HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering of silica and silicon-based
materials, is pleased to update shareholders on a new milestone
related to its Fumed Silica Reactor (FSR) Pilot Plant project.
HPQ Silicon’s wholly owned subsidiary, HPQ Silica Polvere Inc.
(HPQ Polvere), received notification from its technology provider
and equipment supplier, PyroGenesis Canada Inc. (TSX: PYR)
(OTCQX: PYRGF) (FRA: 8PY) (PyroGenesis), that the
engineering design for the FSR Pilot Plant project has been
concluded. All equipment parts needed for the project have been
sourced, fabrication is completed, and all additional peripheral
materials have been ordered.
SCALING UP HPQ’S FUMED SILICA REACTOR
The ability to manufacture commercial-grade
Fumed Silica directly from quartz, which is what HPQ FSR does,
represents a substantial and unique advantage. Validating this, at
pilot scale, is the final milestone before commercialisation.
The 50 tonnes per year (TPY) FSR pilot plant is now moving into
the assembly phase, marking the final step before the scheduled
commissioning in Q2 2024.
“Achieving this milestone brings us closer to validating the
scalability of the Fumed Silica Reactor technology, the final step
in demonstrating the commercial potential of our proprietary
innovation," stated Mr. Bernard Tourillon, President and CEO of HPQ
Silica Polvere Inc. and HPQ Silicon Inc. "With commissioning
scheduled to commence in Q2 2024, it is now time for HPQ Polvere to
concentrate on securing a pathway to commercialization. This is
where the news from January 10, 2024, and last week's
announcement takes on new significance.”
THE PILOT PLANT
The construction of the FSR pilot plant is set to take place in
a dedicated space within PyroGenesis’ facilities, featuring
tailor-made infrastructure to address the pilot plant’s distinctive
ventilation, safety, and access needs. An allocated 4,000 sq ft
facility, with a height allowance of 30 feet, has been designated
to accommodate the pilot plant, which boasts an approximate layout
footprint of 50ft by 30ft.
“This development milestone initiates the construction phase of
what we believe to be a truly innovative approach to producing one
of industry’s most in-demand materials”, said Mr. P. Peter Pascali,
CEO and President of PyroGenesis. “Conventional fumed silica
processes, which rely on silicon metal (Si) as raw material, not
only have a significant carbon footprint of around 9.5 tonnes of
CO2 equivalent per tonne of fumed silica, but also present complex
process challenges which include, but are not limited to, using
hazardous materials.[1] The technology developed by PyroGenesis for
HPQ Polvere will offer significant economic and environmental
advantages over conventional manufacturers – improving
profitability, but also reducing the environmental footprint and
reducing the harmful chemicals associated with traditional fumed
silica production.”
OTHER CORPORATE NEWS
The Corporation announces that the exercise price of the
6,800,000 warrants issued on May 2, 2022, with expiry date May 2,
2024, be amended and changed from $0.60 to $0.275. In order to
respect the TSX Venture Exchange Policies, concurrent with the
exercise price amendment, the term of the warrants will also be
amended to include an accelerated expiry clause such that the
exercise period of the warrants will be reduced to 30 days if, for
any ten consecutive trading days during the unexpired term of the
warrants (Premium Trading Days), the closing price of HPQ’s shares
exceeds the exercise price of the warrants by 25% or more and the
reduced exercise period of 30 days will begin no more than 7
calendar days after the tenth Premium Trading Day.
As of today, none of these warrants has been exercised.
These amendments are subject to TSX Venture Exchange acceptance
and regulatory authorities.
REFERENCE SOURCES
[1] |
2012 – Executive summary: “SILICON-CHEMISTRY CARBON BALANCE, AN
ASSESSMENT OF GREENHOUSE GAS EMISSIONS AND REDUCTIONS”, Covering
the Production, Use and End-of-Life of Silicones, Siloxanes and
Silane Products in Europe, North America, and Japan. [Pages 20 to
21] (Commissioned by Global Silicones Council, Centre Européen des
Silicones, Silicones Environmental, Health and Safety Council of
North America Silicone Industry Association of Japan). |
|
|
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
HPQ Silicon Inc. (TSX-V: HPQ) is a
Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer.
HPQ is developing, with the support of
world-class technology partners PyroGenesis Canada Inc. and
NOVACIUM SAS, new green processes crucial to make the critical
materials needed to reach net zero emissions.
HPQ activities are centred around the following
four (4) pillars:
1) |
Becoming a green low-cost (Capex and Opex) manufacturer of Fumed
Silica using the FUMED SILICA REACTOR, a
proprietary technology owned by HPQ being developed for HPQ by
PyroGenesis. |
2) |
Becoming a zero CO2 low-cost
(Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using
our PUREVAPTM “Quartz
Reduction Reactors” (QRR), a proprietary technology owned
by HPQ being developed for HPQ by PyroGenesis. |
3) |
Becoming a producer of
silicon-based anode materials for battery applications with the
assistance of NOVACIUM SAS. |
4) |
HPQ SILICON affiliate NOVACIUM
SAS is developing a low carbon, chemical base on demand and
high-pressure autonomous hydrogen production system. |
|
|
For more information, please visit HPQ Silicon
web site.
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 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 Inc.For further
information contact: Bernard J. Tourillon, Chairman,
President, and CEO Tel +1 (514) 846-3271Patrick Levasseur, Director
Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
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