Quebec Innovative gains second N.S. drilling approval

Executive Summary

• Quebec Innovative Materials Corp. (QIMC) has received regulatory approval from the Nova Scotia Department of Natural Resources and Renewables for its Phase 1 drilling notification at the Bennett Hill project in the East Advocate area.
• This marks the second drilling authorization for QIMC in the Advocate area, following previous approval for the Eatonville project in West Advocate, enabling back-to-back drilling programs.
• The company plans to sequence the drilling campaigns, transitioning from Eatonville to Bennett Hill to optimize operational continuity and accelerate subsurface data acquisition in the Cobequid Fault system.

Key Details

• Regulatory Approval: Received notice of approval for Phase 1 drilling notification at the Bennett Hill project, located in the East Advocate area of Nova Scotia.
• Project Context: This is the second drilling authorization in the Advocate area; the first was for the Eatonville project in West Advocate. Both projects are situated along Nova Scotia's Cobequid Fault system.
• Drilling Strategy: QIMC intends to execute back-to-back Phase 1 drilling programs. The strategy involves transitioning from Eatonville directly into Bennett Hill upon completion of initial activities.
• Campaign Scope: Each Phase 1 program is designed as an initial three-hole drill campaign targeting priority geological zones.
• Target Identification: Priority zones were identified through hydrogen soil-gas sampling, radon-thoron measurements, and integrated geological interpretation.
• Future Pipeline: The company is advancing permitting and technical review work in the Little Forks area of Nova Scotia, evaluating it as the next priority area for future Phase 1 drilling approvals.
• Operational Benefits: The dual approvals allow QIMC to maintain operational continuity, optimize contractor utilization, and accelerate subsurface data acquisition.

Notable Quotes

• "Receiving a second drilling approval in the Advocate area confirms that QIMC is executing at the district level... By advancing multiple projects through permitting and into drilling within the Advocate area, we are demonstrating a level of execution and scalability that we believe differentiates QIMC in the emerging natural hydrogen space." — John Karagiannidis, President and CEO