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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

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  • 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

PyroGenesis Announces Contract for Second Phase Lab Scale Testing Program Totalling CAN$170,000 with HPQ Silicon Resources Inc. $PYR.ca

Posted by AGORACOM-JC at 9:19 AM on Thursday, May 4th, 2017

Image result for pyrogenesis

  • Signed a contract for CAN$170,000 with HPQ Silicon Resources Inc
  • PyroGenesis will provide a second phase of Process Characterization Testing using a newly upgraded version of the lab scale PUREVAP™ Quartz Reduction Reactor
  • Purpose of Testing to build upon the bench scale success made to date and to push the design of the lab scale Reactor to a point that will allow it to operate in a semi-batch mode to produce silicon (Si) samples

MONTREAL, QUEBEC–(May 4, 2017) - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, is pleased to announce today that it has signed a contract for CAN$170,000 with HPQ Silicon Resources Inc. (“HPQ”), wherein PyroGenesis will provide a second phase of Process Characterization Testing (the “Testing”), using a newly upgraded version of the lab scale PUREVAP™ Quartz Reduction Reactor (the “Reactor”).

The purpose of the Testing is to build upon the bench scale success made to date and to push the design of the lab scale Reactor to a point that will allow it to operate in a semi-batch mode to produce silicon (Si) samples. The Testing will use higher purity feedstock (99.5% SiO2.) with a goal of producing at least 5N (99.999% Si) Solar Grade Silicon Metal at lab scale.

This Testing program will take place over the next several months, and will be in conjunction with the delivery of the pilot plant Reactor scheduled for October 2017. The objectives of these metallurgical tests will be, amongst others, to: (i) generate and collect data that can be used for the scale-up of the lab scale Reactor and ultimately, for the commercial scale-up of the PUREVAP™ process; and (ii) to continue testing different purification alternatives.

PyroGenesis will provide HPQ with samples for third party independent purity validation as well as a milestones report and final report summarizing the results and analysis.

“We are eager to start this additional testing phase,” said Pierre Carabin, Chief Technology Officer of PyroGenesis. “This new testing will allow us to validate the design of pilot plant Reactor and to further improve the product purity.”

“The further we proceed in this project, the more confident we are that we have found a plasma-based application that can be applied to quartz in a commercial setting,” said P. Peter Pascali, President and CEO of PyroGenesis. “We are very pleased with the results to date. That is not to say we have succeeded, will succeed, or that there won’t be challenges ahead. To the contrary, we fully expect there will be challenges as in any project; however we are certain that we will meet those challenges as we have with other projects, and find the best possible solution, if any. Once again, we are extremely pleased with the success of the project to date and the results that we have achieved.”

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc. is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Its core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Its operations are ISO 9001:2008 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian company on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace (Ticker Symbol: PYRNF). For more information, please visit www.pyrogenesis.com

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 securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.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, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Markets Group Inc. accepts responsibility for the adequacy or accuracy of this press release.

PyroGenesis Canada Inc.
Rodayna Kafal
VP, Investor Relations and Communications
(514) 937-0002
ir@pyrogenesis.com or rkafal@pyrogenesis.com

HPQ Silicon Announces Closing of Final Tranche of Over-Subscribed Private Placement $HPQ.ca

Posted by AGORACOM-JC at 10:41 AM on Tuesday, March 7th, 2017

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  • Completed the second and final tranche closing of its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 2,488,234 units at $0.17 per Unit for gross proceeds of $423,000

MONTREAL, QUEBEC–(March 7, 2017) - HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that it has completed the second and final tranche closing of its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 2,488,234 units (“Unit”) at $0.17 per Unit for gross proceeds of $423,000. The Net proceeds of the placement will be used for on-going R&D investments related to the development of 200 Ton/Year Solar Grade Silicon Metal PUREVAP™ Quartz Reduction Reactor Pilot equipment, general corporate expenses, legal expenses and placement fees.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: “Demand for participation in HPQ private placements continues to be strong, and it exceeded the over allocation allotment mentioned in our February 3, 2017 press release. Since December 2016, the Corporation as raised close to $3 million. These financings are key as they provide HPQ-Silicon the funds required to continue the development of the Pilot Plant project with Pyrogenesis, and the necessary time required for our discussions with Government based agencies that manage funding programs for which the PUREVAP QRR is eligible.”

OTHER CORPORATE MATTERS Shares have been issued to pay an outstanding debt of $28,250 for services rendered during the period from July 16, 2016 ending Jan 15, 2017.

