Latest news with #HSPI
Globe and Mail
28-05-2025
- Business
- Globe and Mail
Leading Global Manufacturer Requests HPQ's First Batch of Fumed Silica for Evaluation
MONTREAL, May 28, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ('HPQ' or the 'Company') (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company driving innovation in advanced materials and critical process development, is pleased to inform shareholders that the leading global fumed silica manufacturer —under the LOI announced on July 9, 2024 — has requested to receive samples of the material earlier than initially scheduled. This follows HPQ's May 21, 2025, press release confirming the independent validation [1] of HPQ Silica Polvere Inc.'s (HSPI) [2] fumed silica production using its proprietary Fumed Silica Reactor (FSR) Pilot Plant during the four-batch Phase One test. The request for sample shipment was made before HSPI's technology supplier, PyroGenesis Inc. (TSX: PYR, OTCQX: PYRGF, FRA: 8PY1), completed its planned process and material optimizations in the ongoing testing program. This early interest highlights the growing recognition of the unique potential of HSPI's Fumed Silica Reactor to convert quartz into fumed silica in a single step. Image 1 left) Samples of material produced during the fourth-batch Phase One test. Images 1 Right) TEM images of Fumed Silica nanoparticles [1], (a) HSPI Lab-scale Sample of material collected inside the reactor, (b1 – b2) HSPI Pilot scale Samples collected from the Baghouse and (C1) Evonik commercial grades A90, (c2) Evonik commercial grade A150, and (c3) Evonik commercial grade A200 [ 3 ]. 'From the start, one of the goals of the LOI has been to work directly with the world's leading fumed silica manufacturer to validate our FSR's ability to produce material that meets their specifications,' said Bernard Tourillon, President and CEO of HPQ Silicon and HPQ Silica. 'This collaboration gives HSPI access to over 80 years of real-world manufacturing and market expertise—an advantage that accelerates our development and strengthens our commercialization efforts. It's a rare and valuable opportunity.' Feedback from the leading global fumed silica manufacturer will be instrumental in accelerating the advancement of the pilot plant program, which is focused on two key objectives: Enhancing product-grade purity to determine market fit better, by: a. improving process control and parameter stability, b. achieving higher product surface areas through optimized powder morphology and viscosity. Reaching the targeted production capacity of 50 tonnes per year (TPY) by: a. increasing silica conversion efficiency and overall yield This next phase of collaboration and testing marks a critical step toward commercial validation, positioning HPQ and HSPI to accelerate market entry with a scalable, high-purity fumed silica solution. With direct input from a global industry leader and continued progress on process optimization, HPQ is confident in the potential of its proprietary technology to disrupt traditional fumed silica production and meet growing market demand. REFERENCE SOURCES [1] Independent analysis done at McGill University, Montreal Canada. [2] A wholly owned subsidiary of HPQ Silicon Inc., when technology supplier PyroGenesis announced its intention to exercise its option to acquire a 50% stake in HSPI in May 2024. [3] TEM images of Evonik's commercial fumed silica material were obtained from the article: ' Quantification of branching in fumed silica ' by Andrew Mulderig, Gregory Beaucage⁎, Karsten Vogt, Hanqiu Jiang, and Vikram Kuppa, published in the Journal of Aerosol Science. These reference images were used for comparative analysis alongside lab- and pilot-scale samples produced by HSPI. About HPQ Silicon HPQ Silicon Inc. (TSX-V: HPQ) is a Quebec-based TSX Venture Exchange Industrial Issuer. HPQ is developing new green processes, with the support of world-class technology partners PyroGenesis Canada Inc. and NOVACIUM SAS, crucial to making the critical materials needed to reach net zero emissions. HPQ activities are centred around the following five (5) pillars: 1) Becoming a green, low-cost (Capex and Opex) manufacturer of Fumed Silica using the FUMED SILICA REACTOR, a proprietary technology owned by HPQ Silica Polvere Inc., being developed for HSPI by PyroGenesis. 2) Becoming a producer of silicon-based anode materials for battery applications with the assistance of NOVACIUM SAS. 3) HPQ SILICON affiliate NOVACIUM SAS is developing a low-carbon, chemical-based on-demand and high-pressure autonomous hydrogen production system. 4) HPQ SILICON affiliate NOVACIUM SAS is developing a new process to transform black aluminum dross into a valuable resource. 5) Becoming a zero-CO 2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our PUREVAP TM 'Quartz Reduction Reactors' (QRR), a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis. For more information, please visit HPQ Silicon web site. