scaling solar glass manufacturing with its investment in a facility in Manitoba. He says the U.S. Inflation Reduction Act is incentivizing customers to invest in clean energy and that Canada should support the solar industry in similar fashion.

CPS Announces Agreement to Purchase Land for Solar Glass Facility  

September 07, 2022

CPS is pleased to announce that it has entered into an Option to Purchase Agreement with the City of Selkirk for 121 acres of land zoned for heavy industrial purposes, located northwest of the intersection of Manitoba Highways 4 and 9A. 

CPS Announces Close of Upsized Financings of $9.6 million  

August 31, 2022

CPS is pleased to announce that it has closed its previously announced brokered and concurrent non-brokered private placements, pursuant to which the Company issued an aggregate of 32,100,000 units of the Company at a price of $0.30 per Unit for gross proceeds to the Company of $9,630,000. 

Management and directors of CPS, as well as certain of the Company’s largest shareholders, including Paramount Resources Ltd. and David J. Wilson, subscribed for approximately 50% of the Offering, to maintain their current ownership position in the Company.

The net proceeds of the Offerings will be used to advance the Company’s vertically integrated patterned solar glass manufacturing facility to a shovel-ready state, such that it is ready to commence construction by Q1 2023.

CPS launches $8 million equity financing 

July 27, 2022

CPS is pleased to announce the launch of an $8 Million equity financing to advance plans to construct North America’s only vertically integrated patterned solar glass manufacturing facility. It has entered into an agreement with Peters & Co. Limited and Fort Capital Partners in connection with a best efforts private placement financing of up to 27,000,000 units of the Company at a price of $0.30 per unit. Each unit will consist of one common share and one common share purchase warrant.

CPS executes Memorandum of Understanding with Hanwha Solutions 

July 21, 2022

CPS is pleased to announce has entered into an MOU with Hanwha Solutions concerning continued discussions between CPS and Hanwha with respect to a definitive commercial offtake agreement for patterned solar glass. Hanwha comments “As Qcells expands its manufacturing footprint in North America, we see tremendous value in securing supply from a trusted partner that is proximal to our operations.”

CPS continues to advance its patterned solar glass project to ‘shovel ready status’ 

June 13, 2022

CPS is pleased to report the results from its Front End Engineering and Design (“FEED”) study and the receipt of a market report confirming the economic viability of manufacturing patterned solar glass at a site identified in Selkirk, Manitoba.

CPS comments on Recent U.S. Government Policy Announcement 

June 07, 2022

The Biden administration announced yesterday that any potential tariffs on solar panel imports from four Southeast Asian nations currently under investigation by the Department of Commerce will be waived for two years in order to maintain near-term solar panel installation growth.

Simultaneously, the Defense Production Act will be invoked to spur domestic solar panel manufacturing in order to foster a North American supply chain that can accommodate the continent’s longer-term demand profile without being dependent on traditional Asia-Pacific sources.

CPS adds Glass Industry Veterans to its Team 

April 19, 2022

The Company has engaged Green City Glass LLC to be its client technical representative. The principals of Green City Glass have over 80 years of glass manufacturing experience, with each having deep expertise in facility design, construction, operations and maintenance.

CPS Selected to Participate in an Exclusive Investor Conference in Dubai 

March 17, 2022

The Company will be presenting its investment-ready project to senior executives at key sovereign wealth funds and offices that represent over $1 trillion of assets under management.

See Dubai Presentation in Investor Resources.  

Glenn Leroux, President & CEO interviewed by BNN Bloomberg 

February 17, 2022

Glenn Leroux was hosted by Andrew Bell for the Commodities segment on BNN Bloomberg.  

CPS engages Fort Capital and Peters & Co. as Financial Advisors 

February 16, 2022

CPS is pleased to announce the initiation of a formal process to raise external capital to fund the development and construction of North America’s only patterned solar glass manufacturing facility, supported by recently completed Front End Engineering and Design (FEED) study.  

CPS Selects Selkirk, Manitoba For Its Solar Glass Manufacturing Facility

December 09, 2021

CPS announces that it has chosen the City of Selkirk as the preferred location for its manufacturing facility. 

CPS Announces Focus on Solar Glass

October 18, 2021

CPS announces decision to focus on solar glass manufacturing supported by market analysis and Technical Report.

CPS Appoints CFO and Adds Glass Expertise

August 17, 2021

CPS announces appointment of Cam Deller as CFO and Patrick Kenny as Industry Advisor.

CPS Announces Unsolicited U.S. Institution Investment

July 22, 2021

CPS announces closing of unsolicited U.S. $1 Million Private Placement from a US based Institution – Equinox Partners LP.

CPS Announces Upsized Financing

June 15, 2021

CPS announces, that due to investor interest, it has closed an upsized private placement raising gross proceeds of $5.2 million.

Interview with NGA

April 23, 2021

Our team sits down with National Glass Association (NGA) to talk about glass industry and what our project means for Canada and North America.

Video Interview with Glass Canada

April 19, 2021

Our President & CEO sits down with Glass Canada’s Patrick Flannery to talk about our company, our vision and what’s next.

