Latest news with #FumedSilicaReactor
Hamilton Spectator
03-07-2025
- Business
- Hamilton Spectator
HPQ's Latest Pilot Test Delivers Higher-Purity, Higher-Quality Fumed Silica While Validating Semi-Continuous Reactor Operation
MONTREAL, July 03, 2025 (GLOBE NEWSWIRE) — HPQ Silicon Inc. ('HPQ' or the 'Company') (TSX-V: HPQ , OTCQB: HPQFF , FRA: O08 ), a technology company driving innovation in advanced materials and critical process development, is pleased to inform shareholders that it has received new results from a leading global fumed silica manufacturer ('LGFSM') regarding the evaluation of materials produced during Phase 1 Test #5. Milestones: First Production of Material under Semi-Continuous Feedstock Feeding Protocol Technology supplier, PyroGenesis Inc. (TSX: PYR , OTCQX: PYRGF , FRA: 8PY1 ) has informed the Company that, in addition to successfully replicating the production and collection of material in the dedicated product recovery unit (commonly referred to as the 'baghouse'), HPQ Silica Polvere Inc.'s (HSPI)[1] proprietary Fumed Silica Reactor (FSR) pilot plant operated under a semi-continuous feeding approach during Phase 1 Test #5 — two key steps in advancing the FSR toward commercial validation. Significant Improvement Achieved in the Purity and Quality of Fumed Silica Produced Material analysis conducted by the Leading Global Fumed Silica Manufacturer (LGFSM) confirmed several notable improvements in the fumed silica produced during Phase 1 Test #5 compared to Test #4: 'Taken together, the results from Phase 1 tests 4 and 5, along with operational data from the three earlier tests, validate the successful 20-fold scale-up of the Fumed Silica Reactor—from lab to pilot scale, and from batch to semi-continuous production ,' said Bernard Tourillon, President and CEO of HPQ Silicon and HPQ Silica Polvere Inc. ' These results confirm that key material properties can be reliably reproduced and even improved at larger scale, establishing a solid foundation for future process optimization .' Phase 2 Testing to Focus on Advancing Material Surface Area Performance With the successful validation of process replicability at pilot scale, testing is now progressing into Phase 2, which will focus on further improving the material's surface area. The upcoming tests aim to produce fumed silica materials with BET surface areas up to 300 m²/g. 'Having overcome the key technical challenges to reach this Phase 1 completion milestone, we believe the remaining steps—specifically achieving the targeted surface area range with the FSR—are now well within reach,' added Mr. Tourillon. Image 1) Material produced and collected in the baghouse, during Phase 1 Test #5, and sent to the leading global fumed silica manufacturer under the LOI . ' With Phase 1 testing successfully completed, we now look forward to the launch of Phase 2 with great anticipation,' added Mr. Tourillon. REFERENCE SOURCES About HPQ Silicon HPQ Silicon Inc. ( TSX-V: HPQ ) is a Quebec-based TSX Venture Exchange Industrial Issuer. HPQ is a technology company focused on innovation in advanced materials and critical process development. In partnership with world-class technology leaders PyroGenesis Inc. and NOVACIUM SAS —of which HPQ is a shareholder—the company is developing the materials and process technologies essential to achieving net-zero goals. HPQ activities are centred around the following pillars: For more information, please visit HPQ Silicon web site . About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY). Cautionary Note Regarding Forward-Looking Information This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities legislation (collectively, 'forward-looking statements'), including, but not limited to, statements relating to future financial or operating events or future performance of the Company, and reflecting management's expectations and assumptions regarding the Company's growth, results, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to it. In some cases, forward-looking statements can be identified by words such as 'aim', 'anticipate', 'aspire', 'attempt', 'believe', 'budget', 'could', 'estimate', 'expect', 'forecast', 'intend', 'may', 'mission', 'plan', 'potential', 'predict', 'progress', 'outlook', 'schedule', 'should', 'study', 'target', 'will', 'would' or the negative of these terms or other similar expressions concerning matters that are not historical facts. In particular, forward-looking statements include, but are not limited to, the Company's ability to develop its low-cost (Capex and Opex) manufacturing of Fumed Silica using its Fumed Silica Reactor (FSR) and enter in commercial production within the timeline, to provide high-performing and reliable advanced materials while promoting sustainability and supply chain traceability, and to position its fumed silica operation in the capital markets, the expected results of the initiatives described in this press release, and those statements which are discussed under the 'About HPQ Silicon' paragraph and elsewhere in the press release which essentially describe the Company's outlook and objectives. Additionally, the forward-looking statements include, but are not limited to, the Company's future results, the intended pilot plant testing and timeline of the Fumed Silica