- HPQ Silicon Resources Inc. (HPQ) has changed its name to HPQ Silicon Inc. / HPQ Silicium Inc.
- The company has also officially completed its change of business to change its classification from a Tier 2 Mining Issuer to an Industrial, Technology or Life Sciences Tier 1 Issuer
- HPQ’s team believes that the change in classification and upgrade to Tier 1 level issuer better reflects its current core business, given its focus on commercializing its silicon solutions and technology development
- The exact date for the start of trading of HPQ as an Industrial, Technology or Life Science Tier 1 issuer has not yet been finalized by the exchange but is expect shortly
- HPQ Silicon shares (HPQ) is down 5 per cent, trading at C$0.28 per share at 9:45 am ET
HPQ Silicon Resources (HPQ) has changed its name to HPQ Silicon Inc. / HPQ Silicium Inc.
Industry Canada issued a Certificate of Amendment under the Canada Business Corporations Act confirming the legal name of the company.
The company has also officially completed its change of business as required by the TSX Venture Exchange to change its classification from a Tier 2 Mining Issuer to an Industrial, Technology or Life Sciences Tier 1 Issuer.
HPQ’s team believes that the change in classification and upgrade to Tier 1 level issuer on the TSX Venture better reflects its current core business, given its focus on commercializing its silicon solutions and technology development. This includes its hydrogen extraction technology venture, combined with the upcoming commercial validation of the PUREVAP Quartz Reduction Reactor technology.
HPQ Silicon’s President and CEO, Bernard Tourillon, that the value proposition from the company is derived from harnessing the potential of the silicon materials innovations and the manufacturing and commercializing of silicon and nano silicon materials needed for ESG compliant silicon materials.
“These materials will be used to meet the present market demand for high purity Silicon and the up-and-coming demand for nanosilicon Silicon driven by the ongoing renewable energy revolution. That is why now is the right time for HPQ to become a Tier 1 level Industrial, Technology or Life Sciences issuer which aligns our industry classification with the most important drivers of shareholder value moving forward.”
The exchange has not finalized the exact date for the start of trading of HPQ as an Industrial, Technology or Life Science Tier 1 issuer, but that is expected shortly.
HPQ Silicon (HPQ) is a Quebec-based innovative silicon solutions company developing a unique portfolio of high value-added silicon (Si) products sought after by battery and electric vehicle manufacturers.
HPQ Silicon Inc. (HPQ) is down 5 per cent, trading at C$0.28 per share at 9:45 am ET.