Canadian Premium Sand Inc. Announces Substantial Increase in Low-Iron Sand Resource

Core Viewpoint - Canadian Premium Sand Inc. has announced an updated Inferred Mineral Resource Report for its Wanipigow Sand Project, indicating a significant increase in the estimated mineral resources due to extensive testing and processing conducted between 2022 and 2024 [1][2][7]. Summary by Relevant Sections Mineral Resource Estimate - The total inferred mineral resource for the Wanipigow Glass Silica Sand is now estimated at 24.386 million metric tonnes, a substantial increase from 7.250 million metric tonnes reported in October 2021, representing a change of +17.136 million metric tonnes [3][11]. - The updated resource estimate includes seven distinct resource areas, with Resource Area 2 holding the highest tonnage at 11.229 million metric tonnes, followed by Resource Area 1 at 8.668 million metric tonnes [13]. Testing and Methodology - The increase in mineral resource areas is attributed to positive results from mineral processing tests, including beneficiation studies and glass melt tests, which confirmed the quality of the Lower Black Island sand [3][7]. - The resource estimation utilized a block model approach, with dimensions of 20 by 20 meters horizontally and 2 meters vertically, applying ordinary Kriging for size fraction estimation [8]. Project Development and Future Plans - The Sand Project aims to supply high-purity low-iron silica sand for the company's planned solar glass manufacturing facilities in Selkirk, Manitoba, and the U.S., with a total proposed capacity of 10GW of solar glass annually [17][18]. - The company is focused on advancing the quality of the sand to meet higher glass manufacturing standards through ongoing testing and studies [15].