The two companies continue to advance major projects together toward commercialization
MONTREAL, April 10, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the "Company" or "PyroGenesis") that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce its block sale of 3,779,700 shares in HPQ Silicon Inc. ("HPQ") to P. Peter Pascali, President and CEO of PyroGenesis, for an aggregate purchase price of $661,447.50, representing a per share price of $0.175. The sale remains subject to TSX approval.
The transaction was approved unanimously by the board of directors of PyroGenesis with Mr. Pascali abstaining and will close immediately following receipt of regulatory approval.
"This sale will bring PyroGenesis an influx of cash on favourable terms," said Andre Mainella, Chief Financial Officer of PyroGenesis. "It also underscores the continued support of Mr. Pascali of PyroGenesis and HPQ."
The Company and HPQ are engaged in several long-term projects together, most notably the Fumed Silica Reactor (FSR) project and the PUREVAPTM Quartz Reduction Reactor (QRR) project.
The FSR project, being conducted in conjunction with HPQ Silica Polvere Inc. ("HPQ Polvere"), a wholly owned subsidiary of HPQ, is an initiative to create fumed silica from quartz in a single step. The QRR project is an initiative to create high purity silicon from quartz in a single step using a plasma reactor. For both projects, PyroGenesis is the exclusive supplier of the technology. For the FSR project, the Company benefits from a royalty payment representing 10% of HPQ Polvere's eventual sales, with set minimums. This royalty stream can, at any time, be converted by PyroGenesis into a 50% ownership in HPQ's remaining equity stake in HPQ Polvere.
Mr. Mainella added: "We are excited about what the future holds for the projects in development with HPQ. Together, we continue to develop what we believe represents ground-breaking approaches for producing in-demand materials for heavy industry. We look forward to continuing our fruitful collaborations with HPQ."
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer.
HPQ is developing, with the support of world-class technology partners PyroGenesis Canada Inc. and NOVACIUM SAS, new green processes crucial to make the critical materials needed to reach net zero emissions.
HPQ activities are centred around the following four (4) 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 zero CO2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our PUREVAPTM "Quartz Reduction Reactors" (QRR), 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.
HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system.
兩家公司繼續共同推進重大項目以實現商業化
蒙特利爾，2024年4月10日（GLOBE NEWSWIRE）——加拿大PyroGenesis公司（（多倫多證券交易所股票代碼：PYR）（OTCQX：PYRGF）（FRA：8PY）是一家設計、開發、製造和商業化旨在減少溫室氣體（GHG）和解決環境污染物的先進等離子體工藝和可持續解決方案的高科技公司（“公司” 或 “PyroGenesis”）欣然宣佈PyroGenesis總裁兼首席執行官P. Peter Pascali向HPQ Silicon Inc.（“HPQ”）出售3,779,700股股份，總收購價爲661,447.50美元，相當於每股股價爲0.175美元。此次出售仍需獲得多倫多證券交易所的批准。
該交易獲得了PyroGenesis董事會的一致批准，帕斯卡利投了棄權票，並將在獲得監管部門批准後立即結束。
PyroGenesis首席財務官安德烈·邁內拉表示：“此次出售將以優惠條件爲PyroGenesis帶來大量現金湧入。”“這也凸顯了PyroGenesis和HPQ的帕斯卡利先生的持續支持。”
該公司和HPQ共同參與了多個長期項目，最著名的是氣相二氧化硅反應器（FSR）項目和PUREVAPTM石英還原反應器（QRR）項目。
該FSR項目是與HPQ的全資子公司HPQ Silica Polvere Inc.（“HPQ Polvere”）聯合進行的，旨在通過一個步驟從石英中製造氣相二氧化硅。QRR項目是一項使用等離子體反應器在單個步驟中從石英中製造高純度硅的計劃。對於這兩個項目，PyroGenesis都是該技術的獨家供應商。對於FSR項目，該公司將獲得相當於HPQ Polvere最終銷售額的10％的特許權使用費，並設定了最低限額。PyroGenesis可以隨時將這種特許權使用費轉化爲HPQ在HPQ Polvere的剩餘股權的50％所有權。
Mainella先生補充說：“我們對與HPQ合作開發的項目的未來感到興奮。我們將繼續共同開發我們認爲具有開創性的方法，爲重工業生產需求旺盛的材料。我們期待繼續與HPQ進行富有成效的合作。”
關於 HPQ Silicon
HPQ Silicon Inc.（多倫多證券交易所股票代碼：HPQ）是一家總部位於魁北克的多倫多證券交易所風險交易所一級工業發行人。
在世界一流的技術合作夥伴加拿大PyroGenesis Inc.和NOVACIUM SAS的支持下，HPQ正在開發新的綠色工藝，這對於生產實現淨零排放所需的關鍵材料至關重要。
HPQ 活動圍繞以下四 (4) 個支柱展開：
使用氣相二氧化硅反應器成爲氣相二氧化硅的綠色低成本（資本支出和運營支出）製造商，氣相二氧化硅反應器是HPQ擁有的專有技術，由PyroGenesis爲HPQ開發。
使用我們的PUREVAPTM “石英還原反應器”（QRR），成爲零二氧化碳低成本（資本支出和運營支出）的高純度硅（2N+至4N）生產商，這是HPQ擁有的專有技術，由PyroGenesis爲HPQ開發。
在 NOVACIUM SAS 的協助下，成爲電池應用硅基陽極材料的生產商。
HPQ SILICON的子公司NOVACIUM SAS正在開發一種低碳、基於化學的按需高壓自主制氫系統。
