Agoracom Blog Home

Posts Tagged ‘CSE’

« Older Entries
Newer Entries »

Monarques Gold $MQR.ca produces 4,932 ounces of #gold and generates $9.8 million in revenue in its third quarter $MUX.ca $SII.ca

Posted by AGORACOM-JC at 9:20 AM on Monday, April 23rd, 2018

  • Monarques produced 4,932 ounces of gold in its third quarter
  • Revenues of $9.8 million in the third quarter;
  • From the sale of 4,823 ounces of gold at an average price of $1,624 per ounce

MONTREAL, April 23, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report its production results and other highlights for the third quarter ended March 31, 2018. Amounts are in Canadian dollars unless otherwise indicated.

Production highlights

  • Monarques produced 4,932 ounces of gold in its third quarter, a decrease of 9% from the 5,444 ounces produced the previous quarter, mainly due to the breakdown of ore haulage equipment at the Beaufor Mine and a planned shutdown for maintenance at the Camflo mill. As soon as the equipment was repaired, production resumed at the same pace as in the previous quarter.
  • The Corporation recorded revenues of $9.8 million in the third quarter, from the sale of 4,823 ounces of gold at an average price of $1,624 per ounce (US $1,284), combined with revenue from custom milling, which was up 17% for the quarter.
  • Monarques reported the final results of its 2017 drilling program at the Beaufor Mine. The results were from 52 holes totalling 7,157 metres of drilling, including 5 exploration holes (2,651 metres) and 47 definition holes (4,506 metres). The holes were drilled on several areas of the mine, including Zone Q, Zone QH2, Zone 32, and projects 350H, 1700 and Granodiorite East (see press release dated March 27, 2018).

Production statistics

Corporate highlights

  • On February 8, 2018, Monarques announced the results of the updated prefeasibility study for its wholly-owned Croinor Gold property, which showed improved project profitability and an increase in proven and probable reserves (see press release).
  • On February 13, 2018, the Corporation announced that it would prepare gold resource estimates for its McKenzie Break and Swanson properties in accordance with NI 43-101, and that it had retained the services of Géologica of Val-d’Or for the McKenzie Break property and InnovExplo Inc. for the Swanson property (see press release).
  • On February 22, 2018, the Corporation announced that it planned to drill a total of 50,000 metres in 2018 at the Beaufor Mine and the Croinor Gold property (see press release).
  • On March 12, 2018, Monarques closed a non-brokered private placement of units with the Government of Quebec through the Capital Mines Hydrocarbures fund managed by Ressources Québec, pursuant to which the Corporation issued 12,820,513 units at $0.39 per unit for total gross proceeds of $5 million (see press release).
  • On April 5, 2018, Monarques announced that it was investigating a potential game-changer for its Wasamac gold project. It has retained BBA to conduct a study for the transportation of gold-bearing material from the Wasamac deposit to an existing processing plant with an authorized tailings management facility in the region for custom milling (see press release).
  • At March 31, 2018, the Corporation had more than $18 million in cash.

Current project timelines

A summary of the key projects that have been initiated since the start of the third quarter, as well as their timelines, is as follows:

  • 30,000-metre drilling program at the Beaufor Mine: Drilling has started and will be ongoing throughout the year. Some results are expected soon.
  • 20,000-metre drill program at Croinor Gold: Drilling has started and will be ongoing throughout the year. Some results are expected soon.
  • BBA study to confirm the custom milling option for production at the Wasamac deposit: Conclusions are expected in May 2018.
  • Resource estimate for the McKenzie Break and Swanson properties: Conclusions are expected in June 2018.

“Our production results for the quarter were lower than we expected,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “However, now that we have resolved the issues with the ore haulage equipment, the Beaufor Mine is back to producing at the same rate as in the previous quarter. We also foresee continued growth in our custom milling operations, which bodes well for the coming quarters. Our goal for the next quarters is still to increase production at the Camflo mill based on the Beaufor Mine ore and custom milling activities while cutting production costs. At the same time, we have started a number of projects since the beginning of the third quarter that should enable us to increase our gold resource and our production capacity.”

