Core Viewpoint - PyroGenesis Inc. has addressed an incorrect online post made by a board member regarding the company's ongoing private placement, clarifying that the information about oversubscription is inaccurate and should be disregarded [2][4][5]. Group 1: Private Placement Details - The company announced a non-brokered private placement on October 1, 2025, with a potential funding of approximately $5 million [4]. - A board member's post incorrectly stated that the private placement had been oversubscribed, bringing in between $7.5 million to $8.0 million [3]. - The company confirmed that the private placement is not officially oversubscribed at this time, and the first tranche is expected to be completed in the upcoming week [5]. Group 2: Corporate Governance and Disclosure - PyroGenesis emphasizes its commitment to timely disclosure and corporate governance, stating that corrective actions have been taken following the incident [5]. - The board of directors has reviewed the situation in full to ensure proper governance practices are upheld [5]. Group 3: Company Overview - PyroGenesis leverages 30 years of plasma technology leadership to provide advanced engineering solutions across various industries, including energy, defense, and heavy industry [6]. - The company is ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [6]. - PyroGenesis' shares are traded on multiple stock exchanges, including TSX, OTCQX, and Frankfurt [6].

Core Viewpoint - PyroGenesis Inc. is set to complete a non-brokered private placement, with the CEO intending to invest approximately $4,000,000 in the first unit group of the offering [1][3]. Group 1: Private Placement Details - The private placement consists of two unit groups, with closings expected to occur in up to three tranches each [2]. - The first unit group involves the issuance of 6,666,665 units at a price of $0.63 per unit, aiming for gross proceeds of approximately $4,199,999 [7]. - Each unit in the first group includes one common share and one common share purchase warrant, with warrants allowing the purchase of one common share at $0.28 for 48 months [7]. - The second unit group will issue 4,000,000 units at a price of $0.20 per unit, targeting gross proceeds of around $800,000 [7]. - Each warrant in the second group permits the purchase of one common share at $0.40 for 24 months [7]. Group 2: Use of Proceeds - The proceeds from the private placement will be utilized for working capital and general corporate purposes [3]. Group 3: Company Overview - PyroGenesis Inc. specializes in advanced engineering solutions leveraging 30 years of plasma technology, serving industries such as energy, aerospace, and defense [5]. - The company is ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [5].

Core Insights - HPQ Silicon Inc. has completed its first industrial batches of high-performance lithium-ion battery cells using its proprietary GEN3 silicon-based anode technology, marking a significant step towards commercial deployment and market engagement [1][2][3] Production and Capacity - The company projects an annual production capacity of up to 1.5 million cells through its partnership with Novacium SAS, with pre-commercial production already underway [2] - The production of HPQ ENDURA+ cells is subcontracted to a large-scale battery manufacturer, allowing for immediate integration into existing high-throughput lines, thus providing scalability and a significant time-to-market advantage [3] Product Specifications - HPQ has finalized product specification sheets for both 18650 (4,000 mAh) and 21700 (6,000 mAh) battery formats, which can achieve up to 1,000 charge cycles and feature high energy density due to the GEN3 silicon-based anode technology [4] Market Positioning - Current comparable 18650 cells in the market offer lower energy densities (2,500 to 3,500 mAh) and shorter cycle lives (below 500 cycles), retailing between US$4.50 and US$8.00 per cell, positioning HPQ to capture significant market value with its higher-performance alternatives [5] Strategic Developments - The Board of Directors has authorized the extension of the exercise date for 2,107,318 outstanding share purchase warrants until November 23, 2027, with the exercise price remaining at $0.30 [6][7] Company Overview - HPQ Silicon Inc. focuses on innovation in advanced materials and critical process development, advancing next-generation silicon-based anode materials and commercializing its ENDURA+ lithium-ion cells [9][10] - The company aims to become a low-cost, zero-CO₂ producer of fumed silica and high-purity silicon, positioning itself to capture growth opportunities in energy storage and clean hydrogen markets [10]

