HPQ Announces Non-Broker Private Placement of Units
MONTREAL, May 29, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ('HPQ' or the 'Company') (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company driving innovation in advanced materials and critical process development, is pleased to announce that it intends to proceed with a non-brokered private placement of 2,300,000 Units to $414,000. The Company intends to use the net proceed to finance its ongoing initiatives and general corporate purposes.
Private placement highlights: Non-Brokered Private placement of 2,300,000 Units at a price of $0.18 per unit for a gross proceed of $414,000. The Company reserves the right to increase the size of the Offering to a maximum of 5,283,050 Units, for maximum gross proceeds of $950,950.
Each Unit is comprised of one (1) common share and one (1) common share purchase warrant of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 for a period of 48 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month and one (1) day holding period from the date of closing of the placement. The offering will be offered to accredited investors in accordance with applicable securities laws.
This Placement is subject to the approval of the TSX-Venture and any other regulatory authorities. In connection with the placement, the company could pay finder's fee, in the form of cash, shares, warrants and or options.
The company anticipates that insiders may subscribe for units and their participation could exceed 25 per cent of the offering, with the President and CEO, directly or via entities under his controls will subscribe for an amount of $200,160.
'We decided to proceed with a small financing at this time to provide HPQ with the foundation necessary to capitalize on the larger opportunities we are currently advancing,' said Bernard Tourillon, President and CEO of HPQ Silicon Inc.
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is a Quebec-based TSX Venture Exchange Industrial Issuer.
HPQ is a technology company focused on innovation in advanced materials and critical process development. In partnership with world-class technology leaders PyroGenesis Inc. and NOVACIUM SAS—of which HPQ is a shareholder—the company is developing the materials and process technologies essential to achieving net-zero goals.
HPQ activities are centred around the following pillars:
Becoming a green, low-cost (Capex and Opex) manufacturer of Fumed Silica using the FUMED SILICA REACTOR, a proprietary technology owned by HPQ Silica Polvere Inc., being developed for HSPI by PyroGenesis.
Working with R&D partner NOVACIUM SAS, to become a producer of silicon-based anode materials for battery applications.
Developing Innovative processes to generate and use Hydrogen:
METAGENE™, a low-carbon, chemical-based, on-demand, high-pressure autonomous hydrogen production system, is being developed by NOVACIUM SAS of which HPQ holds the exclusive North American (Canada, USA, and Mexico) license.
WASTE TO ENERGY (W2E), a new process to transform black aluminum dross into a valuable resource, is being developed by NOVACIUM SAS, of which HPQ holds the exclusive North American (Canada, USA, and Mexico) license. HPQ is also a shareholder in NOVACIUM SAS.
Becoming a zero-CO2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Staff at popular Atlanta restaurant say they were blindsided by sudden closing
The Brief Taco Mac's Midtown location abruptly closed Monday morning, leaving employees with no prior notice, according to one former worker. Former staff say they found out through text messages, social media and a sign on the door. The company declined to explain why it shut down Atlanta's last in-town location. ATLANTA - When Taco Mac's Midtown location suddenly shut down this week, workers say they had no warning. The owners announced the closure with a letter posted in the window of the restaurant that read "Permanently Closed." "It's frustrating because it's not knowing," Brandon Jovan Stephens, a former bartender at the Midtown location, said. "Just be honest. We bust our ass here." This was the only remaining in-town location of the Atlanta-based sports bar chain. A sign on the door said, "Our dedicated team members – the true heart of Taco Mac – will be offered opportunities at nearby locations." A spokesperson for the company declined to comment further. SEE ALSO: Taco Mac suddenly shutters 2nd Atlanta location in less than 2 months What we know Stephens said he worked over the weekend and saw no sign that the restaurant would be closing. "I worked over the weekend, Saturday and Sunday," he said. "Nobody told us anything." He said he first learned of the closure on social media and went to the restaurant to see for himself. "When I found out it was really true, was this sign. When the sign is gone and it's on the door permanently closed, that's it. That's all. Yeah. We have to bow out gracefully." The backstory The Peachtree Street location's closure comes less than a month after Taco Mac announced that it was shutting down its first location in Atlanta's Virginia Highland neighborhood after 46 years in business. "We built a clientele with our regulars, you know, but for this place to be shut down like this was, was just like a slap in the face to everybody," Stephens said. Just a few weeks ago, Taco Mac shut down its Virginia-Highland location — the original. The chain, which began as a single neighborhood bar in 1979, announced that the iconic corner of N. Highland and Virginia Avenue is transitioning to a new restaurant concept as the company focuses on future growth. It will be home to Jack Brown's Beer & Burger Joint. Another Taco Mac location on West Ponce de Leon in Decatur closed without warning in 2023. It had been in business for 22 years. "Lot of people had this as their only job," Stephens said. "You know, some people had kids." What's next Stephens said he's trying to stay optimistic about what's ahead. "It's frustrating to me and I'm standing up for it because it affected a lot of these people that worked here, worked here for a while," he said. "You got to think about it too, when one door closes, another one opens." The Source This article is based off of original reporting by FOX 5's Rob DiRienzo.
