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

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

Hpq large

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

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

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

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

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

About HPQ Silicon

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

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

Disclaimers:

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

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

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

Shares outstanding: 164,704,382

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

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

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

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

Hpq large

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

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

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

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

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

OTHER CORPORATE MATTERS – Shares For Services Program

In accordance with the agreement between HPQ-Silicon and AGORACOM (see Uragold press release July 18, 2014), extended by both Parties for an additional year, from July 15, 2016 to July 15, 2017 under the same terms and conditions (previously disclose in HPQ September 16, 2016 press release), HPQ-Silicon Board has approved the issuance of 176,560 common shares at a deemed price of $0.16 per share for the outstanding debt of $28,250 for services rendered during the period from July 16, 2016 ending Jan 15, 2017.

About HPQ Silicon

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

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

Disclaimers:

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

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

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

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

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

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HPQ Silicon Achieves 9,000 % Increase in Bench Test sample size; 300 % Increase in Capacity of Lab Scale PUREVAP(tm) $HPQ.ca

Posted by AGORACOM-JC at 8:13 AM on Thursday, January 26th, 2017

Hpq large

  • Chairman and CEO of HPQ-Silicon stated, “Demonstrating the scalability, at lab scale, of the PUREVAPtm QRR process in a repeatable and predictable manner while obtaining consistent purity results of 99.9+% (3N+)1 Si using 98.14% or less (1N) SiO2 feedstock
  • Represents yet another important technical milestones in in our progress toward production of High Purity Silicon metal

January 26, 2017 / TheNewswire / Montreal, Quebec, Canada – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to inform its shareholders that PyroGenesis Canada Inc (“PyroGenesis”) has submitted a new stage report entitled “Update on The PUREVAP Process Characterization Testing Phase” pertaining to 36 of 50 tests completed to date. The findings are significant in that they demonstrate the success of bench scale test work in scaling up the process of converting low purity feedstock into higher purity silicon metal.

Bernard Tourillon, Chairman and CEO of HPQ-Silicon stated, “Demonstrating the scalability, at lab scale, of the PUREVAPtm QRR process in a repeatable and predictable manner while obtaining consistent purity results of 99.9+% (3N+)1 Si using 98.14% or less (1N) SiO2 feedstock, represents yet another important technical milestones in in our progress toward production of High Purity Silicon metal. At this stage of our development, we have passed the critical milestones of consistently increasing sample size and now work will focus on improving the purity of the final product. This ‘iterative’ approach of incrementally increasing size, and purity step by step will continue and has so far been highly successful”.

TESTING CONFIRMS LAB SCALE SCALABILITY OF PUREVAP(TM) QRR PROCESS

The report confirms the scalability of the Process, explaining that in order to improve the yield of High Purity Silicon Metal (99.9+% Si) produced per batch, the lab-scale PUREVAPtm QRR reactor was successfully modified and capacity scaled up by a factor of 3 (300%). As a result, yield went from less than 0.1 g to 8.8 g (test #32), an increase of approximately 9,000% (hundredfold).

Of significant interest is the fact that all these results were obtained using lower purity feedstock (98.14% or less SiO2) than used by the Silicon Metal industry to produce Metallurgical Grade Silicon Metal (98.5% Si). Moreover, the results suggest that HPQ PUREVAP(TM) QRR PROCESS is the only process in the world that can systematically produce Silicon Metal of a purity above 3N+ (99.9+% Si) from sub-standard purity feed quartz.

“We are extremely pleased with the progress to date,” said Pierre Carabin, CTO of PyroGenesis. “Our ability to increase capacity by a factor of nearly hundredfold in such a short time gives us great confidence in scaling up the process to the 200 TPY pilot phase”.

INCREASING PURITY TO SOLAR GRADE SI (5N+) NOW BECOMES KEY FOCUS IN FINAL 14 TESTS

During the Proof of Concept phase, only high-purity quartz (99.97% SiO2) was used, while low-purity quartz (maximum 98.4%) was used for the other 36 tests. Moving forward, some tests will be conducted using higher purity feed stock (99.5% SiO2) in order to study the effect of reducing impurity at the source.

Test 19 confirmed that by adding a solid purifying agent into the feedstock, the production of 4N+ purity Silicon Metal (99.99+% Si)2 using 98.14% SiO2 was reachable. The engineering team at Pyrogenesis will continue to evaluate results and make process modifications to the PUREVAP(TM) QRR therefore allowing us to find the optimal purification process.

