Canadian Metals Inc. (CSE:CME) (CSE:CME.CN) (CNSX:CME) is pleased to announce that it has received a favorable notice from the Department of Energy and Natural Resources. This notice confirms the granting of a 120 megawatt block from Hydro-Québec to the industrial rate (L), which will be made available to Les Métaux Canadiens for its silicon alloy plant in Baie-Comeau.
With this energy, Canadian Metals will be able to supply its silicon alloys plant with hydroelectric power, having that, Canadian metals will be one of the silicon alloys producer with the lowest greenhouse gas (GHG) emissions on the market.
Following that, the Company confirm the demand to Hydro-Québec to get the discount rate for Economic development (TDE).
“Once again, we would like to thank the Quebec government for the power bloc,” said Hubert Vallée, CME’s President & CEO. “The hydroelectric supply for all of our silicon alloys plant will make the Langis project one of the most environmentally responsible silicon alloys project in the industry.”
About Canadian Metals
Canadian Metals is focused on the development of its Langis project, a high-purity silica deposit located in the province of Quebec. The Company is rapidly positioning itself as a supplier of high purity silica and silicon alloy in North America. Silicon based materials can be formulated to provide a broad range of products from more durable, faster building materials with smarter electronic devices, solar panels and more efficient wind turbines. We expect to become a global supplier for a number of industries and applications but without limitation: glass, ceramics, lighting, oil and gas, paint, plastic and rubber. We also want to become an integrated supplier to metallurgical industries including foundries, and participate in a wide range of civil, industrial, environmental and related applications. These target markets are an integral part of the lives of millions of people every day.
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