Archive for the ‘HPQ-Silicon Resources Inc.’ Category
INTERVIEW: $HPQ.ca Discusses Delivery of Gen3 PUREVAP™ QRR Furnace at #PyroGenesis $PYR.ca Plant; Assembly Phase of Pilot Equipment Starting
PyroGenesis $PYR.ca Announces Receipt of Payment of $561,600 from $HPQ.ca Assembly Phase of Pilot Equipment Commences
- Received a milestone payment of $561,600 from HPQ Silicon Resources
- Furthermore, the recent delivery of the Gen3 PUREVAP™ furnace marks the start of the assembly phase of the pilot plant in a dedicated area within the production facility at PyroGenesis
- Plant is expected to be completed and operational by mid-year 2019
MONTREAL, Sept. 13, 2018 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR), a TSX Venture 50® high-tech company (the “Company”, the “Corporation†or “PyroGenesis”), a Company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has received a milestone payment of $561,600 from HPQ Silicon Resources (“HPQâ€). Furthermore, the recent delivery of the Gen3 PUREVAP™ furnace marks the start of the assembly phase of the pilot plant (the “Plantâ€) in a dedicated area within the production facility at PyroGenesis. The Plant is expected to be completed and operational by mid-year 2019.
The Plant will have an output capacity of 50 tonnes per year, or ~1,000 kg of material per week. This step in the program is the single largest scaling up step and, once successful, will pave the way for an order from HPQ for the first commercial production unit, expected in 2020.
“We’re glad to have reached this new milestone for the project,†said Mr. Pierre Carabin, Chief Technology Officer of PyroGenesis. “We are looking forward to the doors it opens and the opportunities it provides.â€
“We are very excited to move to this final stage of the PUREVAP™ Quartz Reduction Reactor testing program. Now that we have closed all necessary financings, we can focus efforts on the process improvements, scalability, seeking customers, and preparing for commercialization,†said Mr. Bernard J. Tourillon, Chairman, President and CEO of HPQ Silicon. “With these financings closed, our objective going forward will be delivering on the Gen3 PUREVAP™ pilot plant phase with our “Solar Silicon Team†as well as building market awareness of our progress, plans and success.â€
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion. HPQ goal is to develop, in collaboration with industry leaders, PyroGenesis TSX: PYR and Apollon Solar, that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)†process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-third (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for mid-2019 start.
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 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. Our 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. Our operations are ISO 9001:2008 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. 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 Corporation’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 Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’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 Corporation 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 OTCQB accepts responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone: (514) 937-0002, E-mail: [email protected]
RELATED LINKS: http://www.pyrogenesis.com/
Delivery of $HPQ.ca Gen3 PUREVAP™ QRR Furnace at PyroGenesis $PYR.ca Plant; Assembly Phase of Pilot Equipment Starting
- PyroGenesis Canada Inc has taken delivery of the Gen3 PUREVAPTM “Quartz Reduction Reactor†(“QRRâ€) furnace, a key component of the pilot equipmen
- Furthermore, HPQ has made another milestone payment of $561,600 to PyroGenesis. Â Since August 2016, HPQ has invested $3,988,400 for the pilot equipment, representing 90% of the $4,430,000 design, fabrication and assembly budget
MONTREAL, Sept. 13, 2018 – HPQ Silicon Resources Inc (“HPQâ€) (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) is pleased to inform shareholders that PyroGenesis Canada Inc (PyroGenesis) (TSX Venture: PYR) has taken delivery of the Gen3 PUREVAPTM “Quartz Reduction Reactor†(“QRRâ€) furnace, a key component of the pilot equipment. Furthermore, HPQ has made another milestone payment of $561,600 to PyroGenesis.  Since August 2016, HPQ has invested $3,988,400 for the pilot equipment, representing 90% of the $4,430,000 design, fabrication and assembly budget. Delivery of the furnace marks the start of the assembly phase of the Pilot Plant in an HPQ – dedicated area at the production facility of PyroGenesis in Montréal.  The Pilot Plant assembly will be completed during Q1 2019, commissioned during Q2 2019 and operational mid – 2019, only 3 years after the original concept was validated.
