hpq presentation ver 1 nov 24 2016 - hpq silicon · the terms sgsi, solar grade silicon and...

BecomingtheWorld’sLeaderinLowCostSolarGradeSiliconMetal

“Polysilicon”

HPQ - SILICONR E S O U R C E S

TSX-V:HPQ

Thispresenta,onincludescertain“forward-lookingstatements”

Allstatements,otherthanstatementsofhistorical fact, includedherein, including,without limita5on,

statementsregardingfutureplansandobjec5vesofthecompany,areforward-lookingstatementsthat

involvevariousrisks,assump5ons,es5matesanduncertain5es,andanyorallofthesefutureplansand

objec5ves may not be achieved. The terms SGSI, Solar Grade Silicon and Polysilicon are used

interchangeablyandrefertohighpuritysiliconusedinthesolarpanelindustry,with99.9999%purity,also

referredtoas“6N”.

These statements reflect the current expecta5ons or beliefs of HPQ-Silicon Resources Inc. (“the

Company”) and are based on informa5on currently available to the Company. There can be no

assurancethatsuchstatementswillprovetobeaccurate,andactualresultsandfutureeventscoulddiffer

materiallyfromthosean5cipatedinsuchstatements.Alloftheforwardlookingstatementscontainedin

thispresenta5onarequalifiedby thesecau5onary statementsand the risk factorsdescribedabove.

Furthermore,allsuchstatementsaremadeasofthedatethispresenta5onisgiven.

AninvestmentintheCompanyisspecula5veduetothenatureoftheitsbusiness. Theabilityofthe

Companytocarryoutitsplansasdescribedinthisconfiden5alpresenta5onisdependingonobtaining

therequiredcapital.ThereisnoassurancethattheCompanywillbeabletosuccessfullyraisethecapital

requiredortocompleteeachofthegrowthini5a5vesdescribed. Investorsmustrelyupontheability,

exper5se,judgment,discre5on,integrityandgoodfaithofthemanagementandBoardoftheCompany.

DISCLAIMERSHPQ - SILICONR E S O U R C E S

November2016–Page2


HPQHasrecentlydevelopedwithitspartnerPyroGenesisaone-stepSolarGradeSiliconMetalprocess

THEDisrupIveTechnologyinSolarGradeSiliconMetal

SolarGradeSiliconMetal“Polysilicon”99.9999+%Si

SiO299.0+%

Carbon

•  HighPuritySiliconMetalisafounda,onofthesolarpanelindustry

•  SolarGradeSiliconisaUS$5Billionperyearmarket,growingat15%CAGR

•  HighBarrierstoEntry:Capex,Opera,ngCost,PermiWngareresolvedinthissimpleone–stepprocess

Theresultsareradicalbutthescienceissimple


Debt free after gold spinout

CorporateandCapitalSummaryHPQ - SILICONR E S O U R C E S

*Independentdirectorsmayreceiveaddi,onalcompensa,onforprojectwork.

Management IndependentDirector(*)

BernardJTourillon,BAA,MBA RichardMimeau,B.Sc.Chairman,CEOandDirector Director

PatrickLevasseur PeterSmith,PhD,P.Eng.President,COOandDirector Director

NoelleDrapeau,LLL,MBA,PMP RobertRobitaille,B.A.,L.Ph.,MBACorporateSecretaryandDirector Director

FrancoisRivard DarylHodgesH.BSc,M.Sc..CFO Director

Auditors

RaymondChabotGrantThornton

TransferAgent

Computershares

Consultants

MarcelDrapeau,BA,B.Sc.Comm,LLLCompanyLawyer

MarcRicher-Laflèche,P.Geo,PhDTechnicalAdvisor(INRS-ETE)


SharePrice(November23,2016) $0.115 Cashandequivalentinhand

52WeekLow $0.020 Cashvalueofwarrantsinthemoney

52WeekHigh $0.305 Breakdownofwarrantsinthemoney # $

SharesOutstanding: 148,262,845 Warrantswith$0.07StrikePrice 26,805,176 $1,876,362

