Québec Silica Resources Corp Acquires Properties for Hydrogen and Helium Prospection
Québec Silica Resources Corp Acquires
Properties for Hydrogen and Helium
Prospection
Lachute, Québec--(Newsfile Corp. - November 10, 2022) - Québec Silica Resources Corp. (CSE: QTZ)
("QTZ" or the "Company") is pleased to announce it has acquired its first three mineral claim properties
in the Canadian province of Québec, which are prospective for hydrogen and helium.
Collaboration with the
Institut national de la recherche scientifique
("INRS") on the Company's flagship
silica project over the last year has led to another collaborative opportunity between QTZ and Dr. Marc
Richer-Lafleche, P.Geo. QTZ plans to fund a geoscientific study to evaluate the potential of natural
geologically occurring hydrogen and helium in Québec, starting with the Company's first three properties.
"It is exciting because, as far as we know, we are one the first companies to explore for naturally
occurring hydrogen in Québec,"
stated Raymond Wladichuk, P.Geo., CEO of QTZ.
About naturally occurring hydrogen and helium
Naturally occurring hydrogen and helium form from chemical and nuclear reactions deep underground. It
is an attractive, sustainable energy option because, in addition to being a clean fuel, hydrogen may
occur as a modern-day replenishing resource, unlike a hydrocarbon reservoir (natural gas, oil, etc.)
which depletes.
Helium is a noble gas with distinctive chemical and physical properties for different scientific, industrial
and bio-medical applications. It is an essential element of medical scanners (magnetic resonance
imaging, MRI), which is used to cool powerful magnets.
Liquid helium is also used to cool certain metals
to the extremely low temperatures required for electrical superconductivity. Furthermore, Helium is used
as a protective atmosphere during the growth of monocrystalline silicon intended to manufacture
integrated circuits and optical fibres.
The government of Québec has recently announced the Québec Green Hydrogen and Bioenergy
Strategy, which has the purpose of creating a favourable environment to accelerate the production,
distribution, and use of hydrogen. More information can be found through this link:
Québec Green
Hydrogen Strategy
Terms of the property acquisition
Pursuant to the property acquisition agreement dated November 7, 2022, and subject to the satisfaction
of all closing conditions and the receipt of applicable regulatory approvals including that of the Canadian
Securities Exchange ("CSE"), QTZ has agreed to acquire the properties from an arm's length vendor in
consideration for the issuance of an aggregate of 5,000,000 common shares of the Company, at an
issue price of $0.07 per share, and a 1% royalty on gross revenues from the sale of pure hydrogen
arising from the lands underlying the properties. The properties consist of a total of 248 mineral claims
totalling 14,257 hectares.
The securities issued pursuant to the Agreement will be subject to a four month
hold period in accordance with applicable securities laws and the policies of the CSE.
About the INRS and Dr. Marc Richer-Lafleche, P.Geo.
Dr. Richer-LaFlèche's team has solid geological and geophysical experience in the regions of the newly
acquired claims, where they have carried out more than six years of geophysical and geochemical work
and collected thousands of C1-C4 Soil-Gas analyses. In addition, the INRS team has several portable
gas spectrometers and the sampling equipment and logistics necessary for taking gas samples and
geophysical measurements on the ground or in the aquatic environment.
About Québec Silica Resources Corp.
Québec Silica Resources Corp. is a mineral exploration and development company focused on
exploring, developing, and acquiring industrial mineral resources in Québec, Canada. The Company is
currently focused on its wholly-owned Charlevoix Silica Project near St. Urbane, Québec, Canada, and
has a portfolio of multiple silica properties in Québec.
Additional information on Québec Silica. is available at
www.QuébecSilica.com
.
Raymond Wladichuk, P.Geo. (OQG permit no. 02287), is a qualified person, as defined by NI 43-101,
and takes responsibility for the technical information contained in this new release.
On Behalf of the Board of Directors,
QUÉBEC SILICA RESOURCES CORP.
"Raymond Wladichuk, P.Geo."
Chief Executive Officer
For further information, please contact:
Elyssia Patterson - CFO
Tel: +1 (833) 4 SILICA
(474-5422)
Email:
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
Quebec Silica's 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 Quebec Silica 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; the Covid-19 pandemic; adverse
industry events; future legislative and regulatory developments in the mining sector; the Company's ability
to access sufficient capital from internal and external sources, and/or inability to access sufficient capital
on favorable terms; mining industry and markets in Canada and generally; the ability of Quebec Silica 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/143744