HPQ Silicon Announces Non-Brokered Private Placement Offering of up to $3M

Executive Summary

• HPQ Silicon Inc. announced a non‑brokered private placement of up to 18,181,819 units at CAD $0.165 per unit, targeting gross proceeds of approximately CAD $3 million.
• Each unit includes one common share and one non‑transferable warrant exercisable at CAD $0.25 per share for 24 months.
• Net proceeds will be used for general working capital, acceleration of the Silicon‑Based Battery Material pilot plant project, and continued development of hydrogen‑based projects.

Key Details

• Units Offered: Up to 18,181,819 units (each = 1 common share + 1 warrant).
• Price per Unit: CAD $0.165.
• Aggregate Gross Proceeds: Approximately CAD $3 million (maximum).
• Warrant Terms: One‑for‑one warrant exercisable at CAD $0.25 per share, valid for 24 months from closing.
• Finder Compensation: Up to 6% cash commission of gross proceeds and/or finder’s warrants up to 6% of total units issued.
• Use of Proceeds:
  1. General working capital.
  2. Accelerate execution of the Silicon‑Based Battery Material pilot plant (announced Sep 11 2025).
  3. Continue development of hydrogen‑based projects.
• Offering Structure: Non‑brokered private placement to purchasers outside Canada under OSC 72‑503 exemption and applicable U.S. securities exemptions; not a related‑party transaction.
• Regulatory Notes: Subject to final acceptance by the TSX Venture Exchange; units not subject to resale restrictions unless sold to Canadian residents or within Canada.

Notable Quotes

(No direct quotes from management were included in the release.)