HPQ Silicon closes $3 million private placement offering

HPQ Silicon Inc. (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08) announced that its private placement offering has been fully subscribed. The Montreal-based advanced materials technology company raised approximately $3 million CAD through the sale of 18,181,819 units at $0.165 CAD per unit.

The offering was announced on February 23, 2026, and closing is expected to occur by February 27, 2026, subject to regulatory approvals including conditional acceptance by the TSX Venture Exchange.

Each unit consists of one common share and one warrant. The warrants are exercisable at $0.25 CAD per share for 24 months from the closing date. The company may pay finder's fees of up to 6% of gross proceeds and issue finder's warrants for up to 6% of total units issued.

"With institutional investor support received, we are happy to say that the Offering has been fully subscribed," said Bernard Tourillon, President and CEO of HPQ Silicon.

HPQ Silicon plans to use the proceeds for general working capital, accelerating its Silicon-Based Battery Material pilot plant project announced in September 2025, and continuing development of hydrogen-based projects.

The company develops processes for producing high-purity silicon and silica used in energy storage, electronics, and industrial applications. HPQ Silicon partners with Novacium on silicon-based anode materials and is developing lithium-ion cells and clean-hydrogen technologies.

You May Also Be Interested In