Warrants: 50,148,745 Warrantswith$0.10StrikePrice 464,587 $46,459

Options: 12,187,672 Warrantswith$0.15StrikePrice 4,375,000 $0

FullyDiluted: 210,599,262 Warrantswith$0.20StrikePrice 8,000,000 $0

MarketCapitalization: $17,050,227 Warrantswith$0.25StrikePrice 6,200,000 $0

MarketCapitalization(FD): $24,218,915 Warrantswith$0.30StrikePrice 2,840,909 $0

Warrantswith$0.35StrikePrice 1,462,500 $0

$1,450,000

$1,922,821

Management&Board ≈17% ≈25%(FD)KeyInvestorGroup ≈18% ≈17%(FD)Fancamp ≈4% ≈7%(FD)Institutions ≈4% ≈6%(FD)TaiwaneseGroup ≈2% ≈3%(FD)PyroGenesis ≈2% ≈2%(FD)

TOTAL ≈47% ≈60%(FD)

MajorInvestors

HPQSiliconplanstobecomeaver,callyintegratedSiliconMetalCompany

CorporateStructureandBusinessesHPQ - SILICONR E S O U R C E S


Subsidiaries BEAUCEGOLDFIELDSINC

QUARTZPROPERTIES

PUREVAPQRR

BEAUCEGOLD

PROJECT

RONCEVAUXGOLD

OPTION

QuartzQuarries

ProductsHighPurityQuartz

by-products

SolarGrade

SiliconMetal

SpecialtyGrade

SiliconMetalandSiliconCarbide

MetallurgicalGrade

SiliconMetal

Purity 99.99+%SIO2 99.9999+%SI99.6+to

99.999%SIorSiC

98.0%to99.5%SI

MarketSize ≈100KMTperYear

≈350KMTperYear

Smallmarket ≈2.2MillionMTperYear

AveragesellingpriceinKg(USD)

>$5.00$13.00to$16.00 >$5.00

$2.40to$2.80

2016-2017developmentstepsforHPQ

Explorationworktostart,

goaldelineatingresourcesonProperties

OngoingR&Dtovalidate

PurevapQRRcanproduce6Npurity

HPQSiliconResourcesInc.

Divisions

GoldassetsplannedtobespunouttounlockvalueduringQ42016/Q12107

Ownership:100%now,20%afterspinout

Labscalevalidationreached,buildingpilotplanttoconfirm

commercialscalability

OutsourcingR&DAndPartneringWithTheIndustryLeader



STRATEGICDEVELOPMENTAGREEMENTWITHPYROGENESIS

•  HPQhasacquiredtheintellectualpropertyrightstothePUREVAP™QRRprocessandwillfinancethedevelopmentasitrelatesexclusivelytotheproduc5onofsiliconmetalfromquartz(*)

•  PyroGenesisisdevelopingforHPQ-Silicon’sexclusiveusethePUREVAP™QRR(PatentPending)a1Step,CleanTechprocessformakingSGSidirectlyfromQuartz,usingaplasmasubmergedarc

•  PyroGenesiswillbuildandcommenceproduc5onfroma200TPYSGSiR&Dpilotplant(PressreleasesAugust2,2016,September30,2015)

VALIDATION

•  HPQconfirmsthePUREVAP™QRRprocesscantransformQuartzinto>99.9%SiliconMetal(Si)

•  HPQannouncesindependentconfirma5onvalida5ngthePUREVAP™QRRcapabili5esof•  Produc5onofupto99.97%(3N+)duringphase1test

•  Demonstratedtheremovalofkeyimpuri5esfromthefinalproduct,notablyBoron(B)

•  Secondphaseoftes5ngunderway(PressreleasesJune29,September1andSeptember29,2016)

•  HPQannouncesonNovember2,2106thatthePUREVAP™QRRiscapableof

•  Using97.57%SiO2feedmaterial,(belowminimalindustryspecifica5onforFerrosilicon)ands5llproduce

HighPuritySiliconMetalof99.936%Purity

RAPIDPROGRESSSINCEFINALIZINGAGREEMENT

*PyroGenesisretainsaroyalty-free,exclusive,irrevocableworldwidelicensetousetheprocessforpurposesotherthantheproduc5onofsiliconmetalfromquartz



Silicondioxide,Silica,QuartzandSiO2,Synonymfortheworld’smostcommonmineral…HighPuritydeposits(SiO2>99.0%)withlowimpuri-esarerare!HighPurityQuartz:TheKeyToProduceMetallurgicalGradeSiliconMetal(MGSi)•  Today’sKeyGreenStrategicMineralsWithApplicaIonsInTheSilicone,Aluminium,SolarAndHigh

TechIndustries•  Designated A CriIcal RawMaterials For The EU In 2014 AndA CriIcal Ingredients ForMaking