VALIDATING COMMERCIAL SCALABILITY OF INNOVATION REQUIRES FOCUS AND FLEXIBILITY
The Pilot Plant will have an output capacity of 50 tonnes per year, or ~ 1,000 kg of material per week. Â This step in the program is the single largest scaling up step and, once successful, will pave the way for the order of HPQ first commercial production unit, planned for 2020.
Using the data generated by the Gen2 PUREVAPTM tests and Apollon Solar technical knowhow, HPQ and PyroGenesis will continue to look for ways of optimizing our approach of validating the commercial scalability of the process while mitigating the technical and commercial risks associated with the project.
Bernard J. Tourillon, Chairman, President and CEO of HPQ Silicon stated, “We are very excited to move to this final stage of the PUREVAP™ QRR testing program.  Now that we have closed all necessary financings, we can focus efforts on the process improvements, scalability, seeking customers, and preparing for commercialization. With these financings closed, our objective going forward will be delivering on the Gen3 PUREVAP™ Pilot Plant phase with our “Solar Silicon Team†as well as building market awareness of our progress, plans and success.â€
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’s Between Management and Shareholders.  https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.
HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)†process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.
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, President and CEO Tel (514) 907-1011
Patrick Levasseur, COO Tel: (514) 262-9239
www.HPQSilicon.com
Shares outstanding: 222, 284,053Â
#HPQ Closes $ 5,250,000 Financing $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca
- Announced the closing of the previously announced financings totalling $Â 5,250,000 with participation of the Quebec government
- “Créativité Québec†program, via Investissement Québec (IQ), has subscribed to an unsecured Convertible Debenture for gross proceeds of $1,800,000
- Net proceeds of  $1,713,622 was received by HPQ on August 20, 2018,
MONTREAL, Aug. 21, 2018 – HPQ Silicon Resources Inc (“HPQâ€) (TSX Venture: HPQ) is pleased to announce the closing of the previously announced financings totalling $ 5,250,000 with participation of the Quebec government, via its “Créativité Québec†program, and PyroGenesis Canada Inc. (“PyroGenesisâ€).
Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Closing these financings, at more than a 40% premium to present market price, is a tangible validation that both the Quebec Government and PyroGenesis believe in the innovative potential of our PUREVAPtm QRR process. With these financings earmarked for the completion of our pilot equipment project closed, our objective going forward will be delivering on the Gen3 PUREVAP™ Pilot Plant phase with our “Solar Silicon Team†as well as building market awareness of our progress, plans and success.â€
$5,250,000 FINANCING SALIENT POINTS
The Quebec government, through its “Créativité Québec†program, via Investissement Québec (IQ), has subscribed to an unsecured Convertible Debenture for gross proceeds of $1,800,000. Net proceeds of  $1,713,622 was received by HPQ on August 20, 2018, after deductions of filing studies fees and legal fees emanating from IQ lawyers for the due diligence review.
The 5-year Convertible Debenture matures on August 20, 2023 and bears interest at a rate of 5% per annum. The interest payment can be accrued, at the Company’s option, up to the term of the Debenture. IQ will have the right, at anytime, to convert the Debenture into common shares of HPQ at a price of $0.12 per share. IQ may also, at the date of the conversion of the capital into shares, convert the accrued interest payable in shares of HPQ, subject to the approval of the TSX-Venture and the conversion price for the payment of the accrued interest will be established in accordance with the policies of the TSX-Venture.
HPQ will be allowed to proceed with an early repayment of the Debenture, capital and accrued interest, 36 months after the issuance of the debenture, subject to the payment to IQ by HPQ of a redemption premium equal to a compounded annual return of 20% on the capital of the Debenture.
Concurrent to the issuance of the Debenture, HPQ issued to IQ 15,000,000 Warrants, each Warrant entitling IQ to purchase one common share of the capital stock of HPQ at an exercise price of $ 0.17, for a period of 36 months from the close. The Debenture, the warrants and any stock issuance emanating from the Debenture and or warrant exercise will be subject to a holding period until December 20, 2018.
HPQ has closed the 16,250,000 units (“Unit”) at $0.12 per Unit private placement with PyroGenesis for a gross and net proceeds of $1,950,000. Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle Pyrogenesis to purchase one common share of the capital stock of the Company at an exercise price of $ 0.17 for a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will be subject to a holding period until December 20, 2018.
