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HPQ, PyroGenesis to complete commissioning this month

2022-04-05 15:40 ET - News Release

See News Release (C-HPQ) HPQ-Silicon Resources Inc

Mr. Bernard Tourillon of HPQ-Silicon reports

HPQ SILICON PUREVAP(TM) QUARTZ REDUCTION REACTOR UPDATE

HPQ-Silicon Resources Inc. would like to inform shareholders of advancement regarding the start of the Purevap quartz reduction reactor (QRR) pilot plant. Technology provider PyroGenesis Canada Inc. has informed HPQ that the Purevap QRR commissioning is about 95 per cent completed to date and that it expects the commissioning to be completed in a few weeks.

"Labour shortages with certain suppliers were the cause of having to push back the commissioning from the end of Q1 to the start of Q2. However, with all the remaining commissioning steps to be done in-house, the testing phase should start within the coming weeks," said P. Peter Pascali, chief executive officer and chair of PyroGenesis. "Rest assured that the delays experienced to date are normal for a project of this type and that this next milestone will complete the next step towards participating in a marketplace estimated by HPQ to be in excess of 3.8 million tonnes per year worth over $10-billion (U.S.) by 2025. We look forward to providing an update on progress within the next three to four weeks."

HPQ Purevap QRR pilot plant project about to enter its most exciting R&D (research and development) phase

With the Gen3 Purevap QRR pilot plant functional shortly, the project will be entering its final research and development phase, operating the pilot plant to test the system under operational conditions, and producing silicon material sought after by battery makers and high-value applications manufacturers.

Budgeted at $2.83-million and lasting up to 12 months, this final phase of the program will allow the validation and quantification of the following Purevap QRR disruptive advantages:

  1. That it can produce a higher-purity silicon material than any traditional processes in one step;
  2. That it does not require the extremely pure feedstock needed by conventional processes;
  3. That it only requires 4.5 million tonnes of raw material to make one million tonnes of silicon versus the six million tonnes required by conventional processes;
  4. That it does possess a significant cash cost advantage versus the lowest-cost traditional silicon producer.

"In the coming weeks, when the Purevap Gen3 QRR pilot plant is functional, HPQ will be disrupting silicon manufacturing, an industry that still relies on a traditional process to make silicon first developed in 1899. The start of the Gen3 Purevap QRR pilot plant could not have come at a more opportune time. Demand for high-purity silicon from the battery and high-performance material companies continues to rise just as bottlenecks we had foreseen are now occurring in the silicon supply chain. With ESG [environmental, social and governance] principles playing an active role in materials sourcing, the world is more aware of the difficulties 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 Purevap QRR patented process. HPQ is the only company to bring to market a new process for making silicon that is perfectly suited to the new demands and realities of the silicon market," said Bernard Tourillon, president and chief executive officer of HPQ-Silicon.

About PyroGenesis Canada Inc.

PyroGenesis Canada, a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional dirty processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion-dollar industry leaders in three massive markets: iron ore pelletization, aluminum, waste management and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800-square-metre and 2,940-square-metre R&D and manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997.

About HPQ-Silicon Resources Inc.

HPQ-Silicon Resources is a Quebec-based innovative silicon solutions company that offers silica-based (SiO2) and silicon-based (Si) solutions and is developing a unique portfolio of high-value-added silicon (Si) products sought after by battery and electric vehicle manufacturers. Silicon, 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.

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