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Canadian Metals: Langis PEA suggests 50,000 tonnes silicon production a year

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Canadian Metals: Langis PEA suggests 50,000 tonnes silicon production a year

A preliminary economic assessment of the silica project on behalf ofCanadian Metals Inc.revealed the deposit could support annual production of 50,000 tonnes of siliconand 24,000 tonnes of microsilica, the company said April 28.

The preliminary assessment, which was carried out by a teamof consulting firms led by Viridis.iQ GmbH, demonstrated that the Quebec-basedproject would cost C$302.6 million to build and operate, and provide aninternal rate of return of 20.7% under the base-case scenario, which translatedto a post-tax net project value of C$380 million.

Details about other assumptions used in the PEA were notincluded in the company's statement, including the type of mine and more detailabout processing and refining.