Bernard,

First of all, thanks to you and your team for not only doing an amazing job running HPQ, but also an amazing job keeping the shareholders informed in an honest and zero-BS kind of fashion, it is VERY appreciated.

I can tell you that everyone is very excited about the commercial scaling of the PUREVAP process, the incredible agreement signed recently with Pyrogenesis, and the excellent addition of Sheldon Inwentash to the team. 

On August 12th, there was a news release that contained the following:

"Presently HPQ cash on hand, liquid investment in public companies, and cash reserved for the PUREVAPTM QRR pilot plant project, total $4,725,221. In addition, the $11,482,557 cash value of outstanding in the money warrants and options, (80% of those are owned by PyroGenesis, Investisement Québec (IQ), insiders and strategic investors), provides HPQ access to over $16M. This is enough sources of funds to develop, to commercial scale, the game changing PUREVAP™ family of processes HPQ is developing with Pyrogenesis ........"

On Spetember 1st, there was a news release thatcontained the following:

"HPQ Silicon Resources Inc. (“HPQ” or “the Company”) TSX-V: HPQ; FWB: UGE; Other OTC : URAGF; is pleased to announce that it is closing a non-brokered private placement of 4,500,000 units ("Unit") at $0.60 per Unit for gross proceeds of $2,700,000......"

and

"Placement Terms: Each Unit will be comprised of one (1) common share and one (1) common share purchase warrant (“Warrant") of the Company. Each Warrant will entitle the Subscribers to purchase one common share of the capital stock of the Company at an exercise price of $ 0.61 for a period of 36 months from the date of closing of the placement"

By my calculations this equates to $2.7mil now, and a grand total of just over $5.4mil in overall cash from the placements when the warrants are executed.

Are you able to share what the plan is for this new raised capital, and if so, how will it be spent?

Many thanks and Cheers!