HPQ Silicon and Quebec Silica sign MOU
by CM Staff
QTZ will supply HPQ with silica materials that meet HPQ specifications and requirements for testing in HPQ GEN3 PUREVAPTM Quartz Reduction Reactor.
MONTREAL — HPQ Silicon Inc. has signed a Memorandum of Understanding with Quebec Silica Resources Corporation.
The MOU regards the procurement of quartz material from QTZ’s Charlevoix Silica Project to HPQ for testing and evaluation purposes.
The company says that the QTZ Charlevoix Silica Project represents a potential quartz feedstock opportunity for them because of its proximity to an active silica mining operation and the Silica Ridge Silica project.
Under the terms of the MOU, QTZ will supply HPQ with silica materials that meet HPQ specifications and requirements for testing in HPQ GEN3 PUREVAPTM Quartz Reduction Reactor.
Additionally, the agreement mandates that in cases where materials provided by QTZ generate “finished products” that are commercially valid and usable by HPQ, the parties will negotiate a definitive sourcing agreement. Either Party may terminate the MOU after twelve 12 months without any obligation or liability to the other party.
“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 nanosilicon materials needed for an ever-evolving ESG compliant business environment. 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,” said Mr. Bernard Tourillon, president and CEO of HPQ Silicon Inc. in a statement.
