HPQ Silicon Resources Inc. (“HPQ” or the “Company”)
(TSX-V: HPQ) (OTCQX: HPQFF) (FWB: UGE), an
innovative silicon solutions company, through its wholly – owned
subsidiary HPQ Nano Silicon Powders inc (“HPQ NANO”), is pleased to
inform shareholders that further to our April 22, 2021 release,
technology provider, PyroGenesis Canada Inc. (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY), has confirmed that the Gen1
PUREVAP™ Nano Silicon Reactor (“NSiR”)
(“the
Reactor”) has produced its first batch of Nano Silicon
Materials.
MAKING NANO SILICON MATERIALS: A BIG
MILESTONE REACHED WITH THE REACTOR This milestone of
producing a first batch of Nano Silicon Materials followed our
methodical R&D approach to developing the PUREVAP™ NSiR
process. As might be expected with development projects, the
PyroGenesis engineering team faced a series of unexpected operating
issues which they have since resolved and overcome, which has
resulted in today’s announcement.
“The HPQ NANO team is now more confident than
ever that the PUREVAP™ NSiR will be able to deliver, at scale,
and on-demand, a nano silicon for anode production that will be
cost competitive. The validation announced today, that the
PUREVAP™ NSiR process can make Nano Silicon Material, was the
big breakthrough we were looking for,” said Bernard Tourillon,
President and CEO of HPQ Silicon. “Silicon is just beginning its
path to battery anode commercialisation, going from a demand today
that is less than 5% of anode material composition to over 30%
expected by 20301 in a rapidly expanding market. This represents a
massive demand expansion that simply cannot be met economically by
traditional processes to make silicon for anodes. With this
milestone, HPQ NANO is well positioned to offer the various sizes
and types of silicon material that reflect customer demand as each
industry participant is developing his own path to resolve the
silicon battery anode issue.”
The following three main objectives of the
Reactor testing program have now been achieved:
- Validation that the Reactor can
produce < 150nm Nano Silicon Powder (“NSP”) materials,
- Validation that the Reactor can
reach its design production parameters, and
- Producing Nano Silicon materials
using the Reactor
“Notwithstanding certain unexpected operating
challenges, the results today are indeed a significant milestone as
it validates our original assumptions and gives further evidence
that we are on the right path,” said P. Peter Pascali, CEO and
Chair of PyroGenesis. “Words cannot adequately describe the
excitement at PyroGenesis at potentially being able to address and
solve challenges in developing lithium-ion batteries, which are
sought after by many industries but specifically the EV
market.”
GOING FORWARD – MAKING MORE SILICON
MATERIAL FOR TESTING AND POTENTIAL CLIENTSAfter having
made the required design modification and process improvements
necessary for the Reactor to make Nano Silicon Materials, the
program can now move to the next phase of development, the Gen2
PUREVAP™ NSiR. The immediate work program will:
- Continue testing with the Reactor
in order to produce greater quantities of Nano Silicon Powders
(“NSP”),
- Have the NSP materials qualified
and
- Commence engineering design for the
next phase, the Gen2 PUREVAP™ NSiR, a 6 metric tonne per year
design capacity pilot plant
The next samples of NSP’s produced by Reactor
will be sent to the “Institut National de Recherche Scientifique”
(INRS) for third party evaluation of powder characteristics. This
third-party evaluation will be the next major milestone after which
subsequent batches will be delivered to the awaiting automobile
manufacturers plus numerous other entities that have demonstrated
an interest in receiving samples.
The objective of Gen2 PUREVAP™ NSiR small
scale pilot plant phase of work is to validate the commercial
scalability of producing nano silicon materials in the size range
from less than 100 nanometers to 5 microns (5,000 nanometres).
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 four 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 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.
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 Source Roskill.com
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