QIMC Initiates Phase 1 Drilling in West Advocate, Nova Scotia Following Receipt of Regulatory Approval

Executive Summary

• Québec Innovative Materials Corp. (QIMC) received a Nova Scotia Department of Natural Resources and Renewables Notice of Approval for its Eatonville Project, allowing the company to commence Phase 1 subsurface drilling.
• The approved program consists of an initial three‑hole drill campaign targeting priority geological zones identified through soil sampling, radon‑thoron measurements, and geophysics.
• QIMC announced that a parallel regulatory notice has been submitted for the Bennett Hill Project, positioning back‑to‑back Phase 1 drilling to maintain operational momentum.

Key Details

• Regulatory Milestone: Notice of Approval received; permits the transition from surface exploration to subsurface drilling at Eatonville (West Advocate, Nova Scotia).
• Drilling Contractor: Maritime Drilling will execute the three‑hole program.
• Program Scope – Eatonville Phase 1:
• Three drill holes planned.
• Targets selected based on H₂ soil sampling, radon‑thoron measurements, and geophysical surveys.
• Aim: generate decision‑grade data to support follow‑on development and a subsequent Phase 2 program.
• Strategic Significance: First operational inflection point for QIMC’s repeatable “notice → mobilize → drill → develop → scale” model; demonstrates ability to move quickly from permitting to drilling.
• Immediate Follow‑Up – Bennett Hill: Separate regulatory notice filed for a three‑hole Phase 1 program at the Bennett Hill Project (East Advocate). Drilling will commence after Eatonville completion, ensuring continuous execution.
• Geographic Footprint: QIMC controls district‑scale land positions along Nova Scotia’s Cobequid Fault system, Quebec‑Ontario’s Temiscamingue Graben, and Minnesota’s Mesabi Range, supporting scalable development across multiple jurisdictions.
• CEO Commentary: John Karagiannidis emphasized the importance of rapid permitting, operational continuity, and delivering consistent exploration catalysts to investors.

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.” – John Karagiannidis, CEO

“Back‑to‑back Phase 1 programs are not coincidental, they are intentional… We keep drills turning and results flowing.” – John Karagiannidis, CEO