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Beauce #Gold Fields Closes the $550,000 Concurrent Private Placement and Submits Form 2B Required for Listing on the TSX.V Exchange $HPQ.ca $BGF.ca

Posted by AGORACOM-JC at 4:39 PM on Wednesday, December 12th, 2018

  • For the purpose of the execution of the Plan of Arrangement, HPQ subsidiary, Beauce Gold Fields Inc (“BGF”) has closed the $550,000 private placement required for the listing on the TSX-Venture Exchange
  • Submitted to the Exchange the Listing Application (Form 2B) under the reserved stock symbol BGF

MONTREAL, Dec. 12, 2018 — HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to inform shareholders that, for the purpose of the execution of the Plan of Arrangement, HPQ subsidiary, Beauce Gold Fields Inc (“BGF”) has closed the $550,000 private placement required for the listing on the TSX-Venture Exchange (“Exchange”) and has submitted to the Exchange the Listing Application (Form 2B) under the reserved stock symbol BGF.

Once the Company receives satisfactory review of the Listing Application, it will set (in collaboration with the Exchange) the declaration date, record date, payment date of the distribution and finally, the listing date of BGF shares on the Venture Exchange.

Patrick Levasseur, President and CEO of HPQ Beauce Gold Fields subsidiary stated, “We are working closely with the Exchange to complete this listing process that will allow HPQ to unlock the full potential value of the Beauce Gold property through a fresh new entity starting with a tight capital structure.” Mr. Levasseur also stated  “The Beauce is Canada’s last underexplored historical placer mining camp. It’s similar to the placer to hard rock exploration projects in the Yukon or the Cariboo district in BC, that were both placer gold mining camps as well, but recently had major gold discoveries.  Combining our large claims holding in St-Simon-Les-Mines together with our increasing knowledge of the geology, we believe we have narrowed the search in exploring for a hard rock gold deposit”.

The Private Placement is for:

  1. 3,500,000 hard-cash units (HC Units) at the price of $0.10 per HC Unit for total of $350,000.00
  2. 1,666,666 flow-through units (FT Units) at the price of $0.12 per FT Unit for total of $200,000.00

Each HC Unit will be comprised of one common share and one common share purchase warrant of the Company to purchase one common share at the price of $0.15 per share. Each FT Unit will be comprised of one flow-through common share and one-half of one common share purchase warrant, with each full warrant allowing the holder to purchase one common share at the exercise price of $0.18 per share. The warrants are valid until December 15, 2020.

Patrick Levasseur, President and CEO of BGF, Lam Chan Tho, Director of BGF, through a wholly-owned company, 9228-6202 Québec Inc. and Ann Levasseur, Director of BGF have subscribed to 641,666 FT Units, 300,000 FT Units and 42,000 FT Units, respectively, representing an aggregate amount of $118,000

The participation of each of Patrick Levasseur, Lam Chan Tho (9228-6202 Québec Inc.) and Ann Levasseur 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 Directors does not exceed 25% of the Company’s market capitalization. The Private Placement, including Director’s participation, has been approved by the Board of Directors of the Company, with each of participating Directors abstaining with respect to their participation.

In connection with the placement, the company paid Finders’ fees as follows:

1) $2,400 to Leede John Gable Inc., and the issuance of 24,000 warrants entitling the Agent to purchase 24,000 common shares at a price of $0.15 per share for a period of 24 months until December 15, 2020; 2) $6,560 to Stephen Avenue Securities Inc. and the issuance of 40,000 warrants entitling the Agent to purchase 40,000 common shares at a price of $0.15 per share and 4,800 warrants entitling the Agent to purchase 4,800 common shares at a price of $0.18, for a period of 24 months until December 15, 2020; 3) the issuance to Falkenberg Holding Ltd and to Gathering Waters Ltd 8,000 warrants entitling the Agents to purchase 8,000 common shares at the price of $0.15 as well as 1,600 warrants entitling the Agents to purchase 1,600 common shares at the price of $0.18 for a period of 24 months until December 15, 2020;

About Beauce Gold Fields

BGF is a wholly owned subsidiary of HPQ Silicon into which HPQ gold assets were transferred.   Subject to approval by TSX-V, HPQ is in the process of listing BGF as a new public junior gold company, following the approval by shareholders during HPQ AGM held on Aug. 10, 2018, of the proposed terms of the plan of arrangement.