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 one step High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

Disclaimers:

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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: 164,704,382

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

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

HPQ Silicon Annouces Closing of First Tranche of Over-Subscribed Private Placement $HPQ.ca

Posted by AGORACOM-JC at 4:10 PM on Thursday, February 23rd, 2017

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  • Completed a first tranche closing of its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 9,411,766 units at $0.17 per Unit for gross proceeds of $1,600,000
  • Net proceeds of the placement will be used for on-going R&D investments

MONTREAL, QUEBEC–(Feb. 23, 2017) - HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that it has completed a first tranche closing of its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 9,411,766 units (“Unit”) at $0.17 per Unit for gross proceeds of $1,600,000. The Net proceeds of the placement will be used for on-going R&D investments related to the development of 200 Ton/Year Solar Grade Silicon Metal PUREVAP™ Quartz Reduction Reactor Pilot equipment, general corporate expenses, legal expenses and placement fees.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: “Demand for participation in HPQ private placements continues to be strong, and once again we used the over allocation allotment mentioned in our February 3, 2017 press release to meet demand. These financings are key as they provide HPQ-Silicon the resources to continue the development of the Pilot Plant project with Pyrogenesis, as well as, the necessary time required for our discussions with Government based agencies that are managing funding programs for which the Company PUREVAP QRR is eligible for. ”

In connection with the placement the Company paid cash finder’s fee of $28,305 to Foster & Associates Financial Services Inc (“Foster”) of Toronto, Ontario and $23,100 to Redplug Capital Corp (“Redplug”) of Surrey, British Columbia. Furthermore the Company also issued 166,500 warrants to Foster and issued 136,000 warrants to Redplug. Each warrant, and any share purchased through the exercise of the warrants have the mandatory four (4) month holding period from the date of closing of the placement and gives Foster the right to purchase one (1) common share at 25.0 cents for 24 months and gives Redplug the right to purchase one (1) common share at 23.0 cents for 24 months.

OTHER CORPORATE MATTERS – 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 for an additional year, from July 15, 2016 to July 15, 2017 under the same terms and conditions (previously disclose in HPQ September 16, 2016 press release), HPQ-Silicon Board has approved the issuance of 176,560 common shares at a deemed price of $0.16 per share for the outstanding debt of $28,250 for services rendered during the period from July 16, 2016 ending Jan 15, 2017.

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 one step High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) and becoming a vertically – integrated Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

Disclaimers:

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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.

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

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

AMENDED: HPQ Silicon Receives 43-101 Report on Beauce Gold Property and Prepares For Spin Out And Dividend In Q1 $HPQ.ca

Posted by AGORACOM-JC at 4:59 PM on Friday, January 13th, 2017

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  • Received required 43-101 Tech report for Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company’s gold assets
  • Project holds the largest historical placer gold deposit in eastern North America
  • Spin out and dividend Expected by March 31, 2017

Montreal, Quebec / January 13, 2017 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to update shareholders regarding the status of its gold asset spinoff, as well as, announcing it has received the required 43-101 Technical report for the Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company’s gold assets.

UPDATE – SPIN OUT AND DIVIDEND OF BEAUCE GOLD FIELDS EXPECTED BY MARCH 31, 2017

On March 11, 2016, the company announced its plans to spin out its gold projects and issue a dividend to shareholders. The purpose of the spinout is to segregate the company’s valuable but diverse holdings to unlock even greater value for shareholders.

The Company will transfer all of its gold assets into a newly formed subsidiary called Beauce Gold Fields Inc./Les Champs d’Or de Beauce Inc., then dividend out 80% of the Capital of the subsidiary to its shareholders.

In order for the final transfer of Beauce from HPQ, the following steps have been taken:

1. An independent board of directors of the subsidiary Beauce Gold Fields Inc./Les Champs d’Or de Beauce Inc is in the process of being named. The new Board will be able to approve gold property transactions between Beauce and HPQ.

2. The Company has completed the required Listing Statement and prescribed documentation that will be submitted to the Canadian Securities Exchange (CSE) to be eligible for listing on the Exchange.

3. The completion of a new 43-101 on Beauce for the purposes of designating it the Property Of Merit for the new company.

HPQ-Silicon is aiming to have the spinoff completed and dividend shares of the new subsidiary delivered to shareholders during Q1 2017.