Core Insights - PyroGenesis Inc. has made significant advancements in the performance of its fumed silica reactor pilot plant, moving closer to commercial readiness [1][3] - The August testing results indicate a marked improvement in surface area and purity levels of the fumed silica produced [2][4] Performance Improvements - The surface area of fumed silica increased from 26 m/g to 136 m/g, with a target of 300 m/g [2][4] - The total elimination of carbon impurity was achieved, reducing it from 0.32% to 0% [4][8] - The system produced 10 test batches in 50% less time compared to the previous test, demonstrating improved yield [8] Purity Enhancements - TiO2 levels decreased from 0.01% to 0.0025%, Al2O3 from 0.35% to 0.0422%, and Fe2O3 from 0.14% to 0.0339%, all moving towards commercial targets [8] - Increased SiO2 content reached 97.92%, up from 53.59%, aiming for over 99.5% [8] Market Context - Fumed silica is widely used in various industries, including cosmetics, pharmaceuticals, and construction materials, serving as a thickening and anti-caking agent [8][9] - PyroGenesis' development of fumed silica aligns with its Commodity Security & Optimization vertical, focusing on advanced material production techniques [9] Company Overview - PyroGenesis is a leader in advanced plasma processes and sustainable solutions, with operations certified under ISO 9001:2015 and AS9100D [10] - The company is publicly traded on multiple exchanges, including TSX and OTCQX [10]

Core Insights - PyroGenesis Inc. has made significant progress in the performance trials of its fumed silica reactor pilot plant, moving closer to commercial readiness [1][3] - The August testing results show a substantial increase in the specific surface area of fumed silica produced, from 26 m²/g to 136 m²/g, with a target of 300 m²/g [2][5] - The company has achieved a total elimination of carbon impurity in the fumed silica, now measured at 0%, down from previous tests [5][10] Testing Results - The surface area measurement increased by 3X from the previous test, now meeting the requirements for commercial grades 90 and 130, and entering the lower range of grade 150 [5][10] - The system produced 10 test batches in 50% less time compared to the previous test, indicating rapid progress in yield [10] - Purity levels have improved significantly, with TiO2, Al2O3, and Fe2O3 impurities reduced to within commercial targets [10] Industry and Market Context - PyroGenesis' development of fumed silica aligns with its three-vertical solution ecosystem, focusing on Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation [8] - Fumed silica is widely used in various industries, including cosmetics, pharmaceuticals, and construction materials, serving as a thickening and anti-caking agent [10] - The company has a 50% interest in HPQ Polvere Inc. and an exclusive arrangement to supply equipment for the commercialization of the fumed silica process [10]

Core Viewpoint - HPQ Silicon Inc. has successfully produced commercial-grade fumed silica with a surface area of 136 m²/g, more than triple previous results, validating its proprietary Fumed Silica Reactor process and aligning with commercial-grade benchmarks [1][2][3]. Group 1: Test Results and Performance - The recent Test 6 achieved a surface area of 136 m²/g, which is a 309% increase compared to the previous test, indicating significant process refinement [6]. - The achieved surface area meets the requirements for commercial grades 90 and 130, and enters the lower range of grade 150 fumed silica products [6]. - Carbon-based impurities were eliminated, resulting in a cleaner product, and SEM analysis confirmed the material's quality consistent with commercial-grade fumed silica [6]. Group 2: Future Plans and Market Position - The company aims to push surface area performance into the 200 m²/g range, targeting the high-demand segment of the commercial market [4]. - The successful demonstration of the Fumed Silica Reactor's capability to replicate lab-scale results at pilot scale is seen as a pivotal validation of both the process and the product [3]. - The company believes that the remaining challenges to commercialization are manageable, maintaining a strong pathway to market [4]. Group 3: Company Background and Strategic Initiatives - HPQ Silicon Inc. focuses on innovation in advanced materials and critical process development, including next-generation silicon-based anode materials and clean-hydrogen technologies [9][10]. - The company is pursuing proprietary technologies to become a low-cost, zero-CO₂ producer of fumed silica and high-purity silicon, positioning itself to capture growth opportunities in energy storage and advanced materials markets [10].

Company Overview - PyroGenesis Inc. is a high-tech company specializing in advanced all-electric plasma processes and sustainable solutions aimed at supporting heavy industry in energy transition, emission reduction, commodity security, and waste remediation [1][6] - The company has developed proprietary, patented plasma technologies that are being adopted by major industry players across four significant markets: iron ore pelletization, aluminum, waste management, and additive manufacturing [6] Recent Developments - PyroGenesis has signed a contract worth US$871,000 (CAD$1,198,000) with a European cement industry customer for the supply of a plasma torch system for a calcination furnace [1] - The delivery of the plasma torch system is targeted for Q1 2026 [2] Industry Context - The cement industry is facing a critical need to transition to lower-emission energy sources, as it accounts for approximately 7% of total GHG emissions and up to 9% of human-caused CO2 emissions globally [9] - About 40% of emissions in cement production stem from fossil fuel combustion required for the calcination process, which is a significant contributor to the industry's overall carbon footprint [3][9] - The Global Cement and Concrete Association aims for a 20% reduction in CO2 emissions per metric ton of cement and a 25% reduction per cubic meter of concrete by 2030, with a goal of complete decarbonization by 2050 [9] Strategic Impact - The integration of PyroGenesis' plasma torches into calcination furnaces is expected to support the cement industry's goals of reducing GHG emissions and producing cleaner, "greener" cement [2][4] - The transition to plasma-based heating offers a scalable, emission-free, and more efficient alternative to traditional fossil fuel-based heating methods, aligning with broader energy transition and decarbonization efforts across multiple heavy industries [9]

