QIMC Commends Quebec's Long-Term Clean Energy Strategy as the Province Accelerates Its Leadership in Geologic Natural Hydrogen
QIMC Commends Quebec's Long-Term Clean
Energy Strategy as the Province Accelerates
Its Leadership in Geologic Natural Hydrogen
Following adoption and coming into force of Bill 17, Quebec
Establishes Clear Long-Term Targets for Natural Hydrogen
Research, Pilot Development and Future Commercial
Production
Montreal, Quebec--(Newsfile Corp. - July 2, 2026) -
Québec Innovative Materials Corp.
(CSE: QIMC)
(OTCQB: QIMCF) (FSE: 7FJ) ("QIMC" or the "Company") commends the Government of Québec on the
release of its long-term energy policy, the Plan de gestion intégrée des ressources énergétiques
(PGIRE) 2026-2050, which identifies geologic (natural) hydrogen as a strategic innovation sector and
establishes a long-term policy framework to advance research, development and future
commercialization as part of Québec's transition to a lower-carbon economy.
The release of the PGIRE represents the latest milestone in Québec's rapidly evolving natural hydrogen
strategy, following the recent adoption of Bill 17, which established Québec's legislative framework
governing the exploration and development of naturally occurring hydrogen. Together, these initiatives
provide a progressively clearer legislative, regulatory and policy framework intended to support the
responsible advancement of Québec's emerging geologic hydrogen industry.
QIMC believes its exploration activities, technical expertise and collaboration with government,
Indigenous partners and research institutions position the Company to contribute meaningfully to
Québec's emerging geologic hydrogen industry.
The PGIRE establishes the following long-term objectives:
Support a minimum of five (5) geologic hydrogen research projects by 2035.
Advance two (2) geologic hydrogen exploitation (production) projects by 2050.
According to the Government of Québec's Plan de gestion intégrée des ressources énergétiques
(PGIRE) 2026-2050, geologic hydrogen has been identified as an emerging innovation sector requiring
a structured development pathway. The Plan establishes objectives of supporting at least five geologic
hydrogen research projects by 2035 and advancing two geologic hydrogen exploitation projects by
2050, reflecting Québec's commitment to developing the regulatory, scientific and industrial framework
necessary to responsibly advance this new energy resource. QIMC believes the policy direction outlined
in the PGIRE provides greater regulatory clarity for companies evaluating investment opportunities in
Québec's emerging geologic hydrogen sector and supports continued collaboration among government,
Indigenous communities, local municipalities, academia and industry as Québec advances its long-term
natural hydrogen objectives.
QIMC has been actively advancing geologic natural hydrogen exploration within the Témiscamingue
Graben, where the Company has developed one of Québec's most comprehensive exploration
programs through regional soil gas hydrogen surveys, geophysical investigations, drilling initiatives and
collaborative partnerships with the Témiscamingue First Nation and leading research institutions. The
Company believes this work positions QIMC to contribute meaningfully to the next phase of Québec's
emerging natural hydrogen industry.
Leadership Commentary
John Karagiannidis, Chief Executive Officer and Chairman of QIMC, stated:
"Québec and Nova Scotia continue to distinguish themselves among the world's most forward-looking
and proactive jurisdictions for geologic natural hydrogen. The progression from Bill 17 to the PGIRE
demonstrates a commitment to providing industry with a transparent framework for responsible
exploration, innovation and future commercial development. Most recently, QIMC was invited to appear
before the National Assembly during consultations on Bill 17 to share our technical experience and
perspectives on the responsible development of Québec's geologic hydrogen resources. We believe
today's announcement demonstrates the Province's continued commitment to building a clear, science-
based framework for this emerging industry."
André Turmel, Executive Chairman of QIMC, added:
"The speed with which Québec has moved from legislative modernization to a comprehensive long-term
energy strategy sends a strong signal that the Province intends to establish itself as one of the world's
leading jurisdictions for the responsible development of naturally occurring hydrogen. We commend the
Government for its vision and look forward to working collaboratively with the Ministry of Economy,
Innovation and Energy, the Témiscamingue First Nation, researchers and other stakeholders as Québec
advances toward pilot projects and, ultimately, commercial production."
QIMC Well Positioned for the Next Stage
Since 2025, QIMC has built a strong technical foundation to support the next phase of Québec's natural
hydrogen industry through exploration, technical innovation and collaboration.
Secured a
5,000-metre diamond drilling permit
in Québec;
Completed one of Québec's largest regional
soil gas hydrogen exploration programs
;
Conducted extensive geophysical surveys across the Témiscamingue Graben;
Advanced proprietary exploration methodologies for naturally occurring hydrogen systems; and
Established collaborative relationships with the
Témiscamingue First Nation
, research
institutions and government stakeholders.
QIMC is evaluating the development of a pilot project under Québec's new legislative framework, which
the Company believes will play an important role in advancing scientific understanding of naturally
occurring hydrogen systems while evaluating future production concepts under real operating conditions.
With the combined implementation of Bill 17 and the PGIRE 2026-2050, QIMC believes Québec has
established one of North America's most progressive policy frameworks for the responsible
development of geologic natural hydrogen. QIMC believes that Québec and Nova Scotia are both well
positioned to become international centres of excellence for naturally occurring hydrogen exploration,
innovation and responsible development.
About Québec Innovative Materials Corp. (QIMC)
Québec Innovative Materials Corp.
(CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) is a North American
exploration and development company advancing a portfolio of natural hydrogen and critical mineral
interests. The Company is advancing its exploration programs across Québec, Ontario, Nova Scotia,
and Minnesota through the application of its proprietary R2G2™ framework.
QIMC is focused on responsible exploration, technical innovation, and the advancement of natural
hydrogen opportunities that may contribute to future clean-energy development initiatives. The
Company's exploration at the Advocate Area involves no hydraulic fracturing and no reservoir
stimulation.
For Further Information
QUÉBEC INNOVATIVE MATERIALS CORP.
John Karagiannidis President & Chief Executive Officer
Email:
Tel: +1 514-726-7058
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains
forward-looking statements
within the meaning of applicable Canadian
securities legislation. Forward-looking statements include, but are not limited to, statements regarding
the Company's exploration activities, anticipated research initiatives and pilot projects, future
commercialization opportunities, regulatory developments, the Company's business strategy, and the
potential significance of the Government of Québec's Plan de gestion intégrée des ressources
énergétiques (PGIRE) 2026-2050 and
Bill 17
to the Company's business and the development of the
geologic natural hydrogen industry.
Forward-looking statements are based on management's current expectations, estimates,
assumptions and projections as of the date of this news release and are subject to known and
unknown risks, uncertainties and other factors that could cause actual results, performance or
achievements to differ materially from those expressed or implied by such forward-looking
statements.
There can be no assurance that future exploration activities, research initiatives, pilot projects,
commercial production opportunities, regulatory developments or government objectives will occur or
be realized as currently anticipated.
Readers are cautioned not to place undue reliance on forward-looking statements. Except as required
by applicable securities laws, QIMC undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/303797