HPQ Closed a Non-Broker Private Placement

Core Viewpoint - HPQ Silicon Inc. has successfully closed a non-brokered private placement of 1,883,815 common shares at a price of $0.1625 per share, raising gross proceeds of $306,120, which will be used for general working capital and to advance battery-related initiatives and ongoing R&D projects [1][2][3]. Group 1: Financing Details - The private placement consists of 1,883,815 common shares priced at $0.1625 each, resulting in gross proceeds of $306,120 [1]. - Each share issued is subject to a mandatory hold period of four months and one day, in compliance with Canadian securities laws [2]. - The financing is pending standard regulatory approvals, including from the TSX Venture Exchange [2]. Group 2: Company Strategy and Initiatives - The net proceeds from the financing will support general working capital, corporate purposes, and the advancement of battery-related initiatives [2]. - HPQ is focused on innovation in advanced materials and critical process development, particularly in next-generation silicon-based anode materials for batteries and clean hydrogen technologies [4][5]. - The company aims to become a low-cost, zero-CO₂ producer of fumed silica and high-purity silicon, supported by proprietary technologies and partnerships [5]. Group 3: Leadership Perspective - Bernard Tourillon, President and CEO of HPQ, emphasized that closing a shares-only financing without finder’s fees reflects the strength of HPQ's value proposition and provides additional flexibility for pursuing larger opportunities [3].