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Hamilton Spectator
16-05-2025
- Business
- Hamilton Spectator
HPQ Silicon Reinstated for Trading
MONTREAL, May 16, 2025 (GLOBE NEWSWIRE) — HPQ Silicon Inc. ('HPQ' or the 'Company') (TSX-V: HPQ , OTCQB: HPQFF , FRA: O08 ), a technology company developing next-generation processes for advanced material manufacturing, announces that on May 15, 2025, the TSX Venture Exchange issued Bulletin V2025-1424, confirming that trading in the Company's securities will be reinstated at market open on Tuesday, May 20, 2025. Timeline of the events. On April 30th, 2025, HPQ issued a press release stating that its new auditors needed a few more days to complete its audited annual financial statements for the financial year ended December 31, 2024. Subsequently, the Autorité des marchés financiers (AMF) issued a Cease Trade Order (CTO) on May 1, 2025. On May 2, 2025, HPQ filed its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2024 (the 'Required Filings'). Furthermore, on May 5, 2025, HPQ filed a formal response to the clarification requested by the AMF. After reviewing the 2024 audited annual financial statements, the formal reply and after in person interviews, the AMF issued via SEDAR+ on May 9, 2025, a filing rescinding the CTO, thereby affirming that it had found no material discrepancies in the Corporation's Financial documentations. Once the CTO was lifted, the TSX Venture started a review to confirm that HPQ continued to meet the TSX Venture Exchange listing requirements. Upon completion of their review, the TSX Venture confirmed that the Corporation meets the listing requirements of a Tier 2 technology issuer. As a result, BULLETIN V2025-1424 also indicated that, in accordance with Policy 2.5, effective at the opening, Tuesday, May 20, 2025, the Company's Tier classification will change from Tier 1 to Tier 2. 'We're pleased to see trading reinstated and to have confirmation that we continue to meet the TSX Venture Exchange's listing requirements,' said Bernard Tourillon, President and CEO of HPQ Silicon Inc. ' We acted swiftly and transparently to resolve the matter, and we remain focused on executing our strategic vision and delivering value to our shareholders.' About HPQ Silicon HPQ Silicon Inc. ( TSX-V: HPQ ) is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer. HPQ is developing, with the support of world-class technology partners PyroGenesis Canada Inc. and NOVACIUM SAS , new green processes crucial to make the critical materials needed to reach net zero emissions. HPQ activities are centred around the following five (5) pillars: For more information, please visit HPQ Silicon web site . Disclaimers: This press release contains certain forward-looking statements, including, without limitation, statements containing the words 'may', 'plan', 'will', 'estimate', 'continue', 'anticipate', 'intend', 'expect', 'in the process' and other similar expressions which constitute 'forward-looking information' within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's ongoing filings with the security's regulatory authorities, which filings can be found at . Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. 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 release. This News Release is available on the company's CEO Verified Discussion Forum , a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders. Source: HPQ Silicon Inc. For further information contact: Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271 Email: Info@
Yahoo
05-02-2025
- Business
- Yahoo
FuelPositive Provides Update on Filing of Annual Financial Statements and Cease Trade Order
TORONTO, Feb. 4, 2025 /CNW/ - FuelPositive Corporation (TSXV: NHHH) (OTCQB: NHHHF) ("FuelPositive" or the "Company") provides an update on its financial reporting and regulatory status. The Company is actively working with its auditors to complete the required annual financial statements and accompanying management's discussion and analysis for the fiscal year of September 30, 2024. The filing deadline of January 28, 2025, was not met due to the restructuring of FuelPositive's financial team and Board of Directors, which required additional time to transition financial reporting responsibilities and associated analysis. Additionally, unforeseen delays from a third-party accounting firm, engaged before the restructuring to assist the auditors, further extended the timeline. While this caused a temporary delay, it does not reflect any operational concerns—FuelPositive remains fully operational and focused on its core business objectives. As a result of the missed deadline, the Ontario Securities Commission (OSC) issued a Cease Trade Order (CTO) on February 3, 2025. However, FuelPositive's auditors expect to finalize the audit and the Company will submit the necessary filings on or before February 21, 2025. The Company is committed to working closely with regulatory authorities, including the OSC and TSX Venture Exchange, to have the CTO lifted as quickly as possible once the filings are complete. Despite this administrative delay, FuelPositive remains steadfast in advancing toward commercialization. The Company is making significant progress toward activating its first on-farm Green Ammonia system in Sperling, Manitoba. This milestone will demonstrate the commercial viability and real-world impact of its technology. Regulatory and system readiness are on track, ensuring a smooth transition to this next critical phase. Additionally, FuelPositive is actively engaged in capital-raising initiatives and discussions with the Government of Manitoba to secure key support for expansion in the province. These efforts aim to accelerate the development and manufacturing of its Green Ammonia technology, create high-value clean economy jobs, and provide farmers with greater resilience and energy independence. FuelPositive remains dedicated to delivering long-term value to its shareholders and will provide further updates in the coming weeks as the audit process is finalized and the Company moves forward with its strategic milestones. FuelPositive Corporation FuelPositive is leading the future of agriculture with the world's first farmer-owned, on-farm Green Ammonia production systems. The Company's modular and innovative technology offers a predictable, reliable, and affordable solution for directly producing green fertilizer and fuel on-farm, reducing reliance on external supply chains. Groundbreaking AgTech and Green Energy: FuelPositive's containerized Green Ammonia production systems are transforming the Green Ammonia industry by decentralizing production. This new fertilizer production approach aims to empower farmers to generate green nitrogen fertilizer and carbon-free fuel on-site, ensuring stable costs and supply. Each ton of ammonia produced by FuelPositive systems eliminates up to 2 tons of CO2e emissions, providing an environmentally sustainable solution that is also easily accessible and remotely monitored, enabling farmers to focus on their operations without added complexity. First System Delivery: A Milestone in Sustainable Agriculture: In June 2024, FuelPositive delivered its first commercial system, the FP300, to Tracy and Curtis Hiebert's 11,000-acre grain farm near Sperling, Manitoba. This milestone marks a significant advancement for both FuelPositive and sustainable agriculture. The system activation this fall will further demonstrate the transformative impact of the Company's technology on farming practices, driving a more sustainable future. Manitoba: A Global Center of Excellence: FuelPositive is positioning Manitoba as a leader in decentralized Green Ammonia production. The Company's vision includes establishing a world-leading manufacturing hub that will generate highly skilled engineering, science, and trade jobs and contribute to the local economy over the coming years. See sales details here: FuelPositive Corporation is based in Ontario and Manitoba (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and in the USA on the OTCQB under the symbol NHHHF. Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company are forward-looking statements. These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking information is provided to provide information about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law. SOURCE FuelPositive Corp. View original content to download multimedia: Sign in to access your portfolio