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY). Cautionary Note Regarding Forward-Looking Information This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities legislation (collectively, 'forward-looking statements'), including, but not limited to, statements relating to future financial or operating events or future performance of the Company, and reflecting management's expectations and assumptions regarding the Company's growth, results, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to it. In some cases, forward-looking statements can be identified by words such as 'aim', 'anticipate', 'aspire', 'attempt', 'believe', 'budget', 'could', 'estimate', 'expect', 'forecast', 'intend', 'may', 'mission', 'plan', 'potential', 'predict', 'progress', 'outlook', 'schedule', 'should', 'study', 'target', 'will', 'would' or the negative of these terms or other similar expressions concerning matters that are not historical facts. In particular, forward-looking statements include, but are not limited to, the Company's ability to develop its low-cost (Capex and Opex) manufacturing of Fumed Silica using its Fumed Silica Reactor (FSR) and enter in commercial production within the timeline, to provide high-performing and reliable advanced materials while promoting sustainability and supply chain traceability, and to position its fumed silica operation in the capital markets, the expected results of the initiatives described in this press release, and those statements which are discussed under the 'About HPQ Silicon' paragraph and elsewhere in the press release which essentially describe the Company's outlook and objectives. Additionally, the forward-looking statements include, but are not limited to, the Company's future results, the intended pilot plant testing and timeline of the Fumed Silica Reactor commercial scale up, the economic performance and product development efforts, as well as the Company's expected achievement of milestones, including the ability to conclude an offtake agreement and obtain sufficient financing for the future development on favorable terms for the Company. Further, these forward-looking statements include the Company's ability to achieve its Fumed Silica strategy and its intended results, market trends, the consumer demand for materials, the Company's competitive advantages, macroeconomic conditions, the impact of applicable laws and regulations, and any information as to future plans and outlook for the Company are or involve forward-looking statements. Forward-looking statements are based on estimates and assumptions that, while considered reasonable by the Company at the time of such statements, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. These estimates and assumptions are not guarantees of future performance and may prove incorrect. These statements rely on various factors, including current technological trends, safe and effective operations, timely delivery and installation of future production equipment at estimated prices, assumed Fumed Silica sale prices, future exchange and interest rates, political and regulatory stability, commodity prices and production costs, the receipt of necessary approvals, licenses, and permits on favorable terms, sustained labor stability, financial and capital market conditions, availability of critical supplies and equipment, tax assumptions, CAPEX and OPEX estimates, economic and operational projections, local infrastructure, and overall business prospects. Forward-looking statements are also subject to risks, uncertainties, and other factors that may cause actual results to differ materially, including the outcome of development, engineering, and planning activities, market conditions, competition, pricing pressures, risks inherent to mining exploration and development, the commercial viability of the Company's technology, project timelines, business continuity challenges, geopolitical instability, and other industry risks. Additionally, there can be no assurance that the conditions precedent of offtake agreements, product qualification requirements, and commercial operations will be met, nor that the Company will fulfill the expectations of financing partners and certifying bodies. Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in HPQ's Annual Information Form dated March 21, 2025, including in the section thereof captioned 'Risk Factors', which is available on SEDAR+ at Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that may cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. Market and industry data presented throughout this press release was obtained from third-party sources and industry reports, publications, websites and other publicly available information, as well as industry and other data prepared by the Company or on the behalf of the Company based on the Company's knowledge of the markets in which the Company operates, including information provided by suppliers, partners, customers and other industry participants. The Company believes that the market and economic data presented throughout this press release is accurate as of the date of publication and, with respect to data prepared by the Company or on behalf of the Company, that estimates and assumptions are currently appropriate and reasonable, but there can be no assurance as to the accuracy or completeness thereof. The accuracy and completeness of the market and economic data presented throughout this press release are not guaranteed and the Company does not make any representation as to the accuracy of such data. Actual outcomes may vary materially from those forecast in such reports or publications, and the prospect for material