Aluminum,SolarPanelsAndOtherProductsByTheUSDepartmentOfJusIceIn2015

PresentlySolarGradeSiCanOnlyBeMadeByRefiningMGSiIntoHigherPurityMaterial

SILICA/QUARTZ/SILICONMETAL101HPQ - SILICONR E S O U R C E S

Purity 99.5%to99.7%Price(US$/Ton) 40to60CashCost(US$/Ton) 20to30SupplyPicture InequilibriumPriceTrend Stable

Quartz/SiO2ForMGSi

SiO2ToMGSi MGSitoSGSi

SiPurity 6Nto9NMarketSize(Ton) ≈350KTonsMarketSize(US$) ≈5BillionDemandGrowth ≈15%CAGRSupplyPicture InDeficitPriceTrend UpPrice(US$/kg) 12.80to15.67CashCost(US$/kg) 12.0to17.0CapexCost(US$/kg) 75to100

SolarGradeSIandHigher

2015Data(SourcesCRU,GTW,IEEEJOURNALOFPHOTOVOLTAICS,VOL.5,NO.2,MARCH2015,Bloomberg)

SiPurity 98%to99.5%MarketSize(Ton) ≈2.2MillionTonsMarketSize(US$) ≈6BillionDemandGrowth ≈6%CAGRSupplyPicture InequilibriumPriceTrend Upfrom2016Price(US$/kg) 2.4to2.8CashCost(US$/kg) 1.75to2.25CapexCost(US$/kg) 7to14

MGSI

2015Data(SourcesCRU,Ferroglobe,Bloomberg,Viridis.oq,Roskill)


MGSiliconMetal98.0%to99.5%Si

ElectricArcFurnaceSiO299.5%+Coal+WoodChips

CURRENTTECHNOLOGYPROCESSvs.PUREVAP™HPQ - SILICONR E S O U R C E S

MGSiliconMetalIsDissolvedInHydrochloricAcidToFormTrichlorosilane(HSiCl3)

SolarGradeSiliconMetalPolysilicon99.9999+%SiSIEMENSReactor

Trichlorosilane(HSiCl3)isFurtherRefined

SolarGradeSiliconMetal“Polysilicon”99.9999+%Si

SiO299.0+%

Carbon

PUREVAP™QuartzReducIonReactorAProprietary(PatentPending)One-stepProcessToMakeSolarGradeSiliconMetal


SIMPLEPUREVAPTM1-STEPPROCESS“ELEGANTINITSSIMPLICITY”

+PlasmaArc

Silicon

Vacuum

Impuri,es

ONESTEP

QuartzReduc,onReactor•  Quartzreduc5onwithcarbonusingplasmasubmergedarc

•  Siliconrefiningundervacuumtoremoveimpuri5es

VacuumArcFurnace•  Reachingverylowairpressurelevel

ü  (mbar)•  Veryhightemperatureplasmaarc

ü  +3500degC•  Resul,nginvaporizedimpuri,esbefore

Sicanvaporize

ü  P,K,Mg,Zn,Ca,Mn,Pb,Al,Fe,etc


SolarGradeSiliconMetal“Polysilicon”November2016–Page10

PUREVAPTMPROVENCONCEPTATLABSCALEHPQ - SILICONR E S O U R C E S

CaptureoftransiIonfromCtoSiCtoSiusingPurevapTM

SEM-EDXimagefromtestdoneatCentredeCaractérisa5onMicroscopiquedesMatériaux(CM2)

Phase1Tes5ngProgramconfirmedthatthePUREVAPtmQuartzReduc-onReactor(“QRR”)conceptofcombiningdifferentknownstepsintoaonestepprocessisworking•  Test results clearly indicate that the process can successfully remove impuri5es from the material while

transformingSiO2intoSiliconMetal(Si)inonestepaspredictedbyPyroGenesisTheore5calModel

Elem. #6 #7 #9 #10 #15Al 86% 96% 98% 97% 74%B 97% 98% 91% 83% 96%Ca 12% 23% 99% 96% 82%Fe -208% 61% -214% -148% 7%P 94% 97% 67% 78% 92%Ti -321% -63% -93% -49% -93%

ImpurityremovalperPhase1testthatproducematerial

>99.9%SiliconMetal

Transi,onalSilicon-Carbide

Carbon“skin”


0

4

8

12

16

20

24

28

32

0 40,400 80,800 121,200 161,600 202,000 242,400 282,800 323,200 363,600 404,000

Uni

t Cos

t ($/

kg)

Capacity (MT/Year)

2016 Average Spot Price $16.92

CashCostvs.CapacityforallSGSiManufactures

PUREVAP™QRRPotenIalOpexRange

(CashCost)

Source:Compe5torreleases,industryanalysts,RECSiliconMarketIntelligence,SilicorMaterialsInc


PUREVAP™OPEXDISRUPTIVEPOTENTIAL

SilicorMaterialsInc.isinves-ngUS$665MilliontobuildanewpantinIcelandthatwillhaveacashcostof

US$7perKG.


