HPQ Silicon Resources Inc. (“HPQ” or the “Company”)
(TSX-V: HPQ) (OTCQX: HPQFF) (FWB: UGE), an
innovative silicon solutions company, through its wholly – owned
subsidiary HPQ Nano Silicon Powders inc (“HPQ NANO”), is pleased to
update its shareholders on the recent milestones achieved by the
Gen1 PUREVAPTM Nano Silicon Reactor (“NSiR”) process validation and
optimization tests. The ongoing tests are conducted by the
technology provider, PyroGenesis Canada Inc. (TSX: PYR)
(NASDAQ: PYR) (FRA: 8PY), as per the agreement announced
on August 18th, 2020.
PRODUCTION RATE:The Gen1
PUREVAPTM NSiR test bed, is a batch process system with an
originally targeted design output production rate of 30 kg/month of
nano silicon powders. The Gen1 NSiR recently achieved a production
rate equivalent to 50 kg/month of nano powders, a result that
exceeded the design output by 67%. The significance of this is
twofold:
- Expectation of greater throughput
than originally planned for the commercial tests,
- Expectation of reduced unit costs
and production costs as a result of increased throughput.
PRODUCTION RATE: KEY TO COMMERCIAL
VIABILITY OF NANO SILICON MATERIALSNSiR test bed work
results to date leads us to conclude that the Gen2 NSiR
semi-continuous proof of commercial scalability system will be able
to have an ultimate monthly increased production rate of 500
kg/month (or about 6 MT/year) of nano silicon powders or
nanowires. This is substantially greater than the
originally stated 300 kg/month (or about 3,5 MT/year) mentioned in
our press release dated August 18th, 2020.
“HPQ NANO Gen1 PUREVAPTM NSiR testing program is
moving forward, and we are very pleased that with each test
completed, we are reaching new operational milestones exceeding our
original expectations. With these new results, HPQ NANO is
confident that it can achieve the desired nano silicon material for
batteries which will be cost competitive with graphite”, said
Bernard Tourillon, President and CEO HPQ Silicon. “With the use of
silicon in batteries anodes expected to increase from less than 5%
today to over 30% by 20301 ,HPQ NANO is very well positioned to
become the nano silicon provider of choice for the industry. HPQ’s
silicon R&D consortium continues to strive for cost effective
ways of increasing the silicon contained in batteries.”
PROCESS VALIDATION AND OPTIMIZATION
TESTS ARE GENERATING VALUABLE DATA The ongoing tests are
crucial as they allow PyroGenesis to progress on the project while
identifying and resolving normal R&D issues systematically. The
main segments of the ongoing process validation and optimization
tests can be summarized as follows:
- Validation that the system can
produce < 150nm nano materials,
- Validation that the system can
reach its design production parameters, and
- Production of qualified
samples.
The ongoing tests have achieved significant
results and have generated extremely valuable information that will
be applied to future developments. Despite the difficulties of
operating under the stress of COVID-19, PyroGenesis’ team has
achieved outstanding results while maintaining strict and new
operating procedures to protect all of its staff from the effects
of the virus. In addition, several unexpected issues occurred
during the conversion of the Gen2 PUREVAPTM QRR reactor into the
Gen1 PUREVAPTM NSiR, which modeling and computer simulation did not
foresee. These were overcome by the professional team at
PyroGenesis. The results also demonstrated that our PUREVAPTM QRR
has a unique ability to produce a low-cost HPQ battery grade
silicon for less than commercially available metallurgical grade
silicon.
Since the start of the testing program, we have
demonstrated the following positive results from the PUREVAPTM NSiR
process:
- Production of nano silicon powders of less than 150 nm, the
threshold above which silicon fracturing occurs.
- Further efforts will focus on improved measures and control the
size distribution of our material, a critical criterion for battery
manufacturers.
- Production rate achieved exceeded the original goal.
- Continuous process improvements to further increase the
production capacity, and thereby reducing future commercial
production cost.
Once the final equipment modifications are
completed, the goal of the program will be to produce qualified
samples which will then be tested by a third-party, the Institut
National de Recherche Scientifique (INRS), and subsequently to
awaiting battery manufacturers and automobile manufacturers.
“As experts in successfully taking lab scale
concepts to commercialization, we can confirm that these results
not only demonstrate that we are on the right track but that the
project is progressing as expected.” said P. Peter Pascali,
President and CEO of PyroGenesis. “It is even more exciting when
one considers the impact this could have on addressing the
challenges facing the EV battery space. We are proud to be using
our plasma expertise in support of, and advancing, green
initiatives.”
About HPQ Silicon
HPQ Silicon Resources Inc. (TSX-V: HPQ) is
a Canadian Innovative Silicon Solutions Provider.
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”).
The target objective is to produce high value
speciality Silicon products using technologies that will reduce
energy consumption, GHG’s, and carbon footprint.
Working with PyroGenesis Canada Inc.
(TSX: PYR), a high-tech company that designs, develops,
manufactures and commercializes plasma - based processes, HPQ is
developing:
-
The PUREVAPTM “Quartz
Reduction Reactors” (QRR), an innovative process (patent
pending), which will permit the one step transformation of quartz
(SiO2) into high purity silicon (Si) at reduced costs, energy
input, and carbon footprint that will propagate its considerable
renewable energy potential.
-
HPQ believes it will become the lowest cost (Capex and Opex)
producer of silicon (Si) and high purity silicon metal (3N – 4N
Si).
-
Through its 100% owned subsidiary HPQ NANO Silicon Powders Inc, the
PUREVAPTM Nano Silicon
Reactor (NSiR), a new
proprietary process that can use different purities of silicon (Si)
as feedstock, to make a wide range of nano/micro spherical powders
of different sizes and nanowires.
-
HPQ believes it can also become the lowest cost manufacturer of
spherical Si nanopowders and silicon-based composites needed by
manufacturers of next-generation lithium-ion batteries.
-
During the coming months, spherical Si nanopowders and nanowires
silicon-based composite samples requested by industry participants
and research institutions’ will be produced using PUREVAPTM
SiNR.
About PyroGenesis Canada
Inc.
PyroGenesis Canada Inc., a high-tech company, is
a leader in the design, development, manufacture and
commercialization of advanced plasma processes and products. The
Company provides its engineering and manufacturing expertise and
its turnkey process equipment packages to customers in the defense,
metallurgical, mining, advanced materials (including 3D printing),
and environmental industries. With a team of experienced engineers,
scientists and technicians working out of its Montreal office and
its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis
maintains its competitive advantage by remaining at the forefront
of technology development and commercialization. The Company’s core
competencies allow PyroGenesis to provide innovative plasma
torches, plasma waste processes, high-temperature metallurgical
processes, and engineering services to the global marketplace.
PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified.
For more information, please visit www.pyrogenesis.com.
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.
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 on-going 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.
Source: HPQ Silicon Resources Inc.
For further information
contact: Bernard J. Tourillon, Chairman, President and CEO
Tel +1 (514) 907-1011Patrick Levasseur, Vice-President and COO Tel:
+1 (514) 262-9239Email: Info@hpqsilicon.com
_____________________________________1 Source Roskill.com
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