“PyroGenesis’ decision to exercise its option early, as we commence the next phase of commercial validation, highlights their strong commitment to our project. This move also mitigates future financing risks and eliminates a prospective obstacle in our ongoing discussions with potential partners in the development of the fumed silica business," said Bernard Tourillon, President, and CEO of HPQ Silicon and HPQ Silica Polvere. “After the exercise, Pyrogenesis will be both an equity participant and technology provider for the project, and we look forward to this collaboration.”