The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometre long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). Textural observations (angularity) of gold nuggets suggest a relatively proximal source and therefore a short transport distance. The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries.  The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s (see HPQ SEDAR-filed report).

Beauce Gold Fields website www.beaucegold.com

About HPQ Silicon

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

HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative PUREVAPTM “Quartz Reduction Reactors (QRR)”, a truly 2.0 Carbothermic process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the costs associated with the transformation of quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.

For further information contact

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

Shares outstanding: 222,284,053

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.

INTERVIEW: $HPQ.ca Silicon – The Emerging Low Cost Green #Solar #Silicon Metal Producer $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 9:31 AM on Thursday, November 29th, 2018

#Solar A ‘New Backbone’ of Global Power, Bodes Well For $HPQ.ca -Silicon Resources $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 6:13 PM on Wednesday, November 21st, 2018

SPONSOR: HPQ-Silicon Resources (HPQ:TSX-V) Exclusive global partnership puts HPQ-Silicon Resources in a position to turn Quartz project into lowest cost supplier to solar industry. Click Here For More Information

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Vattenfall has co-located solar and wind at the Parc Cynog site in Wales (pictured). Image: Vattenfall.

Solar stands to be a “new backbone” of the power sector as it cements its status as the world’s “dominant new build generation technology”, Vattenfall’s head of solar and battery storage has said.

Earlier this year the Swedish state-owned utility announced that it was to invest €100 million in European solar deployment over the next two years. That investment is to be predominantly made into utility-scale solar farms co-located with wind and/or storage due to the complementary nature of the technologies.

Speaking to Current±, Claus Wattendrup, head of solar and battery storage at Vattenfall, said the company feels that the “time is right” for solar as the technology is edging closer to grid parity in numerous markets.

“I see solar as a new backbone of the energy industry,” Wattendrup said, adding that continued price reductions in both the technology and other costs associated with deployment had resulted in the solar sector becoming a “different ball game” to how it was before.

And this maturation has resulted in other large energy incumbents – not just Vattenfall, but the likes of Shell and BP – picking up the PV mantle.

“It’s the price level, [solar] has been quite expensive and it has been small – just a few megawatts – and in the past our companies have thought mainly in gigawatts of conventional capacity. This paradigm was based on a mix of all kinds of different reasons,” Wattendrup said.

As this paradigm has shifted and solar deployed in the hundreds of megawatts, if not gigawatts, big energy majors have become increasingly attracted. Both BP and Shell have acquired stakes in developers – Europe’s Lightsource and US-based Silicon Ranch respectively – in order to increase their standing in the technology and its application.

Vattenfall considers that its experience in wind development lends it the necessary skillset to adapt to solar, but Wattendrup reserves particular criticism for any power player that doesn’t pick up PV.

“If you don’t manage [solar] as a serious player, you’re doing something wrong. Therefore everyone’s moving into this in a serious manner. There’s no greenwashing, this is serious,” he said.

Claus Wattendrup was speaking to Current± for a feature-length article published in this month’s edition of sister publication PV Tech Power, which can be read in full here.

Source: https://www.current-news.co.uk/news/solar-a-new-backbone-of-global-power-vattenfall-says

#Solar ‘charging ahead’ but ‘unprecedented’ investment action required, IEA warns $HPQ.ca

Posted by AGORACOM-JC at 10:15 AM on Wednesday, November 14th, 2018
  • Solar PV is “charging ahead” across the world as it outpaces other renewables, but far more significant action is required if a climate crisis is to be averted, the International Energy Agency (IEA) has warned
  • This morning the IEA has released this year’s edition of its World Energy Outlook (WEO), including a mix of worldwide energy trends and forecasts under different models and scenarios.

