PyroGenesis Canada Inc.
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HPQ Silicon Reinstated for Trading
Globenewswire· 2025-05-16 20:56
Core Points - HPQ Silicon Inc. has announced the reinstatement of trading in its securities effective May 20, 2025, following the resolution of a Cease Trade Order issued by the Autorité des marchés financiers (AMF) [1][4][5] - The AMF lifted the Cease Trade Order after reviewing HPQ's audited annual financial statements for the year ended December 31, 2024, and found no material discrepancies [4][5] - The TSX Venture Exchange confirmed that HPQ meets the listing requirements for a Tier 2 technology issuer, changing its classification from Tier 1 to Tier 2 [5] Company Developments - HPQ Silicon is focused on developing next-generation processes for advanced material manufacturing, particularly in green technologies [1][7] - The company is working on five key pillars, including the production of fumed silica, silicon-based anode materials for batteries, low carbon hydrogen production, transforming black aluminum dross, and high purity silicon production [8]
HPQ Silicon has Submitted Response Letter to the Autorité des Marchés Financiers (AMF)
Globenewswire· 2025-05-06 13:24
Core Points - HPQ Silicon Inc. has filed a formal response to the Autorité des marchés financiers (AMF) regarding clarification requests, which is a significant step towards lifting the Temporary Cease Trade Order (CTO) [1] - The company confirms that there are no ongoing proceedings against it and that all material information has been disclosed [2] - An amendment to the shareholders' agreement with Novacium has been signed, increasing monthly payments from €80,000 to €100,000 effective July 1, 2025 [3] Company Overview - HPQ Silicon Inc. is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer focused on developing green processes for critical materials to achieve net zero emissions [4] - The company is collaborating with technology partners PyroGenesis Canada Inc. and NOVACIUM SAS to advance its initiatives [4] Strategic Initiatives - The company aims to become a low-cost manufacturer of Fumed Silica using its proprietary FUMED SILICA REACTOR technology [6] - HPQ Silicon is working on producing silicon-based anode materials for battery applications with NOVACIUM SAS [6] - The company is developing a low carbon, chemical-based hydrogen production system through its affiliate NOVACIUM SAS [6] - HPQ Silicon is also focused on transforming black aluminium dross into a valuable resource [6] - The company plans to produce High Purity Silicon (2N+ to 4N) with zero CO2 emissions using its PUREVAP "Quartz Reduction Reactors" technology [6]
HPQ Files Annual Financial Disclosure
Globenewswire· 2025-05-02 23:42
Core Viewpoint - HPQ Silicon Inc. has filed its audited annual financial statements and related documents for the fiscal year ended December 31, 2024, and is now focusing on addressing inquiries from the Quebec regulatory authority to lift a temporary trading halt [1][2]. Group 1: Company Developments - The Required Filing was completed in French to comply with the regulations of Quebec's L'Autorité des Marchés Financiers (AMF), with an English version to follow [2]. - The company confirms that there are no ongoing legal proceedings against it and that all material information has been disclosed [3]. Group 2: Company Overview - HPQ Silicon Inc. is a Quebec-based Tier 1 Industrial Issuer on the TSX Venture Exchange, focusing on developing green processes for critical materials to achieve net zero emissions [4]. - The company collaborates with technology partners PyroGenesis Canada Inc. and NOVACIUM SAS to advance its initiatives [4]. Group 3: Strategic Pillars - HPQ aims to become a low-cost manufacturer of Fumed Silica using its proprietary FUMED SILICA REACTOR technology [6]. - The company is working on producing silicon-based anode materials for battery applications with NOVACIUM SAS's assistance [6]. - An affiliate of HPQ, NOVACIUM SAS, is developing a low carbon, chemical-based hydrogen production system [6]. - Another initiative involves transforming black aluminum dross into a valuable resource [6]. - HPQ is also focused on becoming a zero CO2 producer of High Purity Silicon using its PUREVAP "Quartz Reduction Reactors" technology [6].
