QUEBEC SILICA RESOURCES CORP. ACQUIRES ADDITIONAL SILICA EXPLORATION ASSETS FROM HPQ SILICON INC.
The Roncesvalles property is in the
HIGHLIGHT OF THE TRANSACTION
Pursuant to the “arm’s length transaction”, and subject to both parties obtaining the required regulatory approvals, HPQ agrees to transfer to QTZ 100% interest in both properties and QTZ agrees to issue to HPQ 3,000,000 of acquisition units, at the price of
CEO of QTZ
About HPQ Silicon Resources
Silicon (Si), also called silicon metal, is today one of the main strategic materials needed for the decarbonization of the economy and the renewable energy revolution (RER). However, silicon does not exist in a pure state and must be extracted from quartz (SiO2) in what has always been a capital and energy-intensive process.
1. PUREVAPTM ‘Quartz Reduction Reactors’ (QRR), an innovative process (patent issued in
2. Through its wholly-owned subsidiary,
3. Through its second wholly-owned subsidiary,
HPQ is also a technology development company interested in developing hydrogen-based businesses that could complement QRR’s efforts. Currently, HPQ is evaluating two different approaches to achieve this goal, namely:
1. Work with the Swiss company EBH2 Systems SAS on their exclusive process for producing green hydrogen by electrolysis, and
2. Develop HPQ’s own hydrogen manufacturing processes by hydrolysis of nanosilicon materials manufactured by our PUREVAPTM (NSiR).
Quebec Silica is a mining exploration company focused on the acquisition and exploration of mineral resource properties, with an emphasis on the Charlevoix Silica property located near
Additional information about Quebec Silica is available at www.quebecsilica.com.
Chief executive officer
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release and has neither endorsed nor disapproved of the contents of this press release.
This press release contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Quebec Silica or developments in the industry to differ materially from the results, performance or achievements anticipated. expressed or implied by these forward-looking statements. research statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends to ‘, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘could’, ‘could’ or ‘should’ occur.
Although Quebec Silica believes that the forward-looking information contained in this press release is reasonable based on information available as of the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors that may cause our results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or the inability to access sufficient capital on favorable terms; the mining industry and the markets
The forward-looking information contained in this press release represents the Company’s expectations as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely on such information as of any other date. Although the Company may choose to do so, it does not undertake to update this information at any given time, except as required under applicable laws.