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INTERVIEW: HPQ Silicon $HPQ.ca Discusses Importance Of Operational “Mini Model” Of Planned 200 tonnes Per Annum Pilot Plant

Posted by AGORACOM-JC at 4:19 PM on Tuesday, September 19th, 2017

PUREVAP(TM) Pilot Plant Testing Starting Early With Commissioning of $HPQ.ca 1/250 Scale Pilot Equipment

Posted by AGORACOM-JC at 7:40 AM on Tuesday, September 19th, 2017

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  • Advanced, second stage bench testing program is about to commence
  • Gen 2 PUREVAPtm Quartz Reduction Reactor (“QRR”) reactor, 1/250 scale model of the planned 200 tonnes per annum (tpa) Pilot Plant will be operational in the coming weeks

MONTREAL, QUEBEC–(Sept. 19, 2017) – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to advise shareholders that an advanced, second stage bench testing program is about to commence. PyroGenesis Canada Inc (PyroGenesis) has informed HPQ that the Gen 2 PUREVAPtm Quartz Reduction Reactor (“QRR”) reactor, 1/250 scale model of the planned 200 tonnes per annum (tpa) Pilot Plant will be operational in the coming weeks.

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “The design and construction of the Gen 2 PUREVAPtm QRR is another exciting step toward commercialization and is a result of the collaborative efforts of PyroGenesis and HPQ. Building on our success to date the Gen 2 PUREVAPtm QRR will allow for further refinements to the silicon purification and testing of the numerous process improvements now planned for the Pilot Plant. This will greatly de-risk our project and provide valuable information sooner as we continue to make the process adjustments needed to produce Solar Grade Silicon Metal.”

GEN 1 PUREVAPtm QRR REACTOR: SUCCESSFUL AND NOW BEING RETIRED

The first generation batch lab scale PUREVAPtm QRR (now referred to as Gen 1 PUREVAPtm) was built to prove the concept that quartz could be transformed in one step into Silicon Metal (Si), for the solar panel industry. A series of tests using the Gen 1 PUREVAPtm were ordered (September 2, 2016 PR) to generate key technical data required for the design of the 200 tpa pilot plant capable of producing Solar Grade Si (SoG Si). The Gen 1 PUREVAPtm process succeeded, demonstrating significant impurity removal, in one step, transforming low purity SiO2 (Quartz) into 3N+ Purity Si (99.97% Si) (May 16, 2017 PR, January 26, 2017 PR, November 29, 2016 PR, November 2, 2016 PR and September 29, 2016 PR). This product exceeds the highest purity level of the Metallurgical Grade Silicon Metal (Mg Si) industry, a US$5.5 billion dollar per year industry1.

1 Source CRU, 2018 MG Si demand projected at 2,5 M tonnes, 2018 prices US$2,200 per tonne (Ferroglobe)

Our next key milestone is to produce quantities of solar grade silicon for testing of its electrical characteristics, sending material to industry participants and finalize Pilot plant design en route to commercialization. CEO Bernard Tourillon commented, “Our Gen 1 PUREVAPtm was a great success and we believe the reactor will eventually make its way to a science and engineering hall of fame. It has currently reached its maximum operational efficiencies and nothing more could be gained by additional tests.”

GEN 2 PUREVAPtm QRR REACTOR PRESENTS MAJOR DE-RISKING MILESTONES

The Gen 2 Purevap™ QRR will focus on Process Refinement, Characterization, Metallurgical Testing and purity improvements using the new semi-continuous feed 1/250 scale pilot-plant (May 4, 2017, PR).

Based on Gen 1 PUREVAPtm results, PyroGenesis completed the detailed engineering and design of the 200 tpa pilot plant, including substantial process modifications. Gen 2 PUREVAPtm therefore is an upgraded version of the Gen 1 Purevaptm that will be a true 1/250 scale replica of the planned larger pilot plant (Gen 3 PUREVAPtm). The Gen 2 PUREVAPtm is undergoing final manufacturing, assembly and testing and will be operational during the first weeks of October 2017.

