CME CEO on using quartz to rock the global silicon market
Hubert Vallée, President, CEO and Director of Canadian Metals Inc. (CSE: CME) in an interview with InvestorIntel’s CEO Tracy Weslosky discuss the company’s leadership structure and the progress of their upcoming, fully integrated quartz project. The company promoted Hubert to CEO in December, as well as bringing in Guy Simard to sit on the board as an advisor, all while working towards an operational and independent quartz project. The goal of the project based in Baie-Comeau, Québec is to supply an expanding global silicon market (Vallée speculates 50% over the next 10 years) with a self-reliant product and process. The geography of Baie-Comeau lends itself to the fully-integrated picture by being situated right on the shore of the St. Lawrence River, allowing for easy access to the rest of Canada and the rest of the world. Looking to have a pre-feasibility study no later than Q1 of 2018, the company is in conversation with potential off take agreement partners.
Tracy Weslosky: Hubert, you have a very impressive background and you just announced a new Board member, can you tell us more…
Hubert Vallée: We recently announced Guy Simard. He will sit on our board and will be actively promoting the project.
Tracy Weslosky: This is a project that if you do not know about it, we’re going to introduce you to Canadian Metals properly. This is a quartz project. Your goal is to be a fully integrated quartz project. Is that correct?
Hubert Vallée: Yes. We fully own the deposit of quartz and we intend to build a smelter in Baie-Comeau just across from the Saint Lawrence River.
Tracy Weslosky: Can you please tell us a little bit about the quartz market?
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Hubert Vallée: With the quartz and using the smelters we’re going to produce the silicone alloy product, which is an added value product mostly used in the solar panel, the electronic chips, mag wheel, and every kind of silicon. This is a coming, emerging and expanding market. We expect that this market is going to expand for the next 10 years by 5% per year.
Tracy Weslosky: You’re not just another quartz development project. You have infrastructure and many elements of your project well underway. Can you be specific and tell us what makes Canadian Metals so intriguing to potential new shareholders?
Hubert Vallée: In Baie-Comeau we will have access to very good infrastructure, port, and railway. We can expedite our final product to all around the planet, in North America and overseas. Also, we have access to very good electricity, available and relatively cheap electricity…to access the complete interview, click here
Disclaimer: Canadian Metals Inc. is an advertorial member of InvestorIntel.
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