HPQ Silicon Inc. Completes $3 Million Non‑Brokered Private Placement to Fund Growth Initiatives
HPQ Silicon Inc. (TSX‑V: HPQ, OTCQB: HPQFF, FRA: O08), a Quebec‑based mining and advanced‑materials company, announced on March 2, 2026 that it has successfully closed a non‑brokered private placement of 18,181,819 units at a unit price of $0.165 CAD, generating aggregate gross proceeds of $3 million CAD.
Structure of the Offering
Each unit consists of one common share and one non‑transferable common‑share purchase warrant. The warrants are exercisable at $0.25 CAD per share for 24 months from the closing date. In addition, HPQ will issue 1,090,909 non‑transferable warrants to a finder in exchange for a cash finder’s fee of $180,000. Shares exercised before 124 days after the closing will be subject to the statutory hold period.
The units were purchased by an investor located outside Canada, reflecting confidence in the company’s technology and growth prospects from international capital markets.
Use of Proceeds
The net proceeds will be allocated to:
- General working capital – to support day‑to‑day operations and liquidity.
- Accelerating the Silicon‑Based Battery Material pilot plant – a key component of the company’s strategy to commercialise high‑purity silicon for energy‑storage applications.
- Advancing hydrogen‑based projects – including clean‑hydrogen and waste‑to‑energy initiatives that position HPQ to capture emerging opportunities in the clean‑energy sector.
These uses align with HPQ’s stated mission to develop low‑emission, high‑purity silicon and silica for electronics, energy storage, and industrial markets, as highlighted in the company’s recent disclosures.
Market Context
The company’s share price as of February 23, 2026 stood at $0.20 CAD, within a 52‑week range of $0.14 to $0.24. Despite a negative price‑earnings ratio of –11.68, the placement demonstrates investor appetite for HPQ’s advanced‑materials technology and its partnership with research collaborators such as Novacium.
HPQ’s market capitalization is approximately $86.17 million CAD, reflecting its status as a small‑cap entity on the TSX Venture Exchange. The private placement injects fresh capital to scale operations and support the company’s strategic milestones.
Forward‑Looking Statements
The company’s release includes forward‑looking statements regarding technology performance, market demand, regulatory approvals, and financing. These statements are subject to risks such as project delays, regulatory changes, and market volatility. HPQ cautions that actual outcomes may differ materially from the expectations expressed.
Conclusion
By closing a $3 million non‑brokered private placement, HPQ Silicon Inc. has secured the financial resources necessary to accelerate its pilot plant for silicon‑based battery materials and expand its hydrogen‑related projects. The transaction underscores investor confidence in HPQ’s innovative approach to producing high‑purity silicon and silica, and its potential to contribute to global net‑zero targets.
