PyroGenesis announces third-party validation of fumed silica

PyroGenesis Canada confirms, further to HPQ Silicon Inc’s press release dated November 8, 2023 and the Company’s news release dated October 3, 2023, that an independent structural and chemical analysis of fumed silica, produced in conjunction with HPQ Silica Polvere, a wholly owned subsidiary of HPQ, has been successfully performed. Separately, the Company announces that production of the fumed silica pilot plant is underway, which is intended to be in operation in Q2 of 2024. “This latest development underscores, once again, the advantages of the fumed silica reactor we have developed for HPQ Polvere and aligns perfectly with our commitment to environmental responsibility,” said Mr. P. Peter Pascali, CEO and President of PyroGenesis. “PyroGenesis continues to contribute to sustainable solutions that reduce greenhouse gas emissions and environmental pollutants. We have now moved towards the long-awaited next phase: a pilot plant scheduled to start operations in the second quarter of 2024, as previously anticipated. The technology developed by PyroGenesis for HPQ Polvere offers significant economic advantages over conventional manufacturers. Its unique capability not only improves profitability, but also reduces the environmental footprint associated with fumed silica production, thus contributing to greenhouse gas emissions reduction and enabling the industry to move towards a more sustainable and environmentally friendly future – all key criteria that we feel will be of great interest to the parties who have already requested samples under NDA with HPQ. As a reminder, as part of the terms on the FSR projects, PyroGenesis benefits from a royalty payment representing 10% of the Client’s eventual sales, with set minimums. This royalty stream, can, at any time, be converted by PyroGenesis into a 50% ownership in HPQ Remaining Equity Stake in HPQ Polvere.”