Quebec Innovative receives drilling OK for Eatonville

Executive Summary

• Quebec Innovative Materials Corp. (QIMC) has received regulatory approval from the Nova Scotia Department of Natural Resources and Renewables to commence Phase 1 drilling at its Eatonville project in the West Advocate area.
• The company is initiating an initial three-hole drill program targeting priority geological zones identified via H2 soil sampling, radon-thoron measurements, and geophysics to generate decision-grade data for future development.
• QIMC has also submitted a regulatory notice for a separate Phase 1 drill program at its Bennett Hill project in East Advocate, with plans to transition directly to Bennett Hill upon completion of Eatonville to maintain operational continuity.

Key Details

• Regulatory Approval: Received notice of approval for the drilling notification application for the Eatonville project, completing the permitting step required for Phase 1.
• Drilling Program Scope (Eatonville):
  • Initial three-hole drill program.
  • Conducted by Maritime Drilling (regional contractor).
  • Targets priority geological zones identified through H2 soil sampling, radon-thoron measurements, and geophysics.
  • Objective is to establish a scalable development model and generate actionable data for follow-on development and Phase 2 drilling.
• Strategic Context:
  • Marks the transition from surface-based exploration to subsurface drilling activities.
  • Part of a broader strategy focused on repeatability, deliverability, and development across multiple jurisdictions (Nova Scotia, Quebec-Ontario, Minnesota).
  • Company controls district-scale land positions along Nova Scotia's Cobequid fault system, Quebec-Ontario Temiscamingue graben, and Minnesota's Mesabi range.
• Upcoming Operations (Bennett Hill):
  • Regulatory notice for the first three-hole Phase 1 drill program at Bennett Hill (East Advocate) was recently submitted.
  • Company intends to transition directly into Bennett Hill drilling after Eatonville completion to maximize operational leverage and deliver consistent exploration catalysts.
• Timeline: The first regulatory notice for Eatonville was formally submitted on January 23, 2026.

Notable Quotes

• "This is a critical moment for QIMC. Our objective is not a one-off success, but a repeatable model -- submit notices, mobilize, drill, develop and scale. Eatonville is up first, and Bennett Hill is next." — John Karagiannidis, CEO
• "Back-to-back phase 1 programs are not coincidental. They are intentional. This is how we build confidence, reduce execution risk and deliver consistent catalysts to the market." — John Karagiannidis, CEO
• "We are not here to wait. We are here to execute. Eatonville and Bennett Hill represent the start of a disciplined, data-driven phase 1 drilling campaign in Nova Scotia." — John Karagiannidis, CEO