HPQ Silicon announces that the Private Placement Offering is Fully Subscribed

Core Viewpoint - HPQ Silicon Inc. has successfully completed a non-brokered private placement, raising approximately $3 million CAD through the issuance of 18,181,819 units at a price of $0.165 CAD per unit, indicating strong institutional investor support [1][2]. Group 1: Offering Details - The private placement consists of units, each comprising one common share and one non-transferable common share purchase warrant, with warrants exercisable at $0.25 CAD for 24 months post-closing [3]. - The offering is expected to close around February 27, 2026, pending necessary approvals from the TSX Venture Exchange [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for general working capital, accelerating the execution of the Silicon-Based Battery Material pilot plant project, and continuing the development of hydrogen-based projects [4]. Group 3: Company Overview - HPQ Silicon Inc. is focused on advanced materials technology, particularly in the production of high-purity silicon and silica for energy storage and industrial applications [1][5]. - The company is collaborating with Novacium to develop next-generation silicon-based anode materials and is also working on clean-hydrogen and waste-to-energy technologies [5][6]. - HPQ aims to become a low-cost, zero-CO₂ producer of fumed silica and high-purity silicon, positioning itself to capture growth opportunities in energy storage and clean hydrogen markets [6].