HPQ Silicon Resources Inc.: Final Gen 1 PUREVAP(TM) Purity
Enhancement Test Identifies Pathways To Producing Solar Grade
Silicon Metal with the Gen 2 PUREVAP(TM)
MONTREAL, QUEBEC -- (Marketwired - Nov. 1, 2017)
- HPQ Silicon Resources Inc
("HPQ") (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to
inform its shareholders that PyroGenesis Canada Inc ("PyroGenesis")
has submitted to HPQ a report entitled "Final Report-Silicon
Metal Purity Enhancement" pertaining to the final series of the
96 metallurgical tests completed using the Gen 1
PUREVAPtmQuartz Reduction Reactor
("QRR"). The effect of various operating parameters on the
final purity of the Silicon Metal produced was rigorously
tested. The findings validated the concept, and extrapolating
the results suggests that under a semi-continuous
PUREVAPtm process, we can transform
Quartz (SiO2) into Silicon Metal (Si) with purity levels
acceptable to the solar wafer industry (4N+ or 99.998%
Si)1. The recently commenced Gen 2
PUREVAPtm metallurgical testing program
aims to confirm this and to allow us to make samples for downstream
product testing as we finalize plans and prepare to assemble the
Pilot Plant.
Bernard Tourillon, Chairman and CEO of HPQ stated, "Results
to date are spectacular, in less than 18 months the PUREVAP™ QRR
process has demonstrated a one-step capacity to produce very pure
Silicon Metal. Traditional industrial processes need to deploy
multiple expensive steps to reach the same purity level. The Gen 2
PUREVAP™ will allow us to test, over the comings months, a number
of purification options including slow cooling, as we continue our
methodical metallurgical testing protocol. Our goal is
straightforward, we seek to produce a Solar Grade Silicon Metal
that can be used to manufacture solar cells as efficient as the one
produced by Elkem Solar of Norway, the only commercially successful
UMG Solar producer in the World."
PYROGENESIS CEO REMARKS
"We are extremely happy with the Gen 1 PUREVAP™ results,
however, this first-generation reactor was limited in its ability
to push yield which directly relates to purity. The second stage
testing program, or Gen 2 PUREVAP™, will allow us to test those
limits, thereby increasing the probability of success when
assembling the pilot plant", said P. Peter Pascali, President and
CEO of PyroGenesis. "We are pleased to join HPQ in announcing both
the reaching of this new milestone and the commencing the second
stage testing program."
A document covering the salient points of the report can be
download from our web page http://www.hpqsilicon.com:
HPQ GEN 1 FINAL REPORT SALIENT POINTS.
Pierre Carabin, Eng., M. Eng., has reviewed and approved the
technical content of this press release.
This Press 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.
La version française du communiqué de presse sera disponible sur
http://www.hpqsilicon.com
About HPQ Silicon
HPQ Silicon Resources Inc is a TSX-V listed resource company
planning to become a vertically integrated and diversified
Metallurgical Grade and Solar Grade Silicon Metal
producer. Our business model is focused on developing a
disruptive one step High Purity and Solar Grade Silicon Metal
manufacturing process (patent pending). Solar Grade Silicon
being the key ingredient required to transforms the sun energy into
electricity.
HPQ plans to generate high yield returns and significant free
cash flow within a relatively short time line. The process will
have a greatly decreased carbon footprint, energy footprint, and
will eliminate the use of the toxic chemical reagents and by
products now in use by the current solar silicon production
technologies, which fundamentally date from designs made in the mid
1900's.
Disclaimers:
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 on-going filings with the securities 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.
Shares outstanding: 173,003,173