HPQ Silicon Resources Inc. (“HPQ” or the “Company”)
(TSX-V: HPQ) (OTCQX: HPQFF) (FWB: UGE), an
innovative silicon solutions and technology development company, is
pleased to inform shareholders that it has secured, with a
Quebec-based supplier, the procurement, and January 2022 delivery,
of the high purity quartz material needed to operate the GEN3
PUREVAPTM Quartz Reduction Reactor (“QRR”) Pilot Plant. HPQ is also
please to inform shareholders that technology provider, PyroGenesis
Canada Inc. (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), has
informed HPQ that, taken into consideration the latest delays
related to COVID-19 restriction implemented by the Quebec
Government, the commissioning of the GEN3 PUREVAPTM QRR will be
completed during Q1 2022, and that shortly after that the pilot
plant will be operational.
ONE STEP CLOSER TO VALIDATING
PUREVAPTM QRR
GAME CHANGING ADVANTAGESThe PUREVAPTM QRR is an
innovative process, which permits the one-step transformation of
quartz (SiO2) into high purity silicon metal (from 99.5% to 99.99%
Si) at reduced costs, energy input, and carbon
footprint. This game changing advantage means that the
PUREVAPTM QRR process not only produces a higher purity silicon
material than traditional processes, but it does not require the
extremely pure feedstock needed by conventional processes. In fact,
the process only requires 4.5 MT of raw material to make 1 MT of
Silicon, versus the 6 MT required by conventional processes, a 25%
reduction which potentially allows a 20% cash cost advantage versus
the lowest cost traditional Silicon producer1.
Si MARKET IN DEFICIT, PRICES SOARING,
NEW GREENFIELD DEVELOPMENTS NEEDED2Recent
market events are focussing attention on the fact that Silicon
(Si), also known as silicon metal, is one of today’s key strategic
energy metals needed to meet the goal of decarbonizing the economy
by 2050. High Purity Silicon (2N+) is in very high demand due to
the underlying needs for Silicon as feedstock for Polysilicon
(Solar and Electronics), the emerging Batteries sectors, and the
more typical industrial Silicone applications, at a time when
capacity is simply not available to meet demand.
https://www.globenewswire.com/NewsRoom/AttachmentNg/48484693-f083-47dd-93df-6b1c53e45e91
Figure 1) Silicon Metal pricing trends pre-Covid
and now in the US and Europe, in relationship to the PUREVAPTM QRR
expected operating cost, that will be validated during the Gen3
pilot plant program.
“HPQ has been at the forefront of Low-Cost Green
Silicon innovation developments since 2015, and the up and coming
start of the GEN3 PUREVAPTM QRR pilot plant, could not be occurring
at a more opportune time, as demand continues to rise and
bottlenecks we had foreseen are now occurring in the silicon supply
chain. With ESG principles playing an active role in materials
sourcing, the world is more aware of the difficulty of securing the
ESG compliant Silicon needed to meet its renewable energy goals.
The reality of chronic underinvestment in new technologies combined
with the offshoring of Silicon production capacity, has created a
massive opportunity for HPQ and its PUREVAPTM QRR patented process,
as we are the only company to bring to market a new process to make
Silicon that is perfectly suited to the new demands and realities
of the Silicon market,” said Mr. Bernard Tourillon, President and
CEO of HPQ Silicon.
Other Corporate
news: Incentive stock option
distributionOn December 20th, 2021, HPQ Board of Directors
has granted the following incentive stock options under the
company's 2021 Stock Option Plan to directors, officers, employees,
and consultants of the company entitling the option holder to
acquire an aggregate of 14,985,000 common shares of the company.