The TSX venture exchange (TSX-V) has conditionally approved the $ 1,500,000 Equity Line of credit PyroGenesis has granted to HPQ. The equity line of credit can only be used to cover unexpected project cost overruns that could potentially occur after then end of planned test period in 2019 until December 31, 2020.
To be acceptable under the terms of the Equity Line of Credit, Cost Overruns shall be considered as such by both Parties and approved before they are incurred. Upon approval, HPQ must send a written thirty days (30) notice of it’s intent to drawdown the Equity Line of Credit to pay for the Cost Overruns. Once the approved work is completed, PyroGenesis shall remit to HPQ an invoice covering the completed work and HPQ will organize the payment of the invoice by means of issuance of common shares of its capital stock, as prescribed by TSX Venture Exchange policies, for a number of shares totalling the amount of the applicable invoice at an issuance price equal to the share quote on the invoice date, less a ten percent (10%) discount.
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.   https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.
HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)†process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-third (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for an end 2018 start.
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, President and CEO Tel (514) 907-1011
Patrick Levasseur, COO Tel: (514) 262-9239
www.HPQSilicon.com
Shareholders overwhelmingly approved the Beauce #Gold Fields Spinout Plans and all other matters at AGM $HPQ.ca
- Pleased to advise that shareholders have approved all matters set out in the Information Circular that also included the Plan of Arrangement for the spin-out of Beauce Gold Fields into a separately trading company in a general annual and special meeting held last Friday August 10 2018, in Montreal
MONTREAL, Aug. 17, 2018 – HPQ Silicon Resources Inc (“HPQâ€) (TSX Venture:HPQ) is pleased to advise that shareholders have approved all matters set out in the Information Circular that also included the Plan of Arrangement for the spin-out of Beauce Gold Fields into a separately trading company in a general annual and special meeting (AGM) held last Friday August 10 2018, in Montreal.
Patrick Levasseur of HPQ Silicon stated, “This shareholder approval for the spin-out will finally unlock the potential gold value of the Beauce gold property…†Mr. Levasseur further stated, “After more than a century of major historical placer gold mining in the Beauce, Beauce Gold Fields will be the first company dedicated in the exploration for a hard rock gold deposit as a source of the historical gold placersâ€
Over 88,548,320 shares representing 44.62 per cent of the 198,463,807 shares issued and outstanding as at the record date were voted.
Results of the AGM votes
- 99.98% approval of the Plan of Arrangement between the Company and Beauce Gold Fields
- The nominees listed in the attached table were re-elected as directors of the corporation to hold office until the next annual meeting or until there successors are elected or appointed.
| Motions | For | Withheld |
| Bernard Tourillon | 99.59% | 0.41% |
| Patrick Levasseur | 99.61% | 0.39% |
| Noelle Drapeau | 99.62% | 0.38% |
| Robert Robitaille | 99.63% | 0.37% |
| Richard Mimeau | 99.49% | 0.51% |
| Peter Smith | 89.12% | 10.88% |
| Daryl Hodges | 99.54% | 0.46% |
- With 99.85 per cent of the vote in favour, Raymond Chabot Grant Thornton LLP, chartered accountants, was appointed auditor of the corporation for the ensuing year.
Bernard Tourillon, chairman, President and CEO, stated: “We extremely pleased with obtaining 44.62-per-cent shareholder participation, up from 42.97 per cent last year. Such a strong vote of confidence for the board and management team during this transition year bodes very well for the future.”
Other Corporate Issues
In accordance with the agreement between HPQ-Silicon and Agoracom, entered into on July 3, 2014, extended by both parties for additional periods ending July 15, 2018 and July 15, 2019 under the same terms and conditions, HPQ-Silicon board has approved the issuance of 156,684 common shares at a deemed price of 9 cents per share to pay $14,125 for services rendered during the period from January 16, 2018 ending April 15, 2018. Furthermore, HPQ board has also approved the issuance of 176,562 common shares at a deemed price of 8 cents per share to pay $14,125 for services rendered during the period from April 16, 2018 ending July 15, 2018.
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.
HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)†process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-third (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for an end 2018 start.
About Beauce Gold Fields
BGF is a wholly owned subsidiary of HPQ Silicon. It is in the process of “Spinning Out” its gold assets into BGF, a new public junior gold company, subject to approval by TSX-V.
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 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 along with the recent discovery of a fault underneath the historical gold placers, provides possible further exploration discoveries. The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s. (see HPQ SEDAR-filed report)
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
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. https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion
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: 203,050,807
For further information contact:
Bernard J. Tourillon, Chairman President and CEO Tel (514) 907-1011
Patrick Levasseur, COO Tel: (514) 262-9239
www.HPQSilicon.com
INTERVIEW: $HPQ.ca Discusses $ 5.25M Financing + PUREVAP™ Process Update
PyroGenesis $PYR.ca Increases Ownership in $HPQ.ca Silicon Resources Inc. to 9.6%
- Announced today that it has increased its ownership in HPQ Silicon Resources Inc to 9.6% (12.03% fully diluted) by acquiring 16,250,000 units of HPQ in a private placement at a price of 0.12$ per Unit for total investment of  $1,950,000.
MONTREAL, Aug. 13, 2018 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR), a TSX Venture 50® high-tech company, (the “Company”, the “Corporation†or “PyroGenesis”) a Company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce today, that it has increased its ownership in HPQ Silicon Resources Inc (“HPQ”) to 9.6% (12.03% fully diluted) by acquiring 16,250,000 units (the “Unitâ€) of HPQ in a private placement at a price of 0.12$ per Unit for total investment of  $1,950,000. Each Unit consists of one common share (a “Common Share”) of HPQ and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the Company to purchase one Common Share at a price of $0.17 for a period of 36 months pursuant from the issue date.
As previously disclosed, PyroGenesis had been engaged by HPQ to demonstrate, on a laboratory scale, that the PUREVAP™ process can produce high purity silicon metal from quartz in a one step process. Pursuant to a Can$8.3 MM contract signed with HPQ in August 2016, PyroGenesis is now designing, fabricating, assembling, commissioning and testing a PUREVAP™ pilot system to produce silicon metal directly from quartz.
The investment announced today is part of a total financing of $5,250,000 by HPQ. HPQ has announced today that it has secured a total financing package of $5,250,000 which includes a participation of $1,800,000 from the Government of Quebec through the Créativité Québec program under Investissement Quebec. As a result of this successful financing HPQ has fully secured its obligations under the contract with PyroGenesis.
“We wish to congratulate Bernard Tourillon, and the whole HPQ team, for putting together this financing which has in effect secured the financing for the balance of the project with PyroGenesis,†said Mr. P Peter Pascali, CEO and President of PyroGenesis. “The fact that after significant due diligence the Government of Quebec is now a significant player with HPQ speaks volumes for not only the progress we have made so far but the potential going forward. I expect that this is just one of many doors that will now open up for HPQ. We are working with a great team, with a great product, and we would not preclude increasing our ownership in HPQ in the future should the opportunity arise.â€
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a TSX Venture 50® high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. PyroGenesis provides technical 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 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 technical services to the global marketplace. Its operations are ISO 9001 certified, and have been ISO certified since 1997. PyroGenesis is a publicly-traded Canadian corporation 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 Corporation’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 Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’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 Corporation 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.
SOURCE PyroGenesis Canada Inc.
For further information: Rodayna Kafal, VP, Investor Relations and Strategic Business Development, Phone: (514) 937-0002, E-mail: [email protected]
Gen2 PUREVAP Tests Restarting, Early Warrant Exercise Program Results $HPQ.ca $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca
- Completed a scheduled audit of the Gen2 PUREVAP™ equipment for wear and tear following the first 14 tests of our ongoing Commercial Scalability Proof of Concept testing program
- Audit helped identify critical operational parameters for the Gen3 PUREVAP™ pilot equipment and allowed the evaluation of additional design modifications that could be implemented for further tests using the Gen2 PUREVAP™
MONTREAL, July 19, 2018 – HPQ Silicon Resources Inc (“HPQâ€) (TSX Venture:HPQ) is pleased to notify shareholders that PyroGenesis Canada Inc (“PyroGenesisâ€) (TSX Venture: PYR) has completed a scheduled audit of the Gen2 PUREVAP™ equipment for wear and tear following the first 14 tests of our ongoing Commercial Scalability Proof of Concept testing program. The audit helped identify critical operational parameters for the Gen3 PUREVAP™ pilot equipment and allowed the evaluation of additional design modifications that could be implemented for further tests using the Gen2 PUREVAP™.