Reactor commercial scale up, the economic performance and product development efforts, as well as the Company's expected achievement of milestones, including the ability to conclude an offtake agreement and obtain sufficient financing for the future development on favorable terms for the Company. Further, these forward-looking statements include the Company's ability to achieve its Fumed Silica strategy and its intended results, market trends, the consumer demand for materials, the Company's competitive advantages, macroeconomic conditions, the impact of applicable laws and regulations, and any information as to future plans and outlook for the Company are or involve forward-looking statements. Forward-looking statements are based on estimates and assumptions that, while considered reasonable by the Company at the time of such statements, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. These estimates and assumptions are not guarantees of future performance and may prove incorrect. These statements rely on various factors, including current technological trends, safe and effective operations, timely delivery and installation of future production equipment at estimated prices, assumed Fumed Silica sale prices, future exchange and interest rates, political and regulatory stability, commodity prices and production costs, the receipt of necessary approvals, licenses, and permits on favorable terms, sustained labor stability, financial and capital market conditions, availability of critical supplies and equipment, tax assumptions, CAPEX and OPEX estimates, economic and operational projections, local infrastructure, and overall business prospects. Forward-looking statements are also subject to risks, uncertainties, and other factors that may cause actual results to differ materially, including the outcome of development, engineering, and planning activities, market conditions, competition, pricing pressures, risks inherent to mining exploration and development, the commercial viability of the Company's technology, project timelines, business continuity challenges, geopolitical instability, and other industry risks. Additionally, there can be no assurance that the conditions precedent of offtake agreements, product qualification requirements, and commercial operations will be met, nor that the Company will fulfill the expectations of financing partners and certifying bodies. Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company's assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company's businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in HPQ's Annual Information Form dated March 21, 2025, including in the section thereof captioned 'Risk Factors', which is available on SEDAR+ at Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that may cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. Market and industry data presented throughout this press release was obtained from third-party sources and industry reports, publications, websites and other publicly available information, as well as industry and other data prepared by the Company or on the behalf of the Company based on the Company's knowledge of the markets in which the Company operates, including information provided by suppliers, partners, customers and other industry participants. The Company believes that the market and economic data presented throughout this press release is accurate as of the date of publication and, with respect to data prepared by the Company or on behalf of the Company, that estimates and assumptions are currently appropriate and reasonable, but there can be no assurance as to the accuracy or completeness thereof. The accuracy and completeness of the market and economic data presented throughout this press release are not guaranteed and the Company does not make any representation as to the accuracy of such data. Actual outcomes may vary materially from those forecast in such reports or publications, and the prospect for material variation can be expected to increase as the length of the forecast period increases. Although the Company believes it to be reliable as of the date of publication, the Company has not independently verified any of the data from third-party sources referred to in this press release, analyzed or verified the underlying studies or surveys relied upon or referred to by such sources, or ascertained the underlying market, economic and other assumptions relied upon by such sources. Market and economic data are subject to variations and cannot be verified due to limits on the availability and reliability of data inputs, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. Further information regarding the Company is available in the SEDAR+ database ( , and on the Company's website at: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release is available on the company's CEO Verified Discussion Forum , a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders. Source: HPQ Silicon Inc. For further information contact: Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271 Email: Info@ A photo accompanying this announcement is available at
The Market Online
12-06-2025
- Business
- The Market Online
HPQ Silicon stock priced for pessimism, despite outsized upside
