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HPQ Silicon Inc V.HPQ

Alternate Symbol(s):  HPQFF

Chemicals Specialty Chemicals Gold
HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.


TSXV:HPQ - Post by User

HPQ Silicon Inc > What is the form of partership with Novacium?
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Comment by TOCKY8008on Aug 09, 2024 12:23am
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Post# 36170781

RE:RE:RE:RE:RE:RE:RE:RE:What is the form of partership with Novacium?

RE:RE:RE:RE:RE:RE:RE:RE:What is the form of partership with Novacium?Well,
The original share structure of Novacium puts HPQ at 20 % with one and only preferential share.
Now after rereading NR of  5 June 2024

Pre-Commissioning of Fumed Silica Reactor Pilot Plant Underway

Toward the end it says " The company announces that it has acquired rights lost in the Pact of Partners signed when the French company Novacium SAS was formed. The lost occurred following the Company failure to fulfill its commitment to increase its shareholding in Novacium as stipulated and provided for in the Pact of Partners, agreed and signed, with its three co-shareholders, within the granted deadlines." ...

So yes HPQ ownership of Novacium should be more than 20%.For now the details of this partnership are somewhat unknown. HPQ own the QRR and thus special  SIOX  producing "machine" as mentionned by Bernard.We should have more data in a not to distant future.

TOCKY8008


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