QIMC Secures C$15 Million Bought Deal to Advance Hydrogen and Helium Exploration

Quebec Silica Resources Corp. ( (TSE:QIMC) ) has shared an announcement.

Québec Innovative Materials Corp. has arranged a C$15.0 million bought deal private placement of 16,667,000 units at C$0.90 each, with each unit comprising one common share and one warrant exercisable at C$1.30 for 36 months. The financing, conducted under the listed issuer financing exemption and led by Research Capital Corporation, could rise by about C$2.25 million if an over-allotment option is exercised, and the company plans to use the proceeds to advance its hydrogen and helium exploration projects and for working capital.

The offering, expected to close around the week of April 27, 2026, remains subject to customary regulatory approvals, including from the Canadian Securities Exchange, and will provide freely tradeable securities in most Canadian provinces. QIMC also highlighted Nova Scotia’s new C$30 million Subsurface Energy R&D Investment Program and confirmed it is applying for a grant under this initiative, potentially adding non-dilutive funding support for its onshore exploration activities.

More about Quebec Silica Resources Corp.

Québec Innovative Materials Corp. is a North American exploration and development company focused on natural hydrogen and critical mineral projects. The company is advancing a district-scale hydrogen exploration model across Québec, Ontario and other regions, positioning itself within the emerging low-carbon energy and critical materials sectors.

Average Trading Volume: 1,166,294

Technical Sentiment Signal: Buy

Current Market Cap: C$145.4M

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