Bernard Tourillon, chairman and chief executive officer of HPQ Silicon stated: “We are very excited that the spin-out is nearing completion. We have seen a resurgence in the values of high quality gold projects and, given the fact the Beauce Gold project holds the largest historical placer gold deposit in eastern North America, we believe an independently traded Beauce Gold Fields will unlock meaningful value for our shareholders. Moreover, a singularly focused HPQ will provide an optimal environment to complete our goal of becoming the lowest cost producer of solar grade silicon metal on the planet.”

Beauce Gold 43-101 Technical Report

As part of the listing application documentation, the preparation and filing of a new 43-101 Qualification Technical report on the Beauce Gold property was required for it to become the Property Of Merit to Beauce Gold Fields.

The Company has received a 43-101 Technical report on the Beauce Gold property by Mr. Benoit Violette, P.Geo. Mr. Violette competed a full overview of the geology and of all historical and current exploration work. He concludes that in addition to the residual-alluvial mining potential for which the property is advanced in the permitting process, the Beauce Gold Project is a property of merit with a significant potential for the discovery of primary gold mineralization related to the source of the alluvial-residual deposits of the Gilbert River drainage. In the past, because of the relative ease of accessibility of the gold in this environment and the inexperience of the successive owners and operators with hard rock mining, this potential has been neglected. Further exploration is recommended to be carried-out by Beauce Gold Field Inc.

About The 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 claims 100% owned by HPQ Silicon, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

Property Highlights

-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 (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3). 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% owned by HPQ Silicon

-Property held four historical gold mining operations

-Property produced the largest gold nuggets in Canadian mining history (St-Onge Nugget 43 oz, McDonald Nugget 45 oz, Kilgour Nugget 51 oz)

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.

For further information contact

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

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 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.

HPQ Silicon Receives 43-101 Report on Beauce Gold Property and Prepares For Spin Out And Dividend In Q1 $HPQ.ca

Posted by AGORACOM-JC at 9:59 AM on Friday, January 13th, 2017

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  • Received the required 43-101 Technical report for the Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company’s gold assets
  • Spin out and dividend of Beauce Gold Fields Expected by March 31, 2017

January 13, 2017 / Montreal, Quebec, Canada HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to update shareholders regarding the status of its gold asset spinoff, as well as, announcing it has received the required 43-101 Technical report for the Beauce Gold property, a prerequisite of the listing documentation for the planned spin-out of the company’s gold assets.

UPDATE – SPIN OUT AND DIVIDEND OF BEAUCE GOLD FIELDS EXPECTED BY MARCH 31, 2017

On March 11, 2016, the company announced its plans to spin out its gold projects and issue a dividend to shareholders. The purpose of the spinout is to segregate the company’s valuable but diverse holdings to unlock even greater value for shareholders.

The Company will transfer all of its gold assets into a newly formed subsidiary called Beauce Gold Fields Inc./Les Champs d’Or de Beauce Inc., then dividend out 80% of the Capital of the subsidiary to its shareholders.

In order for the final transfer of Beauce from HPQ, the following steps have been taken:

1. An independent board of directors of the subsidiary Beauce Gold Fields Inc./Les Champs d’Or de Beauce Inc is in the process of being named. The new Board will be able to approve gold property transactions between Beauce and HPQ.

2. The Company has completed the required Listing Statement and prescribed documentation that will be submitted to the Canadian Securities Exchange (CSE) to be eligible for listing on the Exchange.

3. The completion of a new 43-101 on Beauce for the purposes of designating it the Property Of Merit for the new company.

HPQ-Silicon is aiming to have the spinoff completed and dividend shares of the new subsidiary delivered to shareholders during Q1 2017.

Bernard Tourillon, chairman and chief executive officer of HPQ Silicon stated: “We are very excited that the spin-out is nearing completion. We have seen a resurgence in the values of high quality gold projects and, given the fact the Beauce Gold project holds the largest historical placer gold deposit in eastern North America, we believe an independently traded Beauce Gold Fields will unlock meaningful value for our shareholders. Moreover, a singularly focused HPQ will provide an optimal environment to complete our goal of becoming the lowest cost producer of solar grade silicon metal on the planet.”

Beauce Gold 43-101 Technical Report

As part of the listing application documentation, the preparation and filing of a new 43-101 Qualification Technical report on the Beauce Gold property was required for it to become the Property Of Merit to Beauce Gold Fields.

