Agoracom Blog

VIDEO – HPQ Silicon “In Strongest Financial Position Ever” With ~ $4.4 Million In Additional Equity From Investissement Québec

Posted by AGORACOM-JC at 2:23 PM on Wednesday, June 23rd, 2021

HPQ Silicon Resources $HPQ $HPQFF is a Quebec-based company that is developing a portfolio of high value-added silicon products sought after by battery and electric vehicle manufacturers.  

If that sounds a lot like what other small companies are saying lately, $HPQ differentiates itself as a leader of the pack thanks to the following

Recently, the Company announced a major milestone with this press release HPQ Silicon GEN3 PUREVAP™ Quartz Reduction Reactor Pilot Plant to be Commissioned in Q4 2021

To understand the importance and the implications of this milestone, this excerpt from the press release says it all:

” Demand for higher purity Silicon, materials that the PUREVAP QRR was designed to produce – but one that traditional silicon producers have a difficult time making, is about to enter a massive growth phase, driven by worldwide demand from the silicones, solar, and batteries industries. The Covid-19 pandemic accelerated the closing of old inefficient traditional Silicon plants and combining this with the chronic under investment in new conventional Silicon plants that occurred in the past decade, and the need for more efficient and environmentally friendly processes has created a perfect storm for the industry. HPQ should be a key beneficiary of this new reality.”

Today, thanks to HPQ’s great progress on its silicon mission, the Company announced  “An increase of more than 4.4 million in the Company’s equity through a series of transactions with Investissement Québec (IQ)”  The Government of Quebec has always been a tremendous supporter of home grown projects and according to CEO Bernard Tourillon, this represents a significant vote of confidence in HPQ’s future with Tourillon adding:

“HPQ is now in the strongest financial position it has ever been in”

Watch this great interview with $HPQ CEO Bernard Tourillon to get the full picture on next steps!

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