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The latest update is out from Canadian Premium Sand Inc ( (TSE:CPS) ).
Canadian Premium Sand Inc. has successfully secured a US$75 million tax credit allocation to re-purpose a former glass manufacturing site in the southern US for the production of pattern solar glass. This allocation, part of the DOE’s 48C tax credit program, is one of only 140 successful projects out of over 800 applications. The company is also negotiating a joint venture with a strategic partner to bring expertise and resources to the project, aiming to finalize a capital cost estimate and secure construction financing. Advancing engineering, environmental permits, and offtake agreements for up to 60% of its output, CPS is positioning itself strategically in the market.
More about Canadian Premium Sand Inc
Canadian Premium Sand Inc. operates in the renewable energy industry, focusing on the production of pattern solar glass. The company aims to become North America’s largest vertically integrated supplier of this product, leveraging its low iron silica sand resources.
YTD Price Performance: 1.69%
Average Trading Volume: 18,786
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$25.69M
For a thorough assessment of CPS stock, go to TipRanks’ Stock Analysis page.
