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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

HPQ PureVap QRR Successfully Produces 99.99+% (4N+) Silicon Metal Using 98.14% SiO2 Feed, R&D Testing Ongoing To Reach Higher Purity Levels $HPQ.ca

Posted by AGORACOM-JC at 7:55 AM on Tuesday, November 29th, 2016

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  • Results from test 19 confirm production of 4N+ purity Silicon Metal (99.99+% Si)
  • High Purity Silicon Metal test results recently produced using the first generation setup of the lab-scale PUREVAPâ„¢ QRR, combined with the addition of a purifying agent

MONTREAL, QUEBEC–(Marketwired – Nov. 29, 2016) – HPQ Silicon Resources Inc. (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that PyroGenesis Canada Inc (“PyroGenesis”) has just submitted a new stage report(1) pertaining to High Purity Silicon Metal test results recently produced using the first generation setup of the lab-scale PUREVAPâ„¢ QRR,combined with the addition of a purifying agent.

ANALYSIS CONFIRMS PRODUCTION OF 4N+ SILICON METAL (99.99+% Si)

Multiple analyses of the material produced during test 19 were completed at the « Centre de Caractérisation Microscopique des Matériaux » (CM2), located at the École Polytechnique de Montréal using a Scanning Electron Microscope (SEM) associated with a Wavelength-Dispersive Spectroscopy (WDS).

The results from test 19 confirm production of 4N+ purity Silicon Metal (99.99+% Si). At this stage, the final purity level of the material in less than 100-ppm range (parts per million) has not been determined. Since this test was the last prior to the upgrades of the lab-scale PUREVAP™ QRR, these positive results will be incorporated into the plans for all-future testing in which samples will be routinely analyzed to much lower detection limits. R&D lab testing is still ongoing and the project is on schedule for completion in January 2017.

“We have officially reached the 4N Milestone, and the technical team now can focus on the improvements to follow up the achievement of the 4N+ high grade silicon core. The PUREVAPâ„¢ QRR results once again exceeded our expectations at this early stage of development testing. The presence of a high grade core of material and the evidence of zonation in which impurities are forced to the outside is exactly what we were working toward, and this result has come earlier than expected. In addition, production of 99.99+% Si using 98.14% SiO2 feed speaks volumes about the economic opportunities that the PUREVAPâ„¢ QRR represents for HPQ-Silicon and its numerous high grade quartz deposits, in our objective of becoming vertically integrated” said Bernard Tourillon, Chairman and CEO of HPQ-Silicon. “Furthermore, testing and process improvements are being made on a continual basis, as our goal of making Solar Grade Silicon gets closer to becoming a reality.”

ANALYTICAL RESULTS INDICATE ZONATION PRODUCTION OF A HIGH GRADE SILICON CORE

More importantly, the analytical data points to directional crystallization of a core of higher purity silicon metal, as well as, zonation of the impurities as observed in other purification processes. This apparent zonation indicates that the PUREVAP™ process has now achieved a physical segregation of residual impurities at lab-scale stage. The groundbreaking importance of this is the initial production of a higher purity core section of the silicon material, which is where the targeted 6N silicon would be expected to accumulate in the future. This core of high purity silicon material would then be extracted and sold as solar grade silicon. The less pure portions, where the impurities have migrated, would then be separated and sold as high value Silicon Metal by-products.

FURTHER CHARACTERIZATION OF IMPURITIES TO FOLLOW

The WDS analytical method provides quantitative analyses of precise spots with a detection threshold of approximately 0.01%, or 100 ppm (weight basis). The results confirm impurity levels to as low the detection limit of 0.01% (< 100 ppm) for almost all the major impurities. This positive result means that going forward material produced from ongoing test work, which will focus on improvements to the purification process and adaptation to the Pilot Plant development, will now be sent for detailed analysis and characterization of the impurities, in less than 100 parts per million (ppm) range, to fully evaluate the effectiveness of the PUREVAP™ QRR.

“We are extremely pleased with the progress to date,” said Pierre Carabin, CTO of PyroGenesis. “We have now reached the detection limits of two analysis methods and confirmed the ability of the process produce silicon metal of at least 99.99+% purity. This confirms that we are truly on to something unique.”

TEST KEY PARAMETERS

The feedstock for experiment #19 was 300 g of a mixture 2.5:1 weight basis of 2-4 mm Quartz lot #A16- 09153 from Ronceveaux and activated carbon #5566 provided by Asbury Carbon. The overall purity of the Quartz is evaluated at 98.14 %.

Table 1 – Impurity levels for the Quartz, the Carbon and the resulting Mixture

Material Quartz Carbon Mixture
#ID A16-09153 5566 2.5:1 m/m
Units (ppm ) (ppm ) (ppm )
Al 265 337 285
Ca 71 2848 865
Fe 6,295 39 4,508
Mg 0 131 37
Mn 70 2 50
Na 148 184 158
K 0 229 66
Ti 12 2 9
P 0 215 61
S 0 204 58
W 0 0 0
B 5 3 4

The Quartz and the Carbon were both analyzed using a combination of ICP-AES and ICP-MS by third-party laboratories. The impurity concentrations of the mixtures are a weighted average of the ones of the reagents in respect to their mass ratio (2.5:1). It can be noted that the impurity levels in the resulting mixture are relatively high, especially in iron, which is a difficult element to vaporize.

RESULTS

As shown in Table 2 below, 4 of the 5 different locations analyzed on the sample were of a purity of 4N+ (99.99+ %) with a mean purity of 99.99 %. The main contaminants were Aluminum (Al) and Phosphorus (P) with 0.008 % and 0.002 % respectively in average. Interestingly, the concentrations were below the detection limits for all the other contaminants for all locations.

