Business
HPQ-Silicon Grants $0.30 Stock Options to Directors, Officers and a Consultant
(via Thenewswire.ca) Montreal, Quebec, Canada / TheNewswire / October 7, 2016 - H PQ Si...
About this update from Hpq Silicon Inc
[{"type":"text","content":"HPQ-Silicon Grants $0.30 Stock Options to Directors, Officers and a Consultant(via Thenewswire.ca)\n \n \nMontreal, Quebec, Canada / TheNewswire / October 7, 2016 - HPQ Silicon Resources Inc (\"HPQ\") (TSX Venture: HPQ) reports that the Company has granted a total of 5,200,000 stock options to Members of the Board, officers and to a consultant of the Company. The stock options are exercisable for a period of five years at an exercise price of $0.30 per share. The options were granted under and are subject to the terms and conditions of the Company's Stock Option Plan.\n\n\n \nAbout HPQ Silicon \n\n\n \nHPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.9999% Si) producer.\n\n\n \nOur business model is focused on developing a disruptive solar grade silicon metal manufacturing process (patent pending) that can generate high yield returns and significant free cash flow within a short time line.\n\n\n \nSummary of Recent Rapid Progress in Producing High Purity Silicon\n\n\n \nIn September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM Quartz Reduction Reactor (QRR) process, which it noted was able to produce silicon in one step, at a lower cost, while generating less CO2 emissions than current processes.\n\n\n \nOn April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QRR process have demonstrated that it can transform high purity quartz into silicon metal.\n\n\n \nOn June 29, 2016, HPQ Silicon announced that first pass analytical process confirms the ability of the PUREVAPTM process to create high purity silicon metal exceeding 99.9%.\n\n\n \nSamples from the first series of test have been sent to EAG, a specialized laboratory in the United States, to determine the precise purity levels of the Silicon Metal.\n\n\n \nOn August 2, 2016, HPQ Silicon announced that it had: \n\n\n \n\n\n1.Acquired the intellectual property rights to the PUREVAP(TM) process as it relates exclusively to the production of silicon metal from quartz. PyroGenesis retains a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz. \n\n\n\n2.Placed an order for th...