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Quebec Silica Resources Corp. ( (TSE:QIMC) ) just unveiled an announcement.
Québec Innovative Materials Corp. has announced the expansion of its Phase 1 winter natural hydrogen drilling program in Nova Scotia to over 5,000 metres, backed by significant geophysical advances from the Institut National de la Recherche Scientifique. This move reinforces QIMC’s leadership in the natural hydrogen sector amid growing global interest. Additionally, QIMC has agreed to sell its River Valley Silica Project to Sila Mining Corp., receiving shares, cash, and a royalty, while retaining a strategic role in the project’s future development. This transaction positions River Valley as a key North American supplier of high-purity silica, crucial for various high-tech industries.
More about Quebec Silica Resources Corp.
Québec Innovative Materials Corp. (QIMC) operates in the natural hydrogen exploration industry, focusing on drilling programs and geophysical advancements. The company is a pioneer in this field in Nova Scotia and holds a diverse portfolio of natural hydrogen projects across North America.
Average Trading Volume: 1,116,422
Technical Sentiment Signal: Buy
Current Market Cap: C$65.37M
See more insights into QIMC stock on TipRanks’ Stock Analysis page.