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PyroGenesis Canada informs HPQ Silicon Resources that Gen1 PUREVAPTMNSiR ready to start producing Silicon nano materials

HPQ Silicon Resources declared that a “new era of low-cost manufacturing of nano silicon materials is about to commence”

PyroGenesis Canada Inc. -
HPQ says the PUREVAP NSiR represents a “game changing leap forward” in resolving the issues of commercial viability and scalability

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) (FRA:8PY) has informed HPQ Nano Silicon Powders Inc, a  wholly-owned subsidiary of HPQ Silicon Resources Inc (CVE:HPQ), that Phase 1 of the PUREVAPTM Nano Silicon Reactor development program has reached the commissioning stage, with the Gen1 PUREVAPTMNSiR now ready to start producing Silicon nano materials.

With that announcement, HPQ Silicon Resources declared that a “new era of low-cost manufacturing of nano silicon materials is about to commence.”

“The announcement today is indeed a major milestone and we are proud at having played a key role in this accomplishment. We are all extremely excited to have the Nano Reactor up and running, on schedule and on budget, particularly during these trying times,” said PyroGenesis Canada CEO Peter Pascali said in a statement.

READ: PyroGenesis Canada sees its 3Q revenue surge by triple-digits as net income soars

He added: “The next major step is to get qualified samples into end user’s hands which we are pushing to do before year-end, or shortly afterwards. The more we progress with the Nano reactor the more it seems to us to be a real game changer. It may very well become the gold standard for making nano Si for the battery industry. Success to date bodes well for the future, and today’s announcement is one major step in that direction.”

HPQ Silicon Resources contends that, despite strong research and massive investment in Silicon material for batteries, the current manufacturing processes are simply not scalable or commercially viable.

It said the PUREVAP NSiR represents a “game changing leap forward” in resolving the issues of commercial viability and scalability, as it has the capability of producing tailor-made silicon materials within a wide range (from < 0.20 µm up to 5 µm).

“Silicon’s potential to meet energy storage demand is undeniable, generating massive investments, and serious industry interest. We are very confident that demand for the Silicon materials we will produce, with our low-cost scalable processes, will be in high demand by batteries and EV manufacturers in this renewable energy revolution,” said HPQ Silicon CEO Bernard Tourillon in a statement.

With the Gen1 NSiR now operational, HPQ NANO noted that it will be uniquely positioned to be able to offer industry participants a wide spectrum of products for testing to meet the anticipated emerging demands from battery, EV manufactures and other markets looking for nano silicon materials.

Contact Sean at sean@proactiveinvestors.com

Quick facts: PyroGenesis Canada Inc.

Price: 8.02 CAD

TSX:PYR
Market: TSX
Market Cap: $1.28 billion
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