Table 2- Elementary concentration in % of the sample at 5 locations

Elements Location 1 Location 2 Location 3 Location 4 Location 5 Average
(%) (%) (%) (%) (%) (%)
Si 99.99 100.00 99.99 99.99 99.98 99.99
Al 0.01 <0.01 <0.01 0.01 0.02 0.008
P <0.01 <0.01 0.01 <0.01 <0.01 0.002
W <0.01 <0.01 <0.01 <0.01 <0.01 0.000
Fe <0.01 <0.01 <0.01 <0.01 <0.01 0.000
Mn <0.01 <0.01 <0.01 <0.01 <0.01 0.000
Ti <0.01 <0.01 <0.01 <0.01 <0.01 0.000
Ca <0.01 <0.01 <0.01 <0.01 <0.01 0.000
K <0.01 <0.01 <0.01 <0.01 <0.01 0.000
S <0.01 <0.01 <0.01 <0.01 <0.01 0.000
Mg <0.01 <0.01 <0.01 <0.01 <0.01 0.000
Na <0.01 <0.01 <0.01 <0.01 <0.01 0.000
C <0.01 <0.01 <0.01 <0.01 <0.01 0.000
B <0.01 <0.01 <0.01 <0.01 <0.01 0.000

“These results are significant as the prevailing proposition suggests that the quartz purity level required to make high purity silicon metal is over 99.5%(2)” said P. Peter Pascali, President and CEO of PyroGenesis. “The PUREVAPâ„¢ has proven that to no longer be the case. We have demonstrated that the process can produce high purity silicon metal from significantly lower purity quartz as feedstock. The implications of this are enormous when considering the potential commercial applications of the process. Conceivably, we can now take a cheap and abundant low purity quartz feedstock and transform it into a high value end product.”

FURTHER INFORMATION ON THE TEST

During phase 1 – Proof of concept test, the produced silicon was only collected at the surface of the graphite electrode. Now, not only is silicon produced at the surface of the electrode, but is also accumulated at the bottom of the crucible.

Figure 1 - http://www.marketwire.com/library/20161128-800Photo1078160.jpg

The R&D lab testing is still ongoing and the project is on schedule for a January 2017 completion. By the end of the Process Characterization phase, PyroGenesis expects to have conducted between 40 and 50 laboratory scale experiments. The data collected during the Process Characterization phase will be used for the Pilot Scale design, which is also currently underway.

Testing Methodology:

Scanning electron microscopy (SEM), Energy Dispersive X-ray Spectroscopy (EDS), and Wavelength-Dispersive X-Ray Spectroscopy (WDS) analysis were completed at the Centre de Caractérisation Microscopique des Matériaux (CM2), located at the École Polytechnique de Montréal.

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 (99.9999% 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 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.

(1) PyroGenesis Technical Memo: TM-2016-765, Rev. 00, “Mass balance on impurities for test 19”
(2) Please refer to HPQ -Silicon Resources Inc and Pyrogenesis Canada Inc November 2, 2016 press releases

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

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

HPQ Achieves Major Milestone With PureVap QRR By Using Significantly Sub-Standard Feed Material To Produce High Purity Silicon Metal (99.9%+) $HPQ.ca

Posted by AGORACOM-JC at 8:13 AM on Wednesday, November 2nd, 2016

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  • Capable of using SiO2 feed material that does not even meet the minimal industry specification to make Ferrosilicon2 and produce Silicon Metal (Si) of greater purity than what can be achieved by traditional processes used to make Metallurgical Grade Silicon Metal (98.5% to 99.5% Si)3 today
  • Being capable of using low purity feedstock and achieving these results represents another major milestone reached on our road to transform HPQ Silicon Quartz (SiO2) into high Purity Silicon Metal (Si),” said P. Peter Pascali, President and CEO of PyroGenesis,

MONTREAL, QUEBEC–(Nov. 2, 2016) – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that it has received from PyroGenesis Canada Inc (“PyroGenesis”) a stage report1 pertaining to Silicon Metal recently produced by the PUREVAPâ„¢ QRR.

The analysis demonstrates that the PUREVAPâ„¢ QRR is capable of using SiO2 feed material that does not even meet the minimal industry specification to make Ferrosilicon2 and produce Silicon Metal (Si) of greater purity than what can be achieved by traditional processes used to make Metallurgical Grade Silicon Metal (98.5% to 99.5% Si)3 today.

“To say that we are excited with reaching this major milestone so early in the testing process is an understatement. We have always believed that we would eventually attain this critical goal, but reaching it now, using the first generation setup of the lab-scale PUREVAPâ„¢ QRR has again exceeded our expectations. This further validates our belief that a one step direct transformation of Quartz into High Purity Silicon Metal will be a disruptive process that could eventually impact the entire Silicon Metal industry,” said Bernard Tourillon, Chairman and CEO of HPQ Silicon.

Being capable of using low purity feedstock and achieving these results represents another major milestone reached on our road to transform HPQ Silicon Quartz (SiO2) into high Purity Silicon Metal (Si),” said P. Peter Pascali, President and CEO of PyroGenesis, “and each one of the milestones reached increases the probability that the PUREVAPâ„¢ QRR One Step process will eventually become the Gold Standard process for the production of High Purity Silicon Metal.”

TEST KEY PARAMETERS

PyroGenesis’ process characterization program4 was started to fulfill the following key objectives: 1) studying the PUREVAPâ„¢ process thoroughly; 2) collect data for the design of the pilot scale unit; and 3) implement the pathway to higher purity, up to Solar Grade Silicon Metal “SGSi”.

Since it is typically easier to measure and discriminate differences in impurity levels at high concentration than at trace levels, it was decided that the best technical procedure was to use sub-standard grade quartz2 with relatively high levels of impurities to conduct the first portion of the process characterization tests.

1 PyroGenesis Technical Memo: “TM-2016-762, – PureVap Process Characterization -Update on the SEM-EDS-WDS analyses conducted at the CM2”.
2 http://www.sidex.ca/wp-content/uploads/2015/02/Exploring-for-Silica-in-Quebec.pdf
3 http://pyrometallurgy.co.za/Pyro2011/Papers/083-Xakalashe.pdf
4 HPQ Silicon PR Dated September 1, 2016

As a result, during this phase of testing, lower purity quartz was used as feedstock compared to the approximately 99.99 SiO25 material used during phase 1 test, in order to obtain better resolution on impurity removal happening in the PUREVAPâ„¢ QRR process.

