Qi Materials Acquires River Valley Silica Property and Announces New Chairman
QUÉBEC INNOVATIVE MATERIALS CORP.
CANADIAN SECURITIES EXCHANGE
Symbol "QIMC"
QI MATERIALS ACQUIRES RIVER VALLEY SILICA PROPERTY AND ANNOUNCES NEW CHAIRMAN
Lachute, Québec, September 7, 2023 – Québec Innovative Materials Corp. (CSE: QIMC) (“Qi
Materials”, “QIMC”, or the “Company”) is excited to announce the acquisition of the River Valley
Silica Property (the “Property”) located in the Sudbury mining division, near River Valley, Ontario,
Canada.
As shown on Figure 1, the River Valley Silica Property is located approximately 65 kilometres
north east (as the crow flies) from the world-class mining camp of Sudbury, Ontario. It is easily
accessed by existing road infrastructure. The Property covers an area of approximately 47
hectares (Figure 2).
Figure 1: Location of River Valley Silica Property
The Property is host to a highly pure quartz vein, historical publicly available information on the
quartz vein indicate that it is over 300m long and over 40m wide, and is comprised of highly pure
quartz ranging from 98 to 99.9% pure SiO2 (Table 1). A site visit by professional geologist
Raymond Wladichuk, CEO of Qi Materials, confirms that these historical reports appear to be
accurate; however, detailed geological and engineering work is required to confirm these
dimensions and purity grades.
Table 1: Historical assay results
The results shown in Table 1 are historical results. QI Materials will be performing detailed geological work to
confirm these results.
“We believe that the River Valley Silica Property represents a significant volume of high purity
quartz, it is in an excellent jurisdiction, and the geometry of the quartz vein is such that extraction
should be relatively simple.” Stated Raymond Wladichuk, P.Geo., CEO of Qi Materials Corp.
Details of Acquisition
The Property was acquired from an arms-length Vendor pursuant to the Acquisition Agreement,
which was executed on September 1st, 2023. The Company shall issue 2,000,000 common shares
at $0.05 per share to the Vendor on the Closing Date as consideration for the purchase of the
Property. Additionally, the Vendor will be granted a royalty of $2.50 per tonne on gross revenues
from the sale of raw quartz or silica from the Property. The Consideration Shares will be subject
to a hold period of four months and one-day following issuance.
No finders’ fees or commissions are payable in connection with the acquisition of the Property.
Completion of the acquisition remains subject to receipt of any required regulatory approvals.
New Chairman
Qi Materials Corp. is pleased to welcome John Karagiannidis as the new Chairman of the Board.
Mr. Karagiannidis was born and raised in Montréal, Québec, and has been involved in over 300
transactions involving emerging private and public companies with a total value in excess of $2
billion. Mr. Karagiannidis is currently a dealing representative at EMD Financial. Prior to EMD Mr.
Karagiannidis worked at Marquest Capital Markets, Industrial Alliance Securities, and Desjardins
Securities. Mr. Karagiannidis is an MBA graduate of the Ivey Business School (Universi ty of
Western Ontario), LL.B from the University of Montréal and is a member of the Québec Bar
Association.
Granting of Options
QI Materials Corp. has granted an aggregate of 5,500,000 incentive stock options in accordance
with the Company's Stock Option Plan to eligible officers, directors, employees and consultants
of QI Materials Corp. The stock options have an exercise price of $0.05 per share for a period of
two years. All Options were granted pursuant to the Company's 10% rolling stock option plan
(the "Plan") and are subject to the terms of the Plan, the applicable grant agreement and the
requirements of the CSE.
Raymond Wladichuk, P.Geo., (OGQ permit number: 02287, PGO license number: 3526), is the
CEO of Québec Innovative Materials Corp., and a Qualified Person for National Instrument 43-
101 – Standards for Disclosure of Mineral Projects, has the scientific and technical information
contained in the news release.
About High Purity Quartz
Highly pure quartz (SiO2) plays a pivotal role in two critical technologies shaping the future: solar
panels and lithium silicon anode batteries. In the realm of renewable energy, quartz is the raw
feed source of silicon metal (Si), a fundamental component in producing high -efficiency solar
panels. Beyond solar panels, silicon metal is also a promising ingredient in lithium silicon anode
batteries, offering the potential for increased energy storage capacity and improved battery
performance, underscoring the indispensable role of quartz in advancing sustainable energy and
cutting-edge technology. Furthermore, quartz-derived silicon has gained significant strategic
importance, recently earning a place on USA's strategic mineral list.
About Québec Innovative Materials Corp.
Québec Innovative Materials Corp. (CSE: QIMC) (previously Québec Silica Resources Corp.) is a
mineral exploration, and development company with a portfolio of natural resource assets
including high grade silica, hydrogen, and helium properties. QIMC is working toward becoming
a sustainable supplier of resources which are essential in advanced batteries and the
electrification of the green economy. The Company has a 100% interest in the Charlevoix Silica
Project, near Clermont, Québec, Canada, as well as other mineral properties in Québec. The
Company also performs pilot processing on industrial minerals, refining processes to create
custom products.
Additional information on Québec Innovative Materials Corp.is available at
www.qimaterials.com.
On Behalf of the Board of Directors,
QUÉBEC INNOVATIVE MATERIALS CORP.
"Raymond Wladichuk, P.Geo."
Chief Executive Officer
For further information, please contact:
Investor Relations
Tel: +1 (514) 358-8840
Email: [email protected]
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 achievemen ts expressed or
implied by such forward-looking statements. Forward-looking statements are statements that are not
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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; 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 Québec Innovative
Materials Corp. 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.