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

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

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

Hub On AGORACOM / Corporate Profile / Watch Interview

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

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

Hpq_large

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

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

MONTREAL, QUEBEC–(Sept. 29, 2016) –

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

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

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

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

GENERAL SUMMARY OF RESULTS AND MAJOR MILESTONES

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

The key major milestones and results are as follows:

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

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

1 Press release dated June 29, 2016

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

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

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

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

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

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

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

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

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

PATHWAYS TO ATTAINING HIGHER PURITY

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

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

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

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

4 Best results from EAG Laboratories GDMS Analytical Report

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

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

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

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

Testing Methodology:

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

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

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

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

RECAP OF KEY MILESTONES REACHED TO DATE

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

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

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

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

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

8 Best results from EAG Laboratories GDMS Analytical Report

About HPQ Silicon

HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.

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

Summary of Recent Rapid Progress in Producing High Purity Silicon

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

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

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

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

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

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

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

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

High Purity Quartz Properties

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

Disclaimers:

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

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

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

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

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

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

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

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

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

Hpq_large

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

SPIN OFF AND DIVIDEND OF GOLD ASSETS

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

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

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

OTHER CORPORATE MATTERS

Shares For Services Program

In accordance with the agreement between HPQ-Silicon and AGORACOM (see Uragold press release July 18, 2014), extended by both Parties for an additional year, from July 15, 2016 to July 15, 2017 under the same terms and conditions, HPQ-Silicon Board has approved the issuance of 49,560 common shares at a deemed price of $0.285 per share for the outstanding debt of $14,125 for services rendered during the period from May 16, 2016 ending July 15, 2016.

Options distribution

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

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

Modification To Stock Option Plan

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

About HPQ Silicon

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

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

High Value Silicon Metal

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

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

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

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

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

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

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

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

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

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

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

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

A Green And Clean Company

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

High Purity Quartz Properties

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

Disclaimers:

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

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

For further information contact

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

Or

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

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

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

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

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

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

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

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

Lauri Ch

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

Half UK energy needs

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

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

Lauri chart 2

Coal use falls

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

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

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

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

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

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

Hpq_large

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

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

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

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

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

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

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

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

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

HPQ Silicon and PyroGenesis Minor Modification To Agreement

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

About HPQ Silicon

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

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

High Value Silicon Metal

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

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

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

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

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

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

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

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

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

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

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

A Green And Clean Company

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

High Purity Quartz Properties

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

Disclaimers:

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

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

Shares outstanding: 138,406,467

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

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

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

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

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

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

Hub On AGORACOM / Corporate Profile / Watch Interview

HPQ Silicon Appoints Industry Veteran Daryl Hodges To Board Of Directors $HPQ.ca

Posted by AGORACOM-JC at 11:54 AM on Thursday, August 4th, 2016

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  • Announced the appointment of Mr. Daryl Hodges to the Board of Directors
  • Mr. Hodges brings over 35 years of extensive capital markets experience and success on a global scale in the mining industry

August 4, 2016 / Montreal, Quebec, Canada – HPQ Silicon Resources Inc (“HPQ Silicon”) (TSX Venture: HPQ) (formerly Uragold) is pleased to announce the appointment of Mr. Daryl Hodges to the Board of Directors.

Mr. Hodges brings over 35 years of extensive capital markets experience and success on a global scale in the mining industry. He was a founding partner of Jennings Capital Inc. in 1999 and was integral in its growth to the 7th largest independent investment dealer in Canada. From 2003 – 2010, he was the Senior Managing Director and Head of Investment Banking. From 2010 – 2013, he served as Chief Executive Officer, President and Chairman of Jennings Capital, as well as Director of Jennings Capital (U.S.A.) Inc. Mr. Hodges is a geologist and currently serves as President of mining finance advisory firm, Ladykirk Capital Advisors.

About HPQ Silicon

HPQ Silicon Resources Inc (Formally Uragold Bay Resources) is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

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

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAPTM QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of HPQ Silicon Quartz into Solar Grade Purity Si.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPTM process to create high purity silicon metal exceeding 99.9% and that samples are to be sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.

HPQ Silicon, with its PUREVAP(TM) QVR process, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

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

The Science Behind the PUREVAP(TM) QVR Process Is Solid:

  • ooPlasma arc based process can and has transformed High Purity Quartz into Mg Si.
  • ooPlasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.
  • ooFinally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

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

A Green And Clean Company

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

High Purity Quartz Properties

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

Disclaimers:

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

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

For further information contact

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

Or

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

HPQ Silicon Resources Inc. (Formerly Uragold) – IIROC Trading Resumption $HPQ.ca

Posted by AGORACOM-JC at 9:40 AM on Tuesday, August 2nd, 2016

Hpq_large

VANCOUVER, Aug. 2, 2016 /CNW/ – Trading resumes in:

Company: HPQ Silicon Resources Inc.