By Liam Stoker

Solar PV, the IEA has said, is “charging ahead” of other renewables in numerous markets and, alongside gas, is “re-shaping” the power sector entirely. IEA forecasts that solar PV capacity will overtake wind by 2025 and coal in the mid-2030s to become the second largest generation technology, behind only gas.

Such a surge in installed capacity is likely to have significant impacts on global generation mixes and, in turn, the entire power sector, thrusting huge importance on flexibility which the IEA has labelled the “new cornerstone” of electricity security.

The IEA has gone so far as to state that changes to the power mix will need to be addressed with “growing urgency” across the global, which will, in turn, require market reforms, more significant investments in national grids and more prolific adoption of demand-side response, smart metering and energy storage technologies.

But of a far starker nature are the agency’s warnings surrounding the pace of clean energy adoption, specifically if the world remains committed to limiting global warming to within two degrees.

In charting projections for electricity generation capacities and demand, the IEA has suggested there remains a significant gap between its forecasts and staying within those climate targets, requiring what the IEA has termed as a “systematic preference” for investments in sustainable energy technologies.

In simple terms, both developing and advanced economies can no longer invest in carbon-emitting power stations if the effects of climate change are to be limited to limited within two degrees.

Fatih Birol, executive director at the IEA, noted that with more than 70% of global energy investments set to be government-driven, the “world’s energy destiny” is intertwined with global politics.

“Crafting the right policies and proper incentives will be critical to meeting our common goals of securing energy supplies, reducing carbon emissions, improving air quality in urban centres, and expanding basic access to energy in Africa and elsewhere,” he said.

While the IEA’s absolute figures for solar power deployment have proven far too conservative in the past, the body has the ear of OECD governments adding weight to its overall message..

Source: https://www.pv-tech.org/news/solar-charging-ahead-but-unprecedented-investment-action-required-iea-warns

$HPQ.ca Comments on Unusual Stock Trading Activity; Provides Company Snapshot/Update

Posted by AGORACOM-JC at 2:47 PM on Thursday, November 8th, 2018

Hpq large

  • Management wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for this activity
  • Management knows of no reason that would give rise to such unusual trading and has no significant information to disclose which could lead to such activity

MONTREAL, Nov. 08, 2018 — HPQ Silicon Resources Inc (“HPQ”) (TSX Venture:HPQ)  (FRANKFURT:UGE) (OTC PINK:URAGF) announces that it has observed significant and unusual trading in its common stock in recent days.  Management wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for this activity. Management knows of no reason that would give rise to such unusual trading and has no significant information to disclose which could lead to such activity.

“We wish to reassure all of our stakeholders, and market participants, that the fundamentals of HPQ, in terms of activities previously reported on, as well as the progress being made thereon, are not only sound but are moving forward as expected” said Bernard Tourillon, President and CEO of HPQ Silicon. “As such, we wish to provide the following Company snapshot.”

  1. PUREVAP Gen2:
    • Yield testing phase completed
    • Awaiting final analysis results and report
    • Additional testing before Gen3 is operational mid-2019 possible
  2. PUREVAP Gen3 Pilot Plant:
    • Equipment assembly on schedule
    • Plant build-up on schedule
    • Permitting received for pilot plant operations
    • Patent applications progressing as expected
  3. HPQ Pilot Plant program still fully funded:
    • IQ $1,800,000, 5% and 5 years unsecure convertible debenture closed in August 2018 not affected by government changes in Quebec
    • $1,950,000 equity investment done at 100% premium to yesterday close not affected by recent market variation
    • $1,500,000 equity line of credit for potential project cost overrun not affected by recent market variation
    • HPQ still owns > 500,000 shares of PyroGenesis (PYR: TSX-V)
  4. HPQ – Beauce Gold Field Spin out:
    • Spin out on schedule to be completed
    • BGF “Placer to Hard Rock” potential well received
    • Demand for PP Financing strong, institutional participation, closing soon
    • Date of record will be established after financing closes
    • Investors selling before record date not entitled to receive BGF shares
    • As per plan of arrangement the HPQ ratio ≈ 4.80%, represent an 8% dividend yield based on yesterday close. (100,000 HPQ = 4,800 new shares of BGF)

