08:06 AM EST, 03/05/2026 (MT Newswires) -- HPQ Silicon ( HPQFF ) said Thursday that it has completed a deal to increase its stake in Novacium, a France-based technology company, to 36.8% from 28.4%.

The company said it closed the transaction after the TSX Venture Exchange issued a bulletin on Feb. 24 confirming its acceptance of the deal.

"This increased ownership strengthens our strategic exposure to Novacium's operations and its technological and commercial growth potential in both the near and medium term," HPQ Silicon ( HPQFF ) President and Chief Executive Officer Bernard Tourillon said.

HPQ added that Novacium shareholders approved adjustments to simplify Novacium's governance structure.

HPQ and Novacium also entered into an enhanced license agreement, reinforcing HPQ's commitment to supporting Novacium's technology development and commercialization efforts in North America.

Novacium's activities are focused on energy-related technologies, including high-performance silicon-based battery anodes and hydrogen generation technologies, according to HPQ.