In a recent interview, HPQ CEO Bernard Tourillon discussed the company’s newly announced MOU to advance a proposed $27 million commercial fumed silica plant with a strategic industrial partner.
Key takeaways from the discussion:
✅ The proposed joint venture is supported by secured project financing from the partner
✅ The plant would produce 1,000 tonnes per year of commercial Grade 150 fumed silica
✅ “Test 7” results confirming commercial-grade material marked a turning point
✅ The contemplated structure includes recurring royalties per kilogram sold
✅ Delivery is expected within approximately 12 months of a definitive agreement
Why Announce a Non-Binding MOU?
Tourillon explained that as discussions expanded across multiple stakeholders, HPQ chose to formally inform shareholders to maintain transparency and avoid potential information leakage.
While negotiations and validation remain ongoing, secured financing and industrial engagement signal that pilot-scale validation is transitioning toward commercial execution.
By Watching the Interview, You’ll Learn:
- Why confirmation of 150 m²/g commercial-grade material changed industry dynamics
- How the royalty structure aligns HPQ with long-term operating revenue
- The importance of the $20M USD secured project financing
- Why this could evolve into a repeatable industrial deployment model
Watch the full interview here:
Want to Learn More?
If this interview piqued your interest and you want to dive deeper into the work we’re doing, make sure to read the related press release here.
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HPQ Silicon is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer. With the support of world-class technology partners PyroGenesis Canada and NOVACIUM SAS, the company is developing new green processes crucial to make the critical materials needed to reach net zero emissions.