HPQ Silicon (TSXV:HPQ) received positive results from the world's top fumed silica manufacturer, which tested fumed silica samples from the company's pilot plant shipped last week HPQ complements its efforts in fumed silica with ongoing initiatives in critical materials markets estimated to exceed US$700 billion combined by 2030 HPQ Silicon stock has given back 51.56 per cent year-over-year but remains up by 10.71 per cent since 2020 HPQ Silicon (TSXV:HPQ), a critical materials technology company, received positive results from the world's top fumed silica manufacturer, which tested fumed silica samples from the company's pilot plant shipped last week. According to Thursday's news release, the client confirmed that the material meets the specifications for fumed silica, further validating HPQ's Fumed Silica Reactor, which produces fumed silica in one step directly from quartz. HPQ and technology supplier, Pyrogenesis (TSX:PYR), expect to receive comprehensive material analyses from the client in about five business days and apply these learnings towards process fine-tuning and quality improvements on the road to commercial production in 2027. The Fumed Silica Reactor's ability to produce material while using 86 per cent less energy compared to competing technology sets it up to claim a potentially significant share of a US$1.5 billion market. A multi-pronged, multi-billion-dollar business strategy HPQ complements its efforts in fumed silica with ongoing initiatives in critical materials markets estimated to exceed US$700 billion combined by 2030, according to the company's latest investor presentation. Here's a breakdown: HPQ's Quartz Reduction Reactor has been shown to generate battery grade silicon while using 25 per cent less feedstock than legacy competitors (US$30 billion market). A new continuous process to convert silicon to silicon oxide to silicon base anode material is also in the works, with eyes on replacing existing multi-step technology and significantly reducing operating expenditures (US$38 billion market). HPQ's most prospective initiative in terms of market size is its autonomous hydrogen extraction system using low-cost, low-carbon alloys, which holds the potential to radically reduce electricity and infrastructure expenditures across the global supply chain and catalyze the energy transition (US$648 billion market). With all of these technologies ready for commercialization in 2025, backed by strong partnerships on the path to production, HPQ is in a position to improve its prospects by collecting initial revenue, scaling towards greater operational efficiency and delivering on its tech-driven business plan. A potentially exponential opportunity Despite the company's monumental potential, the stock has failed to reflect it, giving back 51.56 per cent year-over-year and gaining only 10.71 per cent since 2020, currently standing at a market capitalization of only C$64.5 million. This is both a far cry from HPQ's multi-billion-dollar aspirations and a potentially exponential opportunity for value investors who see pessimism as fertile ground for transformational returns. Leadership insights 'Gaining direct access to the testing facilities of the world's leading fumed silica manufacturer—an organization with more than 80 years of manufacturing and market expertise—is a rare and valuable opportunity,' Bernard Tourillon, president and chief executive officer of HPQ Silicon, said in a statement. 'It significantly accelerates our validation efforts for [subsidiary HPQ Silica Polvere's] FSR technology and its ability to produce fumed silica that meets their rigorous specifications. With the milestones we've achieved in 2025 and our ongoing industry discussions, our confidence in the potential of this proprietary process to disrupt conventional production methods and address growing market demand continues to grow.' About HPQ Silicon HPQ Silicon is a Canadian green technology stock focused on producing the critical materials needed to reach net-zero emissions. The company's efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications and on-demand hydrogen production. HPQ Silicon stock (TSXV:HPQ) last traded at C$0.16. The stock has given back 51.56 per cent year-over-year but remains up by 10.71 per cent since 2020. Join the discussion: Find out what everybody's saying about this green technology stock on the HPQ Silicon Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Market Online
28-05-2025
- Business
- The Market Online
Top chemicals manufacturer fast-tracks testing with HPQ Silicon
