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Revealed Feb 06, 2025 • 5 minute learn
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MONTREAL, Feb. 06, 2025 (GLOBE NEWSWIRE) — HPQ Silicon Inc. (“HPQ” or the “Firm”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a know-how firm specializing in inexperienced engineering of processes is happy to tell shareholders that it’s rising its fairness place in its France-based associate, NOVACIUM SAS (“Novacium”), from 20% to twenty-eight.4%.
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HPQ will improve its stake beneath the phrases of an arm’s size settlement signed on February 6, 2025, with Novacium different shareholders whereby its stake will improve by 84 shares of Novacium, equal to eight.4% of the excellent fairness of Novacium, for an mixture value of C$3,722,250 to be distributed amongst them. The fee of the sale value will probably be made via the issuance of 17,312,790 items of HPQ’s capital inventory at a value of $0.215 per unit. Every unit will consist of 1 widespread share and one share buy warrant entitling the holder thereof to buy one widespread share of HPQ’s capital inventory at a value of $0.25 for a interval of 4 years following the deadline of the transaction. All shares issued in reference to this transaction will probably be topic to a maintain interval of 4 months and at some point from the deadline of the transaction.
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This settlement stays topic to approval by the TSX Enterprise Change and related regulatory authorities.
HPQ’s choice to extend its stake in Novacium at the moment is pushed by the next components:
- Stronger-than-expected venture outcomes – Novacium-led initiatives, together with silicon-based supplies for batteries, autonomous hydrogen (METAGEN™), and waste-to-energy options, are delivering better-than-anticipated outcomes and attracting business partnerships with events beneath NDA.
- Bigger market alternatives with quicker commercialization – The addressable markets for these initiatives are proving to be bigger than initially estimated, with decrease capital expenditure (CapEx) necessities, enabling a quicker path to commercialization.
“HPQ rising its fairness stake in Novacium, together with Novacium’s founders taking an fairness stake in HPQ, represents a robust alignment of our strengths as we proceed to develop groundbreaking applied sciences,” stated on behalf of the founder Dr. Jed Kraiem, Chief Working Officer of Novacium.
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“That is greater than only a monetary transaction—it’s a strategic funding that accelerates HPQ’s path to commercialization and income technology. Moreover, having Novacium’s founders as HPQ shareholders reinforces our shared imaginative and prescient for driving the success of each firms,” stated Bernard Tourillon, President and CEO of HPQ Silicon Inc. and NOVACIUM SAS.
Estimates of addressable markets per initiatives:
- The marketplace for silicon-based anode supplies is estimated to be value between US$ 22 billion and US$ 33 billion by 2030 [1],
- The worldwide marketplace for autonomous hydrogen stations is estimated to be value at present between US$ 800 million and US$ 1,6 billion [2]
- The worldwide marketplace for Black Aluminum Dross is estimated to be value at present between US$ 1,6 billion and US$ 2,3 billion [3]
REFERENCE SOURCES
| [1] | Administration’s estimates concerning the dimension of the silicon-based anode supplies market may be present in HPQ Feb 5 launch. |
| [2] | Administration’s estimates concerning the dimension of autonomous hydrogen stations, quantity to be up to date when wanted. |
| [3] | Sources, Conservation and Recycling, November 2021, A brand new method to get better the dear parts in black aluminum dross. Hyperlink to Article |
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About NOVACIUM SAS
Novacium is an HPQ – associate firm began in Q3 2022. This inexperienced know-how startup relies in Lyon, France. Novacium is a brand new Analysis and Growth firm which permits researchers to develop their very own know-how in high-added-value fields related to renewable power and permits HPQ Silicon Inc. a Canadian firm, to develop the depth and attain of its technical group to assist develop its silicon and new renewable power initiatives.
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is a Quebec-based TSX Enterprise Change Tier 1 Industrial Issuer.
HPQ is creating, with the help of world-class know-how companions PyroGenesis Canada Inc. and NOVACIUM SAS, new inexperienced processes essential to make the important supplies wanted to achieve internet zero emissions.
HPQ actions are centred across the following 5 (5) pillars:
| 1) | Turning into a inexperienced low-cost (Capex and Opex) producer of Fumed Silica utilizing the FUMED SILICA REACTOR, a proprietary know-how owned by HPQ Silica Polvere Inc being developed for HSPI by PyroGenesis. |
| 2) | Turning into a producer of silicon-based anode supplies for battery functions with the help of NOVACIUM SAS. |
| 3) | HPQ SILICON affiliate NOVACIUM SAS is creating a low carbon, chemical primarily based on demand and high-pressure autonomous hydrogen manufacturing system. |
| 4) | HPQ SILICON affiliate NOVACIUM SAS is creating a brand new course of to remodel black aluminium dross right into a priceless useful resource. |
| 5) | Turning into a zero CO2 low-cost (Capex and Opex) producer of Excessive Purity Silicon (2N+ to 4N) utilizing our PUREVAPTM “Quartz Discount Reactors” (QRR), a proprietary know-how owned by HPQ being developed for HPQ by PyroGenesis. |
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For extra data, please go to HPQ Silicon site.
Disclaimers:
This press launch incorporates sure forward-looking statements, together with, with out limitation, statements containing the phrases “might”, “plan”, “will”, “estimate”, “proceed”, “anticipate”, “intend”, “count on”, “within the course of” and different related expressions which represent “forward-looking data” throughout the which means of relevant securities legal guidelines. Ahead-looking statements mirror the Firm’s present expectation and assumptions and are topic to a variety of dangers and uncertainties that might trigger precise outcomes to vary materially from these anticipated. These forward-looking statements contain dangers and uncertainties together with, however not restricted to, our expectations relating to the acceptance of our merchandise by the market, our technique to develop new merchandise and improve the capabilities of present merchandise, our technique with respect to analysis and growth, the influence of aggressive merchandise and pricing, new product growth, and uncertainties associated to the regulatory approval course of. Such statements mirror the present views of the Firm with respect to future occasions and are topic to sure dangers and uncertainties and different dangers detailed from time-to-time within the Firm’s ongoing filings with the safety’s regulatory authorities, which filings may be discovered at www.sedar.com. Precise outcomes, occasions, and efficiency might differ materially. Readers are cautioned to not place undue reliance on these forward-looking statements. The Firm undertakes no obligation to publicly replace or revise any forward-looking statements both because of new data, future occasions or in any other case, besides as required by relevant securities legal guidelines.
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
This Information Launch is obtainable on the corporate’s CEO Verified Dialogue Discussion board, a moderated social media platform that permits civilized dialogue and Q&A between Administration and Shareholders.
Supply: HPQ Silicon Inc.
For additional data contact:
Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271
E-mail: Information@hpqsilicon.com
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