HPQ lead technical partner and largest individual shareholder commented:

“From a technical perspective we cannot understand the recent decline in the value of the stock of HPQ,” said Peter Pascali CEO of PyroGenesis Inc. “I just want to confirm that should we see that there is no commercial outcome possible we would not continue pursuing this project. It would not make any sense. We have limited resources and as such we must not only dedicate this scarce commodity to profitable projects but to projects that have a future revenue stream. The longer we are on this project, the more we are de-risking it.  With our recent investment in HPQ and the Quebec Government’s support I cannot for the life of me understand the recent decline in the stock.  You can rest assured it is not from any undisclosed technical failure.”

Additional information on the Company is available on SEDAR at www.sedar.com.

About HPQ Silicon

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

HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative PUREVAPTM “Quartz Reduction Reactors (QRR)”, a truly 2.0 Carbothermic process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the costs associated with the transformation of quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact

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

Delivery of $HPQ.ca Gen3 PUREVAP™ QRR Furnace at PyroGenesis $PYR.ca Plant; Assembly Phase of Pilot Equipment Starting

Posted by AGORACOM-JC at 8:23 AM on Thursday, September 13th, 2018

Hpq large

  • PyroGenesis Canada Inc has taken delivery of the Gen3 PUREVAPTM “Quartz Reduction Reactor” (“QRR”) furnace, a key component of the pilot equipmen
  • Furthermore, HPQ has made another milestone payment of $561,600 to PyroGenesis.  Since August 2016, HPQ has invested $3,988,400 for the pilot equipment, representing 90% of the $4,430,000 design, fabrication and assembly budget

MONTREAL, Sept. 13, 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 taken delivery of the Gen3 PUREVAPTM “Quartz Reduction Reactor” (“QRR”) furnace, a key component of the pilot equipment. Furthermore, HPQ has made another milestone payment of $561,600 to PyroGenesis.  Since August 2016, HPQ has invested $3,988,400 for the pilot equipment, representing 90% of the $4,430,000 design, fabrication and assembly budget.  Delivery of the furnace marks the start of the assembly phase of the Pilot Plant in an HPQ – dedicated area at the production facility of PyroGenesis in Montréal.  The Pilot Plant assembly will be completed during Q1 2019, commissioned during Q2 2019 and operational mid – 2019, only 3 years after the original concept was validated.

VALIDATING COMMERCIAL SCALABILITY OF INNOVATION REQUIRES FOCUS AND FLEXIBILITY

The Pilot Plant will have an output capacity of 50 tonnes per year, or ~ 1,000 kg of material per week.  This step in the program is the single largest scaling up step and, once successful, will pave the way for the order of HPQ first commercial production unit, planned for 2020.

Using the data generated by the Gen2 PUREVAPTM tests and Apollon Solar technical knowhow, HPQ and PyroGenesis will continue to look for ways of optimizing our approach of validating the commercial scalability of the process while mitigating the technical and commercial risks associated with the project.

Bernard J. Tourillon, Chairman, President and CEO of HPQ Silicon stated, “We are very excited to move to this final stage of the PUREVAP™ QRR testing program.  Now that we have closed all necessary financings, we can focus efforts on the process improvements, scalability, seeking customers, and preparing for commercialization.  With these financings closed, our objective going forward will be delivering on the Gen3 PUREVAP™ Pilot Plant phase with our “Solar Silicon Team” as well as building market awareness of our progress, plans and success.”