Gen2 PUREVAP™ TESTING RESTARTING
The Gen2 PUREVAP™ equipment having been refurbished, re-assembled and incorporating the latest design modifications, is now ready to start a new series of at least 8 additional tests focused on:
- Increasing the Yield1 and the Production Yield2 of the Gen2 PUREVAP™ above test #14 results;
- Testing the Purity of the Si produced using ICP-OES3 from both our low purity feed stock (98.84% SiO2) and specifically sourced ultra high purity feed stock (> 99.9% SiO2);
- Finding the optimum operation conditions for the Gen2 PUREVAP™ and gaining information about future Gen3 PUREVAP™ operation.
Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Our Gen2 PUREVAP™ testing program has successfully pushed the project from the lab to a semi-industrial scale. We have leaned a lot and our data driven, empirical and methodical approach is de-risking our project as we move toward demonstrating to industry participants the commercial scalability of our PUREVAP™ QRR process and its unique capacity of converting quartz into Si, while simultaneously increasing its purity toward the purity required for the solar industry. Our objective for 2018 continues to be building on our technical successes as we get ready to commence the Gen3 PUREVAP™ Pilot Equipment phase with our “Solar Silicon Team†of Pyrogenesis and Apollon Solar, as well as, building market awareness of our progress and plans.â€
EARLY WARRANT EXERCISE INCENTIVE RESULTS
On June 13, 2018, HPQ announced its intention to implement a warrant exercise incentive program between June 18, 2018 and July 17, 2018 in order to encourage the early exercise of up to 6,674,600 out of the 12,305,000 of its outstanding unlisted 7 cents warrants. At the close of the period the Corporation is happy to announce that 4,152,000 (62%) of the eligible outstanding unlisted 7 cents warrants were exercised and that the Corporation received $290,640 in gross proceeds. The 2,522,6000 eligible warrants that were not exercised during the early exercise period remain outstanding and continue to be exercisable for shares of the company on their current terms.
As a result of the early exercise program, the company will be issuing 4,152,000 share purchase warrants entitling the holder to purchase one additional share of HPQ for a period of 18 months from the date of issuance at a price of 17 cents, subject to a four-month hold period from the date of issuance. The warrants issued under the incentive program are subject to the receipt of all regulatory approvals, including the final approval of the TSX-V.
HPQ CHAIRMAN AND CEO INCREASED HIS HOLDING IN HPQ SILICON
Bernard Tourillon, HPQ Chairman and CEO used the early warrants exercised to invest $50,050 in HPQ and increase his holding by 715,000 shares and 665,000 share purchase warrants, entitling the purchase one additional share of HPQ for a period of 18 months from the date of issuance at a price of 17 cents in accordance with the incentive warrant exercise program.
Pierre Carabin, Eng., M. Eng., has reviewed and approved the technical content of this press release.
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. https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.
HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)†process (patent pending), which will permit production of the highest efficiency SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for 2018.
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: 202,665,807
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
3 Ways #Blockchain Is Already Delivering Real-world Results $IDK.ca $SX $SX.ca $SXOOF $AAO.ca $HPQ.ca $HIVE.ca $BLOC.ca $CODE.ca
#Blockchain Data Storage Could Soon Be The New Standard $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca $HIVE.ca $BLOC.ca $CODE.ca
- With growing concerns over data privacy and security, users are calling for companies to find better ways of handling sensitive information
- Blockchain data storage has the potential to offer much-improved security solutions compared to traditional databases used today
Why Move to Blockchain Data Storage?
Data breaches have been a pressing issue for many tech companies over the past few decades. With an increasing amount of sensitive data stored on company databases, we have continued to see new hacks affecting a wide range of industries, leaving user data exposed. As a result, hackers have acquired information that has led to widespread identity theft, illegal data sells on the dark web, and other major concerns.
