Business
Canadian Premium Sand Inc. Announces Strategic Review
CALGARY, Alberta, April 16, 2026 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“ CPS &...
About this update from Canadian Premium Sand, Inc.
[{"type":"text","content":"Canadian Premium Sand Inc. Announces Strategic ReviewThe Strategic Review is intended to identify opportunities to maximize shareholder value and close the persistent gap between CPS' capital market valuation and its intrinsic value\nCALGARY, Alberta, April 16, 2026 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce that in light of emerging opportunities and the growing demand for silica sand for use in multiple industry applications, the Company has initiated a review of strategic alternatives (the “Strategic Review”) to identify opportunities to maximize shareholder value by capitalizing on the Company's strong intrinsic value. The Strategic Review has been unanimously approved by the Company's Board of Directors (the \"Board\") and it has the full support of the Company's management and significant shareholders. It may include, among other alternatives, a merger, business combination, partnership, joint venture, strategic alliance, sale of the Company or a portion of its assets, an equity or debt financing to fund the development of the Company's sand resource and/or glass manufacturing facility, or a corporate reorganization, as well as continuing to execute on the Company's standalone strategic plan. A special committee of the Board comprised of the independent directors has been established to oversee the Strategic Review. “As we seek to close the persistent gap between CPS' capital market valuation and the company’s 'sum-of-the-parts' intrinsic value, the Board has unanimously authorized, with the support of CPS' largest shareholders, a comprehensive review of strategic alternatives,” said CPS President and CEO Glenn Leroux. “We are approaching this process with clarity, discipline, and an open mind, assisted by our financial advisors and guided by our commitment to maximize shareholder value. This is a pivotal moment for CPS, one that allows us to evaluate all paths forward”. The Company has generated significant intrinsic value and project development options over the past several years. The Company’s core asset is a 42.3 million tonne measured and indicated silica sand resource suitable for fracture proppant and other industrial applications, with a subset of that resource co...