QIMC Looks to Accelerate Quebec's Hydrogen Ambitions Following Key Meeting with Government Representatives
Quebec Innovative Materials Corp (QIMCF) announces progress in establishing hydrogen as a primary energy source in Quebec, following a strategic meeting with the Ministry of Economy on February 12, 2025. The company aims to support Quebec's emission reduction goals of 38% by 2030 and net-zero by 2050.
Key developments include:
- Gas analysis confirming near-zero carbon dioxide and methane in samples
- Identification of two major iron formations (12,000m and 3,200m) with estimated 2.59 billion kg of magnetite
- Preliminary hydrogen yield estimates at St. Bruno-de-Guigues property: 17,000 tonnes (1% porosity) to 34,000 tonnes (2% porosity), valued at USD $171-342 million
- Upcoming three-week geophysics program starting February 24, 2025
- Appointment of André Turmel to Board of Directors with 1.75M stock options at $0.25
Quebec Innovative Materials Corp (QIMCF) annuncia progressi nell'istituzione dell'idrogeno come fonte energetica primaria in Quebec, a seguito di un incontro strategico con il Ministero dell'Economia il 12 febbraio 2025. L'azienda mira a supportare gli obiettivi di riduzione delle emissioni del Quebec del 38% entro il 2030 e della neutralità carbonica entro il 2050.
Sviluppi chiave includono:
- Analisi del gas che conferma quasi zero anidride carbonica e metano nei campioni
- Identificazione di due importanti formazioni di ferro (12.000m e 3.200m) con una stima di 2,59 miliardi di kg di magnetite
- Stime preliminari di produzione di idrogeno nella proprietà di St. Bruno-de-Guigues: 17.000 tonnellate (1% di porosità) a 34.000 tonnellate (2% di porosità), valutate tra 171 e 342 milioni di USD
- Inizio di un programma di geofisica di tre settimane a partire dal 24 febbraio 2025
- Nomina di André Turmel nel Consiglio di Amministrazione con 1,75 milioni di opzioni su azioni a $0,25
Quebec Innovative Materials Corp (QIMCF) anuncia avances en el establecimiento del hidrógeno como fuente de energía principal en Quebec, tras una reunión estratégica con el Ministerio de Economía el 12 de febrero de 2025. La empresa tiene como objetivo apoyar las metas de reducción de emisiones de Quebec del 38% para 2030 y lograr la neutralidad de carbono para 2050.
Los desarrollos clave incluyen:
- Análisis de gas que confirma casi cero dióxido de carbono y metano en las muestras
- Identificación de dos formaciones de hierro importantes (12,000m y 3,200m) con una estimación de 2.59 mil millones de kg de magnetita
- Estimaciones preliminares de rendimiento de hidrógeno en la propiedad de St. Bruno-de-Guigues: 17,000 toneladas (1% de porosidad) a 34,000 toneladas (2% de porosidad), valoradas entre 171 y 342 millones de USD
- Próximo programa de geofísica de tres semanas que comienza el 24 de febrero de 2025
- Nombramiento de André Turmel en la Junta Directiva con 1.75 millones de opciones de acciones a $0.25
퀘벡 혁신 소재 주식회사 (QIMCF)는 2025년 2월 12일 경제부와의 전략 회의 이후 퀘벡에서 수소를 주요 에너지원으로 설정하는 데 진전을 발표했습니다. 이 회사는 2030년까지 38%의 배출 감소 목표와 2050년까지 탄소 중립 목표를 지원하는 것을 목표로 하고 있습니다.