The start of this new metallurgical testing program using The Gen 2 PUREVAPtm represents major de-risking of the Pilot Plant program for the following reasons:

  • Gen 2 will allow specific process design improvements and modifications derived from Gen 1 PUREVAPtm test work to be implemented and perfected;
  • The Gen 2 produces larger silicon Metal (Si) samples to test improvements to the purification process;
  • Gen 2 allows an intermediate step in scaling up to the Pilot Plant, mitigating that scaling up risk;
  • Gen 2 will allow the following Milestones to be reached sooner than originally planned;
    • Producing larger Si samples for testing by potential purchasers;
    • Allows HPQ and Pyrogenesis to test the electrical parameters of the High Purity Si;
    • Produce enough material to send samples to Solar industry participants;
    • Provide data to demonstrate the economics of PUREVAP™ QRR.

PYROGENESIS CEO REMARKS

We are pleased to join HPQ in announcing both reaching this new milestone and commencing the second stage testing program,” said P. Peter Pascali, President and CEO of PyroGenesis. “I also wish to commend the team, both at PyroGenesis and HPQ, for having persevered through the many challenges to date and for all the discoveries they made along the way (the ability to transform low purity Quartz into 3N+ Silicon Metal in one step at lab scale not being the least of them). As we have said in the past, it will not be a straight line to success, but given the results to date we are more confident then ever before that we will have a commercial success. What level of success, is yet to be determined. As in all projects, delays will occur, but I firmly believe we are on the right track to have a significant impact in the high purity silicon and solar markets.

UPDATE ON SILICON METAL PURITY TESTING

Further to our June 23, 2017 press release, the company continued to work with PyroGenesis and a number of specialized laboratories on silicon analysis protocols. Specifically, efforts focus on analytical procedures, certification, and analysis turn around time. We are working with our partners to resolve the analytical bottlenecks.

Results will be reported in a comprehensive report on the proof of concept and phase one process characterization and metallurgical testing programs, being prepared by PyroGenesis.

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.

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). 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: 170,003,173

HPQ Silicon Resources Inc.
Bernard J. Tourillon
Chairman and CEO
(514) 907-1011

HPQ Silicon Resources Inc.
Patrick Levasseur
President and COO
(514) 262-9239
www.HPQSilicon.com

Invested in Canadian Solar $CSIQ ? $HPQ.ca continues to make great strides through purification for production of Solar Grade Silicon Metal

Posted by AGORACOM-JC at 4:25 PM on Monday, September 11th, 2017
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Scaling Up Milestones; 62% Increase in Impurity Removal Using Low Purity Feedstock; 531% Conversion Yield Increase

  • New stage report entitled “Update on The PUREVAPtm Process Characterization Testing #2” pertaining to tests completed (26/01/17).
  • Objectives of test #37 to #74 was increasing Si yield at lab scale by continuously improving process parameter and implementing alternative purification routes while still using low purity feed stock
  • Salient points of the report are significant in that they validate systematic and methodical approach to bench scale test purification work and scaling up our process of converting quartz into high purity silicon metal

Invested in Canadian Solar $CSIQ ? $HPQ.ca continues to make great strides through purification for production of Solar Grade Silicon Metal

Posted by AGORACOM-JC at 12:02 PM on Thursday, September 7th, 2017
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Scaling Up Milestones; 62% Increase in Impurity Removal Using Low Purity Feedstock; 531% Conversion Yield Increase

  • New stage report entitled “Update on The PUREVAPtm Process Characterization Testing #2” pertaining to tests completed (26/01/17).
  • Objectives of test #37 to #74 was increasing Si yield at lab scale by continuously improving process parameter and implementing alternative purification routes while still using low purity feed stock
  • Salient points of the report are significant in that they validate systematic and methodical approach to bench scale test purification work and scaling up our process of converting quartz into high purity silicon metal

 

HPQ to Start Expanded Geophysics Program on Beauce to Delineate the Boundaries of its Newly Discovered Major Fault Line #Gold $HPQ.ca

Posted by AGORACOM-JC at 11:06 AM on Tuesday, August 15th, 2017

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  • Beauce Gold Fields Inc will immediately start a geophysics program in order to further delineate the boundaries of the company’s recently discovered major fault that rises beneath the historical placer gold deposit

MONTREAL, QUEBEC–(Aug. 15, 2017) – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to announce that its 100% own subsidiary, Beauce Gold Fields Inc (“BGF”), will immediately start a geophysics program in order to further delineate the boundaries of the company’s recently discovered major fault that rises beneath the historical placer gold deposit, (HPQ Press release May 11, 2017) on BGF 100% owned Beauce Gold Fields property located in the municipality of St-Simon-Les-Mines in the Beauce region of Quebec.

