- HPQ Silicon (TSXV:HPQ), a battery materials stock, signed a memorandum of understanding with a German industrial and chemical manufacturer on November 24, 2024
- The parties will evaluate the feasibility of a production facility based on HPQ’s Purevap silicon-based anode material technology
- HPQ Silicon is a Canadian battery materials stock focused on producing the critical materials needed to reach net-zero emissions
- HPQ Silicon stock has added 18.18 per cent year-over-year and 225 per cent since 2019
HPQ Silicon (TSXV:HPQ), a battery materials stock, signed a memorandum of understanding (MOU) with a German industrial and chemical manufacturer on November 24, 2024.
The client, which boasts over 50 years of experience, seeks to upgrade its manufacturing capabilities by integrating HPQ’s Purevap silicon-based anode material technology.
HPQ and its partner Novacium will work from the client’s industrial park, perform technical due diligence to design, build and operate a potential production facility, and validate the project’s feasibility through an engineering, procurement and construction partner. The collaboration is subject to a definitive agreement once all planning phases are finalized.
According to Tuesday’s news release, European demand for battery materials is expected to require between 100,000 and 300,000 tons of advanced silicon-based anode materials annually by 2030.
Leadership insights
“This MOU represents a significant milestone in our journey to transform silicon-based anode material production,” Bernard Tourillon, HPQ Silicon’s president and chief executive officer, said in a statement. “By combining HPQ’s advanced technologies with the extensive industrial expertise and infrastructure of our German partner, we are laying the foundation for a seamless transition from pilot plant to commercial-scale manufacturing.”
“This collaboration leverages our partner’s decades of industrial expertise and our access to a fully permitted site, significantly reducing the risks typically associated with scaling from development to production,” Tourillon added. “As Europe races to meet its growing battery material demands, this partnership positions the parties to play a pivotal role in securing a reliable, sustainable supply chain for advanced silicon-based anode materials.”
About HPQ Silicon
HPQ Silicon is a Canadian battery materials stock focused on producing the critical materials needed to reach net-zero emissions. The company’s efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications and on-demand hydrogen production.
HPQ Silicon stock (TSXV:HPQ) opened unchanged trading at C$0.26 per share. The stock has added 18.18 per cent year-over-year and 225 per cent since 2019.
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(Top photo of a battery with HPQ Silicon’s silicon anode material: HPQ Silicon)