QIMC's U.S. SPV, Orvian, Awarded Two RGRAs from the State of Minnesota to Advance Next-Generation Natural Hydrogen Exploration and Development in the State

Core Insights - The State of Minnesota has awarded two RGRAs to Orvian Resources I LLC, a U.S. special purpose vehicle of Québec Innovative Materials Corp. (QIMC), in partnership with Black Tree Energy Group, to advance natural hydrogen exploration and development [2][3] - This initiative positions Minnesota as a leader in clean, natural hydrogen innovation and marks a significant step towards sustainable energy development in the U.S. [2][3] - QIMC's proprietary methodology and successful track record in natural hydrogen exploration were key factors in securing these RGRAs [2][3] Company Overview - QIMC is focused on exploring and developing natural hydrogen and high-grade silica deposits across North America, with properties in Ontario, Québec, Nova Scotia, and Minnesota [14] - The company emphasizes sustainable practices and innovation, aiming to contribute to clean energy solutions and local economic development [11][14] Exploration and Development - The awarded RGRAs cover approximately 72 square miles in St. Louis County, within the Mesabi Iron Range, an area known for its geological potential for natural hydrogen [2][3] - QIMC's exploration methodologies have successfully identified district-scale natural hydrogen discoveries in various jurisdictions, demonstrating the effectiveness of its integrated geophysical and geochemical approaches [3][11] Strategic Partnerships - The collaboration with Black Tree Energy Group is aimed at delivering responsible development and clean energy solutions, benefiting Minnesota communities [5][15] - The partnership is expected to leverage QIMC's expertise in natural hydrogen exploration to replicate and scale successful initiatives across the U.S. [16] Geological Context - The northern Minnesota region is recognized for its favorable geological conditions for natural hydrogen exploration, particularly due to its iron and manganese resources [7][8] - The exploration permits are located in faulted and folded Proterozoic terrains, which are rich in iron formations conducive to hydrogen production [8][7] Future Outlook - QIMC plans to attend the Reuters Houston Live Energy Conference to brief strategic investors on its clean natural hydrogen platform and ongoing exploration efforts [12][13] - The company aims to systematically expand its U.S. portfolio, highlighting the strategic importance of the newly awarded Minnesota RGRAs for long-term growth [12][13]