QI Materials Announces Strategic Development of Its Quebec Hydrogen Assets and Appointment of New President and CEO
QI Materials Announces Strategic
Development of Its Quebec Hydrogen Assets
and Appointment of New President and CEO
Montreal, Quebec--(Newsfile Corp. - April 24, 2024) - Quebec Innovative Materials Corp. (CSE: QIMC)
(FSE: 7FJ) ("
QI Materials
", "
QIMC
" or the "
Company
"), announces that in an effort to develop
marketable initiatives in the fields of clean and renewable energy, the Company is pleased to present a
strategic development of its St. Lawrence Hydrogen Project in Quebec. QIMC's areas of interest include
exploration for white hydrogen and helium (from natural sources), commercialization of affordable
hydroelectric technologies and local biomethane production.
Description of QIMC hydrogen assets
In November 2022 (see news release dated November 10, 2022), QIMC acquired a 100% interest in
three mineral claim properties, consisting of 248 mineral claims totalling 14,257 hectares, referred to as
the St. Lawrence Hydrogen Project, located in Quebec.
Collaboration with INRS
Following Professor Richer-LaFlèche's suggestions in 2022, QIMC has developed a strategy for
acquiring properties in regions affected by rift zones intersecting Precambrian rocks rich in potassic,
ultramafic and iron formations. These structural zones are associated with the presence of Paleozoic
sedimentary rocks, which by analogy with hydrocarbon host systems, could contain reservoir rocks and
impermeable units essential to the preservation of hydrogen and/or helium.
In 2024, QIMC, in collaboration with INRS, plans to carry out a first phase of exploration for white
hydrogen and helium on these vast properties located in Témiscamingue, near the Quebec-Ontario
border (
Fig. 1
), and in Lac St-Jean (
Fig. 2
), and.
An intervention protocol coupling soil gas geochemistry, geophysics and optical and Lidar drone
imaging is currently being developed by INRS to provide QIMC with an optimal exploration strategy
considering the large surface areas of the Companies properties.
Figure 1: Simplified geological map of the Temiscaming rift area. QIMC's exploration permits are shown
in red on the map.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7968/206608_881b032a84708807_002full.jpg
Figure 2.
A) Elevation map of the Saquenay region and adjacent Precambrian terrains. B) Simplified
geological map of the Saguenay rift area. QIMC's exploration permits are shown in red on the map.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7968/206608_881b032a84708807_003full.jpg
Management Change
QI Materials is pleased to announce the appointment of John Karagiannidis as its new President and
CEO. 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 (University of Western
Ontario), LL.B from the University of Montréal and is a member of the Québec Bar Association.
The Company wishes to extend its appreciation to Patrick Levasseur who has acted as Interim Chief
Executive Officer since March 2024.
Mr. Levasseur remains a director of QIMC.
"Hydrogen represents not just a solution, but a revolution in the energy landscape, unlocking boundless
potential for sustainable power and a greener future. We are delighted to be collaborating with Marc and
his team at the INRS on this," stated Mr. Karagiannidis.
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 (
Québec Green Hydrogen and Bioenergy Strategy | Gouvernement du Québec
(quebec.ca)
).
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.
M. 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.
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. He 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.
About Québec Innovative Materials Corp.
Québec Innovative Materials Corp.
(CSE: QIMC) (FSE: 7FJ)
(previously Québec Silica Resources
Corp.) is a mineral exploration, and development company with a diversified 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 new green economy.
QUÉBEC INNOVATIVE MATERIALS CORP.
John Karagiannidis
Chief Executive Officer
Tel: +1 438-401-8271
For further information, please contact:
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
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; 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/206608