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSX.V:MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video), Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither 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 press release.

SOURCE Monarques Gold Corporation

View original content with multimedia: http://www.newswire.ca/en/releases/archive/April2018/23/c5352.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2018

Tags: , , ,
Posted in All Recent Posts, Monarques Gold | Comments Off on Monarques Gold $MQR.ca produces 4,932 ounces of #gold and generates $9.8 million in revenue in its third quarter $MUX.ca $SII.ca

FEATURE: PyroGenesis $PYR.ca Proven Plasma Torch Processes for US military, 3D Powders for Aircraft Engines and Solar Grade Silicon Metal for Solar Industry $HPQ.ca $DDD $SSYS $ PRLB

Posted by AGORACOM-JC at 2:47 PM on Friday, April 20th, 2018

PYR: TSX-V

TSX Venture Exchange chooses PyroGenesis to be included in the Exclusive TSX Venture 50®

WHY PYROGENESIS?

  • Q3-2017 Cash Flow Positive on EBITDA (Modified) Basis;
  • Revenues Increase by 7%;
  • Positive Gross Margin of 57%;
  • Current Backlog $7.41MM
  • Traditional lines of business are poised to contribute significantly to bottom line
  • Over $13.5MM in contracts signed
  • Clients include: U.S Air Force, U.S NAVY, Canada Natural Resources
  • Nominated to the shortlist for “Materials Company of the Year” at the 3D Printing Industry Awards 2018.

Tags: , , ,
Posted in AGORACOM Client Feature, All Recent Posts, PyroGenesis Canada Inc. | Comments Off on FEATURE: PyroGenesis $PYR.ca Proven Plasma Torch Processes for US military, 3D Powders for Aircraft Engines and Solar Grade Silicon Metal for Solar Industry $HPQ.ca $DDD $SSYS $ PRLB

The medical #marijuana industry is about to get much bigger, CannTrust CEO says $N.ca $NXTTF $TBP.ca $MCOA $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 12:11 PM on Friday, April 20th, 2018
  • The ramp up in Canada’s cannabis sector is ongoing
  • Industry estimates of sales eventually adding up to between $5 and $8 billion a year
  • By comparison, Canada produces a little under $3 billion of beer a year and about $1 billion in tobacco products.

April 19, 2018 By Jayson MacLean

Eric Paul

While all eyes are on the launch date for recreational cannabis in Canada —said to come in either late summer or early fall— the medical side of the equation should be getting the attention, as well, because it’s about to get much bigger, says Eric Paul, CEO of licensed producer CannTrust Holdings (TSX:TRST).

The ramp up in Canada’s cannabis sector is ongoing, with industry estimates of sales eventually adding up to between $5 and $8 billion a year. That’s substantial, since by comparison, Canada produces a little under $3 billion of beer a year and about $1 billion in tobacco products.

But while the rec market is getting all the focus, the medical marijuana industry both at home and abroad should be getting its props, since it’s growing by leaps and bounds.

“We’ve been astounded by the growth of the medical marijuana industry in Canada,” Eric Paul, CEO of CannTrust Holdings, tells BNN.

“Roughly ten or 12 per cent of the 80,000 doctors across Canada who could prescribe are prescribing [cannabis], and I would say we’re gaining on that for a number of reasons,” says Paul. “The first being the opiate crisis where doctors are looking for cannabis as a potential first-line therapy for pain management. The second thing is that there is more research coming out; we’re about to announce a couple of major research projects in Canada and one is a major pain management study. As these research projects produce their end result, more doctors are looking at cannabis as an alternate therapy for chronically ill people.”

Statistics Canada has reported that between April and December of last year, the number of clients registered under its Access to Cannabis for Medical Purposes Regulations (ACMPR) has gone from 174,503 to 269,502.

Paul says that CannTrust itself has a 40,000-strong patient base and is looking to jump to 100,000 in 12 months time.

