HPQ Silicon Inc. Announces Delay in Filing 2024 Financial Statements

Montreal, April 30, 2025 — HPQ Silicon Inc. (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a company specializing in the exploration of quartz and the production of silicon and nano-silicon materials, has announced a delay in filing its audited annual financial statements for the year ended December 31, 2024. The delay will result in the company being in default of its obligations under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations.

The delay in completing the required filings, which include the audited financial statements, management’s discussion and analysis, and related CEO and CFO certifications, is attributed to a change of auditors that occurred last year. This change has contributed to the postponement of the filing deadline, which was originally set for April 30, 2025.

Market Reaction and Company Overview

HPQ Silicon Inc., a mining company operating within the Metals & Mining industry, is listed on the TSX Venture Exchange. The company has a market capitalization of 77,020,000 CAD, with its stock closing at 0.18 CAD on April 28, 2025. This represents a significant drop from its 52-week high of 0.43 CAD on September 5, 2024, and is close to its 52-week low of 0.17 CAD, also recorded on April 28, 2025.

The company, founded in 1998, serves a global customer base and is known for its advanced material manufacturing processes. Despite the current financial reporting delay, HPQ Silicon continues to focus on its core operations in quartz exploration and silicon production.

Implications of the Delay

The delay in financial reporting may have implications for investor confidence and market perception. Investors and stakeholders are advised to monitor the situation closely as the company works to resolve the issues related to the auditor change and complete the necessary filings.

For further updates, stakeholders can visit HPQ Silicon’s official website at www.hpqsilicon.com or follow announcements on the TSX Venture Exchange.

This article is based on the latest available information and does not include speculative content. For more detailed insights, stakeholders are encouraged to refer to official company communications and financial disclosures.