Canadian Premium Sand Inc. has entered into an agreement with Heliene Inc. with respect to a definitive commercial offtake agreement for patterned solar glass from the Company’s glass manufacturing facility being developed in Selkirk, Manitoba.

Heliene, a provider of North American made solar modules, is focused on establishing a domestic, low-carbon solar supply chain to support its growth strategy in North America. It has experienced significant growth since starting its U.S. operations in Minnesota in 2017. The local supply of CPS glass will meet accelerating solar demand while ensuring certainty and quality thanks to the supply of regional components of its bill of materials.

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

CPS has also entered into an Option to Purchase Agreement with the City of Selkirk for the acquisition of land zoned for heavy industrial. This secures an attractive land parcel, consisting of approximately 121 acres in close proximity to: a 115kV power line enabling access to renewable hydro-electric energy from Manitoba Hydro; access to the City of Selkirk’s wastewater plant; natural gas distribution infrastructure; and access to a Class 1 rail line.

www.cpsglass.com

Image: Planned layout of phase 1 and 2 of the Canadian Premium Sands Selkirk site.