QIMC Strengthens Strategic Collaboration with Record Resources in the Temiskaming Hydrogen Camp
Quebec Innovative Materials Corp. (QIMC) has announced a strategic collaboration with Record Resources in the Temiskaming hydrogen camp. As part of the deal, QIMC will receive 6,600,000 shares of REC and a 1% Gross Revenue Royalty (GRR) from Record Resources.
The collaboration involves Record's option agreement to acquire property adjacent to QIMC's hydrogen discovery. The Lorrain-Bucke claim blocks are situated between major rift faults in the Lake Temiskaming Graben structure, featuring Huronian Group sedimentary and volcanic formations overlying Archean metavolcanic and metasedimentary units. The area's potential is enhanced by ultramafic rocks and a prominent gravity low anomaly, indicating deeper natural hydrogen resource potential.
This partnership strengthens QIMC's position in Ontario's renewable natural hydrogen sector while maintaining focus on their Quebec St Bruno de Giugues Natural Hydrogen project. Record Resources may purchase 50% of the GRR at any time for $1,000,000.
Quebec Innovative Materials Corp. (QIMC) ha annunciato una collaborazione strategica con Record Resources nel campo dell'idrogeno di Temiskaming. Come parte dell'accordo, QIMC riceverà 6.600.000 azioni di REC e una Royalties sul Reddito Lordo (GRR) del 1% da Record Resources.
La collaborazione prevede l'accordo di opzione di Record per acquisire un'area adiacente alla scoperta di idrogeno di QIMC. I blocchi di richiesta Lorrain-Bucke si trovano tra grandi faglie rift nella struttura del Graben di Lake Temiskaming, caratterizzati da formazioni sedimentarie e vulcaniche del Gruppo Huroniano sovrastanti unità metavolcaniche e metasedimentarie archeane. Il potenziale dell'area è ulteriormente migliorato da rocce ultramafiche e da un'anomalia di bassa gravità prominente, che indica un potenziale di risorse naturali di idrogeno più profonde.
Questa partnership rafforza la posizione di QIMC nel settore dell'idrogeno naturale rinnovabile dell'Ontario, mantenendo al contempo l'attenzione sul loro progetto di Idrogeno Naturale di St Bruno de Giugues in Quebec. Record Resources può acquistare il 50% del GRR in qualsiasi momento per $1.000.000.
Quebec Innovative Materials Corp. (QIMC) ha anunciado una colaboración estratégica con Record Resources en el campo del hidrógeno de Temiskaming. Como parte del acuerdo, QIMC recibirá 6.600.000 acciones de REC y un 1% de Regalías sobre los Ingresos Brutos (GRR) de Record Resources.
La colaboración implica el acuerdo de opción de Record para adquirir propiedad adyacente al descubrimiento de hidrógeno de QIMC. Los bloques de reclamo Lorrain-Bucke se encuentran entre fallas de rift importantes en la estructura del Graben de Lake Temiskaming, caracterizados por formaciones sedimentarias y volcánicas del Grupo Huroniano que cubren unidades metavolcánicas y metasedimentarias arcaicas. El potencial del área se ve reforzado por rocas ultramáficas y una prominente anomalía de baja gravedad, lo que indica un potencial más profundo de recursos naturales de hidrógeno.
Esta asociación fortalece la posición de QIMC en el sector de hidrógeno natural renovable de Ontario, mientras mantiene el enfoque en su proyecto de Hidrógeno Natural en St Bruno de Giugues, Quebec. Record Resources puede comprar el 50% del GRR en cualquier momento por $1.000.000.
퀘벡 혁신 재료 주식회사 (QIMC)가 테미스카밍 수소 캠프에서 레코드 리소스와 전략적 협력을 발표했습니다. 이번 협정의 일환으로 QIMC는 6,600,000 REC 주식과 1% 총 수익 로열티 (GRR)를 레코드 리소스에서 받게 됩니다.
이번 협력은 레코드가 QIMC의 수소 발견지와 인접한 부지를 인수할 수 있는 옵션 계약을 포함합니다. 로레인-벅키 청구 블록은 테미스카밍 호수의 그라벤 구조 내의 주요 리프트 단층 사이에 위치해 있으며, 고대 변성화산암과 변성퇴적암층 위에 후로니안 그룹의 퇴적 및 화산 형성이 덮여 있습니다. 이 지역의 잠재력은 초마그마암 및 두드러진 중력 저하 이상으로 인해 심층 자연 수소 자원의 잠재력을 나타냅니다.
이 파트너십은 QIMC의 온타리오renewable 자연 수소 부문에서의 입지를 강화하는 동시에 Quebec St Bruno de Giugues 자연 수소 프로젝트에 대한 집중도를 유지합니다. 레코드 리소스는 언제든지 $1,000,000에 GRR의 50%를 구매할 수 있습니다.
Quebec Innovative Materials Corp. (QIMC) a annoncé une collaboration stratégique avec Record Resources dans le camp d'hydrogène de Temiskaming. Dans le cadre de l'accord, QIMC recevra 6.600.000 actions de REC et une redevance sur le revenu brut (GRR) de 1% de Record Resources.
La collaboration implique l'accord d'option de Record pour acquérir une propriété adjacente à la découverte d'hydrogène de QIMC. Les blocs de revendication de Lorrain-Bucke sont situés entre d'importantes failles de rift dans la structure du Graben du lac Temiskaming, présentant des formations sédimentaires et volcaniques du groupe huronien se superposant à des unités métavolcaniques et métasédimentaires archéennes. Le potentiel de la zone est renforcé par des roches ultramafiques et une anomalie de faible gravité prononcée, indiquant un potentiel de ressources naturelles d'hydrogène plus profond.