Core Insights - HPQ Silicon Inc. has successfully completed the first test in Phase 2 of its proprietary Fumed Silica Reactor pilot project, indicating progress in its technology development [1][4] Operational Highlights - Test 6 showed a 50% reduction in start-up time, enhancing overall process efficiency [3] - The throughput doubled compared to the previous test, with total material output increasing fivefold [3] - The results from Test 6 reinforce the scalability of HPQ's proprietary FSR process, supporting its transition to commercial-scale operations [3][4] Future Developments - The company is awaiting analysis results from two third-party laboratories regarding the material produced in Test 6 [2][4] - Further updates will be provided after the independent analysis results are reviewed [4] Financial Activities - HPQ Silicon has entered into a loan agreement for $150,000 with a related party to exercise 1,000,000 warrants of Quebec Innovative Materials Corp. at an exercise price of $0.15 per share [5][6] - The loan is unsecured, bears no interest, and may be converted into units of HPQ on the redemption date [6][7] Company Overview - HPQ Silicon is focused on innovation in advanced materials and critical process development, including next-generation silicon-based anode materials and clean-hydrogen technologies [10][11] - The company aims to become a low-cost, zero-CO₂ producer of fumed silica and high-purity silicon, positioning itself to capture growth opportunities in energy storage and advanced materials markets [11]

Completion of Technical Datasheets in Collaboration with Cell Manufacture MONTREAL, Aug. 14, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ("HPQ" or the "Company") (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in innovation in advanced materials and critical process development, announces the start of production of the first HPQ ENDURA+ cylindrical battery cells powered by Novacium's GEN3 silicon-based anode technology. This first batch, consisting of 18650 and 21700 cells, is schedule ...

Core Insights - PyroGenesis Inc. reported its Q2 2025 financial and operational results, highlighting significant milestones in its strategic objectives, including advancements in the commercialization of its fumed silica reactor process and achieving approved supplier status with a leading aerospace company for titanium metal powder [2][3][5]. Financial Highlights - Revenue for Q2 2025 was $3 million, a decrease of 23.6% compared to Q2 2024, with a net loss of $2.9 million and a modified EBITDA loss of $2.1 million [5][12][37]. - Gross margin improved to 56%, reflecting a 27-point (93%) year-over-year increase, driven by a favorable sales mix and operational efficiencies [5][17]. - The revenue backlog as of August 6, 2025, stood at $51.1 million, with 83% in U.S. dollars, indicating future revenue recognition potential [5][14]. Production and Sales Highlights - The company operates in three main business verticals: Energy Transition & Emission Reduction, Commodity Security & Optimization, and Waste Remediation, each contributing to its strategic goals [4][5]. - Significant projects included a $9.3 million coke-oven gas valorization project completed for Tata Steel, enhancing production efficiency and environmental outcomes [6]. - A contract worth approximately $600,000 was signed for developing a solution to address plastic waste in Europe, expanding the company's relationship with a major environmental services client [8]. Strategic Developments - The company is focused on cost optimization and innovation to enhance the efficiency of its plasma technologies, with ongoing discussions in various hard-to-abate industries such as steel, cement, and chemicals [2][5][41]. - The recent sale of a plasma torch to Constellium marks a significant step in the company's momentum within the aluminum sector, reflecting the growing interest in its technology for decarbonization efforts [2][5]. Research and Development - R&D costs for Q2 2025 were $0.4 million, an increase attributed to higher materials and equipment costs for prototype development [26][27]. - The company is engaged in multiple testing and development projects, including plasma-based solutions for glass recycling and metal manufacturing, indicating a strong pipeline for future commercialization [70][72]. Market Outlook - The company anticipates continued growth opportunities as heavy industries increasingly commit to electrification and carbon reduction initiatives, supported by favorable government policies [44][46]. - The strategic focus on a diversified technology ecosystem positions the company to address the evolving needs of various industries facing regulatory and operational challenges [45][56].