Yava HPA Project
Yava plans to construct a Demo plant with a production capacity of 4 tons per day on a site in Montreal, Canada. Yava has completed a first Round financing of CAD $7.8 million to fund the engineering, site preparation and on-going pilot and test work. The source of financing for the plant includes approximately $10 million from SDTC, an agency renowned for its expertise in evaluating the viability of new technologies from both a technical and business perspective. The Quebec Ministry for Economy and Innovation has also issued a letter of interest to Yava indicating that it is open to participating in financing Yava’s Demo and Full-Scale HPA plants. Yava is in on-going discussions with interested lenders and equity investors regarding the financing for the Demo plant.
Yava’s engineers and architect are working on the building and plant design and expect to be ready to start construction in the second quarter of 2020.
After Yava’s Demo plant is in production, the company plans to construct two 20 tpd HPA plants that would provide Yava with a total production capacity of 44 tpd. The timing for the new plants would be dependent on end user demand.