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Clean Energy Transition Inc
Symbol TRAN
Shares Issued 36,431,350
Close 2024-11-04 C$ 0.05
Market Cap C$ 1,821,568
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Clean Energy begins quartz production from Snow White

2024-11-06 12:52 ET - News Release

Mr. Sean Samson reports

TRANSITION.INC BEGINS PRODUCTION FROM THE SNOW WHITE QUARTZ PROJECT IN ONTARIO, MANAGEMENT PRESENTING AT INVESTOR CONFERENCE IN TORONTO

Clean Energy Transition Inc. has begun initial quartz production from the Snow White project and its president, chief executive officer and director Sean Samson will host a panel and later today deliver a spotlight presentation at the sixth annual Mining Investment North America conference.

Snow White quartz production

The company has now produced and sold silica/quartz from its Ontario Snow White quartz project. Samples have been sent to the United States and Canada, to customers whose businesses include the production of silicon and ferrosilicon alloys. These customers require test samples to run through their smelters for performance verifiication and hopefully then for negotiation of long-term supply contracts. "This is a big step for our quartz business to co-ordinate and successfully execute on the steps for production, managing the contractors for blasting, quarrying, hauling, processing, railcar and rail transportation. As I explained in our June corporate update, this was our goal -- to produce quartz in 2024," said Mr. Samson.

Snow White is located in Northern Ontario, 500 kilometres north-northwest of Toronto, 105 kilometres west of Sudbury. It is just over 40 kilometres by road from the town of Massey -- 25 kilometres on highway and 15 kilometres on a logging road. This summer, the company upgraded the logging road for the haul trucks to truck the material out. The property comprises 10 claim units within three staked unpatented mining claims totalling approximately 160 hectares. Snow White is permitted for unlimited annual quartz production.

The company drilled Snow White and M.Plan International completed a National instrument 43-101 technical report, which classified a mineral resource with 486,000 indicated tonnes and 271,000 inferred tonnes of quartz in the Snow White Main zone. Subsequent to the resource, the company has identified continued quartz along a one-kilometre trend and surface sampled from the Mirror and Pure White zones.

Snow White's quartz has very low impurities and the company believes it is an excellent feedstock for silicon metal smelters, specifically to create a product to be used for solar/photovoltaic modules -- a growing business for the energy transition. The tonnes of the Snow White Main zone alone could potentially produce more than 69 gigawatts of solar panels; that is approximately 10 times the current installed solar generation on Canada's power grids.

"If our quartz performs well in the smelters, Snow White could become a very large part of the push to grow solar power generation and contribute to the energy transition," added Mr. Samson.

Investor conference presentation

Later today in Toronto, Mr. Samson will speak at the sixth annual Mining Investment North America conference. This conference is billed by the organizers as North America's top resources hub for mining investment, critical minerals, hydrogen, technology opportunities and clean energy. There is no live stream but the presentation material has been posted to the company's website. Mr. Samson has been asked to present on how critical minerals influence the energy transition but will also be highlighting today's Snow White quartz project news.

About Clean Energy Transition Inc.

Clean Energy Transition is focused on opportunities to generate positive cash flow across the energy transition. The company includes a quartz division, focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge project in Quebec. The silica in high-quality quartz can be used to make silicon metal, a key component in solar energy panels. In addition to quartz, Clean Energy Transition is looking for low-carbon production opportunities in critical minerals and additional opportunities developing with the rapid change under way.

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