주요 개발 사항은 다음과 같습니다:
- 샘플에서 거의 제로의 이산화탄소와 메탄을 확인하는 가스 분석
- 2.59억 kg의 자철석이 추정되는 두 개의 주요 철 형성(12,000m 및 3,200m) 식별
- 생 브루노 드 기귀즈(St. Bruno-de-Guigues) 소유지에서의 수소 수확량 예측: 17,000톤(1% 다공성)에서 34,000톤(2% 다공성), 가치 1억 7100만 달러에서 3억 4200만 달러
- 2025년 2월 24일부터 시작되는 3주간의 지구물리학 프로그램
- 1.75M 주식 옵션을 $0.25에 부여받은 앙드레 튜르멜(André Turmel)의 이사회 임명
Quebec Innovative Materials Corp (QIMCF) annonce des progrès dans l'établissement de l'hydrogène comme source d'énergie principale au Québec, suite à une réunion stratégique avec le ministère de l'Économie le 12 février 2025. L'entreprise vise à soutenir les objectifs de réduction des émissions du Québec de 38 % d'ici 2030 et de zéro émission nette d'ici 2050.
Les développements clés comprennent:
- Analyse des gaz confirmant presque zéro dioxyde de carbone et méthane dans les échantillons
- Identification de deux formations de fer majeures (12 000 m et 3 200 m) avec une estimation de 2,59 milliards de kg de magnétite
- Estimations préliminaires de rendement en hydrogène sur la propriété de St. Bruno-de-Guigues : 17 000 tonnes (1 % de porosité) à 34 000 tonnes (2 % de porosité), évaluées entre 171 et 342 millions de USD
- Prochain programme de géophysique de trois semaines commençant le 24 février 2025
- Nommer André Turmel au conseil d'administration avec 1,75 million d'options d'actions à 0,25 $
Quebec Innovative Materials Corp (QIMCF) gibt Fortschritte bei der Etablierung von Wasserstoff als primäre Energiequelle in Quebec bekannt, nach einem strategischen Treffen mit dem Ministerium für Wirtschaft am 12. Februar 2025. Das Unternehmen hat sich zum Ziel gesetzt, die Emissionsreduktionsziele von Quebec um 38 % bis 2030 und Netto-Null bis 2050 zu unterstützen.
Wichtige Entwicklungen umfassen:
- Gasanalysen, die nahezu null Kohlendioxid und Methan in den Proben bestätigen
- Identifizierung von zwei bedeutenden Eisenerzformationen (12.000 m und 3.200 m) mit geschätzten 2,59 Milliarden kg Magnetit
- Vorläufige Schätzungen der Wasserstoffausbeute auf dem Grundstück St. Bruno-de-Guigues: 17.000 Tonnen (1 % Porosität) bis 34.000 Tonnen (2 % Porosität), bewertet zwischen 171 und 342 Millionen USD
- Bevorstehendes dreitägiges geophysikalisches Programm, das am 24. Februar 2025 beginnt
- Ernennung von André Turmel in den Vorstand mit 1,75 Millionen Aktienoptionen zu je 0,25 USD
- Significant hydrogen reserves valued at up to $342M identified
- Near-zero carbon dioxide and methane in samples confirming clean hydrogen
- Large magnetite deposits of 2.59B kg discovered
- Strategic alignment with Quebec's emission reduction goals
- Production estimates still preliminary and theoretical
- Actual hydrogen yields dependent on unconfirmed porosity levels
St-Bruno-de-Guigues, Quebec--(Newsfile Corp. - February 26, 2025) - Quebec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) ("QIMC") - QIMC is pleased to announce significant progress in its efforts to establish hydrogen as a primary energy source in Quebec, aligning with the Province's mandate to reduce emissions by
Following a strategic meeting with the Ministry of Economy, Innovation and Energy (le Ministère de l'Économie, de l'Innovation et de l'Énergie) on February 12, 2025 in Quebec City, QIMC is advancing its development initiatives to support Quebec's transition to a low-carbon economy through clean natural hydrogen.