The Company has received a 43-101 Technical report on the Beauce Gold property by Mr. Benoit Violette, P.Geo. Mr. Violette competed a full overview of the geology and of all historical and current exploration work. He concludes that in addition to the residual-alluvial mining potential for which the property is advanced in the permitting process, the Beauce Gold Project is a property of merit with a significant potential for the discovery of primary gold mineralization related to the source of the alluvial-residual deposits of the Gilbert River drainage. In the past, because of the relative ease of accessibility of the gold in this environment and the inexperience of the successive owners and operators with hard rock mining, this potential has been neglected. Further exploration is recommended to be carried-out by Beauce Gold Field Inc.

About The 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 claims 100% owned by HPQ Silicon, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

Property Highlights

  • -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 (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3)-Significant potential for further exploration discoveries, geology suggest a proximate bedrock source of gold.-176 acres of real estate 100% owned by HPQ Silicon-Property held four historical gold mining operations-Property produced the largest gold nuggets in Canadian mining history (St-Onge Nugget 43 oz, McDonald Nugget 45 oz, Kilgour Nugget 51 oz)

For further information contact

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

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 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.

Solar Panels Now So Cheap – Great news for $HPQ.CA who state they can reduce CAPEX and OPEX for solar grade silicon

Posted by AGORACOM-JC at 9:58 AM on Tuesday, January 3rd, 2017
  • Spot prices fell to a record-low of 36 cents a watt this week
  • ‘A challenge for anyone to make money at that price’

 

Solar manufacturers led by China’s Trina Solar Ltd. are probably selling at a loss after prices fell to a record low this week.

The global spot market price for solar panels fell 2.4 percent to an average of 36 cents a watt on Dec. 28, according to PVinsights.

That’s the bottom end of the cost range for most producers in the third quarter, according to Jeffrey Osborne, an analyst at Cowen & Co. Suppliers are expandingcapacity this year while demand is expected to slow in 2017, helping to push prices down.

“Certainly it would be a challenge for anyone to make money at that price,” Osborne said in an e-mail. “The blended cost for most last quarter was about 36 cents to 38 cents.”

The current price is also lower than cost estimates from Trina. The biggest supplier of 2015 expected to reduce costs to about 40 cents a watt by the end of the year, from 45 cents in the second quarter, Chief Financial Officer Merry Xu said in an August conference call. The Changzhou, China-based company’s shareholders on Dec. 16 agreed to a $1.1 billion deal to take the company private. A spokesman declined to comment Friday.

Some companies’ cost structures remain competitive, even with prices this low.

Canadian Solar Inc., the second-biggest supplier, reported costs of 37 cents in the third quarter, down from 39 cents in the second quarter. The company has said its costs are among the lowest in the industry, and it expects to reach 29 cents a watt by the fourth quarter of 2017. Many of its competitors expect costs in the low 30s by then, Osborne said.

Source: https://www.bloomberg.com/news/articles/2016-12-30/solar-panels-now-so-cheap-manufacturers-probably-selling-at-loss

HPQ Silicon Designates Roncevaux Quartz Deposit As Property Of Merit In Preparation For Gold Spin Out. Announces Equity Financing $HPQ.ca

Posted by AGORACOM-JC at 9:36 AM on Tuesday, December 13th, 2016

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  • Geology surveys identified an estimated 250 metre extension to the main quartz vein deposit
  • Significantly increases its’ potential to supply raw material to HPQ’s planned high purity silicon processing facility once completed

December 13, 2016 / Montreal, Quebec, Canada HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to inform shareholders that geophysics and geology surveys carried out in the fall of 2016 on the company’s Roncevaux quartz deposit, located in the Gaspe region of Quebec, have been interpreted as having identified an estimated 250 metre extension to the main quartz vein deposit. This significantly increases its’ potential to supply raw material to HPQ’s planned high purity silicon processing facility once completed.

Results from geophysical surveys completed by the INRS are included in a new 43-101 Technical report prepare on the property by Mr. Benoit Violette, P.Geo.

PURPOSE OF NEW RONCEVAUX QUARTZ DEPOSIT 43-101

On March 11, 2016, the company announced its plans to spin out its gold projects and issue a dividend to shareholders. The purpose of the spinout is to segregate the company’s valuable but diverse holdings to unlock even greater value for shareholders.

The preparation and filing of this new 43-101 report are required steps as a result of the Company’s plan to transfer all of its gold assets into a newly formed subsidiary called Beauce Gold Fields Inc, then dividend out 80% of the Capital of the subsidiary to its shareholders.

