MONTREAL, Feb. 23, 2026 (GLOBE NEWSWIRE) --  HPQ Silicon Inc. ("HPQ" or the "Company") ("HPQ" or the "Company") (TSXV: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 a non-brokered private placement (the "Offering") of up to 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.

Each Unit consists of one common share of the Company (each, a "Common Share") and one non-transferable Common Share purchase warrant (each, a "Warrant"). Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.25 CAD for a period of 24 months from the closing date of the Offering. The Company may compensate certain eligible finders under the Offering and may pay a cash commission of up to 6% of the gross proceeds and issue such a number of finder's warrants of up to 6% of the total number of Units issued.

The net proceeds of the Offering are intended to be used for: (i) general working capital purposes; (ii) accelerating execution of the Company's Silicon-Based Battery Material pilot plant project, announced on September 11, 2025; and (iii) continuing the development of the Company's hydrogen-based projects.

The Units under the Offering are being offered to purchasers outside ...