TopGlass Conference & Our Virtual Booth

April 16, 2021

We are excited to be a part of the Top Glass 2021 virtual conference this year. Register for the conference for free and come check out our virtual booth on April 21, 2021.

GlassOnline profile on CPS

April 08, 2021

An in-depth profile on CPS by GlassOnline that highlights the main value proposition as well as talks about the larger vision for a center of excellence focused on glass and silica.

CPS Announces Focus on Sustainable Glass Manufacturing

February 03, 2021

CPS announces a shift in business strategy to focus on Sustainable Glass Manufacturing.

Industry News

Recent Industry Announcements could make Manitoba a Key Manufacturing Hub

September 20, 2022

Manitoba is positioning itself as a prime location to bolster North American solar manufacturing capacity.

CPS glass manufacturing plant could meet North America’s growing demand for patterned glass while helping the solar supply chain take root in Canada.

It could support the development of a low-carbon domestic solar supply chain and Canada’s transition to net-zero emissions. It could also open up future opportunities for complementary businesses, job creation, and economic growth. 

U.S. Solar Installs to get 40% boost from Climate Law

September 08, 2022

“The Inflation Reduction Act is going to transform America’s energy economy, and the forecasts show a wave of clean energy and manufacturing investments.” – Abigail Ross Hopper, President & CEO of Solar Energy Industry Association (SEIA).

Clean-energy developers are forecast to install more than 215 gigawatts of solar panels during the next five years, according to a report published Thursday from the SEIA and Wood Mackenzie. That’s 40% more than the Washington-based trade group expected without the Inflation Reduction Act, the climate-friendly bill signed into law last month. 

U.S. Senate passes “boldest climate package in History”

August 08, 2022

“The solar industry has set a goal to account for 30% of all U.S. electricity generation by 2030, and this legislation will be a catalyst for reaching that target. Now the work can begin to build out America’s clean energy economy with historic deployment, domestic manufacturing, investments in low-income communities, energy storage, smoother interconnection, and so much more.” – Abigail Ross Hopper, President & CEO of Solar Energy Industry Association.

The Inflation Reduction Act of 2022 passed in the Senate yesterday in 50-50 split with VP Kamala Harris casting the deciding vote. 

Qcells to secure solar glass from CPS for its U.S. manufacturing operation

July 22, 2022

Canadian Premium Sand and Hanwha sign agreement for patterned solar glass manufactured in Manitoba.

Hanwha, parent corporation of Qcells, is establishing a domestic, low-carbon solar supply chain to support its solar energy growth strategy in North America, where it is constructing a manufacturing facility in Georgia to nearly double its total U.S. production capacity to over 3 GW. In keeping with its intent to source low-carbon products domestically, the company has signed an agreement to source solar glass from Canadian Premium Sand (CPS).

U.S. to waive tariffs on imports of solar panels and drive domestic manufacturing through Defense Act

June 06, 2022

The U.S. waived tariffs on solar panels from four Southeast Asian nations for two years and invoked the Defense Production Act to spur solar panel manufacturing at home.

The Chief Executive of the American Clean Power Association said the announcement would “rejuvenate the construction and domestic manufacturing of solar power by restoring predictability and business certainty.”

Solar expected to be largest source of U.S. new utility generating capacity in 2022

January 10, 2022

The U.S. Energy Information Administration (EIA) expects 46.1 GW of new utility-scale electric generating capacity to be added to the U.S. power grid in 2022. Nearly half (46%) of which will be solar.

Chinese Solar Glass company buys quartz sand resource for $570 million USD

October 28, 2021

Flat Glass Group (FGG), a Chinese solar glass manufacturer, paid USD $570 million for two quartz sand mines (58.3 million tonnes) to secure supply for its solar glass product.

“The company’s market capitalization on the Hong Kong exchange rose 5.7% after announcing the transaction.”

U.S. Solar Industry Association Releases New Target for a Solar+ Decade

September 17, 2021

Annual solar installations in the U.S. are expected to grow from 25GW in 2021 to 125GW by 2030.

“With bold policy action and continued private sector innovation, this ambitious 30% target is absolutely achievable.” – SEIA

U.S. DOE Releases Solar Energy Investment Brief

August 17, 2021

U.S. Department of Energy (DOE) releases a brief on  Clean Energy Future discussing investment in solar research and deployment.

Amazon signs Renewable Agreement

June 23, 2021

Amazon signs agreement for 375MW solar farm project in Alberta. (Newswire)

Solar Industry Supply Challenges

May 4, 2021

Supply-chain headaches for everything from glass to shipping capacity are pinching the solar industry. (Bloomberg & Yahoo Finance)

U.S. Approves Massive Solar Project

May 03, 2021

U.S. has approved a major solar energy project in the California desert that will be capable of powering nearly 90,000 homes. (Reuters)

Canada’s Net-Zero 2050 Plan

April 30, 2021

Transition to a cleaner economy establishes a series of interim emissions reduction targets. (Government of Canada)

Glass Shortage for Solar Panels

November 04, 2020

A glass shortage threatens supply of solar panels needed for climate action. (Bloomberg)

Progress towards Canada’s emissions reduction target

2021

Canada’s plan for targeting emissions from buildings to achieve Paris Targets. (Government of Canada)