In a release issued on Thursday, November 5th by HPQ Silicon
Resources Inc. (“HPQ” or “the Company”) (TSX-V: HPQ; FWB: UGE;
Other OTC : URAGF), please note that the information in the 6th
paragraph between parentheses has been
replaced from
(from < 0.20 m up to 5
m) to
(from < 0.20 µm up to 5
µm). The corrected release follows:Innovative silicon
solutions provider HPQ Silicon Resources Inc. (“HPQ” or “the
Company”) (TSX-V: HPQ; FWB: UGE; Other OTC : URAGF) through its
wholly – owned subsidiary, HPQ Nano Silicon Powders inc (“HPQ
NANO”), is pleased to announce today that technology provider
PyroGenesis Canada Inc. (TSX-V: PYR) has updated HPQ NANO on the
following PUREVAPTM Nano Silicon Reactor (“NSiR”) development
program milestones:
-
Process and mechanical engineering designs for the Gen1 PUREVAPTM
NSiR have been completed, on time and on budget;
-
Gen1 fabrication will start next week, project is on schedule for a
December 2020 commissioning and start.
The process engineering phase allowed the
PyroGenesis technical team to run a series of computer simulations
to ensure that the system works as planned. Satisfied with the
result, the mechanical engineering work needed to start the build
of the Gen1 PUREVAPTM NSiR was then completed.
Bernard Tourillon, President & CEO of HPQ
Silicon and HPQ NANO stated “It is very nice to see all the pieces
of the puzzle falling into place. We are just starting to visualize
the potential commercial applications of the PUREVAPTM processes we
are developing in close partnership with PyroGenesis, and I must
say that I really like what we are seeing. While we are very
excited by HPQ NANO material blue sky potential in the silicon
battery space, we are also thrilled by our material potential in
other high value markets, as this is another way for HPQ to expand
its product markets by diversifying which could potentially reduce
risk.”
PUREVAPTM
NSiR LOW COST SPHERICAL
SILICON MATERIALS: A GAME
CHANGING LEAP
Despite strong research and massive investment
in Silicon material for batteries, current manufacturing processes
are simply not scalable or commercially viable.
PyroGenesis, with 20+ years of experience in
manufacturing plasma atomized metal powders, bring this massive
knowhow to the development of the PUREVAPTM NSiR, a scalable
plasma-based Nano-Atomization process. PUREVAPTM NSiR will allow
the low-cost transformation of metallurgical Silicon into
tailor-made spherical silicon powders and/or Silicon Nanowires that
battery and Electric Vehicle (EV) manufacturers are looking
for.
With its capability of producing tailor made
spherical silicon materials within a wide size distribution ranges
(from < 0.20 µm up to 5 µm), the PUREVAPTM NSiR represents a
game changing leap forward in resolving the issues of commercial
viability and scalability.
HPQ NANO will be uniquely positioned to offer a
wide spectrum of the products needed to meet the anticipated
massive emerging demands from battery and EV manufactures.
PUREVAPTM
QRR AND NSIR PRODUCT
RANGE OPENS UP OTHER HIGH VALUE NICHE MARKET
HPQ NANO will also be uniquely positioned to
offer the hydrogen sector access to a low-cost nano silicon powders
alternative that can be used to extract H2 from water.
Having the ability to use the metallurgical
silicon (3N – 4N Si) to be produced by HPQ PUREVAPTM “Quartz
Reduction Reactors” (QRR) as feedstock for the
PUREVAPTM NSiR, HPQ NANO will be able to come to market with a
range of High Purity Si powder products presently used by specialty
manufacturers. This represent an immediately addressable market of
100,000+ tonnes per year for HPQ NANO products. This represents 3%
of the entire Silicon market which CRU1 estimates will grow 15% by
2025.
Tourillon added “What is truly becoming exciting
about HPQ NANO is the competitive advantage we have in the massive
EV and battery space, as well as, the competitive advantages we are
starting to build in silicon products that we will be able to
produce for alternative silicon markets.”