9,650,000 of these options are exercisable at a price of 55 cents
per share and will expire on Dec. 20, 2023, while the remaining
5,335,000 are exercisable at a price of $1.00 per share and will
expire on Dec. 20, 2026.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is a leader in the
design, development, manufacture and commercialization of advanced
plasma processes and sustainable solutions which reduce greenhouse
gases (GHG) and are economically attractive alternatives to
conventional “dirty” processes. PyroGenesis has created
proprietary, patented and advanced plasma technologies that are
being vetted and adopted by multiple multibillion dollar industry
leaders in three massive markets: iron ore pelletization, aluminum,
waste management, and additive manufacturing. With a team of
experienced engineers, scientists and technicians working out of
its Montreal office, and its 3,800 m2 and 2,940 m2 R&D and
manufacturing facilities, PyroGenesis maintains its competitive
advantage by remaining at the forefront of technology development
and commercialization. The operations are ISO 9001:2015 and
AS9100D certified, having been ISO certified since 1997. For more
information, please visit: www.pyrogenesis.com.
About HPQ Silicon ResourcesHPQ
Silicon Resources Inc. (TSX-V: HPQ) is a Quebec-based
innovative silicon solutions company that offers innovative silica
(SiO2), silicon (Si) based solutions and is developing a unique
portfolio of high value-added silicon (Si) products sought after by
battery and electric vehicle manufacturers.
Silicon (Si), also known as silicon metal, is
one of today’s key strategic materials needed for the
decarbonization of the economy and the Renewable Energy Revolution
(“RER”). However, silicon does not exist in its pure state and must
be extracted from quartz (SiO2) in what has historically been a
capital and energy-intensive process.
With PyroGenesis Canada Inc. (TSX: PYR)
(NASDAQ: PYR), HPQ is developing:
-
the PUREVAPTM “Quartz
Reduction Reactors” (QRR), an innovative process (patent
pending), which will permit the one-step transformation of quartz
(SiO2) into high purity silicon (Si) at reduced costs, energy
input, and carbon footprint that will propagate its considerable
renewable energy potential.
-
Through its 100% owned subsidiary, HPQ NANO Silicon Powders Inc.,
the PUREVAPTM Nano
Silicon Reactor (NSiR) is a new
proprietary process that can use material produced by the QRR as
feedstock, to make a wide range of nano/micro spherical powders of
different sizes and nanowires.
-
Through its second 100% owned subsidiary, HPQ Silica POLVERE Inc.,
HPQ is developing a new plasma-based process that will allows a
direct Quartz to Fumed silica transformation, removing the usage of
hazardous chemical in the making of Fumed silica and eliminating
the Hydrogen Chloride Gas (HCI) associated with its
manufacturing.
HPQ is also a technology development company
interested in developing hydrogen-based ventures, that could be
complementary to the QRR efforts. Currently, HPQ is evaluating two
different approaches to reach this goal, those being:
-
Working with Swiss based company EBH2 Systems SAS as it pertains to
their proprietary process to manufacture Green Hydrogen via
electrolysis, and
-
Developing our own processes of making hydrogen via hydrolysis of
nanosilicon materials made by our PUREVAPTM (NSiR).
For more information, please visit HPQ Silicon
web site.
Disclaimers:
The Corporation’s interest in developing the
PUREVAP™ QRR and any projected capital or operating cost savings
associated with its development should not be construed as being
related to the establishing the economic viability or technical
feasibility of any of the Company’s Quartz Projects.
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Company's current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Company with respect to future events and are subject
to certain risks and uncertainties and other risks detailed from
time-to-time in the Company's ongoing filings with the security’s
regulatory authorities, which filings can be found at
www.sedar.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on
these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This News Release is available on the
company's CEO Verified Discussion Forum, a moderated social
media platform that enables civilized discussion and Q&A
between Management and Shareholders.
Source: HPQ Silicon Resources Inc.
For further information
contact: Bernard J. Tourillon, Chairman, President and CEO
Tel +1 (514) 907-1011Patrick Levasseur, Vice-President and COO Tel:
+1 (514) 262-9239Email: Info@hpqsilicon.com
____________________1 HPQ Silicon June 17th, 2019, release 2
www.reuters.com/business/energy/solar-industry-demand-raises-temperature-silicon-market-2021-09-21/
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