variation can be expected to increase as the length of the forecast period increases. Although the Company believes it to be reliable as of the date of publication, the Company has not independently verified any of the data from third-party sources referred to in this press release, analyzed or verified the underlying studies or surveys relied upon or referred to by such sources, or ascertained the underlying market, economic and other assumptions relied upon by such sources. Market and economic data are subject to variations and cannot be verified due to limits on the availability and reliability of data inputs, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. Further information regarding the Company is available in the SEDAR+ database ( and on the Company's website at: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders. Source: HPQ Silicon Inc. For further information contact:
Yahoo
21-05-2025
- Business
- Yahoo
Independent Analysis Confirms HPQ's Pilot-Scale Fumed Silica Production
Baghouse-collected fumed silica yield is outperforming initial projections at this pilot stage MONTREAL, May 21, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ('HPQ' or the 'Company') (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company developing next-generation processes for advanced material manufacturing, is pleased to inform shareholders that it has received an independent analysis confirming fumed silica production. The analysis confirms Fumed Silica was produced by HPQ Silica Polvere Inc. [1] ('HSPI')'s proprietary Fumed Silica Reactor (FSR) Pilot Plant during its four-batch Phase One test. Further to the Company's May 15, 2025, release, HSPI's technology supplier, PyroGenesis Inc. (TSX: PYR, OTCQX: PYRGF, FRA: 8PY1) ('PyroGenesis'), has informed HPQ that the independent analysis of the material produced and collected in the baghouse supports the following conclusions: a) The white powder material recovered is, in fact, Fumed Silica, b) The impurities observed in the recovered material were consistent with expectations and are present in a form that makes them readily removable. c) The production yield was greater than anticipated at this stage, and this bodes well for the ultimate economics of the project. d) A side-by-side comparison of Transmission Electron Microscopy (TEM) images shows a high degree of similarity between the microstructures and morphological complexity of HSPI's material produced at lab scale, pilot scale, and that of commercial mid- to high-surface-area fumed silica 1. TEM images of Fumed Silica nanoparticles, (a) HSPI Lab-scale Sample of material collected inside the reactor, (b1 – b2) HSPI Pilot scale Samples collected from the Baghouse and (C1) Evonik commercial grades A90, (c2) Evonik commercial grade A150, and (c3) Evonik commercial grade A200 [2]. 'These results significantly strengthen the commercial outlook for our Fumed Silica Reactor (FSR) technology,' said Bernard Tourillon, President & CEO of HPQ Silicon and HPQ Silica. 'We've confirmed the successful recovery of fumed silica from the baghouse section of our pilot plant and also validated our proprietary FSR process reliably—even with a twentyfold increase in scale. Achieving this level of consistency and material quality so early in the pilot phase demonstrates the strength of our approach to de-risking commercialization. With these technical milestones achieved, we're now ready to advance to the next stage—distributing samples to qualified third parties under NDA and LOI for independent evaluation and qualification.' Next Steps The remaining phases of the pilot plant program will focus on two primary objectives: Enhancing product-grade purity to determine market fit better, by:a. improving process control and parameter stability,b. achieving higher product surface areas through optimized powder morphology and viscosity. Reaching the targeted production capacity of 50 tonnes per year (TPY) by:a. increasing silica conversion efficiency and overall yield In addition to these priorities, the overarching goal of the ongoing testing is to generate the critical data needed to support the development of scale-up plans and equipment modifications. This will be essential to making the system commercially viable following a further twentyfold scale increase beyond the current pilot plant capacity. REFERENCE SOURCES [1] A wholly owned subsidiary of HPQ Silicon Inc., when technology supplier PyroGenesis announced its intention to exercise its option to acquire a 50% stake in HSPI in May 2024. [2] TEM images of Evonik's commercial fumed silica material were obtained from the article: 'Quantification of branching in fumed silica' by Andrew Mulderig, Gregory Beaucage⁎, Karsten Vogt, Hanqiu Jiang, and Vikram Kuppa, published in the Journal of Aerosol Science. These reference images were used for comparative analysis alongside lab- and pilot-scale samples produced by HSPI. About HPQ Silicon HPQ Silicon Inc. (TSX-V: HPQ) is a Quebec-based TSX Venture Exchange Industrial Issuer. HPQ is developing new green processes, with the support of world-class technology partners PyroGenesis Canada Inc. and NOVACIUM SAS, crucial to making the critical materials needed to reach net zero emissions. HPQ activities are centred around the following five (5) pillars: 1) Becoming a green, low-cost (Capex and Opex) manufacturer of Fumed Silica using the FUMED SILICA REACTOR, a proprietary technology owned by HPQ Silica Polvere Inc., being developed for HSPI by PyroGenesis. 