“Producing Solar Grade Silicon Metal remains our primary objective. For the remaining 14 tests, our intention is to focus solely on improving purity, with a goal of producing minimum 5N Si material,” said Tourillon. “In addition, PyroGenesis will also test an alternative route to higher purity during the ongoing test work.”

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

VISUALIZING RAMP UP YIELD – RESULTS FROM TEST #24 – 32

Figure 1 – Small bead produced during test #24
Click Image To View Full Size

Figure 2 – Series of chunks produced during test #32

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

About HPQ Silicon

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

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

Disclaimers:

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

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

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

1 Analyses completed at the << Centre de Caracterisation Microscopique des Materiaux >> (CM2), located at the Ecole Polytechnique de
Montreal using a Scanning Electron Microscope (SEM) associated with a Wavelength-Dispersive Spectroscopy (WDS)

2

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

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

Hpq large

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

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

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

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

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

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

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

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

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

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

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

Beauce Gold 43-101 Technical Report

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

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

About The Beauce Gold Property

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of claims 100% owned by HPQ Silicon, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

Property Highlights

-Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce Gold project

-Polygonally calculated Gold Exploration Target, for the entire historical placer channel ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3). Potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource

-Significant potential for further exploration discoveries, geology suggest a proximate bedrock source of gold.

-176 acres of real estate 100% owned by HPQ Silicon

-Property held four historical gold mining operations

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

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

For further information contact

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

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

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

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

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

Hpq large

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

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

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

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

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

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

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

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

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

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

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

Beauce Gold 43-101 Technical Report

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

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

About The Beauce Gold Property

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of claims 100% owned by HPQ Silicon, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest historical placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

Property Highlights

  • -Certificate of authorizations (CA) allowing the start of first phase mining activities on the Rang Chaussegros sector of the Beauce Gold project-Polygonally calculated Gold Exploration Target, for the entire historical placer channel ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3)-Significant potential for further exploration discoveries, geology suggest a proximate bedrock source of gold.-176 acres of real estate 100% owned by HPQ Silicon-Property held four historical gold mining operations-Property produced the largest gold nuggets in Canadian mining history (St-Onge Nugget 43 oz, McDonald Nugget 45 oz, Kilgour Nugget 51 oz)

For further information contact

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

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

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

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

Posted by AGORACOM-JC at 9:58 AM on Tuesday, January 3rd, 2017
by 

Chris Martin
  • Spot prices fell to a record-low of 36 cents a watt this week
  • ‘A challenge for anyone to make money at that price’

 

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

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

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

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

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

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

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

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

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HPQ Silicon Announces Closing of Over-Subscribe Private Placement $HPQ.ca

Posted by AGORACOM-JC at 4:02 PM on Friday, December 23rd, 2016

Hpq large

  • Completed its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 6,448,211 units at $0.14 per Unit for gross proceeds of $902,750

Montreal, Quebec, Canada / December 23, 2016 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to inform its shareholders that it has completed its previously announced non-brokered private placement consisting of the issuance and sale of an aggregate amount of 6,448,211 units (“Unit”) at $0.14 per Unit for gross proceeds of $902,750. The Net proceeds of the placement will be used for the placement fees; legal expenses; on-going 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.

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.

Mr. Daryl Hodges, a Director of HPQ Silicon Resources Inc, through a wholly owned company, Ladykirk Capital Advisors Inc and Personally have subscribed to 200,000 Units and 100,000 Units, respectively. Following the completion of the Private Placement, Mr. Hodges and Ladykirk Capital Advisors Inc., taken together will beneficially own or exercise control or direction over, directly or indirectly on 1,537,500 Common Shares representing approximately 0.99% of the issued and outstanding Common Shares of the Company.

The participation of each of Mr. Hodges in the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and Policy 5.9 -Protection of Minority Security Holders in Special Transactions of the Exchange. In connection with this related party transaction, the Company is relying on the formal valuation and minority approval exemptions of respectively subsection 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the portion of the Private Placement subscribed by Mr. Hodges does not exceed 25% of the Company’s market capitalization. The Private Placement, including Mr Hodges participation, has been approved by the Board of directors of the Company, with Mr. Hodges abstaining.

Bernard Tourillon, Chairman and CEO of HPQ Silicon stated: ” The demand for the placement was such that 72% of the over allocation potential mention in the December 13 press release was taken, and more would have been taken were not for the fact that we closed the PP today. This funding provides 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..”