Table 1- General specifications for different uses of silica and Quartz data from Lot #a16-07056

Min. SiO2 Max. Al2O3 Max. Fe2O3 Max. TiO2
(wt%) (wt%) (wt%) (wt%)
Silicon:
– Metal 99.5 0.2 0.1 0.006
– Chemical 99.8 0.1 0.05 0.005
Ferrosilicon 98.7 0.6 0.3 0.05
http://www.sidex.ca/wp-content/uploads/2015/02/Exploring-for-Silica-in-Quebec.pdf
Quartz lot #A16-07056 SiO2 Al2O3 Fe2O3 TiO2
Martinville 97.57 0.51 0.34 0.018
Actlabs, located in Ancaster, Ontario, ICP-AES analysis

The feedstock for the experiment was a 5:1 (weight basis) mixture of Quartz lot #A16-07056 from Martinville and activated carbon #5566 provided by Asbury Carbon. Impurity levels in the resulting mixture were relatively high, with Al, Ca and Fe around 2,000 ppm, especially considering that Fe is an element that is hard to remove.

Table 2 – Impurity levels for the Quartz, the Carbon and the resulting Mixture

Material Quartz Carbon Mixture
#ID A16-07056 5566 5:1 m/m
Units (ppm) (ppm) (ppm)
Al 2699 337 2305
Ca 1858 2848 2023
Fe 2378 39 1988
Mg 965 131 826
Mn 124 2 104
Na 297 184 278
K 249 229 246
Ti 108 2 90
P 44 215 72
S 100 204 117
W 1 0 1
B 4 3 4
5 March 3, 2016 Press Release

The Quartz and the Carbon were both analyzed using a combination of ICP-AES and ICP-MS by third-party laboratories. The impurity concentrations of the mixtures are obtained using a weighted average of the ones of the reagents in respect to their mass ratio (5:1).

RESULTS

Given this approach, the silicon metal produced in the second phase of testing was not expected the reach the 98.5% Si standard purity level for Metallurgical Grade Silicon Metal (MG Si), as it is generally accepted that when making Silicon Metal using traditional process, feedstock purity is crucial as it has a direct effect on the final product purity.

However, this is definitely not the case with the PUREVAPâ„¢ QRR process, as overall impurity removal efficiency of 92 % on average was reached and Si with a mean purity of 99.936 %6 was produced.

As shown in Table 3 the comparison in impurity contents between the feedstock mixture and the silicon metal product were tabulated. Really notable are the results for Fe and Ti, which are impurities that are challenging to eliminate using traditional methods.

Table 3 – Comparison of the impurity levels in the feedstock versus in the Silicon product

Material Feedstock Silicon Diff
Mixture product
Units (ppm) (ppm) (%)
Al 2305 70 -97 %
Ca 2023 10 -100 %
Fe 1988 210 -89 %
Mg 826 30 -96 %
Mn 104 70 -32 %
Na 278 0 -100 %
K 246 50 -80 %
Ti 90 30 -67 %
P 72 40 -45 %
S 117 10 -91 %
W 1 120 14300 %
B 4 0 -100 %
Total 8054 640 92 %

All the impurities were massively removed except for tungsten. Also it is noteworthy that the contents of Boron (B), and Phosphorus (P) were greatly reduced in this round of testing. As previously reported, these are important elements that negatively impact on silicon metal.

6 Analyzed using Wavelength-Dispersive Spectroscopy (WDS), which can provide quantitative analyses of precise spots with a detection threshold of approximately 10 ppm (weight basis). Detection limit of the process implies that 0 reading is fact a < 10 ppm

“We are extremely pleased with the progress to date,” said Pierre Carabin, CTO of PyroGenesis. “Particularly, when one considers today’s results in light of our press release dated September 29, 2016, wherein we announced, amongst other things, that the PUREVAPâ„¢ process can remove one of the toughest impurities on the road to solar grade silicon, namely boron, from the final material produced. It seems that we are truly on to something unique.”

As shown in Table 4, from the 5 different locations analyzed on the sample, all of them were of a purity of 3N+ (99.9+ %) with a mean purity of 99.936 %4. The main contaminants were iron (Fe) and tungsten (W) with 0.021 % and 0.012 % respectively in average.

Interestingly, the concentrations were below the detection limits for 2 locations out of 5 for iron and 3 out 5 for the tungsten. It has been observed that Tungsten was measured in relatively high concentration in two locations out of five. It is too early to say if this is due to concentration during the process or if it is due to a contamination. These two avenues will be further investigated shortly.

Table 4- Elementary concentration in % of the sample at 5 locations4

Location 1 Location 2 Location 3 Location 4 Location 5 Average
Elements
(%) (%) (%) (%) (%) (%)
W 0.039 0.000 0.022 0.000 0.000 0.012
Fe 0.000 0.020 0.000 0.044 0.043 0.021
Mn 0.000 0.009 0.010 0.014 0.000 0.007
Ti 0.003 0.000 0.000 0.004 0.007 0.003
Ca 0.000 0.002 0.001 0.002 0.000 0.001
K 0.005 0.004 0.006 0.003 0.009 0.005
S 0.004 0.000 0.000 0.000 0.000 0.001
P 0.001 0.000 0.004 0.011 0.002 0.004
Si 99.931 99.955 99.953 99.906 99.936 99.936
Al 0.013 0.006 0.004 0.010 0.002 0.007
Mg 0.004 0.004 0.000 0.005 0.001 0.003
Na 0.000 0.000 0.000 0.000 0.000 0.000
C 0.000 0.000 0.000 0.000 0.000 0.000
B 0.000 0.000 0.000 0.000 0.000 0.000

FURTHER INFORMATION ON THE TEST

During phase 1 – Proof of concept test, the produced silicon was only collected at the surface of the graphite electrode. Now, during phase 2, not only is silicon produced at the surface of the electrode, but is also produced in bulk at the bottom of the crucible. The current analyses were conducted on the bulk produced at the bottom of the crucible.