TSX-Venture Symbol: HPQ

Resumption (ET): 10:00 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

IIROC Inquiries 1-877-442-4322 (Option 2) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.Copyright CNW Group 2016

HPQ Silicon (Formerly Uragold) Acquires Purevaptm Intellectual Property From PyroGenesis and Orders 200 Metric Ton Per Year Solar Grade Silicon Metal Pilot Plant $HPQ.ca

Posted by AGORACOM-JC at 9:04 AM on Tuesday, August 2nd, 2016

Hpq_large

  • Company to  acquire the intellectual property rights to the PUREVAPâ„¢ process as it relates exclusively to the production of silicon metal from quartz
  • Will purchase a 200 metric ton/year PUREVAPâ„¢ Quartz Vaporization Reactor pilot system to produce solar grade silicon metal from HPQ Silicon quartz
  • Total Purchase Price to be paid by HPQ Silicon over the next 30 months for the PUREVAPTM QVR Pilot Plant and related Intellectual Property is CDN$8,260,000

HPQ Silicon Resources Inc (“HPQ Silicon”) (TSX Venture: HPQ) (formerly Uragold) is pleased to announce the completion of a major Agreement with PyroGenesis Canada Inc. (“PyroGenesis”) on July 29, 2016 as follows:

  1. HPQ Silicon will acquire the intellectual property rights to the PUREVAPâ„¢ process as it relates exclusively to the production of silicon metal from quartz. PyroGenesis will retain a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.
  2. HPQ Silicon will purchase a 200 metric ton/year PUREVAP™ Quartz Vaporization Reactor (“PUREVAPTM QVR”) pilot system to produce solar grade silicon metal from HPQ Silicon quartz.
  3. The total Purchase Price to be paid by HPQ Silicon over the next 30 months for the PUREVAPTM QVR Pilot Plant and related Intellectual Property is CDN$8,260,000. HPQ Silicon has already paid over CDN$1,000,000, or approximately 12% of the value of the agreement.  An additional CDN$300,000 will be paid through the immediate issuance of 1,363,636 Common shares of HPQ Silicon to PyroGenesis (subject to standard regulatory approval) and an additional CDN$190,000 was paid through a one million Units subscription made by HPQ Silicon in PyroGenesis latest private placement.

UNIFICATION OF TECHNOLOGY AND RESOURCES DRIVEN BY INDUSTRY FEEDBACK

On June 29, 2016, Lab scale testing demonstrated the ability of the PUREVAPTM process to produce high purity silicon metal greater than 99.9% (>3N) in just one step, using quartz from HPQ Silicon properties.

Upon achieving this milestone, it became clear to HPQ Silicon from discussions with industry professionals and government officials that unification of the PUREVAPTM Intellectual Property with the feedstock quartz under one corporate umbrella was necessary for future commercial and financing purposes.

Bernard J. Tourillon, Chairman and CEO of HPQ Silicon stated “Today marks a major milestone for HPQ Silicon and its shareholders. By unifying this fantastic technology under our brand and successfully scaling it up, we can accelerate our plan of becoming the cleanest, greenest and lowest cost vertically integrated producer of Solar Grade Silicon Metal in the world. Thanks to our great working relationship with PyroGenesis, combined with our ownership of the PUREVAP™ QVR intellectual property, HPQ Silicon is uniquely positioned to become an agent of change in the Solar Industry and beyond”.

With unification now having been completed, validating the scalability of the process becomes the next and most important priority of both HPQ Silicon and PyroGenesis. To this end, Pierre Carabin, Director of Engineering of PyroGenesis stated:

“We are very happy to be moving to the pilot scale with this process. Throughout PyroGenesis’ history, we have successfully taken new concepts from the lab to commercialization. As we have done with the US Navy, developing the PAWDS technology from lab scale to finally being specified in the design of the new US Aircraft Carriers, and more recently, with our Drosrite technology. We plan to systematically and successfully ramp up the PUREVAP™ process to full commercial scale. Once successful, we believe the PUREVAPTM process portends to be a game changing, and enabling, technology.”