In connection with the placement the Company paid a cash finder’s fee of $4,961 and issued 35,440 warrants to Foster & Associates Financial Services Inc. of Toronto, Ontario. Each warrant, and any share purchased through the exercise of the warrants have the mandatory four (4) month holding period from the date of closing of the placement and give the right to purchase one (1) common share at 25.0 cents for 24 months.

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 under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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

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

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

Symbol: TSX.V: HPQ

Symbol: FWB: UGE

Symbol: OTCPink: URAGD

Shares outstanding: 148 605 845

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World Energy Hits a Turning Point: Solar That’s Cheaper Than Wind $HPQ.ca

Posted by AGORACOM-JC at 11:15 AM on Thursday, December 15th, 2016
  • Transformation is happening in global energy markets that’s worth noting as 2016 comes to an end:
  • Solar power, for the first time, is becoming the cheapest form of new electricity. 
Emerging markets are leapfrogging the developed world thanks to cheap panels.
by

Tom Randall

A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.1

Disclosed capex for onshore wind and PV projects in 58 non-OECD countries

 

Disclosed capex for onshore wind and PV projects in 58 non-OECD countries
Source: Bloomberg New Energy Finance

 

“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal

This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. 2 But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Turning Points

The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil-fuel use for electricity may be reached within the next decade.

Thursday’s BNEF report, called Climatescope, ranks and profiles emerging markets for their ability to attract capital for low-carbon energy projects. The top-scoring markets were China, Chile, Brazil, Uruguay, South Africa, and India.

 

When it comes to renewable energy investment, emerging markets have taken the lead over the 35 member nations of the Organization for Economic Cooperation & Development(OECD), spending $154.1 billion in 2015 compared with $153.7 billion by those wealthier countries, BNEF said. The growth rates of clean-energy deployment are higher in these emerging-market states, so they are likely to remain the clean energy leaders indefinitely, especially now that three-quarters have established clean-energy targets.

Still, the buildup of wind and solar takes time, and fossil fuels remain the cheapest option for when the wind doesn’t blow and the sun doesn’t shine. Coal and natural gas will continue to play a key role in the alleviation of energy poverty for millions of people in the years to come.

But for populations still relying on expensive kerosene generators, or who have no electricity at all, and for those living in the dangerous smog of thickly populated cities, the shift to renewables and increasingly to solar can’t come soon enough.

 

The Peak Oil Myth and the Rise of the Electric Car
Source: https://www.bloomberg.com/news/articles/2016-12-15/world-energy-hits-a-turning-point-solar-that-s-cheaper-than-wind

 

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US Solar Market Shatters Records In Q3 $HPQ.ca

Posted by AGORACOM-JC at 4:07 PM on Tuesday, December 13th, 2016

Energy Matters

  • 2 megawatts of solar panels were installed in the USA every hour during the third quarter of this year.
  • Based on a 260W module, that’s around 128 panels a minute; every minute of the day.

The latest  U.S. Solar Market Insight report from GTM Research and the Solar Energy Industry Association (SEIA) states 4,143 megawatts of solar PV was installed during the third quarter of the year – and the pace has picked up even more during this quarter.

Utility scale solar drove the record result in Q3, which was 99% more than Q2 2016 and 191% over Q3 2015.

“With a 90 percent favorability rating and 209,000 plus jobs, the U.S. solar industry has proven that when you combine smart policies with smart 21st century technology, consumers and businesses both benefit,” said  Tom Kimbis, interim president of SEIA.

That job tally may be substantially higher now as the figure appears to have been taken from the Solar Foundation’s National Solar Jobs Census 2015

USA solar PV installations

GTM Research forecasts 14.1 GWdc of new PV installations will be connected by the end of this year 2016, up 88% over 2015.  This will mark the first time the U.S. has eclipsed the 10 GWdc annual mark.

Utility PV is expected to account for over 70% of that new capacity.

While the residential segment was down 19% from Q2 2016, it was up 2% from Q3 2015.

Non-residential PV (which includes commercial solar) performed solidly; up 15% from Q2 2016 and up 37% from Q3 2015.

Between the first and third quarters of this year, solar made up 39% of all new electric generating capacity connected in the USA, ranking behind only natural gas.

Mr. Kimbis said while it may have taken the USA 40 years to hit 1 million solar installations, the nation is expected to reach 2 million within the next two years. It looks like our U.S. friends will eclipse Australia’s impressive ~1.6 million system total quite soon – but to be fair; there’s nearly 14 times more of them than there are of us.

More from the latest U.S. Solar Market Insight  can be viewed here.

Source: http://www.energymatters.com.au/renewable-news/usa-solar-record-5815/

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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

Hpq large

  • 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

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