PUREVAP™CAPEXDISRUPTIVEPOTENTIALHPQ - SILICONR E S O U R C E S

•  PUREVAPTMQRRPilotplantwithitsUS$18.5CapExperkgofcapacityhasthepoten5altotransformquartztoSolarGradeSi inonestepandbecomingthedisrupIvetechnologyfortheSolarindustry

FollowingPilotScaleValida,onofthePUREVAP™QRRprocess;

•  Thegoalwillbetomovetoacommercialphase,withanobjec5veofbuildingcapacity

capableofproducing20,000TPYofSGSiwithin5-7yearsNovember2016–Page13

Technologies FeedMaterial

CapableofTransforming Si02toCapableofUpgrading MGSitoNumberofeffectivecompetitors

KeyCapexmatrixMinimumCapacityRequirement(MT)

CapExperKgofannualinstalledcapacity(US$/kg)

CapitalCostrequirements(US$million)

NEWTECHNOLOGY

SiemensHC FBRReactorwithSilane

SilicorAluminumSolventRefining

PUREVAPQRRR&DPilotPlant

PUREVAPQRRCommercialplant

SolarGradeSi SolarGradeSiSolarGradeSi SolarGradeSi SolarGradeSi

1

19,000 200 10,00070(U.S.) 100(U.S.)45(China) 75(China)455(U.S.) 650(U.S.)292(China) 488(China)

17

6,500

35

665

18 4

4 38

(all$valuesinUSD)HPQTECHNOLOGY

CapitalCostPerTechnologiesAvailableToProduceSGSiMaterial

EXISTINGTECHNOLOGY

SOURCES: SilicorMaterials PyroGenesisCanadaInc(PRAugust2,2016)

RougOrderofMagnitudeStudybyPyroGenesis

IEEEJOURNALOFPHOTOVOLTAICS,VOL.5,NO.2,MARCH2015

2016R&D–PilotPlantWorkOutline

1.   Labscaletes,ngareongoingun,ltheendofJanuary2017I.   ResultsarebeingusedasthebasisfortheFurnace'sSec,ondesign

2.   DetailedEngineeringWorkInProgress:

i.   GeneralProcessDesign

ii.   ProcessSimula,on

iii.   Processflowdiagram(PFD)

iv.  Pipingandinstrumenta,ondiagram(P&ID)

3.   ProcessDrawingsI.   TobecompletedbytheendofDecember2016



Phase 1: Detailed Engineering

Process Engineering

Mechanical Engineering

Electrical Engineering

Automation Engineering

Phase 2: Pilot Plant Fabrication

Equipment Sourcing

Equipment Delivery & Inspection

Fabrication, Assembly & Installation

Sep-17 Oct-17 Nov-17Task Name

Sep-16

ScheduleOct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17


DesignandPilotPlantFabrica,onSchedule

Phase3:HotcommissioningofPilotPlantschedulefromNov2017

Phase4:Tes,ngandOpera,ngPilotPlantschedulefromMarch2018


PUREVAP™PILOTPLANT:CAPITALNEEDS,TIMING

Thetotalcost topurchaseandcommissionthePUREVAPTMQRRPilotPlantandrelatedIntellectualPropertyisCDN$8,260,000overthenext30months:

•  $1,000,000forpurchaseoftherelatedIntellectualProperty(Completed)•  $4,430,000fordesign,fabrica5on,assembly,coldcommissioning&tes5ng($490KDone,over,metoOct-2017)•  $520,000forhotcommissioningofthepilotsystem(TobepaidFromNov-2017toFeb-2018)•  $2,310,000fortes5ngandopera5ngthepilotsystemduring10months(TobepaidFromMarchtoDec-2018)

TheProjectedCashcalloverthenext30monthsare:•  $1,900,000fortheremainderof2016

•  $2,296,000for2017

•  $2,570,000for2018

HPQSiliconfundingadvantages:

