HPQ Silicon's Private Placement Fully Subscribed)

MONTREAL, Feb. 24, 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 its 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 up to approximately $3 million CAD announced on February 23, 2026 is fully subscribed.

HPQ Silicon, a leading company in the silicon production sector, has recently made a significant announcement regarding its private placement offering. The company revealed that the offering is fully subscribed, indicating a strong interest from investors in its growth and development plans.

The private placement was launched with the intent to raise funds to support various initiatives, including the expansion of their manufacturing capabilities and the advancement of their innovative technologies. HPQ Silicon is known for its focus on sustainable practices within the silicon industry, and this funding is expected to bolster its efforts towards creating a more environmentally friendly production process.

During the private placement, a particular emphasis was placed on attracting institutional investors, who often bring not just capital but also strategic guidance and stability. HPQ Silicon's ability to attract such interest demonstrates confidence in its business model and its potential for future growth.

Furthermore, the funds raised from this offering will likely be directed towards research and development initiatives that aim to enhance product quality and efficiency. By investing in R&D, HPQ Silicon hopes to stay competitive in the fast-evolving silicon market while also addressing the increasing demand for high-purity silicon, which is vital for various applications ranging from electronics to renewable energy technologies.

HPQ Silicon’s management expressed gratitude towards the investors for their support and assurance that the funds will be utilized effectively to achieve the company's strategic objectives. This update signals to the market that HPQ Silicon is on a positive trajectory, bolstered by strong investor confidence.

In conclusion, the full subscription of HPQ Silicon's private placement offering is a promising development that highlights the company's robust market position and vision for the future. The influx of capital will empower HPQ Silicon to innovate further, expand its operations, and contribute positively to the global silicon market.