"Clean natural hydrogen is poised to play a transformative role in Quebec's energy transition, and QIMC is at the forefront of this movement," said John Karagiannidis, CEO of QIMC. "Our recent discussions with the Government of Quebec reinforce how we see the critical role of natural hydrogen in achieving the province's ambitious energy independence goals. As we move forward, we remain committed to the highest standards of environmental responsibility. Social acceptability is at the heart of our approach-we are actively engaging with the municipality, local producers, Temiskaming First Nations, and environmental stakeholders to ensure that our project aligns with all values and priorities. With our latest findings, we are now in a position to quantify our hydrogen potential and advance our project towards commercialization in a sustainable and inclusive manner."
Low Environmental footprint
"Beyond its significant economic potential, it is essential to highlight the exceptionally low environmental footprint of natural hydrogen production. Unlike other energy sources, hydrogen extraction requires minimal land use and has a negligible impact on surface ecosystems, making it a highly sustainable solution for Quebec's energy independence transition. To put this into perspective, a single hydrogen well producing 100 kg per day delivers the equivalent energy output of approximately 3,500 solar panels. This scalability underscores hydrogen's viability as a primary energy source, offering a reliable, continuous, and land-efficient alternative to intermittent renewables."
(REF:https://whitehydrogen.com.au/wp-content/uploads/2023/07/White-Hydrogen-The-Key-To-A-Brighter-Future-.pdf).
Advancing Hydrogen Exploration and Production with social acceptability
Gas analysis results confirming near zero carbon dioxide and methane in QIMC's samples, reinforcing the clean and sustainable nature of its clean natural hydrogen.
A comprehensive 153-page INRS (Institut National de la Recherche Scientifique) report presented to the Quebec Ministry of Economy, Innovation and Energy outlines a clear pathway from exploration to extraction, integrating recent drilling, geological mapping, and rock sampling data (Richer-LaFlèche, 2025).
Magnetite has emerged as a critical component in QIMC's hydrogen generation strategy. Based on SIGÉOM (MRNF) data, two major iron formations have been identified, measuring 12,000 meters and 3,200 meters in length, with banded iron formation (BIF) thicknesses ranging from 9 to 45 meters. The estimated vertical continuity of 4,000 meters with
22.5% magnetite content suggest an approximate 2.59 billion kilograms of magnetite. In total, four to five identifiable iron formations within the Baby Group further reinforce QIMC's vast hydrogen potential.
Hydrogen model - St. Bruno Property
As outlined in the INRS Ministerial presentation and referencing the IFP Energies geometric model, preliminary estimates based on the assumption that reservoir porosity is fully saturated with pure hydrogen suggest significant production potential at QIMC's St. Bruno-de-Guigues property. Within a 5 km² area at depths ranging from 500 to 2,000 meters, the estimated hydrogen yields are:
1% porosity → 17,000 tonnes of hydrogen, valued at approximately USD$171 million (at$5 USD/kg). *Green Hydrogen price in December 20242% porosity → 34,000 tonnes of hydrogen, valued at approximately USD$342 million (at$5 USD/kg). *Green Hydrogen price in December 2024
"These estimates, presented for informational purposes, highlight the theoretical resource potential within the fault-associated fracturing porosity of the Lake Timiskaming Graben, with a particular focus on the municipality of St-Bruno-de-Guigues," said John Karagiannidis. "As we progress with our work program, this model reinforces the significant commercial opportunity for scalable natural hydrogen production in Quebec, supporting the province's energy transition with a low-impact, high-value resource."
Economic and Employment Impact
As QIMC advances its hydrogen initiatives, the company is actively working with its partners Record Resources (REC-C) and Q Precious and Battery Metals (QMET-C) to expand its modeling approach to additional properties, positioning Quebec as a global leader in hydrogen production.
QIMC's vision is to establish a hydrogen hub in Quebec, leveraging its natural hydrogen resources and Quebec's clean energy infrastructure to drive economic growth while supporting the province's net-zero goals.
Ongoing Exploration & Expansion
QIMC is moving forward with several key exploration initiatives to further validate and quantify its hydrogen resources:
February 24, 2025 - A three-week geophysics and geochemical program will begin at St. Bruno, focusing on holes 5 and 8 areas.