HPQ Silicon (TSXV:HPQ), an emerging fumed silica producer, reports that top chemicals manufacturer Evonik requested samples ahead of the schedule laid out in the companies' 2024 letter of intent HPQ is a Canadian green technology company focused on producing the critical materials needed to reach net-zero emissions HPQ Silicon stock has given back 20.45 per cent year-over-year but remains up by 25 per cent since 2020 HPQ Silicon (TSXV:HPQ), an emerging fumed silica producer, reports that top chemicals manufacturer Evonik requested samples ahead of the schedule laid out in the companies' 2024 letter of intent (LOI). The news follows third-party validation of HPQ's fumed silica production – overseen by subsidiary HPQ Silica Polvere (HSPI) – at its Fumed Silica Reactor (FSR) pilot plant, which is commercializing a proprietary process that uses 86 per cent less energy than legacy methods. According to Wednesday's news release, the request came in before technology partner PyroGenesis (TSX:PYR) had finalized phase-one testing, highlighting 'the growing recognition of the unique potential of [HPQ's] Fumed Silica Reactor to convert quartz into fumed silica in a single step.' HPQ Silicon continues to advance the FSR pilot program, including focuses on increasing product purity and ramping up to a production capacity of 50 tons per year, 'confident in the potential of its proprietary technology to disrupt traditional fumed silica production and meet growing market demand,' the news release goes on to state. The fumed silica market is expected to compound at more than 5 per cent per year, surpassing US$2 billion by the end of the decade. Leadership insights 'From the start, one of the goals of the LOI has been to work directly with the world's leading fumed silica manufacturer to validate our FSR's ability to produce material that meets their specifications,' Bernard Tourillon, president and chief executive officer of HPQ Silicon, said in a statement. 'This collaboration gives HSPI access to over 80 years of real-world manufacturing and market expertise—an advantage that accelerates our development and strengthens our commercialization efforts. It's a rare and valuable opportunity.' About HPQ Silicon HPQ Silicon is a Canadian green technology stock focused on producing the critical materials needed to reach net-zero emissions. The company's efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications and on-demand hydrogen production. HPQ Silicon stock (TSXV:HPQ) last traded at C$0.18. The stock has given back 20.45 per cent year-over-year but remains up by 25 per cent since 2020. Join the discussion: Find out what everybody's saying about this green technology stock on the HPQ Silicon Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
28-05-2025
- Business
- Yahoo
PyroGenesis Confirms Receiving Accelerated Customer Request for Fumed Silica Samples
MONTREAL, May 28, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. ('PyroGenesis') ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, announced today that, further to its news releases dated May 13, 2025 & May 15, 2025, and that of today's press release issued by HPQ Silicon Inc. ('HPQ'), HPQ Silica Polvere Inc. ('Polvere') has received multiple requests for delivery of its fumed silica powder for further analysis by potential clients. These powders will be shipped within 10 days. PyroGenesis has been engaged to develop the Fumed Silica Reactor by Polvere, a subsidiary of 1 - Fumed silica produced by PyroGenesis' Fumed Silica Reactor As a result, PyroGenesis confirms that, based on discussions with HPQ: At the request of one of Polvere's previously disclosed industrial collaborators, Polvere is proceeding with an accelerated shipment of fumed silica powder for early assessment. Separately, another potential client has formally requested a sample of the material for their own independent assessment. Both requests were made as a result of HPQ and PyroGenesis' recent announcements regarding successful material collection and third-party analysis results. These shipments are taking place prior to further refinement or optimization of the material, and reflect a growing interest from industry in PyroGenesis' innovative plasma-based process for producing fumed silica directly from quartz. 'We consider these requests as an indicator of the importance of our latest milestone,' said P. Peter Pascali, President and CEO of PyroGenesis. 'We are encouraged by this proactive interest from potential industry partners and view this as a sign that the market is paying close attention to our progress. While much remains to be proven, our ultimate goal is to position PyroGenesis' process as a disruptive, sustainable alternative in the global fumed silica market and, as such, aligning it with the company's overall commitment to sustainability, innovation, and responsible manufacturing.' Fumed silica is one of the most widely used industrial materials, and can be found in thousands of products we use every day, including personal care, cosmetics, toothpaste, pet litter, powdered food, milkshakes, instant coffee, pharmaceuticals, agriculture (food & feed), adhesives, paints, inks, photocopy toner, sealants, fiber optic cables, thermal insulation, construction materials, and batteries, just to name a few. It is often used in these products as a thickening/anti-caking agent, used to stabilize and improve the texture and consistency of the end-product. PyroGenesis' involvement in developing fumed silica from quartz is part of its three-vertical solution ecosystem that aligns with economic drivers that are key to global heavy industry. Fumed powders are part of PyroGenesis' Commodity Security & Optimization vertical, where the development of advanced material production techniques, and the use of technology such as plasma to recover viable metals, chemicals, and minerals from industrial waste, helps to maximize raw materials and improve the availability of critical minerals. The Company's other verticals are Energy Transition and Emission Reduction and Waste Remediation. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information :E-mail: ir@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
