Canadian Premium Sand Inc. Comments on Recent U.S. Government Policy Announcement

CALGARY, Alberta, June 07, 2022 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. ("CPS" or the "Company") (TSXV: CPS) is pleased to comment on a meaningful development in the North American solar industry. The Biden administration announced yesterday that any potential tariffs on solar panel imports from four Southeast Asian nations currently under investigation by the Department of Commerce will be waived for two years in order to maintain near-term solar panel installation growth. Simultaneously, the Defense Production Act will be invoked to spur domestic solar panel manufacturing in order to foster a North American supply chain that can accommodate the continent’s longer-term demand profile without being dependent on traditional Asia-Pacific sources.

Read more at globenewswire.com