2) Becoming a producer of silicon-based anode materials for battery applications with the assistance of NOVACIUM SAS. 3) HPQ SILICON affiliate NOVACIUM SAS is developing a low-carbon, chemical-based on-demand and high-pressure autonomous hydrogen production system. 4) HPQ SILICON affiliate NOVACIUM SAS is developing a new process to transform black aluminum dross into a valuable resource. 5) Becoming a zero-CO2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis. For more information, please visit HPQ Silicon web site. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY). This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities legislation (collectively, 'forward-looking statements'), including, but not limited to, statements relating to future financial or operating events or future performance of the Company, and reflecting management's expectations and assumptions regarding the Company's growth, results, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to it. In some cases, forward-looking statements can be identified by words such as 'aim', 'anticipate', 'aspire', 'attempt', 'believe', 'budget', 'could', 'estimate', 'expect', 'forecast', 'intend', 'may', 'mission', 'plan', 'potential', 'predict', 'progress', 'outlook', 'schedule', 'should', 'study', 'target', 'will', 'would' or the negative of these terms or other similar expressions concerning matters that are not historical facts. In particular, forward-looking statements include, but are not limited to, the Company's ability to develop its low-cost (Capex and Opex) manufacturing of Fumed Silica using its Fumed Silica Reactor (FSR) and enter in commercial production within the timeline, to provide high-performing and reliable advanced materials while promoting sustainability and supply chain traceability, and to position its fumed silica operation in the capital markets, the expected results of the initiatives described in this press release, and those statements which are discussed under the 'About HPQ Silicon' paragraph and elsewhere in the press release which essentially describe the Company's outlook and objectives. Additionally, the forward-looking statements include, but are not limited to, the Company's future results, the intended pilot plant testing and timeline of the Fumed Silica Reactor commercial scale up, the economic performance and product development efforts, as well as the Company's expected achievement of milestones, including the ability to conclude an offtake agreement and obtain sufficient financing for the future development on favorable terms for the Company. Further, these forward-looking statements include the Company's ability to achieve its Fumed Silica strategy and its intended results, market trends, the consumer demand for materials, the Company's competitive advantages, macroeconomic conditions, the impact of applicable laws and regulations, and any information as to future plans and outlook for the Company are or involve forward-looking statements. Forward-looking statements are based on estimates and assumptions that, while considered reasonable by the Company at the time of such statements, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. These estimates and assumptions are not guarantees of future performance and may prove incorrect. These statements rely on various factors, including current technological trends, safe and effective operations, timely delivery and installation of future production equipment at estimated prices, assumed Fumed Silica sale prices, future exchange and interest rates, political and regulatory stability, commodity prices and production costs, the receipt of necessary approvals, licenses, and permits on favorable terms, sustained labor stability, financial and capital market conditions, availability of critical supplies and equipment, tax assumptions, CAPEX and OPEX estimates, economic and operational projections, local infrastructure, and overall business prospects. Forward-looking statements are also subject to risks, uncertainties, and other factors that may cause actual results to differ materially, including the outcome of development, engineering, and planning activities, market conditions, competition, pricing pressures, risks inherent to mining exploration and development, the commercial viability of the Company's technology, project timelines, business continuity challenges, geopolitical instability, and other industry risks. Additionally, there can be no assurance that the conditions precedent of offtake agreements, product qualification requirements, and commercial operations will be met, nor that the Company will fulfill the expectations of financing partners and certifying bodies. Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in HPQ's Annual Information Form dated March 21, 2025, including in the section thereof captioned 'Risk Factors', which is available on SEDAR+ at Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that may cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. Market and industry data presented throughout this press release was obtained from third-party sources and industry reports, publications, websites and other publicly available information, as well as industry and other data prepared by the Company or on the behalf of the Company based on the Company's knowledge of the markets in which the Company operates, including information provided by suppliers, partners, customers and other industry participants. The Company believes that the market and economic data presented throughout this press release is accurate as of the date of publication and, with respect to data prepared by the Company or on behalf of the Company, that estimates and assumptions are currently appropriate and reasonable, but there can be no assurance as to the accuracy or completeness thereof. The accuracy and completeness of the market and economic data presented throughout this press release are not guaranteed and the Company does not make any representation as to the accuracy of such data. Actual outcomes may vary materially from those forecast in such reports or publications, and the prospect for material variation can be expected to increase as the length of the forecast period increases. Although the Company believes it to be reliable as of the date of publication, the Company has not independently verified any of the data from third-party sources referred to in this press release, analyzed or verified the underlying studies or surveys relied upon or referred to by such sources, or ascertained the underlying market, economic and other assumptions relied upon by such sources. Market and economic data are subject to variations and cannot be verified due to limits on the availability and reliability of data inputs, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. Further information regarding the Company is available in the SEDAR+ database ( and on the Company's website at: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders. Source: HPQ Silicon Inc. For further information contact: Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271Email: Info@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-03-2025
- Business
- Yahoo
HPQ's Statement on U.S. - Canada Tariff Situation, Reinforces Case for Domestic Fumed Silica Production
HPQ Plans to Start Commercial Production of Fumed Silica Using Its Pilot Plant in Q4 2025, Becoming Canada's First Domestic Supplier MONTREAL, March 12, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ('HPQ' or the 'Company') (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in green engineering processes, would like to inform shareholder that recently announced tariffs and resulting counter tariffs on critical feedstock including fumed silica has NO impact on discussions with parties under LOI and other NDAs interested in our Fumed Silica material and technologies. Also, the Company would like to add that it intends to start commercial production of fumed silica using its pilot plant this year. HPQ, through its subsidiary HPQ Silica Polvere Inc. (HSPI) [1], is progressing as planned with the development of its Fumed Silica Reactor (FSR) system. Following the successful production of its first batch in late February 2025, the pilot plant is now optimizing operations to increase throughput from 20–30 kg per batch to over 480 kg per day. During this phase, the fumed silica produced will undergo internal testing, with samples sent to parties under LOI (as per the July 9, 2024, release) and other NDAs. By Q4 2025, HSPI will begin commercial production of fumed silica using its pilot-scale FSR system, making it Canada's first domestic producer of fumed silica. With escalating U.S. tariff threats and potential countermeasures, the timing is critical, as these trade policies are expected to disrupt supply chains and increase the cost of imported materials. 'Fumed silica is used in thousands of everyday products, yet Canada has no domestic production, leaving Canadian manufacturers vulnerable to unpredictable trade policies that could swiftly drive prices up. ,' said Bernard Tourillon, President & CEO of HPQ Silicon and HPQ Silica Polvere. 'HPQ's Fumed Silica Reactor technology has the potential to change that. Our goal is to use the pilot plant to begin commercial fumed silica production in Canada in Q4 2025. At the same time, we will lay the groundwork to scale up production and establish, over the next few years, a reliable, nationally beneficial supply, thereby reducing reliance on U.S. and other fumed silica imports." Fumed Silica: A High-Value Material Caught in a Trade War Fumed silica is a high-performance industrial material used in applications ranging from cosmetics and paints to lithium-ion batteries, adhesives, and reinforced polymers. Its high surface area, lightweight structure, and ability to enhance mechanical strength, viscosity, and stability make it indispensable across multiple sectors. The global fumed silica market valued at approximately US $2.0 billion in 2024 and is projected to grow to over US $3.4 billion by 2034[2], driven by increasing demand for high-performance materials in renewable energy, electric vehicles, and advanced coatings. The US and Canadian fumed silica market is valued at approximately US $411 million in 2024 and is projected to grow to over US $587 million by 2034[3]. High capital and operational costs, along with environmental challenges tied to traditional fumed