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
About HPQ Silicon Resources
Silicon (Si), also known as silicon metal, is one of today's key strategic materials needed for the decarbonization of the economy and the Renewable Energy Revolution ('RER'). However, silicon does not exist in its pure state and must be extracted from quartz (SiO2) in what has historically been a capital and energy-intensive process.
HPQ is the only company bringing to market a new process for manufacturing Silicon that is perfectly suited to the new demands and realities of today's Silicon market. With ESG principles playing an active role in materials sourcing and with recent geopolitical unrest emphasizing the need for stable trade partners and supply security, global corporations are becoming more aware of the difficulties in securing the ESG-compliant Silicon needed to meet their renewable energy agenda.
The reality of chronic underinvestment in new technologies combined with the offshoring of Silicon production capacity, is creating massive opportunities for HPQ and the processes it is developing with
the PUREVAPTM 'Quartz Reduction Reactors' (QRR), an innovative process (patent granted in
Through its 100% owned subsidiary,
Through its second 100% owned subsidiary,
HPQ is also a technology development company interested in developing hydrogen-based ventures, that could be complementary to the QRR efforts. Currently, HPQ is working with Novacium developing processes for making hydrogen via hydrolysis of silicon and other materials.
About
Additional information on Quebec Innovative Materials is available at www.qimaterials.com.
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Tel: +1 (833) 474-5422
Email: info@quebecsilica.com
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