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Quebec Innovative Materials Corp
Symbol QIMC
Shares Issued 107,424,001
Close 2024-09-12 C$ 0.275
Market Cap C$ 29,541,600
Recent Sedar Documents

Quebec Innovative talks Bill 69 public hearings

2024-09-13 02:44 ET - News Release

Mr. John Karagiannidis reports

QIMC ANNOUNCES GRANT OF STOCK OPTIONS, EXTENDS GRATITUDE TO SHAREHOLDERS, AND PROVIDES UPDATE ON QUEBEC'S BILL 69

Quebec Innovative Materials Corp.'s board of directors has authorized the grant of stock options to key members of its team, including directors, officers, consultants and employees. This initiative is designed to align all interests with those of its shareholders and reward dedication and hard work. These stock options are an essential component of the company's strategy to drive performance and incentivize excellence as the company advances its corporate objectives. An aggregate of six million incentive stock options in accordance with the company's stock option plan to eligible officers, directors, employees and consultants of Quebec Innovative. The stock options have an exercise price of 25 cents per share for a period of two years. All options were granted pursuant to the company's 10-per-cent rolling stock option plan and are subject to the terms of the plan, the applicable grant agreement and the requirements of the Canadian Securities Exchange.

Gratitude to shareholders

The company would like to express its sincere appreciation to its shareholders who have recently exercised over 10 million warrants. Your trust and support are crucial to the company's success, and your continued investment enables it to further advance its natural clean hydrogen projects, create long-term value and keep on delivering on its strategic goals.

Update on Quebec's Bill 69

The company is also pleased to provide an update on Quebec's Bill 69, which has recently undergone special consultations and public hearings. The special consultations and public hearings have been conducted to gather stakeholder feedback and ensure that the bill reflects a balanced approach to resource management and environmental stewardship. It has been following these discussions, advocating for policies that support sustainable development and responsible practices.

"We are thrilled about the ongoing hearings and public consultations on Quebec Bill 69," said John Karagiannidis, chief executive officer of Quebec Innovative. "This legislation aligns perfectly with our mission to explore and develop clean natural hydrogen and high-grade silica deposits -- two vital resources for a sustainable future. At QIMC, we are dedicated to supporting Bill 69's objectives and applying our expertise to drive significant progress in Quebec's energy transition and carbon neutrality.

About Quebec Innovative Materials Corp.

Quebec Innovative is a mineral exploration and development company dedicated to exploring and harnessing the potential of Canada's abundant resources. With properties in Ontario and Quebec, Quebec Innovative is focused on specializing in the exploration of white (natural) hydrogen and high-grade silica deposits. Quebec Innovative is committed to sustainable practices and innovation. With a focus on environmental stewardship and cutting-edge extraction technology, it aims to unlock the full potential of these materials to drive forward clean energy solutions to power the artificial intelligence and carbon-neutral economy and contribute to a more sustainable future.

We seek Safe Harbor.

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