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Quebec Silica Resources Corp. ( (TSE:QIMC) ) has shared an announcement.
Québec Innovative Materials Corp. said its U.S. affiliate Orvian Natural Resources has obtained registration from the Minnesota Department of Natural Resources to begin exploratory subsurface boring. The approval allows the company to move from desktop data integration to field validation and subsurface testing across multiple state-allocated townships in St. Louis County that were secured under Minnesota’s Regional Geological Resource Allocation program.
Management said the authorization is a key milestone in QIMC’s U.S. expansion strategy as it seeks district-scale opportunities in natural hydrogen within the Duluth Complex and Mesabi Iron Range. The company plans a phased exploration program guided by its proprietary R2G2 structural and geochemical model, which it believes fits the region’s iron-rich mafic and ultramafic rocks and deep fault systems, potentially strengthening its North American exploration portfolio if results are positive.
More about Quebec Silica Resources Corp.
Québec Innovative Materials Corp. is a Canadian exploration and materials company focused on developing natural hydrogen and associated energy systems. Through its U.S. affiliate, Orvian Natural Resources LLC, the company is building a land position in Minnesota’s Duluth Complex and Mesabi Iron Range, targeting large-scale mafic-ultramafic geological systems in a stable regulatory environment.
Average Trading Volume: 1,170,925
Technical Sentiment Signal: Buy
Current Market Cap: C$151.8M
See more data about QIMC stock on TipRanks’ Stock Analysis page.