Graphene And Solar Technologies Ltd
We were incorporated in Colorado on June 21, 2010 as Vanguard Energy Corporation
(Vanguard) and until June 2014 were involved in the exploration and development
of oil and gas properties in southeast Texas. We were never able to earn a profit
and in January of 2013 we began investigating the possibility of selling our
oil and gas properties.
SQTNZ is a corporation that has no prior business activity other than being
the title owner of the exclusive mining and development rights for two High
Purity Quartz (HPQ) deposits known as Quartz Hill (represented by leases ML
30235, ML 30236 and ML 30237) and White Springs (represented by leases ML 30238
and ML 30239) located in North Queensland, Australia.
HPQS is an essential primary material for the manufacture of: Photo-Voltaic
(PV) solar panels; Semiconductors; all High-end Electronic products; Fiber Optical
cables; Halogen Lamps; HD and LCD television screens; and Epoxy Mounding Compounds
(EMC).
On July 1, 2017 the company acquired all of the shares of Solar Quartz Technologies
Limited, a company incorporated in New Zealand (“SQTNZ”). These shares
were purchased from Solar Quartz Technologies, Inc. (“SQTI”). We subsequently
changed our name to Solar Quartz Technologies Corporation in Colorado and with
FINRA, and have also been cleared by FINRA to use the new trading symbol SQTX.
The Company issued 213,402,755 new shares of common stock to SQTI in exchange
for 122 (100%) of the common shares of SQTNZ. The issuance of these shares was
equivalent to 95% of the Company’s shares issued, after we committed to
issue an additional 10,021,224 shares of common stock to those who were holders
of our common stock immediately prior to the acquisition which is required by
the share exchange agreement. The Company does not anticipate any further reorganization
of its common stock. We will soon seek to apply to trade on the more senior OTCQX
exchange or NASDAQ.
SQTNZ is a corporation that has had no prior business activity other than being
the title owner of the exclusive mining and development rights for two High
Purity Quartz (HPQ) Silica deposits known as Quartz Hill (represented by leases
ML 30235, ML 30236 and ML 30237) and White Springs (represented by leases ML
30238 and ML 30239) located in North Queensland, Australia. Based on resource
estimates prepared by I J M Wilson, ARMIT, MAIG, a qualified resource appraiser
in Australia. The report is prepared in accordance with standards established
by Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves (JORC Code 204). Together they contain deposits more than 15
million tons of 99% pure High Purity Quartz which is feedstock in high demand
in the marketplace to be used in the production of High Purity Quartz Sand (HPQS)
according to independent professional reports. Based on preliminary, independent
valuation studies, previously obtained offers for purchase of the raw materials
and other considerations, the Board of Directors of the Company believes the
net present value of the recoverable deposits to be $530 million. The valuation
of these resources included consideration of the current market prices for the
materials when mined and processed, the cost of mining the quartz deposits,
mining recovery obligations, pre-processing and refining costs on a net present
value basis.
HPQS is an essential primary material for the manufacture of: Photo-Voltaic
(PV) solar panels; Semiconductors; all High-end Electronic products; Fiber Optical
cables; Halogen Lamps; HD and LCD television screens; and Epoxy Mounding Compounds
(EMC).
We are currently seeking capital to build a Stage One pre-processing plant
to upgrade the HPQ to be salable as feedstock for numerous high-tech applications.
We plan to build that plant in Townsville, Queensland, Australia, near the mine
site, and a major port city where the upgraded product can easily be shipped
to any user in the world. The current estimated cost of the facility, plus operating
capital, is approximately $10 million to build and equip. Upon completion, that
facility will be able to upgrade the raw quartz to a High Purity Quartz Sand
(HPQS) purity level that meets significant world-wide demand for use in the
manufacture of PV Solar Panels, Semiconductors and all high-end electronics.
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