QIMC Adopts Shareholder Rights Plan to Enhance Shareholder Protection and Protect Long-Term Value

Core Viewpoint - Québec Innovative Materials Corp. (QIMC) has adopted a Shareholder Rights Plan to protect shareholders and ensure fair treatment in potential acquisition offers [1][2][4]. Group 1: Shareholder Rights Plan Details - The Shareholder Rights Plan aims to provide fair treatment to all shareholders during acquisition offers and allows the Board to explore alternatives to unsolicited takeover bids [2][3]. - The plan requires ratification by shareholders within 90 days and will have an initial term of three years if approved [3]. - If not ratified within six months, the plan will terminate [3]. Group 2: Context and Rationale - The plan was not adopted in response to any specific takeover bid but was prompted by increased trading volume, which raises the risk of 'creeping bids' that could affect shareholder value [4]. - The Board believes that governance measures like the Shareholder Rights Plan are essential for protecting long-term value while pursuing strategic objectives [6]. Group 3: Company Overview - QIMC is focused on mining exploration and development, particularly in natural hydrogen and high-grade silica deposits across North America [7]. - The company is committed to sustainable development and supporting clean energy solutions for a carbon-neutral economy [8].