The lab testing is still ongoing and the project is still on schedule for a mid-January 2017 completion. By the end of the Process Characterization phase, PyroGenesis expect to have conducted between 40 and 50 laboratory scale experiments. The data collected during the

Process Characterization phase will be used for the Pilot Scale design, which is also currently underway.

Testing Methodology:

Scanning electron microscopy (SEM), Energy Dispersive X-ray Spectroscopy (EDS), and Wavelength-Dispersive X-Ray Spectroscopy (WDS) analysis were completed at the Centre de Caractérisation Microscopique des Matériaux (CM2), located at the École Polytechnique de Montréal.

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 (99.9999% Si) producer.

Our business model is focused on developing a disruptive High Purity and Solar Grade Silicon Metal manufacturing process (patent pending) that can generate high yield returns and significant free cash flow within a 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.

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

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

HPQ-Silicon Announces Closing of a $1,250,000 FT Private Placement $HPQ.ca

Posted by AGORACOM-JC at 4:04 PM on Monday, October 31st, 2016

Hpq_large

  • Closed a non-brokered flow through private placement
  • Placement of Flow Through Units completed consists in the issuance and sale of an aggregate amount of 5,681,818 FT Unit at $0.22 per Unit for gross proceeds of $1,249,999.96

Montreal, Quebec, Canada / October 31, 2016 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to inform its shareholders that it has closed a non-brokered flow through private placement.

Private Placement

The placement of Flow Through Units (“FT Unit”) completed consists in the issuance and sale of an aggregate amount of 5,681,818 FT Unit at $0.22 per Unit for gross proceeds of $1,249,999.96.

Each FT Unit are comprised of one (1) common share and a half (1/2) common share purchase warrant (“Warrant”) of the Company. Each Warrant entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.30 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.

In Connection with the above placements, the Company paid a cash finder’s fee of $87,500 to Secutor Capital Management Corporation of Toronto, Ontario.

“We are very encourage by the fact that we are now being offered these size financing at a substantial premium (37.5% from last Friday closed of $0.16),” said Bernard Tourillon, Chairman and CEO of HPQ-Silicon. “Of further interest is the fact that the original offer received was for a $2,500,000 financing and that amount closed was lower to $1,250,000 at the sole request of HPQ Silicon”.

The Funds raised will be used to finance our exploration budget on our Roncevaux property by the end of December 2017. In this regard we will be filing soon a new NI 43-101 compliant technical report on the Roncevaux properties regarding our work plan for the delineation of a Quartz resource on the property.

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) that can generate high yield returns and significant free cash flow within a short time line.

High Purity Quartz Properties

HPQ Silicon is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

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

INTERVIEW: Analysis Confirms High Purity Silicon of 99.97%, Partner States 99.991% (4N+) Strongly Expected! $HPQ.ca

Posted by AGORACOM-JC at 4:06 PM on Tuesday, October 4th, 2016

  • largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims
  • Despite the abundance of quartz, very few deposits are suitable for high purity applications
  • High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast.
  • Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that material is highly suited for their silicon metal production
  • HPQ Tested One-Step Conversion Of Quartz to Silicon
  • Analysis Confirms High Purity Silicon of 99.97%
  • Partner States 99.991% (4N+) Strongly Expected!

Hub On AGORACOM / Corporate Profile / Watch Interview

HPQ: Analysis Confirms Purity as High as 99.97%, Process Demonstrates Significant Capacity to Remove Impurities Including Boron, Pathways to Higher Purity Being Implemented in New Testing Program $HPQ.ca

Posted by AGORACOM-JC at 7:43 AM on Thursday, September 29th, 2016

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Bernard Tourillon, Chairman and CEO of HPQ-Silicon stated,

  • Thrilled with the final results from our Phase 1 testing program 
  • Officially achieved almost 4N material purity
  • Now have the data necessary to implement the pathway to higher purity levels, right up to Solar Grade Silicon Metal.
  • Especially pleased with the fact the PUREVAPtm Quartz Reduction Reactor exceeded our expectations by producing 99.97% purity material on the first attempt,
  • Significant removal of impurities including Boron.

MONTREAL, QUEBEC–(Sept. 29, 2016) –

Note to Editors: there are photos associated with this press release

HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that it has received from PyroGenesis Canada Inc (“PyroGenesis”) a report summarizing the results from the 15 tests that made up the “Phase 1 – Proof of Concept Metallurgical Tests Program”, completed between March 29th, 2016 and July 22th 2016. The results demonstrate the PUREVAPâ„¢ QRR concept of combining different known steps into a one step process has now been validated by the results from the Phase 1 proof of concept metallurgical testing program. The report includes data and analysis from all tests completed by:

  • PyroGenesis Canada Inc., the world leader in the design, development, manufacture and commercialization of advanced plasma processes;
  • INRS – ETE, (Institut National de la Recherche Scientifique, Eau Terre Environnement) Quartz, Carbon and Silicon Purity tests completed during the year;
  • Evans Analytical Group, (“EAG” of Liverpool, NY, USA) – Glow Discharge Mass Spectrometry (“GDMS”) and;
  • Centre de Caractérisation Microscopique des Matériaux (CM2), located at the École Polytechnique de Montréal – Scanning Electron Microscope with X-ray microanalysis (SEM-EDS).

Bernard Tourillon, Chairman and CEO of HPQ-Silicon stated, “To say that we are thrilled with the final results from our Phase 1 testing program is an understatement. We have officially achieved almost 4N material purity and, more importantly, now have the data necessary to implement the pathway to higher purity levels, right up to Solar Grade Silicon Metal. We are especially pleased with the fact the PUREVAPtm Quartz Reduction Reactor exceeded our expectations by producing 99.97% purity material on the first attempt, as well as impressing us with its’ significant removal of impurities including Boron. This latter point is of great importance to the industry and demonstrates the capability of the PUREVAP process.

