01:19 PM EDT, 09/11/2025 (MT Newswires) -- HPQ Silicon ( HPQFF ) up 13% on last look, on Thursday said it has been awarded up to $3 million in Federal government funding to boost the commercialization of silicon-based battery materials

The funding will help cover the capital costs and accelerate the building of HPQ's first 50-tonne per year continuous production system to manufacture silicon-based material for certain lithium-ion batteries. Developed with technology partner Novacium, this material is at the core of HPQ's lithium-ion battery cells.

"This strategic investment is a strong endorsement of our technology and the commercial potential of HPQ's silicon-based materials - supporting not only our HPQ ENDURA+ battery line, but a wide range of high-growth applications," said Chief Executive Bernard Tourillon. "With this support, we are positioned to accelerate our path to commercialization and our vertical integration, which is a key to be competitive, drive value for our shareholders, and establish HPQ as a Canadian leader in the global battery materials supply chain and advanced materials sector."

HPQ Silicon ( HPQFF ) is up $0.02 to $0.18 on the TSX Venture Exchange.

Price: 0.18, Change: +0.03, Percent Change: +16.13