- HPQ Silicon (HPQ) has signed a memorandum of understanding (MOU) with Quebec Silica Resources (QTZ)
- The MOU concerns the procurement of quartz material from Quebec Silica’s Charlevoix Silica Project for HPQ testing related to its Quartz Reduction Reactor
- A definitive sourcing agreement will follow upon validation of the quartz material’s commercial viability
- Quebec Silica Resources is a mineral exploration company focused on silica for the emerging green economy
- HPQ Silicon is developing silica and silicon products for battery and electric vehicle manufacturers, among other industries
- Quebec Silica Resources (QTZ) is up by 8.33 per cent, trading at $0.065 per share
- HPQ Silicon (HPQ) is down by 1.75 per cent, trading at $0.28 per share
HPQ Silicon (HPQ) has signed an MOU with Quebec Silica Resources (QTZ).
The MOU concerns the procurement of quartz material from Quebec Silica’s Charlevoix Silica Project for HPQ testing purposes.
Charlevoix represents a potential source of quartz feedstock for HPQ because of its proximity to an active silica mining operation (Sitec Canada) and the Silica Ridge Silica Project.
Under the terms of the MOU, Quebec Silica will supply HPQ with silica materials that meet specifications for testing its GEN3 PUREVAP Quartz Reduction Reactor, which seeks to transform quartz into high-purity silicon at reduced costs and carbon footprint.
If the quartz material provided generates finished products that are commercially valid, the parties will negotiate a definitive sourcing agreement.
Either party may terminate the MOU after one year without any obligation or liability.
“HPQ’s value proposition is derived from harnessing the potential of its silicon and silica materials innovations: the manufacturing and commercializing of silicon, fumed silica and nano silicon materials needed for an ever-evolving ESG-compliant business environment,” stated Bernard Tourillon, President and CEO of HPQ. “As we get closer to making commercial production plans, securing access to quartz feedstock for our silicon and silica projects becomes another much-needed check mark.”
Quebec Silica Resources acquires and explores mineral properties with an emphasis on silica for the emerging green economy.
HPQ Silicon is developing silica and silicon products for battery and electric vehicle manufacturers, among other industries.
Quebec Silica Resources (QTZ) is up by 8.33 per cent, trading at $0.065 per share as of 9:37 am EST.
HPQ Silicon (HPQ) is down by 1.75 per cent, trading at $0.28 per share as of 9:36 am EST.