“We’ve had a major expansion in Niagara: a 430,000 sq. ft. state of the art greenhouse which is up and running,” says Paul. “We believe that with that capacity and with the nature of that facility, we’ll be able to supply our current customer demand in the medical market and have sufficient capacity to handle the first generation of recreational demand.”

But aside from Canada’s own growing medical market, the international market is poised to take off in countries like Germany and Australia, and many of the top licensed producers in Canada are now lining up deals outside of Canada.

In March, CannTrust announced that it has entered into a joint venture agreement with a Danish company to grow and sell medical cannabis.

“The industry is globalizing much faster than any of us expected,” says Paul.

“Various countries are going into medical legislation and Denmark is one of those countries that have announced that we’re fully licensed there, we’ll be building a facility there,” he said. “In that country, the government has decided to fund the cost of it for the consumer, via prescription, and they’re willing to fund 100 per cent for people with palliative or end-of-life care and 50 per cent for chronic illness. That will allow those industries to quickly garner market share. Germany is a similar kind of situation and also Australia.”

Source: https://www.cantechletter.com/2018/04/the-medical-marijuana-industry-is-about-to-get-much-bigger-canntrust-ceo-says/

Tags: , , , , , ,
Posted in All Recent Posts, Marijuana Company of America, Medical Marijuana Stocks, Namaste Technologies Inc., Tetra Bio-Pharma Inc. | Comments Off on The medical #marijuana industry is about to get much bigger, CannTrust CEO says $N.ca $NXTTF $TBP.ca $MCOA $ACB.ca $HIP.ca $WEED.ca $CMED.ca

JPMorgan $JPM National Bank of Canada $NA.ca others test debt issuance on #blockchain $SX $SX.ca $SXOOF $IDK.ca $AAO.ca

Posted by AGORACOM-JC at 10:24 AM on Friday, April 20th, 2018
  • The platform was built over more than a year using Quorum, a type of open-source blockchain that JPMorgan has developed inhouse.
  • Banks have poured millions of dollars to develop blockchain to streamline processes ranging from cross-border payments to securities settlement.
  • JPMorgan is considering spinning off Quorum because the technology has attracted significant outside interest.

Chris Ratcliffe | Bloomberg | Getty Images
Pedestrians cross a foot bridge towards the offices of global financial institutions, including JPMorgan Chase & Co. and the commercial office block No. 1 Canada Square, in the Canary Wharf financial, shopping and business district in London, U.K.

J. P. Morgan Chase & Co has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination, settlement, interest rate payments and other processes.

The test on Wednesday mirrored the Canadian bank’s $150 million offering on the same day of a one-year floating-rate Yankee certificate of deposit, they said in a statement. The platform was built over more than a year using Quorum, a type of open-source blockchain that JPMorgan has developed inhouse and is in discussions to spin off.

Participants in the experiment included Goldman Sachs Asset Management, the fund management arm of Goldman Sachs Group Inc, Pfizer Inc and Legg Mason Inc’s Western Asset and other investors in the certificate of deposit.

Banks have poured millions of dollars to develop blockchain, the software first created to run cryptocurrency bitcoin, to streamline processes ranging from cross-border payments to securities settlement.

“Blockchain-related technologies have the potential to bring about major change in the financial services industry,” David Furlong, senior vice president of artificial intelligence, venture capital and blockchain at National Bank of Canada, said in a statement.

JPMorgan is considering spinning off Quorum because the technology has attracted significant outside interest, Umar Farooq, head of blockchain initiatives for JPMorgan’s corporate and investment bank said in an interview.

He said it was taking too much time to field requests for help from users at other companies.

Charging for assistance is not an option because software support is not the bank’s business, a person familiar with the matter said on condition of anonymity. The source was not authorized to discuss the matter publicly.

The spin-off discussions are in the early stages and the bank has received interest from financial institutions and large enterprise technology companies, Farooq added. He declined to name the companies.

