Vancouver, British Columbia--(Newsfile Corp. - January 27, 2023) - Qubec Innovative Materials Corp. (CSE: QIMC) ("Qubec Innovative Materials" or the "Company") is pleased to announce that silica samples supplied to HPQ Silicon Inc. ("HPQ") have met the compatibility requirements for their partnership to progress as per the Memorandum of Understanding ("MOU") announced on September 14, 2022.
Under the terms of the MOU, QIMC will supply HPQ with silica materials that meet HPQ specifications and requirements for testing in HPQ's GEN3 PUREVAPTM Quartz Reduction Reactor ("QRR"). Both companies anticipate negotiating a definitive sourcing agreement once the material provided can produce a commercial-grade product. As announced on November 22, 2022, QIMC successfully launched Phase 1 of pilot plant testing at the Charlevoix Silica Project with the goal of producing high grade silica in line with HPQ's specifications. HPQ is currently testing and refining its process as they work toward planning and developing their first commercial scale plant. QIMC and HPQ continue to advance their respective projects in tandem as they work toward the sustainable development of a new green economy.
Raymond Wladichuk, CEO of QIMC, commented, "A future definitive agreement between QIMC and HPQ would be mutually beneficial for both companies' pursuit for a green economy. We would be able to dramatically reduce our carbon footprint as we benefit from a local Qubec supply chain without compromising on quality."