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A’s Between Management and Shareholders.   https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion

About HPQ Silicon

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

HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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

 

Shares outstanding: 222, 284,053 

#HPQ Closes $ 5,250,000 Financing $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 3:33 PM on Tuesday, August 21st, 2018

Hpq large

  • Announced the closing of the previously announced financings totalling $ 5,250,000 with participation of the Quebec government
  • “Créativité Québec” program, via Investissement Québec (IQ), has subscribed to an unsecured Convertible Debenture for gross proceeds of $1,800,000
  • Net proceeds of  $1,713,622 was received by HPQ on August 20, 2018,

MONTREAL, Aug. 21, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to announce the closing of the previously announced financings totalling $ 5,250,000 with participation of the Quebec government, via its “Créativité Québec” program, and PyroGenesis Canada Inc. (“PyroGenesis”).

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Closing these financings, at more than a 40% premium to present market price, is a tangible validation that both the Quebec Government and PyroGenesis believe in the innovative potential of our PUREVAPtm QRR process.  With these financings earmarked for the completion of our pilot equipment project closed, our objective going forward will be delivering on the Gen3 PUREVAP™ Pilot Plant phase with our “Solar Silicon Team” as well as building market awareness of our progress, plans and success.”

$5,250,000 FINANCING SALIENT POINTS

The Quebec government, through its “Créativité Québec” program, via Investissement Québec (IQ), has subscribed to an unsecured Convertible Debenture for gross proceeds of $1,800,000.  Net proceeds of  $1,713,622 was received by HPQ on August 20, 2018, after deductions of filing studies fees and legal fees emanating from IQ lawyers for the due diligence review.

The 5-year Convertible Debenture matures on August 20, 2023 and bears interest at a rate of 5% per annum. The interest payment can be accrued, at the Company’s option, up to the term of the Debenture.  IQ will have the right, at anytime, to convert the Debenture into common shares of HPQ at a price of $0.12 per share.  IQ may also, at the date of the conversion of the capital into shares, convert the accrued interest payable in shares of HPQ, subject to the approval of the TSX-Venture and the conversion price for the payment of the accrued interest will be established in accordance with the policies of the TSX-Venture.

HPQ will be allowed to proceed with an early repayment of the Debenture, capital and accrued interest, 36 months after the issuance of the debenture, subject to the payment to IQ by HPQ of a redemption premium equal to a compounded annual return of 20% on the capital of the Debenture.

Concurrent to the issuance of the Debenture, HPQ issued to IQ 15,000,000 Warrants, each Warrant entitling IQ to purchase one common share of the capital stock of HPQ at an exercise price of $ 0.17, for a period of 36 months from the close.  The Debenture, the warrants and any stock issuance emanating from the Debenture and or warrant exercise will be subject to a holding period until December 20, 2018.

HPQ has closed the 16,250,000 units (“Unit”) at $0.12 per Unit private placement with PyroGenesis for a gross and net proceeds of $1,950,000.  Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company.  Each Warrant will entitle Pyrogenesis to purchase one common share of the capital stock of the Company at an exercise price of $ 0.17 for a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will be subject to a holding period until December 20, 2018.

The TSX venture exchange (TSX-V) has conditionally approved the $ 1,500,000 Equity Line of credit PyroGenesis has granted to HPQ.  The equity line of credit can only be used to cover unexpected project cost overruns that could potentially occur after then end of planned test period in 2019 until December 31, 2020.

To be acceptable under the terms of the Equity Line of Credit, Cost Overruns shall be considered as such by both Parties and approved before they are incurred.  Upon approval, HPQ must send a written thirty days (30) notice of it’s intent to drawdown the Equity Line of Credit to pay for the Cost Overruns.  Once the approved work is completed, PyroGenesis shall remit to HPQ an invoice covering the completed work and HPQ will organize the payment of the invoice by means of issuance of common shares of its capital stock, as prescribed by TSX Venture Exchange policies, for a number of shares totalling the amount of the applicable invoice at an issuance price equal to the share quote on the invoice date, less a ten percent (10%) discount.