The work program will consists of two lines audio-magnetotelluric (AMT) surveys, 2 lines of Electrical resistivity tomography (ERT) surveys and multiple gravimetric surveys, and will be done under the supervision of Professor Marc Richer-LaFlèche, Ph.D. Geo of the INRS.

Patrick Levasseur, President and COO of HPQ Silicon stated, “This is an important follow-up to the discovery of the major fault line as this will narrow our search of the hard rock source of the St-Simon-Les-Mines gold placers, and since the equipment and the INRS technical team was already mobilized in the area, we just could not pass on this opportunity and wait until next year to have this important work done.” Mr. Levasseur also stated, “Also exciting is the addition of ERT surveys over an unexplored area of the old gold mines along the Giroux creek were some of the largest nuggets were found in the past.”

Audio-magnetotelluric (AMT) surveys of high vertical penetration will be conducted parallel to the east along Rang 6 road and along Rang Chaussegros road to the west of the previous survey that was carried out along a 5.6 km section along the St-Gustave road. This path crosses perpendicularly the stratigraphy of the Beauceville Formation and its main regional structures. Results will be used to to locate the direction of the major fault identified from the survey conducted on the St-Gustave Road. The survey will also be used to document the presence of conductors that may be associated with massive polymetallic sulphides deposits as suggested in the last survey.

Electrical resistivity tomography (ERT) surveys will be made on both sides of the Giroux Creek extending past its confluence at the Gilbert river to end on lot #, on realestate owned by the Company. (southwestern part of the map in Figure 1). This area was mined in the nineteenth and early twentieth century (shafts and tunnels) and two of the largest gold nuggets discovered in the Beauce come from this sector. Geophysical imagery should allow visualization of the geometry of the quaternary units and detect electrically polarizable zones located in the bedrock (sulphide zones).

Gravimetric survey: Given the presence of volcaniclastic rocks and graphitic shales (electrically conductive), gravimetry is the best method for detecting the presence of massive sulphides of the Champagne type (VMS, Sedex) in the St-Simon- the mines.

Mr. Benoit Violette, P. Geo is the Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

Beauce Gold Fields Spinout to be done by Plan of Arrangement

The Company is proceeding with the spinout of its Beauce Gold Fields Inc subsidiary via a listing on the TSX-Venture exchange by way of a court-approved statutory Plan of Arrangement. Legal counsel is finalizing the Plan that will be submitted to the court, once the plan has been pre-approved by the TSX-V.

This step is required in order to obtain an interim order from the court of the Plan, so that thereafter the Plan of Arrangement can be subject to the approval of the company’s shareholders at a special shareholder meeting to be called for the purpose of seeking such approval.

After having received approval of the Plan the Company will petition the court for a definitive approval of the spinout. Only upon reception of the definitive approval by the court can the Board of HPQ elect a date of record, after consultation with the TSX-V.

Further details and updates will be provided to shareholders and other stakeholders via news releases only.

Other Corporate subjects

Shares For Services Program: In accordance with the agreement between HPQ-Silicon and AGORACOM (see Uragold press release July 18, 2014), extended by both Parties from July 15, 2016 to July 15, 2017 under the same terms and conditions (see HPQ press release September 16, 2016), is extended by both Parties for an additional year, from July 15, 2017 to July 15, 2018 under the same terms and conditions.

In accordance with the shares for services agreement between HPQ and AGORACOM on August 10, 2017, HPQ Board approved the issuance of 78,470 common shares at a deemed price of $0.18 per share to pay $14,125 for services rendered during the period from January 16, 2017, ending April 15, 2017. Furthermore, today, HPQ Board has approved the issuance of 113,000 common shares at a deemed price of $0.125 per share to pay $14,125 for services rendered during the period from April 16, 2017, ending July 15, 2017.