silica manufacturing, have left Canada without domestic production capacity. As a result, local manufacturers relying on this critical feedstock must import 20,000 to 24,000 tonnes (t) annually—primarily from U.S. suppliers—at an average yearly cost of approximately US $200 million [4]. With new tariffs and counter-tariffs being enacted, the cost of imported fumed silica is set to rise by 25%, significantly impacting key Canadian industries such as automotive, construction, personal care, pharmaceuticals, and renewable energy. HPQ's Fumed Silica Reactor: A Pathway to Supply Independence for Canadian Industry HPQ Silicon, through its subsidiary HPQ Silica Polvere Inc. (HSPI) [1], is developing a low-Capex, low-Opex plasma-based fumed silica production technology in collaboration with PyroGenesis Canada Inc. Unlike traditional multi-step production methods, which typically require between 100 and 120 kWh per kg of fumed silica [5], HSPI's one-step, energy-efficient process consumes only 8 to 12 kWh per kg [6]. This significant reduction in energy use lowers operating cost and carbon emissions while maintaining superior product quality. Strategic Advantages: A Scalable, Cost-Effective Alternative Undergoing Pilot-Scale Validation Two weeks ago, the HSPI pilot plant successfully produced its first batch of material, marking a major milestone in the commercialization of its technology (February 27, 2025, release). As a 20-fold scale-up from previous lab tests, the pilot plant demonstrated its ability to replicate, at industrial scale, the visually morphological characteristics consistent with those observed in lab-scale fumed silica production. Following the successful first pilot-scale tests, HSPI is now focused on optimizing batch and semi-continuous fumed silica production. Ongoing efforts aim to increase throughput from 20–30 kg per batch to over 480 kg per day while producing commercial grade materials with surface areas ranging from 150 to 300 m²/g. The overarching goal is to achieve full-capacity operations, enabling multiple daily production cycles and delivering commercial-quality material. With an expected 20 hours of daily operation, the system is projected to produce approximately 161 kilograms per day, equivalent to an annual output of 50,000 kilograms (50 TPY). By Q4 2025, the fully paid pilot-scale FSR system, will start delivering high-performance fumed silica, providing buyers with a cleaner, more efficient and Canadian alternative to legacy production methods. HSPI's FSR design enables a modular, scalable approach to fumed silica production, based on increasing the FSR capability designs by a 20-fold scale up of the pilot system to an initial production target of at least 1,000 metric tons per year FRS reactors. Once the first system is operational in the coming years, the goal will become building multiple Fumed Silica Reactors to have the capacity to meet Canada's full market demand of 20,000 to 24,000 metric tons annually. 'This is not just about mitigating tariffs,' added Tourillon. 'This is about using Canadian know-how to create a more resilient independent supply chain for critical materials. Over time HSPI's Fumed Silica Reactor could ensures that Canadian manufacturers are no longer at the mercy of U.S. trade policies. We are pioneering a technology that makes Canada self-sufficient in a high-value material while enhancing our global competitiveness.' REFERENCE SOURCES [1] A wholly owned subsidiary of HPQ Silicon Inc. when technology supplier PyroGenesis announced its intention to exercise its option to acquire a 50% stake in HSPI in May 2024. [2] Global Market Insights: Fumed Silica Market – By Product, Application Analysis, Share, Growth Forecast, 2025 - 2034 [3] FACT'MR: Fumed Silica Sales Outlook for North America (2024-2034) [4] Management estimates of Canadian market size based on information from Sales data per regions from MarketsandMarkets 2017 'fumed silica market – global forecast to 2022' [5] Frischknecht, Rolf, et al. 'Life cycle inventories and life cycle assessment of photovoltaic systems.' International Energy Agency (IEA) PVPS Task 12 (2020). [6] Updated energy consumption estimate made by PyroGenesis Canada Inc. (August 2024) 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 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 five (5) pillars: Becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the FUMED SILICA REACTOR, a proprietary technology owned by HPQ Silica Polvere Inc being developed for HSPI 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 based on demand and high-pressure autonomous hydrogen production system. HPQ SILICON affiliate NOVACIUM SAS is developing a new process to transform black aluminium dross into a valuable resource. Becoming a zero CO2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis. For more information, please visit HPQ Silicon web site. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). Disclaimers: This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's ongoing filings with the security's regulatory authorities, which filings can be found at Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders. Source: HPQ Silicon Inc. For further information contact: Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271Email: Info@ in to access your portfolio
