The Natural Hydrogen Leader shares technical expertise and exploration experience to support the development of Quebec’s emerging natural hydrogen sector.
Quebec Innovative Materials Company (CSE): QIMC) (Otkbk: QIMCF) (FSE: 7FJ) (“QIMC” or the “Company”), the recognized leader in the natural hydrogen industry in Canada and North America, appeared yesterday before the Parliamentary Committee of the National Assembly of Quebec in connection with Draft Law No. 17, a law whose main purpose is to amend the law relating to the storage of natural gas and natural gas and oil pipelines for the purpose of managing underground reservoirs and certain pipelines.. Bill 17 aims, among other things, to create a legal and regulatory framework for natural hydrogen. The company was well received by committee members from the government and the opposition.
QIMC was invited to appear before the committee to comment on Bill 17 and in recognition of its leadership role in natural hydrogen exploration and development and its experience developing projects in both Quebec and Nova Scotia. The company’s presentation focused on the geological potential of naturally occurring hydrogen in Quebec and the importance of establishing a regulatory framework to support responsible exploration and development. QIMC’s presentation and question period were publicly broadcast by the National Assembly, and a recording of the proceedings is available through the official archives of the National Assembly of Quebec.
Recognized as an industry leader
“We are deeply honored to have been invited to appear before this important parliamentary committee as an industry leader,” said John Karagianidis, CEO of QIMC. “This invitation reflects the confidence that the Quebec government places in our expertise in natural hydrogen – a resource whose potential for this province is truly extraordinary.”
QIMC would like to express its sincere gratitude to the Government of Quebec for the invitation, and to members of the Opposition for their thoughtful and constructive questions. The exchange was substantive, comprehensive and demonstrated strong cross-party interest in the responsible development of this strategic resource.
Quebec and Nova Scotia: Transferable experiences across two provinces
QIMC highlighted remarkable geological similarities between Quebec and Nova Scotia – two provinces that share similar rock formations that are particularly conducive to the generation of pure, natural hydrogen. Importantly, the analysis of the gas composition in Quebec reflects what QIMC has documented in Nova Scotia: natural hydrogen free of methane (CH₄) and carbon dioxide (CO₂), which represents a very pure natural hydrogen composition. As a leader in natural hydrogen exploration in Nova Scotia, QIMC is uniquely positioned to apply its proven knowledge and methodologies in the Quebec context.
“Our work in Nova Scotia represents a real strategic asset. The insights gained and data accumulated through our exploration activities allow us to address Quebec’s potential with scientific precision and operational efficiency already proven in the field,” Karagianidis noted.
A 5,000 meter drilling permit already exists for Abitibi-Temiscaming
QIMC already holds a 5,000-meter drilling permit in the Abitibi-Témiscamingue area in Quebec. Precise geological targets have been identified, enabling the company to move quickly on drilling activities. This operational start positions QIMC as a ready-to-go player, awaiting the appropriate legislative and regulatory framework to move forward.
Draft Law 17
QIMC welcomes the progress made by Bill 17 and believes that the proposed legislation represents an important step towards establishing a clear regulatory framework for the responsible development of Quebec’s natural hydrogen resources. This legislative framework is essential to properly govern the development of clean natural hydrogen in Quebec – a resource naturally free of methane and carbon dioxide – to attract the investments needed to unleash the province’s enormous potential, and establish Quebec as a world leader in the strategically vital clean energy sector.
“Natural hydrogen represents a historic opportunity for Quebec – a clean, local and geologically renewable energy source. With the right legislative and regulatory framework, Quebec can become a global model. We are ready to do our part,” Karagianidis concluded.
About QIMC
Québec Innovative Materials Corp. is a North American exploration and development company developing a portfolio of natural hydrogen and significant minerals projects. The company is developing its model for regional hydrogen exploration across Quebec, Ontario, Nova Scotia and Minnesota, leveraging its R2G2™ framework.
QIMC is committed to responsible exploration, technical innovation and sustainable development, with the aim of supporting clean energy and decarbonisation initiatives.
A recording of QIMC’s appearance before the Parliamentary Committee of the National Assembly of Quebec regarding Bill 17 is available here: Watch the video
Disclaimer
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 certain forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements relating to the passage and implementation of Bill 17, the Company’s ability to develop natural hydrogen exploration and development activities, the commencement of future drilling programs, the potential development of natural hydrogen resources in Quebec, and the Company’s strategic plans and objectives.
Forward-looking statements are based on a number of assumptions, including, but not limited to, regulatory approvals being obtained in a timely manner, the continued availability of financing, favorable geological conditions, and the Company’s ability to execute its exploration and development plans. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, changes in regulatory requirements, delays in the issuance of permits, exploration risks, geological uncertainties, financing risks, market conditions, and general economic and business conditions.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
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