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders.    https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion

About HPQ Silicon

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

HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-third (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for an end 2018 start.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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

INTERVIEW: $HPQ.ca Discusses $ 5.25M Financing + PUREVAP™ Process Update

Posted by AGORACOM-JC at 3:19 PM on Wednesday, August 15th, 2018

$HPQ.ca Secures $ 5,250,000 in Financing; the #PUREVAP™ Process is the Green Solution for the #Solar Industry

Posted by AGORACOM-JC at 9:42 AM on Monday, August 13th, 2018

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  • Announced the participation of the Quebec government, via its “Créativité Québec” program, and PyroGenesis Canada Inc. (“PyroGenesis”) in financings totalling $ 5,250,000
  • These financing, subject to certain conditions, will be earmarked toward the completion of the “Gen 3 PUREVAP™â€ pilot equipment project announced in August 2016

MONTREAL, Aug. 13, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) is pleased to announce the participation of the Quebec government, via its “Créativité Québec” program, and PyroGenesis Canada Inc. (“PyroGenesis”) in financings totalling $ 5,250,000.  These financing, subject to certain conditions, will be earmarked toward the completion of the “Gen 3 PUREVAP™â€ pilot equipment project announced in August 2016.

AN INNOVATIVE METALLURGICAL PROCESS DEVELOPED 100% IN QUEBEC

Since 2015, HPQ has invested, in Quebec, more than $ 5,500,000 towards the development, in partnership with PyroGenesis, of the PUREVAP™Â Â«Â Quartz Reduction Reactor » (“QRR”), an innovative and leading-edge metallurgical process that allows both the transformation and purification of quartz (SiO2) into high purity silicon metal (Si), in one step.   The process will allow a reduction, by a factor of at least two-third (2/3), of the steps presently required to transform quartz (SiO2) into Solar Grade Silicon Metal (SoG Si), the central ingredient in the transformation of the sun’s energy into electricity in photovoltaïques solar panels.

Thanks to theses new financings, dedicated to the project, HPQ, in collaboration with its technical partners, will now be able to dedicate its efforts and energies toward the fulfilment of the ambitious operational goals of the program, which are the commercial validation of the PUREVAP™Â QRR process and the production of Solar Grade Silicon Metal (SoG Si).

MAKING QUEBEC THE LEADER IN THE PRODUCTION OF GREEN SOLAR SILICON METAL

The PUREVAP™Â QRR capability of reducing by 96%1 the carbon footprint associated with the greenhouse gas (GHG) emanating from the production of solar grade silicon metal (SoG Si) presents HPQ with the unique opportunity of being able to resolve the biggest paradox of the solar energy: “It’s not because photovoltaïques solar panels do not emit CO2 (GHG) while producing electricity that solar energy is not a significant source of GHG.”2

Rather, seventy percent (70%) of the GHG generated when building a new solar farm3 comes from the production of the Solar Grade Silicon Metal (SoG Si) needed for the fabrication of the solar panels.  Manufacturing SoG Si in China, the world largest producer, generates an astounding 141 kg of CO2 per Kg of SoG Si produced.  In Germany, that ratio is reduced to 87.7 kg CO2 per Kg of SoG Si produced.  Using the PUREVAP™Â QRR process in Quebec should only produce 5.4 kg CO2 per Kg de SoG Si produced.1

Using the Hydro-Quebec stated goal of building a new 100 MW solar farm in the province as benchmark, it is easy to demonstrate that if the solar cells needed to build the solar farm are produced in China, it would represent an import of 56,540 tonnes of GHG (CO2) for the Province of Quebec. If the solar cells are produced in Germany, it would represent an import of 35,090 tonnes of CO2 for the Province. However, if the solar cells needed for Hydro-Quebec were produced in Quebec using the PUREVAP™Â QRR process, only 2,154 tonnes of CO2 would be produced. 1

Using an SoG Si produced with the PUREVAP™Â QRR process, in Québec, would reduce the CO2 Carbon Footprint of the Hydro-Quebec solar project by 54,336 tonnes, compared to using an SoG Si produced in China, which is the equivalent amount of GHG produced by 11,635 cars operating during one year4.