•  HPQwillbeen5tledtoR&Dresearchcreditsworthabout30%ofCDN$7,260,000oftheprogram

•  Theprojectiseligibleforgovernmentfunding(ProvincialandFederal)for55%to80%ofthecosts

•  OverCDN$1,900,000worthofwarrantsareinthemoney,majorityinfriendlyhands•  Theacquisi5onofPUREVAPTMIntellectualpropertyopensupaddi5onalop5onsforfinancing

becauseinvestorswanttoseedirectcontroloverthekeyintellectualproperty

•  Managementisexploringseverallikelynon–dilu5vepathsforfinancingthePilotPlant



HPQ–PUREVAP™RAWMATERIALHPQ - SILICONR E S O U R C E S

•  HPQ-Silicon isthelargestholderofHighPurityQuartzproper,esinQuebec,withover3,500Haunderclaims

•  The High Purity Quartz from our Roncevaux property is already in high

demand,as itsuccessfullypassedrigoroustes5ngprotocolsofamajorsilicon

metalproducer


•  12HighPurityQuartzDepositsInQuebec•  61ClaimsTotaling3,500Ha

•  AllClosetoTransport,Infrastructure&TargetMarkets

QUARTZPROPERTIESLOCATIONHPQ - SILICONR E S O U R C E S


HPQVERTICALINTEGRATIONSTRATEGY

PlansAreToEstablishHPQQuarryOpera,onsinordertomeetourRawMaterialRequirementForFuturePUREVAP™QRRPlants.

•  InparalleltoscalingupourPUREVAP™QRR process,HPQwillbedevelopingtheRoncevauxQuartzPoten5al,withagoalofdelinea5ngasignificantresourceontheProperty

•  EventwhenasignificantresourceisdelineatedontheRoncevauxproperty,workona

Preliminary Economic Assessment (PEA) will only be undertaken when required for

permitngpurposes

•  Un5l that 5me, all our financial models will assume purchasing the raw High Purity

Quartzrequiredfortheplantsintheopenmarketatmarketprices

•  Upon successful start of quarry opera5ons on Roncevaux, HPQ Silicon will be a fully

integratedSiliconMetalProducer




HPQPUREVAP™Proprietarytechnologyis:•  LowOpex,LowCapex,MinimalCarbonFootprintandEnvironmentallyfriendly

•  Lessthan20%oftheIndustry’scashcost,•  5%ofIndustryCapex,and

•  Witha75%reduc,onincarbonfootprintsincetheProcessises,matedtogenerate14.1kgCO2eqperKgSGSiproducedcomparedtothestandard2stageprocesscurrentlyinusethatgeneratesabout54.0kgCO2eqperKgSGSiproduced

WhyInvestinHPQNow?

HPQIsCanada’sOnlyPublicPurePlayInvestmentIntheLucraIveSolarGradeSiliconMarket

HPQSiliconhasastagedplantobecomeacapitalefficientintegrated

producertoarapidlygrowingindustry


Appendix(SupporIngSlides)


TSX-V:HPQ


HPQAndTheSolarPVManufacturingSpace


Successfully Going From Quartz To CrystallisaIon in one step, HPQ CouldReduce The Cost Of Solar Cell Systems Enough To Make Solar Energy TheGreenestAndLowestCostEnergySource

Tradi,onalSolarCellManufacturingandImpuri,es

DiagramRef:GianlucaCole\2012]p://]p.ecn.nl/pub/www/library/report/2012/o12048.pdf

GrowthinMGSiConsump,onExpectedtoAcceleratefromHistoricalLevels

KMT

$/t

3,500

3,000

2,500

2,000

1,500

1,000

500

0

20072008200920102011201220132014201520162017201820192020

WesternWorld China

RisingMGSiDemandExpectedtoDrivePriceRecoveryin2017-2020

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

0

20072008200920102011201220132014201520162017201820192020

USA Europe Source:CRU2015,FerroglobeNote:Siliconconsump-on,pricing,andcapacitydataarefromCRU.