Before transferring any of its gold assets to the new subsidiary, the Corporation needed to designate the Roncevaux Property as its Property of Merit and file a NI-43-101 Qualification report as required by TSX-Venture HPQ listing requirements.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: “As we approach the end of 2016, the entire HPQ team is very happy to have delivered yet another major milestone to shareholders. Not only have we completed the steps necessary to designate Roncevaux as the Company’s new Property of Merit, an absolute requirement of our plan to spin out Beauce, we also managed to increase its potential size. As a result, we are now in a position to shortly deliver on our promise of unlocking great value of our gold and high purity silicon operations for shareholders.

Roncevaux 43-101 Technical Report

The Company has received a 43-101 Technical report on the Roncevaux by Mr. Benoit Violette, P.Geo. Mr. Violette competed a full overview the geology and of all historical and current exploration work. His on site inspection revealed fresh road cuts by Invenergy to access a newly built electrical wind turbine farm project, which exposed a quartz structure another 125 metres NE extension along strike to the main quartz vein deposit.

The Report recommends continuing the evaluation of the potential of the Roncevaux quartz vein to develop it into a significant ore body that could provide high purity quartz feed to the company’s silicon metal processing plant for many years to come. In order to assess this potential, it is recommended two phases of diamond drilling to test the down dip and lateral continuity and quality of the quartz vein system in the vicinity where the vein system has been exposed. Extend prospecting trenches and its lateral extension towards the NE and SW.

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.

RESULTS FROM GEOPHYSICAL SURVEYS

Field observations from the company’s recent 43-101 Roncevaux Technical Report, as well as, results from geophysical surveys completed by the INRS, identified extensions along strike for at least 125 meters to the SW and NE beyond the limits of the trenches of the exposed quartz vein outcrop for a total length of 590 meters. Confirming these extensions will form a portion of the diamond drilling planned for 2017, using funds from the recently closed flow through private placement (see press release of October 31, 2016).

This suggests potential to expand upon the historical estimated potential of 400,000 tonnes that was calculated using 360 metres surface length of the Quartz vein outcrop average width (between 3 m and 12m) and assuming a continuation up to 50 M of depth grading at 99.20% SiO2. (GM60610: Barrette, Jean-Paul. 2003. Rapport des travaux d’exploration miniere sur la veine de quartz pur. Projet Silice Roncevaux, Canton Roncevaux, Gaspesie). All information such as resource estimates and grades herewith presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

MULTIPLE GEOPHYSICS SURVEYS

A team supervised by Dr. Marc Richer-LaFleche, Ph.D. (Geo) of the Institut National de la Recherche et des Sciences (INRS, Eau Terre Environnement) completed a series of geophysics analysis to characterize the Roncevaux quartz vein deposit. The work identified the presence of a massive quartz vein as well as an anomaly suggesting a 125 metre on strike SW extension. The surveys carried out on the property were optimized to detect the presence of resistive units caused by the presence of massive quartz veins encased in more conductive sedimentary rocks. In addition to the exploration of the quartz on the property, the surveys were intended to improve the understanding of the geology of the property.

Geophysics Work included:

Creating a survey grid network at 50 metre intervals, to complete the following geophysics surveys:

  • -Electromagnetic induction surveys in the frequency domain (Promis-10 and GEM2 surveys)-GSM-19 magnetometric survey carried out in stationary acquisition mode.-Total magnetic field and magnetic gradient data were measured over the entire geophysical survey perimeter.-Three sections of 400m in geo-electric tomographic acquisition mode (Terrameter LS)

New Private Placement

HPQ-Silicon also announces that it is proceeding with a new non-brokered private placement of up to 5,000,000 units (“Unit”) at $0.14 per Unit for gross proceeds of up to $700,000. Insider participation in this placement could account for up to 10% of the total amount subscribed

Net proceeds of the placement will be used for the placement fees; legal expenses; ongoing business development costs related to the development of HPQ – 200 TPY R&D Solar Grade Silicon Metal PUREVAP(TM) Quartz Reduction Reactor Pilot Plant and general corporate expenses. If demand warrants, the size of the placement may be increased by another 2,000,000 units.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: “This funding will provide HPQ-Silicon the resources and flexibility to continue the development of the Pilot Plant project with PyroGenesis while simultaneously continuing ongoing discussion with Government based agencies that are demonstrating an interest in the PUREVAP QRR potential.”

The Corporation is agreeable to pay Finder’s Fees, subject to The TSX policies, to introducing agents that participate in the private placement.

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 (99.9999% 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 Solar Grade Silicon producer that can generate high yield returns and significant free cash flow within a relatively short time line.

Disclaimers:

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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 CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.HPQSilicon.com