JPMorgan plans to beef up the Quorum team with dozens of engineers from the bank’s other divisions who have become familiar with the technology, he said.

Blockchain is in the early stages of development in the financial industry, but JPMorgan is optimistic about its potential, Farooq said.

“We haven’t really seen a lot of really large scale things go into production yet. There are few cases where blockchain can really shine.”

Source: https://www.cnbc.com/2018/04/20/jpmorgan-national-bank-of-canada-others-test-debt-issuance-on-blockchain.html

Tags: , , , ,
Posted in All Recent Posts, Blockchain stocks, Blockstation, Canadian Blockchain Stocks, St Georges Eco-Mining Technologies | Comments Off on JPMorgan $JPM National Bank of Canada $NA.ca others test debt issuance on #blockchain $SX $SX.ca $SXOOF $IDK.ca $AAO.ca

INTERVIEW: $HPQ.ca Silicon Discusses Significant Commercial Scale Up Milestones From Gen2 PUREVAP $PYR.ca

Posted by AGORACOM-JC at 8:36 AM on Friday, April 20th, 2018

Tags: , , , ,
Posted in AGORACOM Via Satellite, All Recent Posts, Featured, HPQ-Silicon Resources Inc. | Comments Off on INTERVIEW: $HPQ.ca Silicon Discusses Significant Commercial Scale Up Milestones From Gen2 PUREVAP $PYR.ca

FEATURE: Monarques Gold $MQR.ca – A PRODUCER With $10.3M In Quarterly Revenues $MUX.ca $SII.ca

Posted by AGORACOM-JC at 4:09 PM on Thursday, April 19th, 2018

Monarquesgold hub large

MQR: TSX-V

Why Monarques Gold?

  • A gold producer with the Beaufor Mine
  • $10.3M in revenues last quarter
  • large portfolio of mining assets, including the Beaufor Mine, two mills (Camflo and Beacon), two advanced projects (Wasamac and Croinor Gold) and eight exploration projects covering more than 240 km2 in the Abitibi region.
  • Upside potential and leverage to the gold price with the Wasamac project.
  • NI 43-101 proven and probable reserves of 162,790 ounces of gold, measured and indicated resources of 1.76 million ounces and inferred resources of 1.67 million ounces
  • Over 150 highly experienced, qualified employees will join the Monarques team.
  • Strong financial position, with cash of $18.2 million

Q2 (Dec 31) Highlights

Beaufor Mine

  • Production and sale of 5,444 ounces of gold in the second quarter, a 62% increase over the 3,380 ounces produced in the prior quarter by the previous owner and a 16% increase over the quarterly average of 4,715 ounces produced during the prior nine-month period.
  • Average selling price of $1,583 (US $1,245) per ounce sold.
  • Production cash cost of $1,338 (US $1,052) per ounce sold, down 31% from $1,929 (US $1,540) in the prior quarter under the previous owner.
  • All-in sustaining cost for Beaufor/Camflo of $1,525 (US $1,199) per ounce sold, down 39% from $2,491 (US $1,989) in the prior quarter under the previous owner.

Tags: , , ,
Posted in AGORACOM Client Feature, All Recent Posts, Monarques Gold | Comments Off on FEATURE: Monarques Gold $MQR.ca – A PRODUCER With $10.3M In Quarterly Revenues $MUX.ca $SII.ca

Mobile Game Study Reveals Interesting Demographics – 63% of #Mobile #Gamers are #Female #Kuuhubb $KUU.ca

Posted by AGORACOM-JC at 11:54 AM on Thursday, April 19th, 2018
  • According to Mediakix, female gamers make up 63-percent of the total,
    • 60-percent playing every day.
  • That’s as compared to 37-percent and 47-percent for males, respectively.
  • Only 31-percent of men spend real money in games compared to a number that appears higher for women with that number being at 36-percent
March 30, 2018 – Written By Daniel Golightly

A new report released by Mediakix has some statistics to show with regard to the demographics of mobile gaming, as well as trends in spending and expected industry growth. There’s actually quite a lot of information revealed by the study but the company has provided a helpful infographic to break down some of the key figures. It should come as no surprise that the market is expected to hit a value of around $115 billion this year or that its expected to increase by $72 billion by 2020. Mobile gaming is already a $50 billion industry and its only March.