GENERAL SUMMARY OF RESULTS AND MAJOR MILESTONES

PyroGenesis’ Testing Program confirmed that the PUREVAPtm Quartz Reduction Reactor (“QRR”) is working as expected. Key milestones are being reached and the pathway to higher purity, up to Solar Grade Silicon Metal “SGSi”, have been identified and are being implemented in the newly started Phase 2 test program (PR Dated September 1, 2016).

The key major milestones and results are as follows:

  1. Analysis of silicon material created by the Purevapâ„¢ Process, by third party independent laboratories, confirm that the process:
    1. Is capable of producing high purity Silicon Metal, (99.9+% Si) as shown by Scanning Electron Microscope (SEM) work done by the INRS1 and at CM22;
    2. Is capable of producing high purity material as shown by GDMS analyses completed by EAG, with results of up to 99.97% (3N+) purity achieved (Table 3 for complete results);
    3. Is capable of removing key impurities from the final product, notably Boron (B), the most difficult impurity to remove when making Solar Grade Silicon Metal. This is an important outcome, as the presence of Boron in SGSi negatively affects the conversion efficiency of solar grade cells;
    4. Can attain even higher purity levels in the current second phase of testing as planned process adjustments are tested and process improvements are implemented following receipt of the GDMS analysis result.
  2. Achieving the significant removal of impurities is a major milestone as it validates the Company’s claim that PUREVAPtm QRR can transform our Quartz (SiO2) into Silicon Metal (Si), while removing impurities in a single step;
  3. Progressive test work during the PUREVAPtm QRR Phase 1 program advanced the process from producing sporadic and thin layers of Silicon Metal (from either the tip of the electrode or the bottom of the crucible), to producing meaningful sizes of Pure Silicon Metal Nuggets, shown in Image 1, below. This is a major milestone for the following reasons:
    1. Analysis of nuggets is simpler and quicker, reducing turnaround times for the current, Phase 2 series of tests, thereby improving the information feedback loop needed by PyroGenesis and improving the chances of success;
    2. It will allow for the preparation of samples in sufficient quantity to be sent to potential end buyers.

To view Image 1, please visit the following link: http://media3.marketwire.com/docs/1070961_1.pdf

1 Press release dated June 29, 2016

2 From PyroGenesis Canada Inc Technical Memo: “TM-2016-756 – SEM/EDS analysis conducted at the CM2 ”

“We are clearly breaking new ground in a very exciting industry where the initial results are very promising,” said P. Peter Pascali, President and CEO of PyroGenesis. “Key milestones are being reached and the path towards higher purity levels is becoming ever clearer. We do not expect the future to be without its challenges, but so far we could not have hoped for better results than what we have produced.”

RESULTS FROM EAG GDMS TESTS CONFIRMS NEAR COMPLETE IMPURITY REMOVAL BY THE PUREVAPâ„¢ QUARTZ REDUCTION REACTOR (“QRR“) FOR Al, B, Ca, AND P

As predicted by PyroGenesis Theoretical Model for the PUREVAPtm QRR, (March 3, 2016 Press Release), the test results clearly indicate that the process can successfully remove impurities from the material while transforming SiO2 into Silicon Metal (Si) in one step.

  • Impurity removal efficiencies for Al, Ca and P were consistently high, between 67 % and 97 % for test #6, #7, #9, #10 and #15.
  • The most impressive results emanating from Phase 1 testing is the capability of the PUREVAPtm QRR to remove Boron (B) from the final material produced, with consistently high Boron removal ranging between 83 % and 98 % for test #6, #7, #9, #10 and #15.
    • Boron and Phosphorous (P) are the most challenging impurities to remove for the production solar grade silicon. Their removal is critical since elevated contents in silicon materials will negatively affect the conversion efficiency of solar grade cells, the maximum tolerance for B and P in Solar Grade Silicon Metal are respectively 0.3 ppm and 0.1 ppm;
    • Phase 1 test work achieved concentration level as low as 0.41 ppm for B and 0.31 ppm for P, a very encouraging result to be a focus of Phase 2 testing;
  • Titanium (Ti) concentration increased during the tests, due to it’s very low partial pressure, and will be a focus of ongoing test work in Phase 2 PUREVAPtm QRR Metallurgical Test Program.

Table 1 – Impurity removal summary for all tests that successfully produced material3

Elem. Impurity removal per test
#6 #7 #9 #10 #15
Al 86 % 96 % 98 % 97 % 74 %
B 97 % 98 % 91 % 83 % 96 %
Ca 12 % 23 % 99 % 96 % 82 %
Fe -208 % 61 % -214 % -148 % 7 %
P 94 % 97 % 67 % 78 % 92 %
Ti -321 % -63 % -93 % -49 % -93 %
  • The variability in the results obtained for Fe, which had some good removal efficiency in tests #7 and #15, but seem to show accumulation in tests #6, #9 and #10, is not perceived as an issue at this stage. Additional test will be needed to clarify this issue.

3 From PyroGenesis Canada Inc Technical Memo: “TM-2016-758 – Mass Balance on Impurities”.

Achieving significant removal of impurities is a major milestone on our road to transforming Quartz (SiO2) into Silicon Metal (Si),” said P. Peter Pascali, President and CEO of PyroGenesis, “and it increases the probability that the PUREVAPâ„¢ QRR One Step process will eventually become the Gold Standard for the production of High Purity Silicon Metal.”

PATHWAYS TO ATTAINING HIGHER PURITY

Having proven that the PUREVAPtm QRR can successfully remove impurities from the material while transforming SiO2 into Silicon Metal (Si), the key objectives moving forward become improving the impurities removal capacity of the systems by:

  1. Using the full energy potential of the plasma submerged arc in the Vacuum;
  2. Testing additional PUREVAPtm QRR purification processes;
  3. Using the data from the GDMS results to adjust operational characteristic of the systems.