Ce partenariat renforce la position de QIMC dans le secteur de l'hydrogène naturel renouvelable en Ontario tout en restant concentré sur leur projet d'hydrogène naturel à St Bruno de Giugues, au Québec. Record Resources peut acheter 50% du GRR à tout moment pour 1.000.000 $.
Quebec Innovative Materials Corp. (QIMC) hat eine strategische Zusammenarbeit mit Record Resources im Wasserstofflager von Temiskaming verkündet. Im Rahmen des Deals erhält QIMC 6.600.000 Aktien von REC und eine 1% Bruttoeinnahmen-Royalty (GRR) von Record Resources.
Die Zusammenarbeit umfasst die Optionsvereinbarung von Record zum Erwerb von Grundstücken in der Nähe von QIMCs Wasserstoffentdeckung. Die Lorrain-Bucke-Grundstücksblöcke liegen zwischen großen Riftfehlern in der Struktur des Lake Temiskaming Graben und zeichnen sich durch das Auftreten von Huronian Gruppe Sedimentgesteinen und vulkanischen Formationen über Archean metamorphen Gesteinen und metasedimentären Einheiten aus. Das Potenzial des Gebiets wird durch ultramafische Gesteine und ein ausgeprägtes Anomalie im Schwerefeld verbessert, was auf ein höheres Potenzial für natürliche Wasserstoffressourcen hindeutet.
Diese Partnerschaft stärkt die Position von QIMC im Bereich des erneuerbaren natürlichen Wasserstoffs in Ontario, während sie sich weiterhin auf ihr Projekt für natürlichen Wasserstoff in St Bruno de Giugues in Quebec konzentriert. Record Resources kann zu jedem Zeitpunkt 50% des GRR für 1.000.000 $ erwerben.
- Received 6,600,000 shares of Record Resources
- Secured 1% Gross Revenue Royalty (GRR) from future hydrogen sales
- Strategic expansion into Ontario's hydrogen sector while maintaining Quebec operations
- Partnership provides access to additional promising geological formations
- None.
Lachute, Quebec--(Newsfile Corp. - January 14, 2025) - Quebec Innovative Materials Corp. (CSE: QIMC) (FSE: 7FJ) (OTCQB: QIMCF) (“QIMC” or the “Company”) is pleased to announce a strategic collaboration with Record Resources (TSXV: REC) and congratulates Record for the option agreement to acquire a key property in the Temiskaming hydrogen camp, directly adjacent to QIMC's significant hydrogen discovery. This strategic collaboration strengthens QIMC's position as a key player in Ontario's rapidly growing renewable natural hydrogen sector, while maintaining a focused commitment to rapidly advancing development at QIMC's Quebec St Bruno de Giugues Natural Hydrogen project. As part of the collaboration, QIMC will receive 6,600,000 shares of REC and a
The Lorrain-Bucke claim blocks acquired by Record Resources Corp. are underlain by Huronian Group sedimentary and volcanic formations that unconformably overlie Archean metavolcanic and metasedimentary units of the Superior Province rocks. The Huronian Supergoup, in turn, is overlain by a thick succession of Ordovician limestone, dolostone and lesser amount of interbedded sandstone and local conglomerate. This is a geological setup associated with significant natural hydrogen resource potential. These blocks are strategically located, between major rift faults in the Lake Temiskaming Graben structure, a tectonic feature recognized for its potential to host deep mantle-derived volatile-rich sources, including hydrogen. (See figure 1).
Figure 1. Record Resources claims in yellow
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Furthermore, the claims' potential is further enhanced by the presence of ultramafic rocks exposed on the northern and eastern portions of the Rift basin in neighboring Quebec. These units exhibit a distinctive magnetic response that extends into Ontario, which suggests the presence of basement ultramafic rocks at the base of the Rift basin. Additionally, a prominent gravity low coincides with a large granitic intrusion mapped in the western Lorrain Township (see QIMC press release December 5, 2024). This gravity low anomaly is shown to extend westward into Lake Temiskaming and potentially marks the location of thick Paleozoic cover, which is a positive indication for deeper natural hydrogen resource potential.
This option and collaborative venture also strengthens Record's strategic relationship with QIMC, a leader in natural hydrogen exploration. QIMC will join Record as a partner, bringing its advanced methodologies and expertise to the relationship. This positions both companies to capitalize on the region's unique geological features and accelerate hydrogen exploration and extraction in the Temiskaming hydrogen camp.
Record Resources will issue 6,600,00 common shares to QIMC and a
Michael Judson, CEO of Record Resources, added: "The option to acquire a key property is a transformative step for Record as we solidify our presence in the Temiskaming hydrogen camp. Our strengthened relationship with QIMC brings invaluable expertise and innovation to our operations. Together, we are committed to advancing hydrogen exploration and contributing to a sustainable energy future."
John Karagiannidis, CEO and Director of QIMC, stated: "We are thrilled to expand our partnership with Record Resources and contribute our proven hydrogen exploration methodologies and know-how to the Temiskaming hydrogen camp. This collaboration, alongside our recent agreement with DMED's extraction technology, underscores our shared commitment to unlocking the full potential of natural hydrogen resources. Together, we are laying the groundwork for Ontario to emerge alongside Quebec as cornerstones of the Canadian and North American hydrogen economy."
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
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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.
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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.
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FAQ
What did QIMC receive in the strategic collaboration with Record Resources?
What are the key geological features of the Lorrain-Bucke claim blocks acquired by Record Resources?
Can Record Resources buy back the Gross Revenue Royalty from QIMC (QIMCF)?
How does this collaboration affect QIMC's (QIMCF) existing operations?