About Beauce Gold Fields

Beauce Gold Fields Inc (BGF) is a wholly owned subsidiary of HPQ Silicon. HPQ is in the process of “Spinning Out” Beauce Gold Fields into a new publicly trading junior gold company.

The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometer long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite).

The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries. The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s.

A Beauce Gold Fields presentation is available. It can be downloaded via link below
http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.999+% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated High Value Silicon Metal and Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

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.

To view the photo associated with this press release, please visit the following link: http://media3.marketwire.com/docs/1100909_HPQSt-Simon-les-Mines_Geophysics.jpg

Patrick Levasseur
President and COO
(514) 262-9239

Bernard J. Tourillon
Chairman and CEO
(514) 907-1011
www.HPQSilicon.com

HPQ Announces AGM Results, Up Date On Purity Testing And Launches “CEO Verified” Discussion Forum On AGORACOM $HPQ.ca

Posted by AGORACOM-JC at 3:48 PM on Friday, June 23rd, 2017

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  • As a result of review, HPQ and PyroGenesis have now approved a new testing protocol to be used going forward for the Silicon Metal produce by the PUREVAP™ QRR
  • New testing protocol will first assess the homogeneity of the silicon phase by Scanning Electron Microscope – Energy Dispersive Spectroscopy (SEM-EDS) in back scattering mode before any destructives test are completed

HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to report that all matters submitted to the shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, were approved during the Annual General and Special Meeting of the shareholders held on Wednesday June 21, 2017 in Montreal (the “AGM”).

Over 72,619,168 shares representing 42.97% of the 168,987,616 shares issued and outstanding as at the record date were voted.

RESULTS OF THE AGM VOTES

The following persons were re-elected as directors of the Corporation, to hold office until the next Annual Meeting or until their successors are elected or appointed:

With 99.85% of the vote in favor, Raymond Chabot Grant Thornton, LLP, chartered accountants, were appointed auditors of the Corporation for the ensuing year.

Bernard Tourillon, Chairman and CEO of HPQ stated, “We extremely pleased with obtaining 42.97% shareholder participation, up from 42.31% last year. Such a strong vote of confidence for the board and management team, during this transition year bodes very well for the future.

UPDATE ON ONGOING SILICON METAL PURITY TESTING

On June 2, 2017, PyroGenesis Canada Inc (“PyroGenesis”) submitted to HPQ a Technical Memo entitled “Analysis options for characterization of silicon products for PUREVAPtm”, as mention in our May 16, 2017 PR.

As a result of this review, HPQ and PyroGenesis have now approved a new testing protocol to be used going forward for the Silicon Metal produce by the PUREVAP™ QRR.  The new testing protocol will first assess the homogeneity of the silicon phase by Scanning Electron Microscope – Energy Dispersive Spectroscopy (SEM-EDS) in back scattering mode before any destructives test are completed.  While the addition of this step increases the time before we get any results above 3N+ purity, this step was deemed critical in assessing sample purity level.

Once these results have been analyzed, the material will be sent to a third-party laboratory for either Glow Discharge Mass Spectrometry (GDMS) testing or Inductively-Coupled-Plasma Mass-Spectrometry (ICP – MS) testing and in some case even both.

Testing for the purity of some of the material produced using lower quality feedstock (test #54 to #74) and some material produced using high Purity Quartz (99.5% SiO2) (Test #75 and above), but still using the old set-up of the PUREVAP™ QRR,have begun this week.

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Building on our success to date, the coming months should allow us to continue to make improvements to our scaling up program, while simultaneously testing for the best and greenest pathway to produce Solar Grade Silicon Metal at lab scale, prior to start-up of the Pilot plant scheduled for 2018.”

LAUNCH OF HPQ SILICON “CEO VERIFIED” DISCUSSION FORUM

AGORACOM has launched “CEO Verified” Discussion Forums, the first ever verification of small cap executive posts on a finance platform, as a superior alternative to general social media sites.  For the first time ever, small cap CEO’s and other company officials can use AGORACOM discussion forums as their main social media platform to post comments and interact with both shareholders and the broader investment community in a fully moderated and verified forum. Posts to AGORACOM are shareable on Twitter, Facebook and LinkedIn so that companies can continue to maintain a presence on key social media sites.