The high level of sulphur in almost all the final product results from the relatively high sulphur content the Asbury 4055 carbon source, used as a catalyst in the process, and can be managed in subsequent testing.

Sulphur is theoretically an easy contaminant to remove. Assuming 100% removal of the Sulphur during the process this would imply that our first phase results, instead of obtaining purity result in a range from 99.88% up to 99.97(4), our first phase Purity results range could have been between 99.95% up to 99.991%.

4 Best results from EAG Laboratories GDMS Analytical Report

5 From PyroGenesis Canada Inc Technical Memo: “TM-2016-758 – Mass Balance on Impurities”.

Table 2- present the complete Impurity removal information for the produced during test 155

Test Results from First Nugget produced by the PureVap QVR system during test #15
Elements Impurities level of source materials Impurity removal efficiencies
Martinville Si02 Carbon Source TOTAL1
(-) (%) (ppm)2 (%) (ppm)3 In (ppm) Out (ppm)4 diff (%)
Al 0.002940 29.4 0.0178 178 71.8 19 74 %
B 0.003233 32.33 0.0000 0.35 23.2 1 96 %
Ca 0.001590 15.9 0.0052 52 26.1 4.7 82 %
Fe 0.002650 26.5 0.0138 138 58.4 54.5 7 %
P 0.001200 12 0.0003 3 9.5 0.73 92 %
S 0 0 0.0011 11 3.1 1,055
Ti 0.000100 1 0.0005 5 2.0 3.9 -93 %
1 Total mass for a fixed weight ratio of 2.5:1 SiO2:C
2 SiO2 Data from INRS ETE (Press release March 3, 2016)
3 Carbon data from INRS ETE testing of Carbon source 4055 purchased from Asbury Carbon, a material with spec that mentions that the material may have up to 5,000 ppm of Sulphur.
4 EAG Laboratories GDMS Analytical Report, average of the ppm impurities from Si-Grains-1 and Si-Grains-2.

This table clearly demonstrates the effect of the carbon contamination by Sulphur from the Asbury 4055 carbon used. Of the total 1,138.83 ppm of impurities left in the material, 1,055 ppm (or 92%) came from Sulphur. Sulphur contamination can be readily resolved in the Phase 2 processes by using different source carbon material, or by adjusting the process.

Testing Methodology:

The SEM-EDX analysis were completed at both the INRS – ETE laboratory in Quebec City and the Centre de Caractérisation Microscopique des Matériaux (CM2), located at the École Polytechnique de Montréal.

The GLOW DISCHARGE MASS SPECTROMETRY (GDMS) completed by Evans Analytical Group, (“EAG” of Liverpool, NY, USA) – The chemical composition of inorganic solid samples is directly analyzed using glow discharge atomization / ionization sources combined with high mass resolution analyzers Glow Discharge Mass Spectrometry or GDMS.

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

To view Image 2, please visit the following link: http://media3.marketwire.com/docs/1070961_2.pdf 6

RECAP OF KEY MILESTONES REACHED TO DATE

The Table bellow details some of the key information emanating from PyroGenesis 15 tests completed during the PureVap QVR Proof of Concept Metallurgical Program started on March 29th, 2016 and ended on July 22nd 2016.

6 Detection limit of the SEM-EDS apparatus is 99.9% purity

Table 3 – Summary of the test results conducted during the Proof of Concept testing phase

Test # Date Description Result SEM Analysis
Confirms
Reading of
100% Si
(7)
Trace Metallic
Impurities
[ppm wt](8)
Implied
Purity
in %
1 16-03-29 First test
hot test
No sample
produced
N/A N/A N/A
2 16-04-07 Increased
power input
Sample
produced
N/A N/A N/A
3 16-04-08 Reduced
heat losses
Test
Failure
N/A N/A N/A
4 16-04-15 Changed
electrode tip
Test
Failure
N/A N/A N/A
5 16-04-20 New
electrode sealing
Test
Failure
N/A N/A N/A
6 16-05-09 New
electrode design
Sample
produced
YES 1,100.82 99.88
7 16-05-10 Additional
Insulation
Sample
produced
YES 763.02 99.92
8 16-05-13 Changed C
particle size
Test
Failure
N/A N/A N/A
9 16-05-13 Pre-dried
carbon source
Sample
produced
YES 271.85 99.97
10 16-05-25 Changed
base design
Sample
produced
YES 314.93 99.97
11 16-05-30 Changed
base design
No sample
produced
N/A N/A N/A
12 16-06-16 Smaller Quartz
particle size
No sample
produced
N/A N/A N/A
13 16-07-05 Mixture
of quartz
Traces
of metal
produced
N/A N/A N/A
14 16-07-13 Reproduce
previous test
Traces
of metal
produced
N/A N/A N/A
15 16-07-22 Improve
heat losses
First Nugget
Size Sample
Produced
YES 909.04 99.91

7 Data from INRS for Test #6, 7, 9 and 10, and from PyroGenesis Canada Inc Technical Memo: “TM-2016-756 – SEM/EDS analysis conducted at the CM2 ” for test #15.

8 Best results from EAG Laboratories GDMS Analytical Report

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 solar grade silicon metal manufacturing process (patent pending) that can generate high yield returns and significant free cash flow within a short time line.

Summary of Recent Rapid Progress in Producing High Purity Silicon

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPâ„¢ Quartz Reduction Reactor (QRR) process, which it noted was able to produce silicon in one step, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPâ„¢ QRR process have demonstrated that it can transform high purity quartz into silicon metal.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPâ„¢ process to create high purity silicon metal exceeding 99.9%.

Samples from the first series of test have been sent to EAG, a specialized laboratory in the United States, to determine the precise purity levels of the Silicon Metal.

