Qi Materials Procures Optisim Mining Solutions FOR Engineering & Production Services
QUÉBEC INNOVATIVE MATERIALS CORP.
CANADIAN SECURITIES EXCHANGE
Symbol "QIMC"
QI MATERIALS PROCURES OPTISIM MINING SOLUTIONS FOR ENGINEERING & PRODUCTION
SERVICES
Lachute, Québec, October 11, 2023 – Québec Innovative Materials Corp. (CSE: QIMC ; FSE: 7FJ)
(“Qi Materials”, “QIMC”, or the “Company”) is pleased to announce that it has procured OptiSim
Mining Solutions (“OptiSim”) of Sudbury, Ontario. OptiSim’s mandate is to assist in advancing the
recently acquired River Valley Silica Project as the Company progresses towards high-grade silica
production.
OptiSim will be assisting Qi Materials on a range of engineering tasks with the aim of accelerating
production at the River Valley Silica Project. The scope of OptiSim’s services is anticipated to
include but is not limited to , assistance with permitting for the various stages of exploration,
development, and production, geotechnical drilling program design, and quarry/production
design. The recently acquired River Valley Silica Project holds a substantial, highly pure
quartz vein with historical reports indicating notable dimensions and purity levels ranging
from 98 -99.9%. Qi Materials has mobilized a crew and is pro gressing through the
exploration and development stages (see September 14, 2023 News Release).
OptiSim has a team of qualified engineering professionals led by Principal Engineer Dr. Eugene
Ben-Awuah, a registered professional mining engineer with extensive experience in Canada,
Australia, and Ghana. He is an A ssociate Professor at the School of Engineering and Computer
Science at Laurentian University in Sudbury, Ontario. He is the IAMGOLD research fellow in open
pit mining, and a member of the Canadian Institute of Mining, Metallurgy, and Petroleum
(“CIM”), the Mining Optimization Laboratory (“MOL”), and the West African Institute of Mining,
Metallurgy and Petroleum ( "WAIMM”). He holds a M.Sc. from the U niversity of Mines and
Technology and a PhD from the University of Alberta S chool of Mining and Petroleum
Engineering.
“We are very excited to be bringing on OptiSim as part of the team as we believe their expertise
is exactly what we need to move this project forward.” Stated Raymond Wladichuk, P.Geo., CEO
of Qi Materials Corp.
Qualified Person
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 reviewed and approved the scientific and
technical information contained in the news release.
Please be advised that a qualified person has not completed sufficient work to classify any mineral
resources as defined by National Instrument (NI) 43 -101; it is therefore uncertain if future
exploration will result in the delineation of mineral resources.
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 im proved 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 the 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 Charlevoi x Silica
Project, near Clermont, Québec, Canada, and the River Valley Silica Project, near Sudbury,
Ontario, as well as other mineral properties in Qu ébec. 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 Cana dian Securities Exchange nor it s 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 r esults, performance or achievements expressed or
implied by such forward- looking statements. Forward -looking statements are statements that are not
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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.