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 the United States Patent and
Trademark Office has issued a notice of allowance to HPQ SILICON
RESOURCES INC regarding the patent application titled "SILICA TO
HIGH PURITY SILICON PRODUCTION PROCESS", and that HPQ patent agent
as paid the required fees, the final step before the patent is
official filed online.
GETTING US PATENT PROTECTION FOR
OUR PUREVAP™ QRR
PROCESS: A BIG MILESTONE REACHEDThe US patent
covers the PUREVAP™ QRR 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
PUREVAP™ 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. Furthermore, as part
of our ongoing strategy of protecting and strengthening the
PUREVAP™ Intellectual Property Portfolio, a second patent
application, focussed on a new and novel process was filed in 2019
and is presently advancing through the process.2
“HPQ has been at the forefront of Low-Cost Green
Silicon innovation developments since 2015, and getting this U.S.
patent approval, combined with the ongoing commissioning of the
GEN3 PUREVAP™ QRR pilot plant, has occurred at an 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 PUREVAP™ 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.
Si MARKET DEFICIT AT 92,000 MT, PRICES
SOARING, NEW GREENFIELD DEVELOPMENTS
NEEDED3Recent 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. This is a result of several of the old
energy intensive plants, mothballed during the Covid pandemic,
being not economically or environmentally viable to return online.
New and efficient greenfield projects will be needed to meet
demand, and the PUREVAP™ QRR technology is well positioned to
eventually become the industry’s option of choice.
Other Corporate news: Modification to
the Stock Option Plan
The Board of Directors has approved the
modification of the total number of shares that may be issued
pursuant to its stock option plan, increasing it by 17,500,000
shares from 4,500,000 shares to 22,000,000 shares and, as a result,
the consolidation of its current stock option plan into the new
2021 stock option plan. The maximum number of common of shares that
may be issued under the plan shall be equivalent to less than 10%
of the issued and outstanding common shares of the Corporation. The
modification and new 2021 stock option plan is subject to
regulatory approval
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 PUREVAP™ “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 PUREVAP™ 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 PUREVAP™ (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 HPQ Silicon Sept 4th,
2019, release3
www.reuters.com/business/energy/solar-industry-demand-raises-temperature-silicon-market-2021-09-21/
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