“CEO Verified” Discussion Forums represents an industry first, as small cap CEO’s and officials simply could not communicate with shareholders in any finance community due to lack of verification and the risk of impersonation leading to catastrophic consequences.  AGORACOM “CEO Verified” Discussion Forums will create incredible levels of engagement between companies and investors that have long desired civilized, constructive and factual conversation, with no limitations to character limits and use of multi-media.

The HPQ Silicon CEO Verified Discussion Forum can be found at https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion.  There are no log-in requirements for investors to read posts.  Those wishing to post questions, comments and interact with HPQ Silicon management can quickly log-in using their Facebook or LinkedIn accounts, or create a new user account in under 1-minute.

Verified HPQ Silicon officials will be:

  • Bernard Tourillon – Chairman and CEO
  • Patrick Levasseur – President and COO

Bernard Tourillon stated, “I encourage all of our investors to join our CEO Verified Discussion Forum and create great, vibrant, factual and constructive discussion for the long term benefit of everyone. This is a great concept that will replace our individual conversations with retail investors. This new format creates 100% transparency because all shareholders will see the questions and answers, as well as, making us more efficient by eliminating repetition. As such, it is a far superior format that we will fully embrace.”

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.999+% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated High Value Silicon Metal and Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

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.

 

For further information contact

 

Bernard J. Tourillon, Chairman and CEOTel (514) 907-1011 Patrick Levasseur, President and COOTel: (514) 262-9239 www.HPQSilicon.com

INTERVIEW: Missed the AGM? You’re In luck – HPQ Goes Beyond The AGM – June 23, 2017 $HPQ.ca

Posted by AGORACOM-JC at 10:46 AM on Friday, June 23rd, 2017

INTERVIEW: HPQ Discusses New Scaling Up Milestones; 62% Increase in Impurity Removal Using Low Purity Feedstock; 531% Conversion Yield Increase $HPQ.ca

Posted by AGORACOM-JC at 9:53 AM on Wednesday, May 24th, 2017

HPQ Silicon Signs Option Agreement with Golden Hope Mines on the Bellechasse-Timmins Gold Deposit

Posted by AGORACOM-JC at 9:00 AM on Tuesday, May 23rd, 2017

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  • Signed an option agreement with Golden Hope Mines (“GNH”) in relation to the advancement of the Bellechasse-Timmins gold deposit located in St-Magloire in the Beauce region of southeastern Quebec

MONTREAL, QUEBEC–(May 23, 2017) – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) is pleased to announce that it has signed an option agreement with Golden Hope Mines (“GNH”) in relation to the advancement of the Bellechasse-Timmins gold deposit located in St-Magloire in the Beauce region of southeastern Quebec.

On March 24, 2017 HPQ announced the signing of a MOU with Golden Hope Mines leading to a new option agreement between the two companies. This new option agreement ends the legal dispute between the two companies and establishes a new agreement for the advancement of the Bellechasse-Timmins gold deposit into a producing mine.

Patrick Levasseur, President and COO of HPQ Silicon stated, “I look forward to working with Golden Hope Mines to advance the B-T gold deposit. It’s exciting to have this opportunity to develop the potential of the B-T property while also advancing HPQ’s Beauce Gold property both of which are located in the Bellechase Gold Belt.”

Frank Candido, President, Director of Golden Hope Mines Limited “We are extremely pleased to be moving forward with HPQ and their team on the terms of this new option agreement. We believe that this new option agreement will benefit both companies and especially our shareholders. We expect to update our shareholders of all advancements and progress as it unfolds.”

KEY POINTS OF THE NEW OPTION AGREEMENT

1. The New Agreement provides HPQ with an option to earn a 30% undivided interest in the B-T Deposit by completing, at its cost, a list of actions specified milestones and time deadlines in the New Option Agreement.

