HPQ Silicon Raises $3.0 Million in Private Placement

MONTREAL, March 02, 2026 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), 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 it has closed the 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 $3 million CAD announced on February 23, 2026.

On March 2, 2026, HPQ Silicon announced the successful closing of a non-brokered private placement, raising funds amounting to $3.0 million. This strategic move is aimed at bolstering the company's financial resources for its ongoing projects and operational developments in the silicon industry.

The also discussed investment will primarily be directed towards enhancing HPQ's silicon production capabilities and advancing their innovative technologies aimed at simplifying the silicon manufacturing process. These funds are crucial in supporting HPQ's efforts to achieve significant milestones in developing high-purity silicon, which is an essential material for battery production and various semiconductor applications.

The company has expressed gratitude to the participating investors for their confidence and support, emphasizing that this funding will enable HPQ Silicon to accelerate its growth trajectory. The appeal of high-purity silicon is amplified by the increasing demand for efficient energy storage solutions and the transition towards renewable energy technologies.

HPQ Silicon has a clear vision for expanding its market influence and operational efficiency, and this infusion of capital is expected to play a key role in realizing that vision. The private placement serves as a vital step in securing the resources necessary to actualize their strategic plans and enhance overall shareholder value.

Furthermore, the announcement comes at a time when interest in sustainable technologies and materials is surging, positioning HPQ Silicon well within a growing market demanding innovative solutions. The company is committed to leveraging these funds to not only grow its own operations but also contribute positively to the evolving landscape of green technology.

Overall, with this successful private placement, HPQ Silicon is setting the stage for future successes in a competitive market, driven by a strong commitment to innovation, sustainability, and shareholder engagement.