Additional exploration will take place on Lake Temiskaming, including extensive work on the Ontario side of the lake, in partnership with Record Resources.
Appointment of André Turmel to the QIMC Board of Directors
QIMC is also pleased to announce the appointment of André Turmel to its Board of Directors effective immediately. Mr. Turmel, a partner at the law firm Fasken LLP, is a recognized expert in renewable energy, natural resources and climate change law. His expertise is sought by both national and international clients looking to capitalize on emerging opportunities in renewable energy and green technologies.
As part of his appointment to the Board, Mr. Turmel will receive 1.750 million stock options at an exercise price of
QIMC extends its gratitude to Hani Zabaneh, who is stepping down from the Board after years of dedicated leadership and strategic contributions.
"With André's extensive experience in energy law and policy, we are strengthening QIMC's leadership in the hydrogen sector," said John Karagiannidis, CEO of QIMC. "His strategic insights will be instrumental in advancing our projects, ensuring regulatory alignment, and supporting our long-term vision of hydrogen becoming Quebec's primary energy source."
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About the INRS and Pr. Marc Richer-LaFlèche, P.Geo.
The Institut National de la Recherche Scientifique ("INRS") is a high-level research and training institute. Pr. Richer-LaFlèche's team has exceptional geological, geochemical and geophysical experience specifically in the regions of QIMC's newly acquired claims. They have carried out over six years of geophysical and geochemical work and collected thousands of C1-C4 Soil-Gas analyses.
Pr. Richer-LaFlèche also holds an FRQNT grant, in partnership with Quebec MRN and the mining industry, to develop and optimize a Soil-Gas method for the direct detection of mineralized bodies and faults under Quaternary cover. In addition to sulphide gases, hydrogen was systematically analyzed in the numerous surveys carried out in 2023 in Abitibi, Témiscamingue and also in the Quebec Appachian. M. Richer-LaFlèche is the Qualified Person responsible for the technical information contained in this news release and has read the information contained herein.
Pr. Richer-LaFlèche is a professional geologist registered with the Ordre des géologues du Québec and is the Qualified Person responsible for the technical information contained in this news release and has read the information contained herein.
For more information about Quebec Innovative Materials Corp. and its products, please visit www.qimaterials.com.
About Québec Innovative Materials Corp.
Québec Innovative Materials Corp. is a mineral exploration and development company dedicated to exploring and harnessing the potential of Canada's abundant resources. With properties in Ontario and Québec, QIMC is focused on specializing in the exploration of white (natural) hydrogen and high-grade silica deposits. QIMC is committed to sustainable practices and innovation. With a focus on environmental stewardship and cutting-edge extraction technology, we aim to unlock the full potential of these materials to drive forward clean energy solutions to power the AI and carbon-neutral economy and contribute to a more sustainable future.
QUÉBEC INNOVATIVE MATERIALS CORP.
John Karagiannidis
Chief Executive Officer
For further information, please contact:
Email: info@qimaterials.com
Tel: +1 514-726-7058
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Québec Innovative Materials' actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-Looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although Québec Innovative Materials believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions in Canada and abroad; adverse industry events; future legislative and regulatory developments in the natural resources sector, in particular as regards the regulation of white (natural) hydrogen exploration, development and exploitation; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; natural resources industry and markets in Canada and generally; the ability of Québec Innovative Materials to implement its business strategies; competition; and other assumptions, risks and uncertainties.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Cautionary Statements This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. These statements are based on expectations, estimates, and projections as of the date of this release. Forward-Looking statements involve risks and uncertainties, which may cause actual results to differ materially from current expectations. Readers are cautioned not to place undue reliance on these statements, as no assurance can be provided regarding future outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242406
FAQ
What is the estimated hydrogen production potential for QIMCF's St. Bruno property?
How much magnetite has QIMCF identified in their iron formations?
What are the terms of André Turmel's stock options grant for joining QIMCF's board?
When does QIMCF begin their next geophysics program at St. Bruno?