FURTHER DETAILS PERTAINING TO PILOT PLANT

This agreement is for the design, fabrication, assembly, commissioning and testing of a 200 metric ton/year PUREVAP™ QVR pilot plant.  The design, fabrication and assembly period for the pilot plant is expected to take 12 to 16 months, after which the pilot plant will undergo a commissioning phase expected to last an additional 2 months, with a final testing period expected to last 10 months.  The pilot plant will initially be installed at PyroGenesis’ facility in Montreal, Canada, and upon completion of the testing period, the pilot plant will be relocated to a permanent production site, chosen by HPQ Silicon.

“The pilot system represents a significant milestone in our relationship with HPQ Silicon and demonstrates our commitment to the advancement of the PUREVAPTM project,” said P. Peter Pascali, President and CEO of PyroGenesis. “At PyroGenesis we believe in a conservative approach to development, and we only engage projects we feel have merit as well as a high probability of success.”

FURTHER DETAILS PERTAINING TO ACQUISITION OF INTELLECTUAL PROPERTY

PyroGenesis will retain a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.  Should PyroGenesis develop any other such application, HPQ Silicon shall have a right of first refusal in the event of any sale or otherwise disposal.  PyroGenesis will retain all royalty payments owed by HPQ Silicon under the previously disclosed development and exclusivity agreement for the development of the PUREVAPTM process, payments of which represent 10% of HPQ Silicon metal sales, with set minimums, but with royalty payments being waived for 2017.

A MANAGEABLE FINANCIAL COMMITMENT OVER THE NEXT 30 MONTHS

Total Purchase Price CDN$8,260,000 is divided as follow:

  • CDN$1,000,000 for the purchase of the related Intellectual Property;
  • CDN$4,430,000 for the design, fabrication, assembly, commissioning and testing;
  • CDN$520,000 for the commissioning of the pilot system; and
  • CDN$2,310,000 for testing and operating the pilot system during 10 months.

In addition to having sufficient liquidity, thanks to ongoing warrant exercise, as well as having made a $CDN1 Million payment to PyroGenesis, HPQ Silicon management deems the cash calls associated with the agreement a manageable risk for the following reasons:

  • The signature of the agreement and the stage of work with Pyrogenesis now render the project eligible for government funding programs (Provincial and Federal) that could cover up to 80% of the cost associated with the Pilot Plant.
  • Over CDN$5,000,000 worth of warrants are in the money, a majority of which controlled by Insiders and key investors,
    • With regards to this, investors are advised that Insiders may decide to exercise warrants over the next 30 months to meet cash call needs related to this project.
  • Availability of previously announced convertible debt financing of CDN$1,750,000;
  • The acquisition of PUREVAPTM Intellectual property opens up additional options for financing as many investors have demonstrated a reluctance to invest in the Company while it did not have direct control over the key intellectual property supporting its business plan.

PROJECTED CASH CALL FOR THE REMAINDER OF 2016 OF CDN$3,393,600

The CDN$1,000,000 the purchase of the related Intellectual Property has already been completed.

Of the remaining CDN$2,393,600, CDN$300,000 will be paid through the immediate issuance of 1,363,636 common shares of HPQ Silicon to PyroGenesis (subject to standard regulatory approval). An additional CDN$190,000 was paid through 1,000,000 Units subscription made by HPQ Silicon in PyroGenesis latest private placement.

As such, the balance of payments to PyroGenesis for the remainder of 2016 is just CDN$1,900,000.

The projected cash call for 2017 is projected at CDN$2,296,000.  The projected cash call for 2018 is projected at CDN$2,570,000

About HPQ Silicon

HPQ Silicon Resources Inc (Formally Uragold Bay Resources) is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

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

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QVR process have demonstrated that it can transform high purity quartz into silicon metal.  The PUREVAPTM QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of HPQ Silicon Quartz into Solar Grade Purity Si.

On June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPTM process to create high purity silicon metal exceeding 99.9% and that samples are to be sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.

HPQ Silicon, with its worldwide exclusive usage of PyroGenesis’ PUREVAP™ QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

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

The Science Behind PyroGenesis PUREVAPâ„¢ QVR Process Is Solid:

  • Plasma arc based process can and has transformed High Purity Quartz into Mg Si.
  • Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.
  • Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

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

A Green And Clean Company

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

High Purity Quartz Properties

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

Disclaimers:

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

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

For further information contact

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

Or

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

HPQ-Silicon Resources Inc. (Formerly Uragold) Halted Pending News $HPQ.ca

Posted by AGORACOM-JC at 1:34 PM on Friday, July 29th, 2016

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Vancouver, British Columbia–(July 29, 2016) – The following issues have been halted by IIROC:

Company: HPQ-Silicon Resources Inc.
Reason: At the Request of the Company Pending News
Halt Time (ET) 13:06

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.