$5,250,000 FINANCING SALIENT POINTS

The Quebec government, through its “Créativité Québec” program, will be participating, via Investissement Québec (IQ), with a subscription of $1,800,000 in an unsecured Convertible Debenture.  The disbursement of this financial aid is subject to certain conditions.

The Convertible Debenture has a 5-year (60 months) term, bearing interest at a rate of 5% per annum, and the interest payment can be accrued, at the Company’s option, up to the term of the Debenture.  IQ will have the right, at anytime, to convert the Debenture into common shares of HPQ at a price of $0.12 per share.  HPQ will be allowed to proceed with an early repayment of the Debenture, capital and accrued interest, 36 months after the issuance of the debenture, subject to the payment to IQ by HPQ of a redemption premium equal to a compounded annual return of 20% on the capital of the Debenture.   Finally, HPQ will be issuing to IQ 15,000,000 Warrants, each Warrant entitling IQ to purchase one common share of the capital stock of HPQ at an exercise price of $ 0.17, for a period of 36 months from the close.  IQ may also, at the date of the conversion of the capital into shares, convert the accrued interest payable in shares of HPQ, subject to the approval of the TSX-Venture and the conversion price for the payment of the accrued interest will be established in accordance with the policies of the TSX-Venture (TSX.V).

PyroGenesis, for its part, has closed a private placement in HPQ of 16,250,000 units (“Unit”) at $0.12 per Unit for a gross proceeds of up to $1,950,000.  Each Unit is comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company.  Each Warrant will entitle Pyrogenesis to purchase one common share of the capital stock of the Company at an exercise price of $ 0.17 for a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month and one (1) day holding period from the date of closing of the placement.

Upon approval from the TSX venture exchange (TSX-V), PyroGenesis will grant HPQ an Equity Line of credit of $ 1,500,000.  The equity line of credit can only be used to cover un-expected project cost overruns that could potentially occur after then end of planned test period in 2019 until December 31, 2020.

To be acceptable under the terms of the Equity Line of Credit, Cost Overruns shall be considered as such by both Parties and approved before they are incurred.  Upon approval, HPQ must send a written thirty days (30) notice of it’s intent to drawdown the Equity Line of Credit to pay for the Cost Overruns.  Once the approved work is completed, PyroGenesis shall remit to HPQ an invoice covering the completed work and HPQ will organize the payment of the invoice by mean of issuance of common shares of its capital stock, as prescribed by TSX Venture Exchange policies, for a number of shares totalling the amount of the applicable invoice at an issuance price equal to the share quote on the invoice date, less a ten percent (10%) discount.

HPQ has already received conditional approval from the TSX Venture exchange (TSX-V) for the issuance of the $1,800,000 Convertible Debenture and associated warrants and for the $ 1,950,000 private placement. Only the Equity Line of Credit requires the approval of the TSX Venture exchange (TSX-V).

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated “Closing these financings, with both the Quebec Government and PyroGenesis taking such active participation in our Company, is a key moment for HPQ.  This is another external demonstration that our PUREVAP™Â QRR process, emanating from our strong and mutually beneficial relationship with PyroGenesis, has all the earmarks to become a transformative project.  We are very happy to have received such a strong vote of confidence and believe that everything is (oops!) falling into place to make our project a great success.”

