PyroGenesis Receives Exchange Approval for Block Sale of HPQ Silicon Inc. Shares
The sale was conducted as of April 10, 2024, for an aggregate purchase price of $661,447.50, representing a per share price of $0.175.
- The sale was conducted as of April 10, 2024, for an aggregate purchase price of $661,447.50, representing a per share price of $0.175.
- The transaction was previously approved unanimously by the board of directors of PyroGenesis, with Mr. Pascali abstaining.
- The QRR project is an initiative to create high purity silicon from quartz in a single step using a plasma reactor.
- This royalty stream can, at any time, be converted by PyroGenesis into a 50% ownership in HPQ’s remaining equity stake in HPQ Polvere.