Quebec Innovative Materials Co. (QIMC) Advances Its Nova Scotia Hydrogen Exploration Program

Quebec Innovative Materials Co. (CSE: QIMC; OTCQB: QIMCF) announced a series of substantive drill‑hole results at its West Advocate Eatonville Project in Nova Scotia that reinforce the company’s structural natural‑hydrogen model.

Key Drilling Milestones

  • First 300 m of the 650‑m diamond hole DDH‑26‑01 – The hole intersected a previously unmapped, ~40 m wide hydrogen‑bearing fault corridor extending from 142 m to 191 m depth.
  • Hydrogen readings – Concentrations exceeded 1,000 ppm at the collar of the borehole. The instrument’s limit is 1,000 ppm; therefore, actual values are likely higher.
  • Pressurized formation water and visible gas bubbling – These observations confirm an active structural system that is conducive to natural hydrogen migration.

The company plans to extend the hole to 650 m and drill four additional holes, completing a systematic, data‑driven exploration program. In‑situ pressurized water sampling is scheduled to quantify subsurface hydrogen levels more precisely.

Strategic Significance

QIMC’s discovery of a multi‑zone hydrogen system at 313 m (reported in a subsequent update) further validates the structural control hypothesis. The identification of a second hydrogen‑associated structural zone at this depth underscores the potential for a multi‑zone hydrogen reservoir, which could enhance both resource density and extraction efficiency.

These results represent a direct subsurface confirmation of the company’s theoretical model and provide a clear pathway for subsequent development phases. The systematic approach, coupled with the company’s capital allocation strategy, positions QIMC to advance from exploration to potential production more rapidly than peers in the emerging natural‑hydrogen sector.

Management Commentary

John Karagiannidis, President of QIMC, stated, “Reporting on the first 300 metres of a planned 650‑metre hole, we have intersected a 40‑metre‑wide hydrogen‑bearing fault corridor with readings that exceed the instrument limit. These findings confirm an active natural hydrogen migration system at West Advocate and validate our structural natural‑hydrogen model.”

Market Context

As of February 23, 2026, QIMC’s share price traded at CAD 0.80, a modest increase from the 52‑week low of CAD 0.12 and approaching the 52‑week high of CAD 0.97. The company’s market capitalization stands at approximately CAD 96 million. The current price‑earnings ratio of ‑51.02 reflects the exploratory nature of the business and the absence of positive earnings at this stage.

Outlook

The company’s focused drilling program and the recent confirmation of a structurally controlled hydrogen system provide a compelling narrative for investors. With a clear, data‑driven roadmap and a dedicated capital allocation strategy, QIMC is positioned to translate these subsurface discoveries into viable production assets in the near term.

The information herein is based exclusively on publicly disclosed data and official company statements. No additional external information has been incorporated.