Montreal-based 5N Plus Inc., a developer and producer of high-purity metals, has filed its final prospectus for a $62 million initial public offering, which is expected to close Dec. 20. The company says it will use the money to fund construction of a new 40,000 square-foot manufacturing facility in Eisenhuttenstadt, Germany. This facility will be devoted exclusively to cadmium telluride production.

5N’s traditional business services the electronics market, but the German plant appears to be dedicated to supplying Phoenix, Arizona-based First Solar Inc., which as we all know is a stock-market darling (a 9-fold jump in the company’s stock price in 14 months!). First Solar’s solar modules are based on cadmium telluride cells, and 5N Plus is a major supplier of this material.

It stands to reason that 5N can benefit tremendously from First Solar’s success, and no doubt its IPO seems aimed at riding in First Solar’s wake.