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Quebec Innovative Materials Corp
Symbol QIMC
Shares Issued 123,704,001
Close 2026-04-09 C$ 1.18
Market Cap C$ 145,970,721
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Quebec Innovative gets Minnesota drilling registration

2026-04-10 12:56 ET - News Release

Mr. John Karagiannidis reports

QUEBEC INNOVATIVE MATERIALS CORP. ANNOUNCES U.S. AFFILIATE ORVIAN RECEIVES MINNESOTA DNR REGISTRATION FOR EXPLORATORY BORING

Quebec Innovative Materials Corp.'s United States affiliate, Orvian Natural Resources LLC, has received registration from the Minnesota Department of Natural Resources (DNR) authorizing the company to initiate exploratory subsurface boring activities in the state of Minnesota.

Highlights

  • Orvian Natural Resources LLC receives Minnesota DNR registration authorizing exploratory subsurface boring;
  • Enables advancement to field validation and subsurface testing across company's Minnesota land position;
  • Land package secured through state-issued Regional Geological Resource Allocation (RGRA) township grants;
  • Targeting mafic-ultramafic geological systems within the Duluth complex and Mesabi Iron Range;
  • Phased exploration program progressing from data integration through staged field programs.

The registration enables Orvian to formally advance subsurface exploration activities across its Minnesota land position, including areas within the Duluth complex and Mesabi Iron Range, where the company has previously secured exploration rights through state-issued Regional Geological Resource Allocation (RGRA) township grants.

CEO (chief executive officer) commentary

"The receipt of Orvian's registration from the Minnesota DNR marks an important milestone in advancing our U.S. exploration strategy," said John Karagiannidis, chief executive officer of Quebec Innovative. "The RGRA allocations provided us with access to a large, contiguous land position in a favourable geological environment. With this registration in place, we can now move systematically from data integration to field validation and subsurface testing. Minnesota has the scale, geological characteristics and infrastructure to support a meaningful component of our North American exploration portfolio."

Strategic positioning in a favourable U.S. geological setting

Quebec Innovative has previously identified Minnesota as a jurisdiction with favourable geological characteristics for natural hydrogen and associated energy systems. Through its U.S. affiliate Orvian, the company has secured access to multiple RGRA townships in St. Louis County.

This large-scale mafic-ultramafic geological system is recognized for its iron-rich lithologies and regionally extensive structural networks. The company considers Minnesota to represent a district-scale exploration opportunity within a stable and well-defined regulatory environment.

Application of the R2G2 exploration model

Quebec Innovative is applying its proprietary Reactivated Rift and Graben Geostructure (R2G2) model -- developed in collaboration with the Institut national de la recherche scientifique (INRS) -- to guide exploration targeting in Minnesota.

The R2G2 framework integrates:

  • Reactivated fault and rift architectures;
  • Structural repetition and compartmentalization;
  • Geochemical indicators including hydrogen, helium and associated gases;
  • Multilayer geophysical data sets, including gravity and magnetic surveys.

Technical rationale -- Minnesota as a high-potential target

Quebec Innovative's entry into Minnesota is supported by its interpretation that the Duluth complex and surrounding Mesabi Iron Range exhibit characteristics consistent with environments where natural hydrogen systems may occur.

These include:

  • Iron-rich mafic and ultramafic rocks and magnetite-manganese oxide-rich BIF conducive to hydrogen-generating reactions;
  • Deep-seated structural systems and reactivated fault networks;
  • Regional tectonic architecture consistent with the R2G2 model;
  • Basement-rooted fault corridors capable of supporting vertical gas migration.

These interpretations are supported by analogous geological environments where hydrogen occurrences have been documented in mafic and ultramafic systems.

Scientific commentary

"Geological conditions observed within the Duluth complex suggest the presence of large-scale mafic and ultramafic systems intersected by deep structural corridors showing evidence of complex tectonic evolution. In the same way, abundant magnetite-rich Taconites are sources with high potential for hydrogen production at lower temperatures than for olivine-rich rocks. These features are consistent with geological environments where hydrogen generation and migration processes may occur. The application of an integrated structural and geochemical approach, such as the R2G2 model, provides a rational framework to prioritize targets within this underexplored region," said Prof. Marc Richer-Lafleche, Institut national de la recherche scientifique (INRS).

Next steps -- Minnesota exploration program

Following receipt of the DNR registration, Orvian will initiate a phased exploration program across its RGRA township land position.

Phase 1 -- data integration and targeting

  • Compilation and integration of historical geological, geophysical and geochemical data sets;
  • Application of the R2G2 model to identify priority structural corridors;
  • Target ranking based on fault architecture, lithology and basin-scale structural trends.

Phase 2 -- field validation

  • Soil-gas sampling programs targeting hydrogen, helium and associated gases;
  • Radon and thoron surveys to identify active deep-sourced degassing pathways;
  • Deployment of mobile geophysical surveys (gravity and magnetics) to refine subsurface structures.

Phase 3 -- subsurface testing

  • Execution of exploratory boring programs under the DNR registration
  • Down hole gas measurements and dissolved gas analysis;
  • Integration of results into a refined 3-D geological and structural model.

About Quebec Innovative Materials Corp.

Quebec Innovative Materials is a North American exploration and development company advancing a portfolio of natural hydrogen and critical mineral projects. The company is advancing its district-scale hydrogen exploration model across Quebec, Ontario, Nova Scotia and Minnesota (United States), leveraging its proprietary R2G2 framework developed in collaboration with INRS. Quebec Innovative is committed to sustainable development, environmental stewardship and innovation, with the objective of supporting clean energy and decarbonization initiatives.

We seek Safe Harbor.

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