Japan


GROWINGMETALLURGICALGRADESILICONMETALMARKET

n  MGSi2015consump5onwas2.2MillionTons;

•  >$US6billioninworldwidesales

n  Demandisexpectedtogrowat6.0%CAGRfrom2016–2020

n  CRU forecasts a 2017-2020 price recovery for MG SidrivenbyrisingMGSidemand

n  In 2015, 15%ofGlobalMGSi (98.5% Si) produc,onwas further refined to Solar Grade Si (SG Si, or“Polysilicon”)at99.9999%(6N)purity

•  350KTonsofSGSiwassoldin2015(≈$US5Billion)

n  Growthwill be largely driven by the growing demandforSolarGrade(SG)Si(Polysilicon)materialtobeusedinPhotovoltaic(PV)solarpanels

n  EachWay(W)ofenergyproducedbyaPVsolarsystemdemands≈5grofSGSi

n  GTMResearch es5mates that Installed PV demand togrowth 15 % - 23 % annually, represen5ng about 10Gigaway(GW)peryear

n  Significant SG Si Deficit are forecast from 2017 on asGigaway(GW)producewithSolarpanelsincreases


LowSGSi(Polysilicon)Produc,onLimi,ngPVGrowth

Source: Demand Data Installations: GTM Research, PV Pulse, January 2016 Supply Data: Competitor releases, industry analysts, REC Market Intelligence

Semi Semi Semi Semi Semi

ROW ROW ROW

China Top 3

China Top 3 China Top 3

China Top 3

China Top 3

Other China Other China Other China

Other China

Other China

41GW

59GW 64GW

78GW

0

100

200

300

400

500

2014 2015 2017 2018

Pol

ysili

con

(kM

T)

SG Si (Polysilicon) Supply/Demand Forecast

2016

Total SG Si Demand

(70)

(60)

(50)

(40) ROW

ROW

(30)

(20)

(10)

0

10

20 95GW

2014 2016 2017 2018

Pol

ysili

con

(kM

T)

SG Si (Polysilicon) Market Balance Forecast

2015

Supply Excess Supply Deficit



PUREVAP™EnvironmentallyFriendly

CarbonFootprint75%LowerThanConven,onalProcess.ThePUREVAP™QRRprocessises5matedtogenerate14.1kgCO2eq/KgSGSi;

TheSiemensprocess(theindustrystandard)normallygenerates54.0kgCO2eq/

KgSGSiofemissions.*

•  Thisrepresents75%fewergreenhousegasemissions,whichisjus5fiedbyelimina5on

oftheemissionsemana5ngfromtheuseofchemicals,aswellas,energyconsump5on

fromtheaddi5onalpurifica5onstep.


*Source:R.Glöckner.M.deWild-Scholten.Energypayback-meandcarbonfootprintofElkemSolarsilicon.27thEuropeanPhotovoltaicSolarEnergyConferenceandExhibi5on November2016–Page25

PUREVAP™RECAPHPQ - SILICONR E S O U R C E S


NEWTECHNOLOGY

Technologies FeedMaterial

Traditionalelectrical

Arc-FurnacesSmelters

SiemensHC FBRReactorwithSilane

SilicorAluminumSolventRefining

PUREVAPQRRR&DPilotPlant

PUREVAPQRRCommercialplant

CapableofTransforming Si02to MGSi SolarGradeSi SolarGradeSiCapableofUpgrading MGSito SolarGradeSi SolarGradeSi SolarGradeSi

>100 1

35,000 19,000 200 10,0007(U.S.) 70(U.S.) 100(U.S.)

4.5(China) 45(China) 75(China)245(U.S) 455(U.S.) 650(U.S.)158(China) 292(China) 488(China)

1.8 13 10 7 10 2

14.2 39.8 ? ? 14.2 7

Ferroglobe,Viridis.iQGmbH,Bloomberg

SilicorMaterials PyroGenesisCanadaInc(PRAugust2,2016)

RougOrderofMagnitudeStudybyPyroGenesis

BestinClassReportedCashCost(US$/kg)KeyGreenmatrix

KgofCo2estimatedtobeproduced(KgC02eq/kgSiproduced)

SOURCES:IEEEJOURNALOFPHOTOVOLTAICS,

VOL.5,NO.2,MARCH2015

4

CapitalCostrequirements(US$million) 665 4 38

KeyOpexmatrix

KeyCapexmatrixMinimumCapacityRequirement(MT) 6,500

CapExperKgofannualinstalledcapacity(US$/kg) 35 18

CapitalCostPerTechnologiesAvailableToProduceSGSiMaterial(all$valuesinUSD)

EXISTINGTECHNOLOGY HPQTECHNOLOGY

Numberofeffectivecompetitors 7 1

hpq presentation ver 1 nov 24 2016 - hpq silicon · the terms sgsi, solar grade silicon and...

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