The demographics of who those gamers are is very interesting, especially when compared to some other studies that were recently completed. For example, another infographic from earlier this month – conducted by AppOptix for U.S. users- showed only a slight gap between how much time men and women spend on their mobile devices. That gap was only at around 6-percent, with men using their devices more. If those figures hold true, then it turns out women may be playing far more mobile games in that time than men. According to Mediakix, female gamers make up 63-percent of the total, with 60-percent playing every day. That’s as compared to 37-percent and 47-percent for males, respectively. Meanwhile, only 31-percent of men spend real money in games compared to a number that appears higher for women with that number being at 36-percent.

That may or may not need to be taken with a grain of salt, though, bearing in mind that Mediakix study was on the global scale. Figures for age demographics in mobile gaming do appear to be a bit different between sources. Mediakix, for example, says that of the 2.1 billion mobile gamers worldwide, the largest age group for gaming on smartphones at 38-percent is those aged 45-years or more. In the U.S., according to AppOptix, the 45 and older group plays the least. That same study showed that those aged 26 to 36 fell in with only slightly more play time per week, while this new study shows users between 25 and 34 as making up 19-percent of gamers. Some cohesiveness is there to be found, on the other hand, in the fact that both studies show that users under 26 make up the big chunk of mobile gamers. The new numbers place that group at around 22-percent, while the earlier reports showed that group to be the largest. Of course, those aren’t the only figures revealed by the study and the comparisons aren’t necessarily directly correlated. But the figures are well worth examning nonetheless. Anybody interested in learning more can check out the included infographic or head over to the source link below.

 Source: https://www.androidheadlines.com/2018/03/mobile-game-study-reveals-interesting-demographics.html

Tags: , , , , , , ,
Posted in All Recent Posts, Kuuhubb | Comments Off on Mobile Game Study Reveals Interesting Demographics – 63% of #Mobile #Gamers are #Female #Kuuhubb $KUU.ca

Namaste Receives Conditional Approval to List on TSX Venture Exchange $N.ca $NXTTF $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 9:22 AM on Thursday, April 19th, 2018

Nlogo

  • Received conditional approval to list the common shares and warrants of the Company on the TSX Venture Exchange as a Tier 1 issuer
  • listing is subject to the Company fulfilling certain requirements of the TSXV in accordance with the terms of its conditional approval letter dated April 18th, 2018

VANCOUVER, British Columbia, April 19, 2018 — Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has received conditional approval to list the common shares and warrants of the Company on the TSX Venture Exchange (“TSXV”) as a Tier 1 issuer. The listing is subject to the Company fulfilling certain requirements of the TSXV in accordance with the terms of its conditional approval letter dated April 18th, 2018. The Company anticipates that the common shares will continue to trade under the trading symbol “N” and its warrants will continue to trade under the symbol “N.WT.”

The Company will proceed expeditiously to satisfy these conditions and management is confident that all conditions for listing will be met. Upon obtaining final approval, the Company will issue a further press release to inform shareholders when it anticipates that its common shares and warrants will commence trading on the TSXV.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We are very pleased to have received conditional approval from the TSXV. We’re also proud to have been accepted as a Tier 1 issuer. We believe that this listing will provide the company and its shareholders with many advantages, including greater visibility and enhanced market access for Canadian and international investors. We’re extremely proud to join the ranks of many innovative cannabis companies in our industry and gain new exposure through a larger exchange. We will remain committed to expanding our business strategy through innovation to help solidify our position in the cannabis sector.

I’d like to take this opportunity to thank the Canadian Securities Exchange (“CSE”) for their tremendous support. We greatly appreciate the CSE for providing us with a platform for Namaste to grow and we’re excited to be moving forward towards the anticipated TSXV listing.”