HPQ Late Filing of Annual Financial Disclosure
GlobeNewswire News Room· 2025-04-30 20:20
Core Points - HPQ Silicon Inc. has announced a delay in filing its audited annual financial statements for the year ended December 31, 2024, beyond the April 30, 2025 deadline, resulting in a default of obligations under National Instrument 51-102 [1] - The delay is attributed to a change of auditors, with the new auditor requiring additional time to review historical contractual arrangements and their impact on financial statements [2] - The review is further necessitated by inquiries from L'Autorité des Marchés Financiers (AMF), and the auditor will assist in consolidating responses to both the AMF and the financial statements [3] - The company expects to submit the required filings by May 6, 2025, aligning with the AMF's deadline for its queries [4] Company Overview - HPQ Silicon Inc. is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer focused on developing next-generation processes for advanced material manufacturing [5] - The company aims to become a low-cost manufacturer of Fumed Silica using proprietary technology and is supported by technology partners PyroGenesis Canada Inc. and NOVACIUM SAS [5][6] - HPQ is also working on producing silicon-based anode materials for battery applications and developing a low carbon, chemical-based hydrogen production system [6] - Additionally, the company is focused on transforming black aluminum dross into a valuable resource and aims to produce High Purity Silicon using its PUREVAP™ technology [7]
Novacium to Present New Black Dross Recycling Process at ENSURE 2025 in Houston
Globenewswire· 2025-04-23 11:30
Core Insights - HPQ Silicon Inc. and its affiliate Novacium have been recognized for their innovative research in sustainable waste management, specifically in aluminum recycling, as they prepare to present at the ENSURE 2025 conference [1][2][3] Company Overview - HPQ Silicon Inc. is a Quebec-based technology company focused on developing next-generation processes for advanced material manufacturing, particularly in green technologies [1][8] - Novacium, a green technology startup affiliated with HPQ, specializes in research and development in renewable energy and waste management [7][8] Research and Development - Novacium will present its findings on "Closing the Aluminum Loop: An Innovative Process for Black Dross Valorization" at ENSURE 2025, showcasing its Waste-to-Energy (W2E) project [2][4] - The proprietary hydrometallurgical process developed by Novacium neutralizes toxic black dross while producing green hydrogen and recovering usable solids, demonstrating improved safety and efficiency compared to traditional methods [5][6] Conference Details - ENSURE 2025 is organized by the United Scientific Group and aims to foster dialogue among scientists, industry experts, and policymakers on environmental sustainability and circular economy models [3][4] - The conference will address various themes related to emerging technologies and regulatory strategies in sustainability [3][4] Strategic Goals - HPQ Silicon aims to become a low-cost manufacturer of fumed silica and silicon-based anode materials for battery applications, leveraging partnerships with technology leaders [8][10] - The company is focused on developing processes that contribute to net-zero emissions and sustainable resource recovery [8][11]
HPQ’s Statement on U.S. - Canada Tariff Situation, Reinforces Case for Domestic Fumed Silica Production
Globenewswire· 2025-03-12 15:30
Core Viewpoint - HPQ Silicon Inc. plans to commence commercial production of fumed silica by Q4 2025, positioning itself as Canada's first domestic supplier of this critical material, amidst rising tariffs and supply chain disruptions [1][3][4]. Company Developments - HPQ, through its subsidiary HPQ Silica Polvere Inc. (HSPI), is advancing the development of its Fumed Silica Reactor (FSR) system, with the pilot plant optimizing operations to increase production capacity from 20–30 kg per batch to over 480 kg per day [2][11]. - The pilot plant successfully produced its first batch of fumed silica in late February 2025, marking a significant milestone in the commercialization of its technology [10]. Market Context - The global fumed silica market was valued at approximately US $2.0 billion in 2024 and is projected to grow to over US $3.4 billion by 2034, driven by demand in sectors such as renewable energy and electric vehicles [6]. - The U.S. and Canadian fumed silica market is valued at approximately US $411 million in 2024, with expectations to reach over US $587 million by 2034 [6]. Industry Challenges - Canada currently lacks domestic production capacity for fumed silica, relying on imports of 20,000 to 24,000 tonnes annually, costing around US $200 million per year [7]. - The introduction of new tariffs is expected to increase the cost of imported fumed silica by 25%, impacting key Canadian industries including automotive and construction [7]. Technological Advancements - HPQ's Fumed Silica Reactor technology offers a low-capex, low-opex, and energy-efficient production method, consuming only 8 to 12 kWh per kg compared to traditional methods that require 100 to 120 kWh per kg [8]. - The FSR system is designed to be modular and scalable, with an initial production target of at least 1,000 metric tons per year, aiming to meet Canada's full market demand [13]. Strategic Goals - The company aims to establish a reliable domestic supply of fumed silica, reducing reliance on U.S. imports and enhancing the resilience of Canadian manufacturers against trade policy fluctuations [4][14]. - HPQ's long-term vision includes creating a self-sufficient supply chain for critical materials, thereby improving Canada's global competitiveness [14].