2. The New Option Agreement provides HPQ with a further option to earn an additional 20% undivided interest in the Deposit (total 50%), following the completion of all specified actions, by securing the required financing to fully fund the commercial production of the Deposit in accordance with an Economic Assessment.

3. HPQ will subscribe to a private placement financing of GNH in the amount of $150,000 at a minimum price of $0.20 cents per share within 45 days of this announcement subject to all regulatory approvals.

4. An assignment of HPQ’s rights and obligations under the New Agreement to HPQ’s wholly-owned subsidiary Beauce Goldfields (BGF) may take place upon completion of certain conditions stipulated in the New Agreement.

5. In the event that HPQ does assign its rights and obligations under the New Agreement to BGF, GNH shall receive $50,000 in shares of BGF, subject to required approvals.

A Preliminary Economic Assessment and a Feasibility Study has not been completed and there is no certainty the proposed operation will be economically viable or mineable.

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.999+% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated High Value Silicon Metal and Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

About Beauce Gold Property 

The Beauce Gold project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 145 claims 100 per cent owned by HPQ, the project area hosts a six-kilometre-long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries.

Beauce Gold Property highlights (Beauce Technical 43-101 Report January 2015)

  • Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce gold project;
  • Polygonally calculated gold exploration target for the entire historical placer channel ranging between 61,000 ounces (2.2 million cubic metres at 0.87 gram of gold per cubic metre) and 366,000 ounces (2.2 million cubic metres at 5.22 grams of gold per cubic metre); Potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource
  • Significant potential for further exploration discoveries; geology suggest a proximate bedrock source of gold;
  • 176 acres of real estate 100 per cent owned by HPQ;
  • The property once held four historical gold mining operations;
  • The property produced the largest gold nuggets in Canadian mining history (St-Onge nugget, 43 ounces; McDonald nugget, 45 ounces; Kilgour nugget, 51 ounces). Source: W. Chapamn 1881 Gold Mines of Beauce, F. Drouin 2003 Les Mines D’Or En Beauce

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: 168,987,616

Bernard J. Tourillon
Chairman and CEO
(514) 907-1011

Patrick Levasseur
President and COO
(514) 262-9239
www.HPQSilicon.com

New Scaling Up Milestones; 62% Increase in Impurity Removal Using Low Purity Feedstock; 531% Conversion Yield Increase $HPQ.ca

Posted by AGORACOM-JC at 8:07 AM on Tuesday, May 16th, 2017

Hpq large

  • New Scaling Up Milestones
  • 62% Increase in Impurity Removal Using Low Purity Feedstock
  • 531% Conversion Yield Increase

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 a new stage report entitled “Update on The PUREVAPtm Process Characterization Testing #2” pertaining to tests completed since our last technical PR (26/01/17). The objectives of test #37 to #74 was increasing Si yield at lab scale by continuously improving process parameter and implementing alternative purification routes while still using low purity feed stock. The salient points of the report are significant in that they validate our systematic and methodical approach to our bench scale test purification work and scaling up our process of converting quartz into high purity silicon metal.

PROCESS IMPROVEMENT SHOWING SIGNIFICANT POTENTIAL TOWARD REACHING HIGHER PURITY

The report confirms that ongoing modifications to the PUREVAP™ QRR process have resulted in a 62% improvement in the impurity removal capacity of the system. This outcome is based on third party laboratory results1, comparing the total average impurities count of 856.6 ppm (99.91%) for the Si produced by test #24 completed prior the modification with the total impurity count result of 328.98 ppm (99.97%) for the Si produced by test #51 completed after, using the same low purity quartz feedstock with total impurity count of 18,900 ppm (98.14 SiO2).

Bernard Tourillon, Chairman and CEO of HPQ-Silicon stated, “These results demonstrate that the PUREVAPtm QRR quartz purification process can continue to be successfully improved while using low purity feedstock at the bench scale. This represents yet more important technical milestones being reached in our path toward production of Solar Grade Silicon Metal. At this stage of our development, we continue to pass critical milestones consistently and must continue our ‘iterative’ approach of incrementally increasing size, and purity step by step”.