On August 2, 2016, HPQ Silicon announced that it had:

  1. Acquired the intellectual property rights to the PUREVAPâ„¢ process as it relates exclusively to the production of silicon metal from quartz. PyroGenesis retains a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.
  2. Placed an order for the purchase a 200 metric ton/year PUREVAPâ„¢ QRR pilot system to produce solar grade silicon metal from HPQ Silicon quartz.

The PUREVAPâ„¢ QRR process’s disruptive advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing HPQ Silicon to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The results demonstrate the PUREVAPâ„¢ QRR concept of combining different known steps into a one step process has now been validated by the results from the Phase 1 proof of concept metallurgical testing program

High Purity Quartz Properties

HPQ Silicon is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

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 photos associated with this press release, please visit the following links:

http://media3.marketwire.com/docs/1070961_1.pdf

http://media3.marketwire.com/docs/1070961_2.pdf

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

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

HPQ Provides Additional Update on Status of Gold Asset Spin-Off $HPQ.ca

Posted by AGORACOM-JC at 9:59 AM on Friday, September 16th, 2016

Hpq_large

Montreal, PQ / HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to provide shareholders with the following update regarding the status of its Gold Asset spin-off.

SPIN OFF AND DIVIDEND OF GOLD ASSETS

Further to our press release of September 7, 2016 the spin-off of HPQ’s gold assets into a fully owned subsidiary is proceeding as follows:

  1. 1.The Corporation has retained the services Dr. Remi Charbonneau PhD (P. Geo) of Inlandsis Consultants to complete the required update of the Beauce Placer NI 43-101, which is required to qualify the property as a property of merit for the Listing Application of Beauce Gold Fields Inc. Dr. Charbonneau is a specialist in glacial till geology and gold placers. He has worked with junior and senior exploration companies, including Virginia Gold Mines and Goldcorp. He also worked on the Beauce project in 2012-2013, which will greatly streamline the process going forward.
  2. 2.The boards of both HPQ-Silicon Resources Inc and Beauce Gold Fields Inc are scheduled to meet at the beginning of October to approve all the relevant assets transfers and contractual agreements between the Companies and approve the Beauce Gold Fields Inc Listing Application with the exchange.
  3. 3.Once the Listing Application has been filed with the exchange and the necessary authorizations have been received, the Board of HPQ Silicon will be able to declare the Ex-dividend date.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated, “The spin off project is moving forward and we are encouraged by the continued strength of the price of gold and the market values being attributed to small cap gold companies, which we believe will unlock meaningful value for our shareholders receiving dividend shares in Beauce Gold Fields.”

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, HPQ-Silicon Board has approved the issuance of 49,560 common shares at a deemed price of $0.285 per share for the outstanding debt of $14,125 for services rendered during the period from May 16, 2016 ending July 15, 2016.

Options distribution

The Corporation has granted 400,000 stock options to a Director of the Corporation. The stock options are exercisable for a period of five years from the date of grant at an exercise price of $0.19 per share.

The options have been granted under and are subject to the terms and conditions of the Company’s Stock Option Plan.

Modification To Stock Option Plan

HPQ announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, increasing it by 5,070,000 shares from 8,930,000 shares to 14,000,000 shares. The maximum number of common of shares that may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation. The modification is subject to regulatory approval

About HPQ Silicon

HPQ Silicon Resources Inc (Formally Uragold Bay Resources) is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value High Value Silicon Metal Company.

Our business model is focused on developing a disruptive solar grade silicon metal manufacturing process (patent pending) that can generate high yield returns and significant free cash flow within a short time line.

High Value Silicon Metal

HPQ Silicon is endeavouring to become a vertically integrated High Purity Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM Quartz Reduction Reactor (QRR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QRR process have demonstrated that it can transform high purity quartz into silicon metal.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPTM process to create high purity silicon metal exceeding 99.9%.

Samples from the first series of test have been sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.

On August 2, 2016, HPQ Silicon announced that it had:

  1. 1.Acquired the intellectual property rights to the PUREVAP(TM) process as it relates exclusively to the production of silicon metal from quartz. PyroGenesis retains a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.
  2. 2.Placed an order for the purchase a 200 metric ton/year PUREVAP(TM) QRR pilot system to produce solar grade silicon metal from HPQ Silicon quartz.

The PUREVAP(TM) QRR process’s disruptive advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing HPQ Silicon to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The science behind the PUREVAP(TM) QVR is well demonstrated:

    • -Plasma arc based process can transform High Purity Quartz into MG Si.-Plasma arc based process can be used to purify MG Si into higher value SG Si.

      -Refining MG Si to SG Si using an electron-beam furnace in vacuum-processing environment has proven the concept of the elimination of impurities.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

HPQ Silicon, with its PUREVAP(TM) QRR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

HPQ Silicon is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact

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

Or

Carl Desjardins, Paradox Public Relations Inc., Tel (514) 341-0408

Data: All China’s new power demand met by wind and solar last year $HPQ.ca

Posted by AGORACOM-JC at 10:39 AM on Thursday, September 8th, 2016

  • China dramatically increased the portion of its electricity generated from wind and solar in 2015
  • Growth in the two forms of power alone exceeding the rise in the country’s total electricity demand.

China dramatically increased the portion of its electricity generated from wind and solar in 2015, with the growth in the two forms of power alone exceeding the rise in the country’s total electricity demand.

China: Six little known facts about the country’s solar and wind boom

New data collated by Greenpeace shows that the country’s electricity consumption rose 0.5% last year, from 5522 TWh (terawatt hours) to 5550 TWh.

Wind and solar comfortably met this new demand, producing 186.3 TWh and 38.3 TWh of electricity in 2015, compared to 153.4 TWh and 23.3 TWh the year before. That’s a dramatic increase: 21% and 64%, respectively.

Lauri Ch

To give those numbers more context, China’s increase in power generation from wind and solar in 2015 (48 TWh) alone was twice Ireland’s entire electricity demand the previous year (24 TWh).

Half UK energy needs

In fact, Chinese wind alone could have met more than half the UK’s entire energy needs in 2015 (304 TWh).