About Namaste Technologies Inc.

Namaste is the largest online retailer for medical cannabis delivery systems globally. Namaste distributes vaporizers and smoking accessories through 24 e-commerce sites in 20 countries and with distribution hubs located around the world. Namaste has majority market share in Europe and Australia, with operations in the UK, Canada and Germany and has opened new supply channels into emerging markets including Brazil, Mexico and Chile. Namaste, through its acquisition of Cannmart Inc., a Canadian based late-stage applicant for a medical cannabis sales licence (under the ACMPR Program) is pursuing a new revenue vertical in online retail of medical cannabis in the Canadian market. Namaste intends to leverage its existing database of Canadian medical cannabis consumers, along with its expertise in e-commerce to create an online marketplace for medical cannabis patients, offering a larger variety of product and a better user experience.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

 

Further information on Namaste and its products can be accessed through the links below:

namastetechnologies.com

namastevapes.ca

everyonedoesit.ca

namastevaporizers.co.uk

everyonedoesit.co.uk

australianvaporizers.com.au

Forward Looking Information

This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents, which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. The Canadian Securities Exchange has neither reviewed nor approved the contents of this press release.

Tags: , , , , ,
Posted in All Recent Posts, Namaste Technologies Inc. | Comments Off on Namaste Receives Conditional Approval to List on TSX Venture Exchange $N.ca $NXTTF $ACB.ca $HIP.ca $WEED.ca $CMED.ca

PyroGenesis $PYR.ca Announces Significant Commercial Milestones with the Gen2 PUREVAP™ System for $HPQ.ca Silicon Resources Inc.

Posted by AGORACOM-JC at 8:40 AM on Thursday, April 19th, 2018

Pyr header 1

  • Announced significant commercial milestones with the GEN2 PUREVAP™ system for HPQ Silicon Resources
  • Company confirms that improvements and design modifications with GEN2 are generating significantly better results in terms of yield

MONTREAL, April 19, 2018 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V:PYR), (the “Company”, the “Corporation” or “PyroGenesis”) a Company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce significant commercial milestones with the GEN2 PUREVAP™ system for HPQ Silicon Resources Inc (“HPQ”).

The Company confirms that improvements and design modifications with GEN2 are generating significantly better results in terms of yield (total mass of Si Produced during one test) and production yield (conversion efficiency of quartz into silicon metal). The results to date have been summarized in a progress report which has recently been submitted to HPQ.

These recent results are positive indicators of the commercial scalability of the PUREVAP™ process. Significantly increasing the yield, and the production yield, with the GEN2 PUREVAP™ are both examples of such indicators. Of note, the results reported exceed not only those obtained previously, but more importantly, exceed the theoretical yields.

Results of yield and conversion efficiency achieved from tests done on the GEN2 PUREVAP™ are described as follows:

  • Yield:
    • Total mass of Si produced was 101.45g;
    • 11.5 times greater than GEN1 best result of 8.8g and 3.6 times greater than GEN2 previous result of 28.1g.
  • Production Yield (Conversion Efficiency):
    • 34.3%;
    • Astounding accomplishment considering the GEN2 PUREVAP™ physical limitations of the reactor;
    • Best efficiency to date and 2.5 times (+156%) greater than previous record production yield of 13.4%.

Additional testing continues with the expectations of further improvements.

 “The results we have achieved recently with the GEN2 PUREVAP™ give us increased confidence and assurance that at pilot scale, we will be able to reach significant higher production yields of high purity silicon metal that we are targeting,” said Mr. Pierre Carabin, Chief Technology Officer of PyroGenesis. “We are extremely pleased with the GEN2 PUREVAP™ progress results so far, and expect further improvements in the near term.”

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

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

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

SOURCE PyroGenesis Canada Inc.

