OVERVIEW

Timminco Solar, a division of Timminco Limited’s wholly-owned subsidiary Bécancour Silicon Inc., produces solar grade silicon (SoG Si) for the solar photovoltaic industry using a proprietary and relatively low energy-intensive purification process.

Timminco Limited (TSX: TIM) is a producer of silicon metal for the chemicals industries (used in silicones, as well as in polysilicon for electronics and solar energy) and the aluminum industries through its wholly owned subsidiary Bécancour Silicon Inc. and its majority owned production partnership with Dow Corning Corporation, known as Québec Silicon. The silicon metal production facility in Bécancour, Québec has been in operation for more than three decades and is one of the largest producers of silicon metal in North America. The expertise developed in manufacturing silicon metal was the foundation for the development of our proprietary purification process and our solar grade silicon product line.

All of the manufacturing operations for our silicon business, including Québec Silicon’s silicon metal operations and Timminco Solar’s solar grade silicon operations, are located in Bécancour, Québec, which is approximately 125 km southwest of Québec City, Canada.

VISION

Timminco Solar’s vision is to leverage our proprietary purification process for the production of solar grade silicon to become an established supplier to the solar photovoltaic industry.

“Given the long-term economics of the solar photovoltaic industry, the need exists for a less energy-intensive silicon feedstock that will lower costs and improve the electricity payback of photovoltaic systems. With the potential advantages of lower capital costs and as much as four-times less electric energy consumption, we believe our solar grade silicon has the potential to play an important role in the development of the solar industry.”

HISTORY

2005	Initiated R&D to develop solar grade silicon in response to market shortage of high-purity polysilicon.
2007	Entered the solar market with a newly developed metallurgical process and produced and sold 89 tons of solar grade silicon. Installed and commissioned three lines of production.
2008	Produced and sold more than 1,000 tons of solar grade silicon.
2009	Installed and commissioned four additional lines of production. Spot price of polysilicon drops from $400/kg in 2008 to $50/kg in 2009 leading to a material drop in customer demand.
2010	Suspended solar grade silicon production pending recovery in customer demand.

MANAGEMENT

Julien Y. Crisnaire, General Manager

Mr. Julien Crisnaire is General Manager of Timminco Solar, a position he has held since July 2011. Before joining Timminco Solar, Mr. Crisnaire worked in various roles within Corporate Development at AMG Advanced Metallurgical Group N.V., Timminco Limited’s significant shareholder, since April 2008, and also as Operations Director of AMG Conversion Ltd., a wholly-owned subsidiary of AMG focusing on the manufacturing and marketing of solar grade silicon ingots, bricks, and wafers made with Timminco Solar’s solar grade silicon. In such roles, Mr. Crisnaire was instrumental in developing and implementing AMG's business strategy in respect of the solar industry, and has also worked closely with Timminco to coordinate efforts between the two companies regarding production and sales of solar grade silicon products. Prior to AMG, Mr. Crisnaire was Commercial Development Analyst at Invista, a unit of Koch Industries. He started his career as a Process Engineer for the City of Philadelphia Water Department. Mr. Crisnaire received a Bachelor of Science degree in Chemical Engineering and a Master of Business Administration, both from the University of Delaware.

Millicent M. Poon, Director of Finance

Ms. Millicent Poon is the Director of Finance for Timminco Solar, a position she has held since July 2011. Ms. Poon joined Timminco Limited in May 2008 and held the position of Director of Corporate Development until her appointment as Vice President, Financial Planning and Corporate Development in August 2011. From 2005 to 2008, Ms. Poon worked as an Investment Associate with private equity fund Catalyst Capital Group Inc., specializing in control and / or influence investments in distressed and undervalued companies. From 2000 to 2005, Ms. Poon was a Manager at PricewaterhouseCoopers LLP Corporate Advisory and Restructuring group, specialized in advising lenders on debt restructuring alternatives for non-performing credits in Latin America. Ms. Poon started her career with Deloitte & Touche LLP as an auditor. She has received a Bachelor of Commerce (Honours) degree from the University of British Columbia, and earned her Chartered Accountant designation in 2000 and her Chartered Financial Analyst designation in 2003.