The expansion of renewable energy generation was made possible by China vastly increasing its wind and solar capacity in 2015, up 28% and 54% respectively on 12 months previously. In total, the country made up nearly half of the world’s new solar and wind capacity last year.

Lauri chart 2

Coal use falls

The increased use of renewable energy, together with a marked economic shift away from heavy industry sectors, has meant that coal use in the country has dropped for a third year in a row, though it is still the biggest source of global CO2 emissions.

Last week, China announced that it was ratifying the Paris climate agreement, alongside the United States, in a move widely hailed as historic.

With the American presidential election now just two months away, it remains to be seen whether the States will be able to catch up in the race to lead the post-fossil fuels global economy.

Source: http://energydesk.greenpeace.org/2016/09/08/data-chinas-new-power-demand-met-wind-solar-last-year/

HPQ Silicon Orders Next Series of R&D Tests From Pyrogenesis to Determine Path to Commercial Scale Production $

Posted by AGORACOM-JC at 10:03 AM on Thursday, September 1st, 2016

Hpq_large

  • Announced it has ordered the next series of lab scale R&D tests with PyroGenesis Canada Inc.
  • Purpose of this next series of tests is to determine the best and most efficient way to scale up the Purevapâ„¢ Quartz Reduction Reactor (“QRR”) process to commercial scale production
  • objective of this series of tests is to generate and collect data that can be used for the commercial scale-up of the Purevapâ„¢ QRR process, starting with high purity Silicon Metal (99.9% SI) and then progressing towards Solar Grade Silicon Metal (99.9999% Si)

MONTREAL, QUEBEC–(Sept. 1, 2016) – HPQ Silicon Resources Inc (“HPQ Silicon”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGD is pleased to announce it has ordered the next series of lab scale R&D tests with PyroGenesis Canada Inc. (“PyroGenesis”). The purpose of this next series of tests is to determine the best and most efficient way to scale up the Purevapâ„¢ Quartz Reduction Reactor (“QRR”) process to commercial scale production.

PyroGenesis will run a large set of experiments, over a 4 to 6 month period, in order to:

  1. Complete tests at different operational settings to identify the best and most efficient way to produce Solar Grade Silicon Metal (99.9999% Si);
  2. Generate the necessary data required for the design of the 200 Tonnes Per Year (“TPY”) Solar Grade pilot-scale system announced on August 2nd 2016.

The dual objective of this series of tests is to generate and collect data that can be used for the commercial scale-up of the Purevapâ„¢ QRR process, starting with high purity Silicon Metal (99.9% SI) and then progressing towards Solar Grade Silicon Metal (99.9999% Si).

The total cost of this series of R&D tests is estimated to be CDN$120,000. PyroGenesis will provide HPQ Silicon with samples from the experiments for third party independent validation of the purity, as well as, a final report summarizing the results and analysis.

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Today marks the start of our second phase of testing for the PUREVAPâ„¢ QRR process. The first phase validated the concept that the PUREVAPâ„¢ QRR could transform HPQ quartz into High Purity Silicon Metal (99.9+% Si). This second series of testing should not only validate that the process can be scaled up, but that it can also produce Solar Grade Silicon Metal (99.9999% Si) at both lab and commercial scale.”

To this end, Pierre Carabin, Director of Engineering of PyroGenesis stated:

“This new testing phase will provide invaluable input to the design of the 200 TPD silicon pilot plant that HPQ has contracted PyroGenesis to start building next year. We have already proven that we can reach at least 99.9% purity. The additional tests will also allow us to further explore and confirm the capabilities of the technology with the ultimate goal of reaching 99.9999% purity.”

HPQ Silicon and PyroGenesis Minor Modification To Agreement

HPQ Silicon and PyroGenesis Canada Inc. (“PyroGenesis”) have made a minor modification to their Agreement signed on July 29, 2016. Specifically, the payment by HPQ Silicon to PyroGenesis in the amount of CDN$300,000, which was to be settled via the issuance of 1,363,636 Common shares of HPQ Silicon, will now be paid in cash in order to satisfy TSX Venture Exchange requirements.

About HPQ Silicon

HPQ Silicon Resources Inc (Formally Uragold Bay Resources) is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value High Value Silicon Metal Company.

Our business model is focused on developing a disruptive solar grade silicon metal manufacturing process (patent pending) that can generate high yield returns and significant free cash flow within a short time line.

High Value Silicon Metal

HPQ Silicon is endeavouring to become a vertically integrated High Purity Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPâ„¢ Quartz Reduction Reactor (QRR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPâ„¢ QRR process have demonstrated that it can transform high purity quartz into silicon metal.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPâ„¢ process to create high purity silicon metal exceeding 99.9%.

Samples from the first series of test have been sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.

On August 2, 2016, HPQ Silicon announced that it had:

  1. Acquired the intellectual property rights to the PUREVAPâ„¢ process as it relates exclusively to the production of silicon metal from quartz. PyroGenesis retains a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.
  2. Placed an order for the purchase a 200 metric ton/year PUREVAPâ„¢ QRR pilot system to produce solar grade silicon metal from HPQ Silicon quartz.

The PUREVAPâ„¢ QRR process’s disruptive advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing HPQ Silicon to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The science behind the PUREVAPâ„¢ QVR is well demonstrated:

  • Plasma arc based process can transform High Purity Quartz into MG Si.
  • Plasma arc based process can be used to purify MG Si into higher value SG Si.
  • Refining MG Si to SG Si using an electron-beam furnace in vacuum-processing environment has proven the concept of the elimination of impurities.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

HPQ Silicon, with its PUREVAPâ„¢ QRR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

HPQ Silicon is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

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: 138,406,467

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

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

Carl Desjardins
Paradox Public Relations Inc.
(514) 341-0408

INTERVIEW: HPQ Silicon Discusses PURVAP IP Acquisition. $8 Million Deal $HPQ.ca

Posted by AGORACOM-JC at 2:07 PM on Monday, August 8th, 2016

HPQ Silicon is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

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