MONTREAL, Canada — HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: 8PY1), 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 its 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 up to approximately $3 million CAD announced on February 23, 2026 is fully subscribed.
“With institutional investor support received, we are happy to say that the Offering has been fully subscribed,” said Bernard Tourillon, President and CEO of HPQ Silicon.
The closing is expected to occur by or around February 27th, 2026, or a later date that may be determined by the Company or approving entities. The Offering is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional acceptance by the TSX Venture Exchange (“TSXV”).
In the placement, 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 whole 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. The Company may compensate certain eligible finders under the Offering and may pay a cash commission of up to 6% of the gross proceeds and issue such a number of finder’s warrants of up to 6% of the total number of Units issued.
The net proceeds of the Offering are intended to 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.
HPQ Silicon is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer. With the support of world-class technology partners PyroGenesis Canada and NOVACIUM SAS, the company is developing new green processes crucial to make the critical materials needed to reach net zero emissions.
