MONTREAL, March 02, 2026 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), an advanced materials technology company developing innovative, low-emission processes for the production of high-purity silicon and silica used in energy storage, electronics, and industrial applications, is pleased to announce that it has closed the non-brokered private placement (the “Offering”) of 18,181,819 units (each, a “Unit”) at a price of $0.165 CAD per Unit for aggregate gross proceeds of $3 million CAD announced on February 23, 2026.
Each Unit consists of one common share of the Company (each, a “Common Share”) and one non-transferable Common Share purchase warrant (each, a “Warrant”). Each Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.25 CAD for a period of 24 months from the closing date of the Offering. All the Units under the Offering were purchasers by an investor outside of Canada.
In connection with the private placement, HPQ will pay a cash finder’s fee of $180,000 and will issue to the finder 1,090,909 non-transferable warrants. Each warrant entitles the finder to purchase one common share at an exercise price of $0.25 per share for a period of 24 months from the closing date of the placement. Any common shares issued upon their exercise prior to the date that is four months and one day following the closing of the placement, will be subject to the applicable statutory hold period.
The net proceeds of the Offering will be used for: (i) general working capital purposes; (ii) accelerating execution of the Company’s Silicon-Based Battery Material pilot plant project, announced on September 11, 2025; and (iii) continuing the development of the Company’s hydrogen-based projects.
U.S. Securities Disclaimer
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption.
About HPQ Silicon
HPQ Silicon Inc. is a Quebec-based TSX Venture Exchange industrial issuer (TSX-V: HPQ) focused on innovation in advanced materials and critical process development. In partnership with its research and development partner Novacium—of which HPQ is a shareholder—the Company is advancing next-generation silicon-based anode materials (Gen3) for batteries, commercializing its ENDURA+ lithium-ion cells, and developing breakthrough clean-hydrogen and waste-to-energy technologies, for which HPQ holds exclusive North American rights.
HPQ is also pursuing proprietary technologies to become a low-cost, zero-CO₂ producer of fumed silica and high-purity silicon, with technical support from PyroGenesis Inc. Together, these initiatives position HPQ to capture growth opportunities in the energy storage, clean hydrogen, and advanced materials markets essential to achieving global net-zero goals.
For more information, please visit HPQ Silicon web site.
On Behalf of the Board of Directors:
Bernard J. Tourillon, Chairman, President, and CEO
Tel +1 (514) 846-3271
Email: Info@hpqsilicon.com
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements. These statements rely on assumptions about technology performance, market demand, permits, financing, supply chains, and economic conditions but remain subject to significant risks, including delays, regulatory challenges, competition, pricing, financing availability, and macroeconomic uncertainties. Actual outcomes may differ materially from expectations. Detailed risk factors are outlined in HPQ’s Annual Information Form available on SEDAR+. Forward-looking information is provided solely to outline management’s future expectations and objectives.
A more detailed cautionary note regarding forward-looking information related to the HPQ Fumed Silica Reactor project is available for download [here], the HPQ Endura+ batteries project is available for download [here], and METAGENE™ technology is available for download [here].
Further information regarding the Company is available in the SEDAR+ database (www.sedarplus.ca), and on the Company’s website at: http://www.hpqsilicon.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Source: HPQ Silicon Inc.