Table 1: Removal efficiency of main impurities from Si Sample

Removal efficiency
Element Test#24 Test#51
Al 72.0% 93.9%
Ca 95.5% 98.8%
Fe 98.1% 99.3%
Mg 97.0% 99.9%
Mn 98.5% 99.5%
Na 99.6% 100.0%
K 96.4% 100.0%
Ti -15.0% 79.8%
P 44.7% 53.1%
S 99.9% 100.0%
W 55.6% 100.0%
B 34.0% 44.3%
Average 73.0% 89.1%
1 Analyses completed by Evans Analytical Group, (“EAG” of Liverpool, NY, USA) – using Glow Discharge Mass Spectrometry (“GDMS”)

Results for key impurities from test 51 indicate that the process modification implement are now allowing removal efficiencies of 100% for Na, K, S and W, > 99% for Fe, Mg and Mn, 98.8% for Ca, 93.9% for Al, 79.8 % for Ti (one of the most difficult impurity to remove), 53.1% for P and 44.3% for B.

Final results regarding process improvement using lower quality feedstock in test #54 to #74 will be reported once analysed by third party laboratory. PyroGenesis will submit a technical proposal to HPQ shortly, highlighting the best way to proceed with the final batch, based upon process and test results to date.

TESTING USING FEEDSTOCK WITH 99.5% SiO(500 PPM OF IMPURITIES) BECOMES KEY FOCUS

Once the results from samples #54 to #74 are completed, the effort will focus on applying purification techniques to higher purity quartz feedstock. Presently the industry produces standard grade Si (MG-Si 98-99% Si) using as feedstock a quartz with no more then 500 ppm of impurities (99.5% SiO2) and a maximum iron oxide (Fe) content of 0.1-0.15 wt%.

With the exception of the proof of concept phase, all of the tests to date that produced 99.9+% Si were completed using quartz feed stock with a total impurity count of 18,900 ppm (98.14 SiO2) and iron oxide (Fe) content of 0.9 wt%, or 9 times greater than the industry standard for Fe.

Having successfully secured access to high purity Quartz (99.5% SiO2) from both HPQ – owned quartz deposits and from outside suppliers, the next phase will apply the high efficiency impurities removal techniques to the higher purity feedstock. The objective of using the higher purity feedstock is to test the ability to reach the 5N threshold at the bench scale, and provide more data necessary for the final design of the pilot plant. These tests will commence as soon as the latest process improvements announced in our May 4, 2017 PR, are completed on the lab scale PUREVAP™ QRR.

“We are pleased with the progress to date,” said Pierre Carabin, Chief Technology Officer of PyroGenesis. “We have now reached a stage where we can start testing using high purity feedstock which will allow us to validate the impurity removal capacity of the lab scale reactor and ultimately, to further improve the product purity.”

TESTING CONTINUES TO CONFIRMS BENCH TEST SCALABILITY OF PUREVAP™ QRR PROCESS

The report confirms that process modifications done to the PUREVAP™ QRR are responsible for a 531% increase in yield of the Si produced. This is based on the fact that the process modifications has made it possible to produce the same quantity of material as produced by test #32 (PR January 26, 2017) using smaller batch size (55 wt% less) without sacrificing the purity of the final product.

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Building on our scaling up success to date, the coming months should allow us to continue to make improvements to our scaling up program, while simultaneously testing for the best and greenest pathway to produce 5N (99.999% Si) Solar Grade Silicon Metal at lab scale, prior to start-up of the Pilot plant scheduled for 2018.”

Pierre Carabin, Eng., M. Eng., has reviewed and approved the technical content of this press release.

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.999+% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated High Value Silicon Metal and Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

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.

To view the image accompanying this press release, please visit the following link: http://www.marketwire.com/library/20170515-test32and51_800.jpg

To view the results from Test # 24, please visit this link: http://media3.marketwire.com/docs/Test_24.pdf

To view the results from Test # 51, please visit this link: http://media3.marketwire.com/docs/Test_51.pdf

Shares outstanding: 168,987,616

Bernard J. Tourillon
Chairman and CEO
(514) 907-1011

Patrick Levasseur
President and COO
(514) 262-9239
www.HPQSilicon.com