Mr. John Karagiannidis reports

QUEBEC INNOVATIVE MATERIALS CORP (QIMC) AND BLACK TREE ENERGY GROUP SARL (BTEG) SIGN STRATEGIC MOU TO ADVANCE NATURAL HYDROGEN EXPLORATION AND DEVELOPMENT WITH A FOCUS ON U.S. EXPANSION

Quebec Innovative Materials Corp. has signed a memorandum of understanding (MOU) with Black Tree Energy Group Sarl (BTEG), a Swiss-based energy infrastructure and project development firm. This partnership reinforces Quebec Innovative's strategic expansion into the United States, a key market for accelerating the commercialization of natural hydrogen. Together, Quebec Innovative and BTEG will drive large-scale hydrogen projects by integrating technical expertise with financial strategy, project development and execution capabilities.

Driving growth in the United States market

With strong support for clean natural hydrogen initiatives, the United States presents a substantial opportunity for natural hydrogen development. Through this memorandum of understanding (MOU), Quebec Innovative intends to capitalize on its established expertise in natural renewable hydrogen -- encompassing geological and geophysical analyses, project evaluation, and hydrogen fieldwork and drilling -- to identify high-potential United States sites and accelerate the path to commercial production.

BTEG's proven record in infrastructure development, industrial gases commercialization, strategy and financial structuring will reinforce Quebec Innovative's U.S. expansion efforts. By combining resources, both companies will pursue large-scale projects and offtake agreements designed to meet growing U.S. market demand and strengthen the U.S. domestic hydrogen supply chain.

Key areas of collaboration

1. U.S. hydrogen exploration and project development
   1. Conducting detailed geological surveys, reservoir assessments and strategic site selection to identify optimal natural hydrogen extraction opportunities across the United States.
2. Technical and consulting services
   1. Providing advanced technical expertise, feasibility analyses and project management to ensure timely and efficient project execution.
3. Market strategy and offtake agreements
   1. Focusing on high-potential U.S. markets, securing long-term offtake commitments and co-ordinating commercialization strategies that align with evolving federal and state-level clean energy policies.
4. Infrastructure and investment
   1. Developing robust infrastructure for hydrogen production, transportation and storage while actively pursuing investment partnerships to accelerate growth in key U.S. regions.
5. Broader sustainable energy initiatives
   1. Exploring opportunities to integrate carbon capture, utilization and storage (CCUS), geothermal energy, and the extraction of valuable gases such as helium into combined U.S. project portfolios.

John Karagiannidis, chief executive officer of Quebec Innovative, commented:

"This partnership with Black Tree Energy Group positions Quebec Innovative to capitalize on the rapidly expanding U.S. market for clean natural hydrogen. We believe our expertise in natural renewable hydrogen exploration, paired with BTEG's infrastructure and financial capabilities, will enable us to establish a strong foothold in the U.S. and drive significant growth opportunities."

Jorge Ruiz del Vizo, chief executive officer of BTEG, added:

"Partnering with Quebec Innovative presents a unique opportunity to transform the U.S. natural hydrogen landscape. Our collective efforts and experience will focus on advancing natural hydrogen as a viable, large-scale primary energy source. By making access to this natural energy resource possible, we will create value for all stakeholders and contribute to a sustainable energy future."

Next steps

Both parties will immediately commence work on a U.S.-focused action plan, prioritizing site evaluations and prospective project opportunities. A dedicated governance framework will oversee the collaboration, supported by regular progress reviews and strategic updates.

About Quebec Innovative Materials Corp.

Quebec Innovative Materials is a Canadian leader in natural hydrogen exploration and technology. The company's mission is to responsibly develop natural renewable hydrogen resources to support the global transition toward sustainable energy. With a dedicated focus on the U.S. market, Quebec Innovative is expanding its presence through strategic partnerships and cutting-edge technology.

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