HPQ Silicon Closed $3.0 Million Non-Brokered Private Placement

Executive Summary

• HPQ Silicon Inc. closed a non‑brokered private placement of 18,181,819 units at CAD $0.165 per unit, generating gross proceeds of CAD $3 million.
• Each unit includes one common share and one non‑transferable warrant; the warrants are exercisable at CAD $0.25 for 24 months.
• Net proceeds will fund general working capital, accelerate the Silicon‑Based Battery Material pilot plant project, and support ongoing hydrogen‑based initiatives.

Key Details

• Units sold: 18,181,819 units (each = 1 common share + 1 non‑transferable warrant).
• Price per unit: CAD $0.165.
• Gross proceeds: CAD $3 million.
• Warrant terms for investors: Exercise price CAD $0.25 per common share; exercisable for 24 months from closing date.
• Finder’s fee: $180,000 cash paid to the finder plus issuance of 1,090,909 non‑transferable warrants (exercise price CAD $0.25, 24‑month term).
• Statutory hold period: Any shares issued upon warrant exercise before four months and one day after closing are subject to applicable statutory hold periods.
• Use of net proceeds:
• General working capital.
• Accelerate execution of the Silicon‑Based Battery Material pilot plant project announced on September 11, 2025.
• Continue development of hydrogen‑based projects.

Notable Quotes

(No direct quotes were included in the release.)