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HPQ Silicon Resources Sources Raw Material Needed for Purevap™ Quartz Reduction Reactor Operations21.12.2021 | 21:17 Uhr | GlobeNewswire
MONTREAL, Dec. 21, 2021 - HPQ Silicon Resources Inc. ("HPQ" or the "Company") (TSX-V: HPQ) (OTCQX: HPQFF) (FWB: UGE), an innovative silicon solutions and technology development company, is pleased to inform shareholders that it has secured, with a Quebec-based supplier, the procurement, and January 2022 delivery, of the high purity quartz material needed to operate the GEN3 PUREVAPTM Quartz Reduction Reactor ("QRR") Pilot Plant. HPQ is also please to inform shareholders that technology provider, PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), has informed HPQ that, taken into consideration the latest delays related to COVID-19 restriction implemented by the Quebec Government, the commissioning of the GEN3 PUREVAPTM QRR will be completed during Q1 2022, and that shortly after that the pilot plant will be operational. ONE STEP CLOSER TO VALIDATING PUREVAPTM QRR GAME CHANGING ADVANTAGES Si MARKET IN DEFICIT, PRICES SOARING, NEW GREENFIELD DEVELOPMENTS NEEDED2 https://www.globenewswire.com/NewsRoom/AttachmentNg/48484693-f083-47dd-93df-6b1c53e45e91 Figure 1) Silicon Metal pricing trends pre-Covid and now in the US and Europe, in relationship to the "HPQ has been at the forefront of Low-Cost Green Silicon innovation developments since 2015, and the up and coming start of the GEN3 PUREVAPTMQRR pilot plant, could not be occurring at a more opportune time, as demand continues to rise and bottlenecks we had foreseen are now occurring in the silicon supply chain. With ESG principles playing an active role in materials sourcing, the world is more aware of the difficulty of securing the ESG compliant Silicon needed to meet its renewable energy goals. The reality of chronic underinvestment in new technologies combined with the offshoring of Silicon production capacity, has created a massive opportunity for HPQ and its PUREVAPTM QRR patented process, as we are the only company to bring to market a new process to make Silicon that is perfectly suited to the new demands and realities of the Silicon market," said Mr. Bernard Tourillon, President and CEO of HPQ Silicon. Other Corporate news: Incentive stock option distribution About PyroGenesis Canada Inc. About HPQ Silicon Resources Silicon (Si), also known as silicon metal, is one of today's key strategic materials needed for the decarbonization of the economy and the Renewable Energy Revolution ("RER"). However, silicon does not exist in its pure state and must be extracted from quartz (SiO2) in what has historically been a capital and energy-intensive process. With PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR), HPQ is developing:
HPQ is also a technology development company interested in developing hydrogen-based ventures, that could be complementary to the QRR efforts. Currently, HPQ is evaluating two different approaches to reach this goal, those being:
For more information, please visit HPQ Silicon web site. Disclaimers: The Corporation's interest in developing the PUREVAP™ QRR and any projected capital or operating cost savings associated with its development should not be construed as being related to the establishing the economic viability or technical feasibility of any of the Company's Quartz Projects. 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 ongoing filings with the security's 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. This News 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. Source: HPQ Silicon Resources Inc. For further information contact: ____________________ Dieser Artikel stammt von Rohstoff-Welt.de
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