Canadian Metal Langis Development Continues as Planned
December 17, 2015 (Source) — Canadian Metals Inc. ( The “Corporation”) (CSE:CME) is pleased to announce that the development of its Langis project for the production of ferrosilicon and silicon metal in Quebec is continuing as planned.
The Langis project is based in particular on the estimates of independent experts indicating that the silicon metal production capacity in the Western world will be significantly increased over the next five years due to strong demand growth. It is also expected that the demand for ferrosilicon continue to grow in a sustained manner.
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The CME project has an advantageous competitive position as a result of the availability of the Langis high purity quartz deposit and the abundance of hydroelectric power at favorable cost in Quebec.
Finally, the CME projects benefits from the globally favorable Canadian situation regarding tariff barriers in the industry.
About Canadian Metals
Canadian Metals Inc. is focused exclusively on the development of its Langis Project, a high-purity silica deposit located in the province of Quebec. The Company is rapidly positioning itself to eventually become a North American ferrosilicon and silicon metal producer.
For almost a decade, quartz from the Langis quarry has been exported to Europe for ferrosilicon production. Canadian Metals has rapidly built an international management team with local talent with a view to implementing a ferrosilicon plant in Quebec for converting the Langis silica into high grade ferrosilicon. With the goal to create approximately one hundred highly qualified direct jobs and some three hundred indirect jobs, Canadian Metals strongly believes that the Province of Quebec benefits from all of the required infrastructures, including transportation, port facilities, clean and renewable energy sourceand skilled labor in order to successfully implement this metals and minerals project.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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