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Update on Hurricane Helene impact on The Quartz Corp

Picture mine Spruce Pine

October 2, 2024

We are very relieved to announce that all our employees have now been accounted for and are safe. Those who can are now participating into the global response effort locally.

We have been able to conduct the first visual inspections of our plants and it would appear that damage is mostly concentrated around ancillary units. It is still too early to assess when TQC will resume operations as this will also depend on the rebuilding of local infrastructure.

However, we remain confident of our ability to avoid any supply disruption for our High Purity Quartz customers. We operate a long supply chain and like many organisations we added more focus on our resilience planning post-Covid.

As a result, we have established strong levels of feed stock in Norway to supply our purification operations. Coupled with safety stocks of finished products and those that exist at different levels throughout the supply chain, we do not anticipate any critical situation for our downstream industries in the short or medium term.

For now, our focus is on reconstruction and support to our community in Mitchell County who has been so deeply hurt. Our thoughts with the ones suffering.