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 PUREVAP™Â â€œQuartz Reduction Reactors (QRR)” process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-third (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for an end 2018 start.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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

Shares outstanding: 202 665 807

Gen2 PUREVAP Tests Restarting, Early Warrant Exercise Program Results $HPQ.ca $FSLR $SPWR $CSIQ $PYR.ca $XMG.ca

Posted by AGORACOM-JC at 7:48 AM on Thursday, July 19th, 2018

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  • Completed a scheduled audit of the Gen2 PUREVAP™ equipment for wear and tear following the first 14 tests of our ongoing Commercial Scalability Proof of Concept testing program
  • Audit helped identify critical operational parameters for the Gen3 PUREVAP™ pilot equipment and allowed the evaluation of additional design modifications that could be implemented for further tests using the Gen2 PUREVAP™

MONTREAL, July 19, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture:HPQ) is pleased to notify shareholders that PyroGenesis Canada Inc (“PyroGenesis”) (TSX Venture: PYR) has completed a scheduled audit of the Gen2 PUREVAP™ equipment for wear and tear following the first 14 tests of our ongoing Commercial Scalability Proof of Concept testing program. The audit helped identify critical operational parameters for the Gen3 PUREVAP™ pilot equipment and allowed the evaluation of additional design modifications that could be implemented for further tests using the Gen2 PUREVAP™.

Gen2 PUREVAP™ TESTING RESTARTING

The Gen2 PUREVAP™ equipment having been refurbished, re-assembled and incorporating the latest design modifications, is now ready to start a new series of at least 8 additional tests focused on:

  • Increasing the Yield1 and the Production Yield2 of the Gen2 PUREVAP™ above test #14 results;
  • Testing the Purity of the Si produced using ICP-OES3 from both our low purity feed stock (98.84% SiO2) and specifically sourced ultra high purity feed stock (> 99.9% SiO2);
  • Finding the optimum operation conditions for the Gen2 PUREVAP™ and gaining information about future Gen3 PUREVAP™ operation.

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated, “Our Gen2 PUREVAP™ testing program has successfully pushed the project from the lab to a semi-industrial scale. We have leaned a lot and our data driven, empirical and methodical approach is de-risking our project as we move toward demonstrating to industry participants the commercial scalability of our PUREVAP™ QRR process and its unique capacity of converting quartz into Si, while simultaneously increasing its purity toward the purity required for the solar industry. Our objective for 2018 continues to be building on our technical successes as we get ready to commence the Gen3 PUREVAP™ Pilot Equipment phase with our “Solar Silicon Team” of Pyrogenesis and Apollon Solar, as well as, building market awareness of our progress and plans.”

EARLY WARRANT EXERCISE INCENTIVE RESULTS

On June 13, 2018, HPQ announced its intention to implement a warrant exercise incentive program between June 18, 2018 and July 17, 2018 in order to encourage the early exercise of up to 6,674,600 out of the 12,305,000 of its outstanding unlisted 7 cents warrants. At the close of the period the Corporation is happy to announce that 4,152,000 (62%) of the eligible outstanding unlisted 7 cents warrants were exercised and that the Corporation received $290,640 in gross proceeds. The 2,522,6000 eligible warrants that were not exercised during the early exercise period remain outstanding and continue to be exercisable for shares of the company on their current terms.

As a result of the early exercise program, the company will be issuing 4,152,000 share purchase warrants entitling the holder to purchase one additional share of HPQ for a period of 18 months from the date of issuance at a price of 17 cents, subject to a four-month hold period from the date of issuance. The warrants issued under the incentive program are subject to the receipt of all regulatory approvals, including the final approval of the TSX-V.

HPQ CHAIRMAN AND CEO INCREASED HIS HOLDING IN HPQ SILICON

Bernard Tourillon, HPQ Chairman and CEO used the early warrants exercised to invest $50,050 in HPQ and increase his holding by 715,000 shares and 665,000 share purchase warrants, entitling the purchase one additional share of HPQ for a period of 18 months from the date of issuance at a price of 17 cents in accordance with the incentive warrant exercise program.

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

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders. https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion

About HPQ Silicon

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

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

Disclaimers:
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Shares outstanding: 202,665,807

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