PyroGenesis Confirms Production of Fumed Silica at Pilot Scale Following Independent Analysis
Yield of Fumed Silica Material Exceeds Expectations in Latest Pilot Runs MONTREAL, May 21, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. ('PyroGenesis') ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, announces today further to its news release dated May 15, 2025, and today's press release from the Company's client HPQ Silicon Inc. ('HPQ'), independent analysis of material produced during the latest phase of system testing of the Fumed Silica Reactor (the 'FSR') is in fact fumed silica. PyroGenesis is engaged to develop the Fumed Silica Reactor by HPQ Silica Polvere Inc. ('Polvere'), a subsidiary of HPQ. As previously announced, the new PyroGenesis designed FSR pilot plant has progressed through several important stages. After successfully proving out the underlying assumptions using lab scale tests, PyroGenesis is now testing the assumptions at pilot plant scale, with the current focus on validating equipment scale-up from lab to pilot plant scale and replicating the lab-scale fumed silica product quality. PyroGenesis recently announced that (i) an important milestone of producing and collecting powder in the product recovery unit known as the 'baghouse' had been achieved, and (ii) samples had been sent to an independent laboratory to confirm that (a) the powder collected was fumed silica, and (b) what was collected was what was expected, and that any impurities that are observed were not only anticipated but are in a state that was expected and which can be removed. The announcement today confirms that an independent analysis of the powder reflects that: (1) the powder collected from the baghouse is in fact fumed silica,(2) any impurities observed were not only anticipated but are in a state that was expected and which can be removed, and (3) the amount produced was greater than anticipated and as such bodes well for the ultimate economics of the project. Figure 1. TEM images of fumed silica nanoparticles, (a) Lab-Scale Silica Polvere collected from inside the Reactor (b1-b2) Pilot-Scale Silica Polvere collected from the Baghouse and (c1) Evonik Commercial Grade Aerosil 90, (c2) Evonik Commercial Grade Aerosil 150, (c3) Evonik Commercial Grade Aerosil 200 In a side-by-side comparison, the PyroGenesis material appears well aligned with the microstructure and complexity of mid to high surface area of commercial grade fumed silica produced by Evonik Corporation, typically in the range of 150 to 200 m²/g. The balance of the pilot plant program will now be focused on two primary objectives: a) first, to focus on enhancing product purity by perfecting powder morphology and viscosity, and b) second, to focus on delivering the production target goal of 50 tonnes per year (TPY). In parallel, the FSR pilot plant will undergo a series of optimization tests, which aim to: Improve process control and parameter stability, Increase silica conversion efficiency and yield, and Increase product surface areas. These efforts will provide invaluable information required for scale-up plans and equipment modifications required to make the system commercially viable. Together, the results of the characterization and optimization phases will essentially determine market fit. 'Today's announcement is a welcomed milestone which has increased the probability of success, but we must remember that until we have proven out every step, there is no guarantee that success will be the result,' said P. Peter Pascali, President and CEO of PyroGenesis, 'Having said that we are very pleased with the results of this analysis, as it confirms our theoretical expectations at a key juncture in the overall project.' Fumed silica is one of the most widely used industrial materials, and can be found in thousands of products we use every day, including personal care, cosmetics, toothpaste, pet litter, powdered food, milkshakes, instant coffee, pharmaceuticals, agriculture (food & feed), adhesives, paints, inks, photocopy toner, sealants, fiber optic cables, thermal insulation, construction materials, and batteries, just to name a few. It is often used in these products as a thickening/anti-caking agent, used to stabilize and improve the texture and consistency of the end-product. PyroGenesis' involvement in developing fumed silica from quartz is part of its three-vertical solution ecosystem that aligns with economic drivers that are key to global heavy industry. Fumed powders are part of PyroGenesis' Commodity Security and Optimization vertical, where the development of advanced material production techniques, and the use of technology such as plasma to recover viable metals, chemicals, and minerals from industrial waste, helps to maximize raw materials and improve the availability of critical minerals. The Company's other verticals are Energy Transition and Emission Reduction and Waste Remediation. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information please contact:Rodayna Kafal, Vice President, IR/Comms. and Strategic BDE-mail: ir@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
