RE:SilicaThanks for that M139. This is a great, mutually beneficial partnership which will ensure HPQ has the supply to go forward.
Lachute, Qubec--(Newsfile Corp. - November 22, 2022) - Qubec Silica Resources Corp. (CSE: QTZ) ("QTZ" or the "Company") is pleased to announce that pilot plant testing has been successful in producing the required size and geometry specifications required for HPQ Silicon Inc.'s ("HPQ") PUREVAP technology. The Company plans on delivering a representative sample to HPQ in the coming weeks to ensure compatibility with the PUREVAP technology. If testing with the PUREVAP technology is successful, QTZ will process and deliver the remaining tonnage to HPQ as per the memorandum of understanding (MOU) described in the Company's September 14th news release.
"Our vision of being part of a local supply chain for the battery technology industry is one step closer to a reality." Stated Raymond Wladichuk, CEO of QTZ. From the Sept. 14 news release: HPQ represents an interesting potential future customer for QTZ. Under the terms of the MOU, QTZ will supply HPQ with silica materials that meet HPQ specifications and requirements for testing in HPQ GEN3 PUREVAPTM Quartz Reduction Reactor (QRR). Under the MOU, if the material provided by QTZ generates “finished products” that are commercially valid and usable by HPQ, the Parties will negotiate a definitive sourcing agreement. Either Party may terminate the MOU after twelve (12) months without any obligation or liability to the other party.
Raymond Wladichuk, CEO of Quebec Silica Resources Corp. states: “We are very excited to be providing HPQ with silica material for testing in their technology. We believe that HPQ and QTZ share the same values in terms of silica’s role in the new green economy.”
“HPQ’s value proposition is derived from harnessing the potential of its silicon and silica materials innovations: the manufacturing and commercializing of silicon, fumed silica and nanosilicon materials needed for an ever-evolving ESG compliant business environment. As we get closer to making commercial production plans, securing access to quartz feedstock for our silicon and silica projects becomes another much-needed check mark,” said Mr. Bernard Tourillon, President and CEO of HPQ Silicon Inc. “This MOU gives HPQ the opportunity to begin addressing quartz feedstock questions while focusing on developing its technologies, and QTZ focuses on developing its quartz resources. So, in effect, it enables both companies to use their limited but valuable resources efficiently — creating a WIN-WIN scenario."