Dear Renaissance,

Thank for posting your questions on Agoracom.

With regards to your question:

“ Do you intend to start selling high purity quartz during 2018 and bring an income in the company?”

The short answer is no.

Let me take this opportunity to explain why.  Before starting the Purevap project with PyroGenesis we had seriously look at the possibility of implementing such a strategy, but we just could not make a viable business case for that.

The fact that starting a quarry is a low capital endeavour does not make it a good business venture.

History is full of public companies that have tried to sell the dream of generating cash flow from a small-scale type mining operation to self-finance the Company development and its just does not work like that.

We say this from personal experience, Uragold was one of them, and from the work, we had to do to get the project permitted and to try to finance the venture, we can tell you that for public companies in the resources sector, Small is not beautiful…

Especially now when the regulatory constraints for small projects are the same as for a big project…

Still not convinced, then just look at the only other junior involved in Quartz exploration, Rogue Resources Inc (RRS on the TSX.V) they have invested CAD $ 5,1 M to develop such a project (they call it Silicon Ridge) and they are still far away from generating any revenues from their project.  Their market cap is about CAD$ 2M, their stock is dead because of permitting issues, and they have no blue sky left….

Heck, I believe that we will be generating revenues before RRS ever does… as our planning call for us to start generating sales in 2019 from the 200 TPA plant.

Now regarding the second part of our question:

“Do you intend to keep all the high purity quartz from Ronceveaux for the production of high purity silicon through Purevap?”

I cannot say for definitive at this time, it will depend on many variables that are still unknown to us.

This will also depend on the actual feedstock purity requirement of the Purevap reactors…

 Regards

Bernard Tourillon
CEO

Disclaimers: This post contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.