For further information please contact: Rodayna Kafal, VP, Investor Relations and Strategic Business Development, Phone: (514) 937-0002, E-mail: [email protected]

Tags: , ,
Posted in All Recent Posts, HPQ-Silicon Resources Inc., PyroGenesis Canada Inc. | Comments Off on PyroGenesis $PYR.ca Announces Significant Commercial Milestones with the Gen2 PUREVAP™ System for $HPQ.ca Silicon Resources Inc.

$HPQ.ca Reports Significant Commercial Scale Up Milestones From Gen2 PUREVAP $PYR.ca

Posted by AGORACOM-JC at 8:28 AM on Thursday, April 19th, 2018

Hpq large

  • PyroGenesis Canada has confirmed that process improvements and design modifications are generating results that exceed expectations at this stage of development
  • Work continues in the Gen2 PUREVAP™ Commercial Scalability Proof of Concept Test Work
  • Results are summarized in a recently received progress report.

MONTREAL, April 19, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to inform shareholders that PyroGenesis Canada Inc (“PyroGenesis”) (TSX Venture:PYR) has confirmed that process improvements and design modifications are generating results that exceed expectations at this stage of development. Work continues in the Gen2 PUREVAP™ Commercial Scalability Proof of Concept Test Work. The results are summarized in a recently received progress report.

GREATLY INCREASED YIELD AND PRODUCTION YIELD:

Significantly increasing the Yield1 and the Production Yield2 of the Gen2 PUREVAP™ through ongoing process improvements and design modifications are positive indicators of the commercial scalability of the PUREVAPTM process. The results reported by Pyrogenesis surpass the theoretical Production Yield referred to previously and result from continuous process improvements by the Pyrogenesis team.

Gen2 PUREVAP™ test #14 attained the following results:

  • Total mass of Si produced (yield) was 101.45 gr; 11.5 times greater than Gen1 best result of 8.8 gr (test #32) and 3.6 times greater than the 28.1 gr of Gen2 test # 007;
  • Production Yield reached 34.3%, a staggering accomplishment considering the Gen2 PUREVAP™ reactor physical limitations. This result is the highest to date and it’s 2.5 times (+156%) greater than our previous record: Gen2 test # 007 Production Yield of 13.4%.
  • These results are opening the way for further process improvements; design modifications and additional tests in order to further increase both the Yield and Production Yield of Si produced.

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “These results confirm that our data driven, empirical and methodical approach is yielding phenomenal results. With every milestone reached, we are de-risking our project. Gen 1 testing proved that the PUREVAP™ QRR could convert quartz into Si while simultaneously increasing its purity and highlighted the key relationship between production yield and purity. Our ongoing Gen2 PUREVAP™ program has pushed the project from the lab to a semi-industrial scale. Results are validating the Commercial Scalability of the process while yielding crucial technical information that is allowing us to run ongoing concurrent development programs with a goal of decreasing the timeline to commercial deployment of the PUREVAP™ QRR process. Our objective for 2018 continues to be building on our technical successes as we get ready to commence the Gen3 PUREVAP™ Pilot Plant phase with our “Solar Silicon Team” of Pyrogenesis and Apollon Solar, as well as, building market awareness of our progress and plans.”

“The results we have achieved recently with the GEN2 PUREVAP™ give us increased confidence and assurance that at pilot scale, we will be able to reach significant higher production yields of high purity silicon metal that we are targeting,” said Mr. Pierre Carabin, Chief Technology Officer of PyroGenesis. “We are extremely pleased with the GEN2 PUREVAP™ progress results so far, and expect further improvements in the near term.”

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

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders.

https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.

HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit production of the highest efficiency SoG Si.  The pilot plant equipment that will validate the commercial potential of the process is on schedule for 2018.

Disclaimers:

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

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

Shares outstanding: 195,527,557

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

Tags: , , , ,
Posted in All Recent Posts, Featured, HPQ-Silicon Resources Inc., PyroGenesis Canada Inc. | Comments Off on $HPQ.ca Reports Significant Commercial Scale Up Milestones From Gen2 PUREVAP $PYR.ca

« Older Entries
Newer Entries »