Developing Processes For The Low-Cost Manufacturing Of High Purity Silicon Metals For Next-Generation Lithium-ion Batteries

Achieved final critical milestones, completing a successful silicon pour

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Message: Delay of AGM

Hi Hilbertk,

It could be reasonable to assume that the change of date of the AGM is related to the financing, but that is just not the case.

The pilot plant financing and the gold spin out are not related. 

The financing of the pilot plant is only base on our Solar Grade Silicon business plan, for the institution, the value of the Gold project is Zero.  Their planned investment in HPQ is only related to the PUREVAP potential.

This having been said, it is true that the change of the date AGM is due to conditions outside our control.  We have multiple steps to complete before we can get the required approval to list, and often, you cannot start one step until the prior step has been completed and cleared by the regulatory authority in charge of that step.  That why today news about getting court approval was important.

Hope this help, and please feel free to ask questions, and if I can, I will gladly reply.

Regards,

 

Bernard Tourillon
CEO

 

 

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