Successful First Stage of Pilot Plant Testing, Name Change, and Appointment of Chief Operating Officer
Lachute, Québec--(Newsfile Corp. - November 22, 2022) - Québec Silica Resources Corp. (CSE: QTZ) ("QTZ" or the "Company") is pleased to announce that pilot plant testing has been successful in producing the required size and geometry specifications required for HPQ Silicon Inc.'s ("HPQ") PUREVAP technology. The Company plans on delivering a representative sample to HPQ in the coming weeks to ensure compatibility with the PUREVAP technology. If testing with the PUREVAP technology is successful, QTZ will process and deliver the remaining tonnage to HPQ as per the memorandum of understanding (MOU) described in the Company's September 14th news release.
"Our vision of being part of a local supply chain for the battery technology industry is one step closer to a reality." Stated Raymond Wladichuk, CEO of QTZ.
The Company also announces the appointment of Luticia Miller as the Company's Chief Operating Officer. Ms. Miller is the Founder & Principal of NineIrons Solutions, an energy project strategy & development firm. Her background is primarily in the Energy Construction industry, where she was a leading analyst and Project Management Office (PMO) specialist.
Ms. Miller is an Executive Board Member for CFAR, the Circle for Aboriginal Relations, advocating for authentic, relationship-based co-creation between Indigenous and non-Indigenous industry players, prioritizing equity-based partnerships. She also serves on the steering committee of the Alberta IoT Fast Track Program's Angel Investment Group, facilitating investor access to scale-ready, advanced technology innovations from the Alberta ecosystem.
She holds an Executive MBA from the Queen's University, Smith School of Business and was the recipient of the Sandler Foundations Scholarship-in-Kind for Indigenous Business.
The Company will change its name from "Québec Silica Resources Corp." to "Québec Innovative Materials Corp." to better reflect the Company's diversified portfolio of natural resource assets consisting of silica, hydrogen, and helium properties. The name change is subject to the Canadian Securities Exchange ("CSE") acceptance. The Company will provide further confirmation regarding the effective date for the name change as well as the new CUSIP number and trading symbol once it completes the review procedures with the CSE
About Québec Silica Resources Corp.
Québec Silica Resources Corp. is a mineral exploration and development company focused on exploring, developing, and acquiring industrial mineral resources in Québec, Canada. The Company is currently focused on its wholly-owned Charlevoix Silica Project near St. Urbane, Québec, Canada, and has a portfolio of multiple silica properties in Québec.
Additional information on Québec Silica. is available at www.QuébecSilica.com.
Raymond Wladichuk, P.Geo. (OGQ permit no. 02287), is a qualified person, as defined by NI 43-101, and takes responsibility for the technical information contained in this new release.
On Behalf of the Board of Directors,
QUÉBEC SILICA RESOURCES CORP.
"Raymond Wladichuk, P.Geo."
Chief Executive Officer
For further information, please contact:
Elyssia Patterson - CFO
Tel: +1 (833) 4 SILICA
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Quebec Silica's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although Quebec Silica believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Quebec Silica to implement its business strategies; competition; and other assumptions, risks and uncertainties.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
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