OTHER CORPORATE NEWS
In accordance with the agreement between
HPQ-Silicon and Agoracom entered into on July 15, 2018 for the term
ending July 15, 2020, HPQ-Silicon board has approved the issuance
of 37,171 common shares at a deemed price of $0.38 per share to pay
$14,125 for services rendered during the period from April 16, 2020
ending July 15, 2020. Each share issued pursuant to the debt
settlement will have a mandatory four (4) month and one (1) day
holding period from the date of closing.
As of July 15, 2020, HPQ-Silicon entered into a
new agreement with Agoracom for the term ending July 15, 2021.
HPQ-Silicon board has approved the new agreement and has approved
the issuance of 25,223 common shares at a deemed price of $0.56 per
share to pay $14,125 for services rendered during the period from
July 16, 2020 ending October 15, 2020 in accordance with the new
agreement. Each share issued pursuant to the debt settlement will
have a mandatory four (4) month and one (1) day holding period from
the date of closing. These agreement and debt settlement are
subject to the approval of the TSX Venture Exchange.
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 products. The
Company provides its engineering and manufacturing expertise and
its turnkey process equipment packages to customers in the defense,
metallurgical, mining, advanced materials (including 3D printing),
and environmental industries. With a team of experienced engineers,
scientists and technicians working out of its Montreal office and
its 3,800 m2 manufacturing facility, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. The Company’s core competencies
allow PyroGenesis to provide innovative plasma torches, plasma
waste processes, high-temperature metallurgical processes, and
engineering services to the global marketplace. PyroGenesis’
operations are ISO 9001:2015 and AS9100D certified. For more
information, please visit www.pyrogenesis.com.
About HPQ Silicon
HPQ Silicon Resources Inc. (TSX-V: HPQ) is
a Canadian Innovative Silicon Solutions Provider.
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”).
Silicon is the most abundant element in earth’s
crust but 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. That is why HPQ is building a portfolio
of silicon–based products using innovative scalable processes. The
target objective is to produce high value speciality Silicon
products using technologies that will reduce energy consumption,
GHG’s, and carbon footprint. .
Working with PyroGenesis Canada Inc. (TSX-V:
PYR), a high-tech company that designs, develops, manufactures and
commercializes plasma - based processes, 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;
-
HPQ believes it will become the lowest cost (Capex and Opex)
producer of silicon (Si) and high purity silicon metal (3N – 4N
Si);
-
Through its 100% owned subsidiary HPQ NANO Silicon Powders Inc, the
PUREVAPTM Nano Silicon
Reactor (NSiR), a new
proprietary process that can use different purities of silicon (Si)
as feedstock, to make spherical silicon nanopowders and nanowires;
-
HPQ believes it can also become the lowest cost manufacturer of
spherical Si nanopowders and silicon-based composites needed by
manufacturers of next-generation lithium-ion batteries;
-
During the coming months, spherical Si nanopowders and nanowires
silicon-based composite samples requested by industry participants
and research institutions’ will be produced using PUREVAPTM
SiNR.
HPQ is also working with industry leader Apollon
Solar of France to:
-
Use their patented process and develop a capability to produce
commercially porous silicon (Si) wafers and porous silicon (Si)
powders;
-
The collaboration will allow HPQ to become the lowest cost producer
of porous silicon wafers for all-solid -state batteries and porous
silicon powders for Li-ion batteries;
- Develop the hydrogen
generation potential of Silicon nanopowders for usage with the
GennaoTM system;
-
Commercialize, exclusively in Canada, and non-exclusive in the
U.S.A., the GennaoTM H2 system and the chemical powders required
for the hydrolysis production of Hydrogen ("H2").
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.
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 on-going 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.
For further information
contact
Bernard J. Tourillon, Chairman, President and CEO
Tel (514) 907-1011Patrick Levasseur, Vice-President and COO Tel:
(514) 262-9239http://www.hpqsilicon.com Email:
Info@hpqsilicon.com
1 CRU – Silicon Market outlook – November 2018
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