QIMC Announces $15.0 Million Bought Deal LIFE Offering of Units

Executive Summary

• Québec Innovative Materials Corp. (QIMC) has entered into a "bought deal" private placement agreement for aggregate gross proceeds of C$15,000,300.
• The company is applying for a grant from Nova Scotia's $30M Subsurface Energy R&D Investment Program to support onshore exploration.

Key Details

Private Placement Financing * Underwriter: Research Capital Corporation (RCC) acting as sole underwriter and bookrunner. * Structure: 16,667,000 units at a price of C$0.90 per unit. * Gross Proceeds: C$15,000,300. * Unit Composition: Each unit consists of one common share and one Common Share purchase warrant. * Warrant Terms: Exercise price of C$1.30; expiry 36 months from issuance. * Over-allotment Option: The underwriter has an option to sell up to an additional 2,500,050 units at C$0.90, providing up to C$2,250,045 in additional gross proceeds. * Use of Proceeds: Exploration and evaluation of existing hydrogen and helium projects and general working capital. * Closing Date: Scheduled for the week of April 27, 2026 (subject to approvals including the CSE). * Underwriter Compensation: A cash commission of 7.0% of aggregate gross proceeds and broker warrants equal to 7.0% of units sold (exercise price C$0.90, 36-month term). * Regulatory Exemption: Issued under the "listed issuer financing exemption" (LIFE Exemption) under NI 45-106.

Nova Scotia Grant Application * Program Name: Subsurface Energy R&D Investment Program. * Total Program Funding: $30M. * Administrator: Dalhousie University. * Purpose: Providing grants and incentives for onshore exploration; QIMC is currently applying for a grant under this program.