For example, the 2017 Equifax hack exposed tax ID and driver’s license details of 145.5 million people. In 2018, the issue only appears to be getting worse. Dixons Carphone reported that 7 million individuals had been affected by a hack that started in July 2017 but wasn’t discovered until June 2018.
In many cases, consumers not only have to be worried about the possibilities of such hacks but also the fact that companies are often unaware of the issues for months or even years.
While the implementation of GDPR does help make sure that more companies comply with data privacy standards, better security is also a big factor that companies need to research and implement.
GDPR
Potential Concerns for Blockchain
Since data has traditionally been stored on centralized databases, it has become more likely that any given hack will lead to a large amount of data exposure for a large number of users.
Despite the promises of blockchain to provide better security, it’s still important to consider some of the risks of blockchain implementation. Contrary to popular belief, the blockchain is indeed hackable. Sybil attacks, routing attacks, and DDoS attacks all present major security challenges for emerging blockchain projects.
For PoW consensus algorithm projects, 51% attacks executed by miners on blockchain networks have proven to cause big security issues for a number of projects. The Verge, and other projects, for example, have faced regular 51% attacks.
The fact that blockchain technology is still relatively new also means that the teams in charge of securing data have to consider a variety of possible (oftentimes theoretical) security scenarios. They then must design sophisticated solutions to prevent data breaches from occurring. In several cases, projects have had to make reactive changes to their security measures instead of being more proactive in preventing threats.
Scalability Needs Improvement
While security is a major concern, it’s not the only factor for companies and users to think about. Even with the advent of decentralized blockchains, there are still a lot of developments that need to happen.
It may take some time before companies and users can consider large-scale data storage on the blockchain an overall better solution. While security is essential for blockchain data storage adoption, so is usability.
In mid-2018, most of the major blockchains haven’t demonstrated enough scalability yet to meet potential increases in user demand. When thinking about cryptocurrency payments on the blockchain, the amount of data storage needed is actually quite low, considering the large amounts of data needed to save photo and video files.
Projects like Storj and Filecoin are working on making cloud storage of large files not only possible but also practical.
For many companies and users, however, blockchains have an even more immediate potential to store sensitive data that requires less storage. For example, financial and identity-related information stored on the blockchain could soon become practical to implement even with a few small improvements in scalability.
There are a number of scaling technologies like sharding and off-chain protocols being researched and implemented. These can make blockchain data storage more scalable, potentially allowing millions (or even billions) of users to store data securely.
Advantages of Blockchain Data Storage
Even with these concerns, blockchain still has a few advantages over traditional data storage security. As mentioned above, traditional data storage solutions rely heavily upon centralized databases to maintain security. For hackers, the target to attack is much clearer. Once a hack is successfully executed on a centralized database, vast amounts of data can be accessed by hackers.
With blockchains and distributed ledger technologies, however, hacks are much more difficult to execute. In Storj, for example, only a small amount of data can be accessed in a hack since data is encrypted and distributed across a large network of databases.
Blockchain ultimately aims to eliminate the all-too-common news reports of large-scale hacks which affect millions of users as seen in companies of today that rely upon centralized databases.
The Potential of Blockchain Data Storage
A number of blockchain projects are aiming to make data storage more secure. The potential benefits promise to be groundbreaking for end users. Blockchain projects not only have the potential to create the architecture for inherently more secure data storage systems but also to allow individual users to have full authority over which parties are allowed to view data.
In many cases, blockchain projects are using native cryptocurrencies as part of tokenomic models. These allow users to monetize from any third-party data use while also preventing any possibility of identity theft and other issues seen in recent years due to large-scale data breaches.
Final Thoughts
With continued large-scale hacks of traditional databases, consumers are increasingly wary of vulnerable, outdated data storage technologies as well whether or not companies are keeping sensitive data safe.
Yes, blockchain technology still needs some improvements in security and scalability before it can be considered the hands-down, go-to solution for data storage.
It’s still to be determined when exactly blockchain can become the ultimate solution and when user adoption will follow. Still, there are many signs of a momentum shift away from traditional database technologies and towards better data security via decentralized blockchains.
Source: https://coincentral.com/blockchain-data-storage/