Yahoo
30 minutes ago
- Yahoo
Trump-backed bill could block Tennessee's AI laws, threaten deepfake protections
NASHVILLE, Tenn. (WKRN) — President Donald Trump's 'big, beautiful bill' could change the way Tennessee regulates artificial intelligence. New language added to the legislation would block states from regulating AI or risk losing federal broadband funding. That means state laws like the Elvis Act, which protects artists from having their voices or images stolen by AI, would be put on pause. 'We are just hoping that we're not taking a couple steps backward since there's no federal regulation currently in place,' Kaley Bonett, a Nashville entertainment lawyer at Hall Booth Smith, said. MAY: House Republicans include a 10-year ban on US states regulating AI in 'big, beautiful' bill 'The songwriters — all — are entitled to revenue generated from the performances and distribution of that particular sound recording of their song, so if there's a deepfake imposing and competing with the authentic, then it's going to affect where the revenue share goes,' a Nashville managing partner and shareholder for Hall Booth Smith, Karl Braun, explained. 'It's going to be very difficult for, let's say, a songwriter to protect themselves legally from this evolving kind of internet Wild, wild west.' 'The big beautiful bill that the president is advancing does not replace those regulations with anything, which is almost unprecedented,' Plaintiffs Attorney at Spragens Law, David Kieley, said. Also at risk is the 'Preventing Deep Fakes Images Act,' which makes it a felony to post fake AI images designed to harm someone's reputation. Nashville-based meteorologist Bree Smith was targeted by AI imagery herself, explaining that someone used AI to take her face and put it on someone else's semi-naked body. '[This bill] just means that we are saying for 10 years we are going to let people potentially be victimized in this way, and that can't happen,' Smith said. 'It's not going to be any more okay for something like that to happen 10 years from now than it is for it to happen today.' 'Even looking prospectively at things we haven't really encountered yet, but this would stop the state from being able to regulate things like driverless cars in your town, driverless 18-wheelers on Tennessee highways,' Kieley added. 'We don't know really how this technology could affect public safety things like 9-1-1, dispatch.' A law signed just last week by Governor Lee banning AI-generated child sexual abuse material could also be blocked. ⏩ 'It would put child sex predators and big tech over the safety of our families,' Sen. Heidi Campbell (D-Nashville) said. 'This is really antithetical to the values that people across the aisle in Tennessee have been communicating with our legislation.' The president's bill passed in the House of Representatives. It's now in the Senate, where supporters hope to finalize it by July. Senator Marsha Blackburn has previously stated that Tennessee needs AI safeguards, saying, 'Until we pass something that is federally preemptive, we can't call for a moratorium on those things.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
35 minutes ago
- Yahoo
Empress Grants Stock Options and Equity Incentives
VANCOUVER, BC / / June 6, 2025 / Empress Royalty Corp. (TSXV:EMPR)(OTCQX:EMPYF) ("Empress Royalty" or the "Company") announces that the Board of Directors has approved the granting of 1,400,000 incentive stock options (the "Options") to purchase an aggregate of 1,400,000 common shares (the "CommonShares") of the Company to certain directors, officers, employees, and consultants of the Company. Each Option is exercisable into one Common Share at an exercise price of $0.68, being the closing market price of Empress' common shares on June 6, 2025. The Options will vest as to one-third on the date of grant, one-third one year from the date of grant, and one-third two years from the date of grant and will expire on June 6, 2030. All stock option grants will be governed by the Company's Stock Option Plan which was approved by the shareholders of the Company at its last annual meeting of shareholders held on June 26, 2024. In addition, the Board of Directors has also approved the granting of 1,750,000 restricted share units ("RSUs") and 650,000 deferred share units ("DSUs") to certain directors, officers and consultants of the Company. Each of the RSUs and DSUs will vest equally over two years, with the first vesting date occurring June 6, 2026. Upon vesting, each RSU and DSU represents the right to receive one common share in the capital of the Company in accordance with the Company's Equity Incentive Plan, which was last approved by the shareholders of the Company at its annual meeting of shareholders held on September 28, 2022. ABOUT EMPRESS ROYALTY CORP. Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models. ON BEHALF OF EMPRESS ROYALTY CORP. Per: Alexandra Woodyer Sherron, CEO and President For further information, please visit our website at or contact us by email at info@ or by phone at +1.604.331.2080. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. The information contained herein includes "forward-looking statements" and "forward looking information" as defined under applicable Canadian securities laws ("forward-looking statements"). Forward-looking statements and information can generally be identified by the use of terms such as "may", "will", "should", "expect", "intend", "estimate" ,"continue", "believe", "plans", "anticipate" or similar terms. Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or developments that Empress Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may occur in the future, including those regarding future growth and ability to create new streams or royalties, the development and focus of the Company , its acquisition strategy, the plans and expectations of the operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results of exploration, development and production activities of the operators of such projects; and the Company's expectations regarding future revenues. Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Empress's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions and although the assumptions made by the Company in providing forward-looking information and statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ materially from any projections of results, performances and achievements of Empress including, without limitation, any inability of the operators of the properties underlying the Company's royalty and stream interests to execute proposed plans for such properties or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of financing needed in the future and the Company's ability to carry out its growth plans as well as the impact of the COVID-19 pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2024 and its other publicly filed documents under its profile at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and statements, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In addition, certain information publicly reported by operators may relate to a larger property than the area covered by the Company's interest, which often may only apply to a portion of the overall project area or applicable mineral resources or reserves. SOURCE: Empress Royalty Corp. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
