release031921st Sector Newswire - ST.C

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Sector:  Mining, Base Metals, Technology   :

 

News Release -  September 15, 2023 4:33 PM ET    - Editorial Release

 

 

QI Materials to Mobilize Crew to River Valley and List on the Frankfurt Exchange

 

NEW YORK, NY, September 15, 2023 /Sector Newswire/ -- Québec Innovative Materials Corp. (CSE: QIMC) (Frankfurt: 7FJ) this week announced that a crew is scheduled to mobilize early next week to the newly acquired River Valley Silica Project. Additionally, Qi Materials is announced that it has listed and started trading on the Frankfurt Stock Exchange under the symbol 7FJ.

 

QIMC is also the subject of a Mining MarketWatch Journal review, full copy of which may be viewed at https://miningmarketwatch.net/qimc.htm online.

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Copy of September 14, 2023 Company News Release:

 

QI Materials to Mobilize Crew to River Valley and List on the Frankfurt Exchange

 

Lachute, Québec--(Newsfile Corp. - September 14, 2023) - Québec Innovative Materials Corp. (CSE: QIMC) (FSE: 7FJ) ("QI Materials," "QIMC," or the "Company"), is pleased announce that a crew is scheduled to mobilize early next week to the newly acquired River Valley Silica Project (see September 07, 2023 news release).
 
River Valley Silica Project
 
Qi Materials plans on having a crew mobilized to the newly acquired River Valley Silica Project early next week. The Company plans on completing a breadth of exploration and development stages over the next few weeks. These are anticipated to include: establishing access, outcrop cleaning and stripping, channel sampling, detailed geological mapping, detailed geological sampling, a detailed topographic survey, and drill hole planning.
 
The River Valley Silica Project is host to a high purity quartz vein. Publically available historical* purity results and mapping indicate that the quartz vein is up 99.9% pure SiO2. Historical* mapping indicates that the quartz vein is over 300m long and over 40m wide. Figure 1 below shows historical* photos of a portion of the impressive quartz vein.
 
 *Historical information is based on work performed by previous operators and access from the Ontario Ministry online database MLAS. Qi Materials Corp. has not yet verified these historical results.

 

 

Figure 1: Historical photos of a portion of the quartz vein

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7968/180589_qifigure1full.jpg
 

Frankfurt Listing
 
Qi Materials is pleased to announce that it has listed and started trading on the Frankfurt Stock Exchange under the symbol 7FJ.
 
Market-Maker
 
Qi Materials is pleased to announce that it has retained PI Financial Corp. ("PI") for market making services in accordance with the Canadian Securities Exchange ("CSE") policies. PI will trade the securities of Qi Materials on the CSE for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $5,000 for a minimum term of three months and renewable thereafter. Qi Materials and PI are unrelated and unaffiliated entities. PI will receive shares or options as compensation. The capital used for market making will be provided by PI.
 
Qualified Person
 
Raymond Wladichuk, P.Geo., (OGQ permit number: 02287, PGO license number: 3526), is the CEO of Québec Innovative Materials Corp., and a Qualified Person for National Instrument 43-101 - Standards for Disclosure of Mineral Projects, approves the scientific and technical information contained in the news release.
 
About High Purity Quartz
 
Highly pure quartz (SiO2) plays a pivotal role in two critical technologies shaping the future: solar panels and lithium silicon anode batteries. In the realm of renewable energy, quartz is the raw feed source of silicon metal (Si), a fundamental component in producing high-efficiency solar panels. Beyond solar panels, silicon metal is also a promising ingredient in lithium silicon anode batteries, offering the potential for increased energy storage capacity and improved battery performance, underscoring the indispensable role of quartz in advancing sustainable energy and cutting-edge technology. Furthermore, quartz-derived silicon has gained significant strategic importance, recently earning a place on the USA's strategic mineral list.

About Québec Innovative Materials Corp.
 
Québec Innovative Materials Corp. (CSE: QIMC) (FSE: 7FJ) (previously Québec Silica Resources Corp.) is a mineral exploration, and development company with a portfolio of natural resource assets including high grade silica, hydrogen, and helium properties. QIMC is working toward becoming a sustainable supplier of resources which are essential in advanced batteries and the electrification of the green economy. The Company has a 100% interest in the Charlevoix Silica Project, near Clermont, Québec, Canada, the River Valley Silica Project, near Sudbury, Ontario, as well as other mineral properties in Québec. The Company also performs pilot processing on industrial minerals, refining processes to create custom products.
 
Additional information on Québec Innovative Materials Corp.is available at www.qimaterials.com .

On Behalf of the Board of Directors,

QUÉBEC INNOVATIVE MATERIALS CORP.
"Raymond Wladichuk, P.Geo."
Chief Executive Officer

For further information, please contact:
Investor Relations
Tel: +1 (514) 358-8840
Email: info@qimaterials.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-Looking Statements
 
This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Québec Innovative Materials' actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
 
Although Québec Innovative Materials believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
 
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Québec Innovative Materials Corp. to implement its business strategies; competition; and other assumptions, risks and uncertainties.
 
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

 

 ...click here for full copy of news release from source

 

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Excerpt copy of recent Mining Journal review:

 

Québec Innovative Materials Corp. High-Purity Silica Presents Opportunity

 

Valuation Commentary: Québec Innovative Materials Corp. (CSE: QIMC) (Frankfurt: 7FJ) is a Canadian-based mineral exploration and development company rapidly advancing toward a near-term industrial mining production scenario on its portfolio of high-grade SiO2 properties in Ontario and Quebec.

 

Demand for reliable high-purity quartz/silica feed is increasingly critical for companies such as nearby Montreal-based HPQ Silicon Inc. which is developing several new advanced silicon innovation processes that will drive the future (see related news release "QIMC Contributes to HPQ Silicon Battery Initiative", among others), such as GM and Ford which are building new EV battery plants nearby (next gen lithium silicon anode batteries offer improved performance and capacity), such as solar panel glass manufactures and a myriad of other applications (ceramics, building materials, foundry and metals, coatings and polymers, chemicals, filtration and absorbents, etc.). CSE:QIMC is set for upside share price revaluation to better reflect its strategic positioning, able to provide crucial feed.

 

The Company has prioritized its recently acquired 100%-owned River Valley Silica Property, 65 Km northeast of Sudbury Ontario, to be advanced toward fast-track production. River Valley has no permitting issues, it hosts a substantial quarryable body of 98% - 99.9+% pure SiO2 proximal roads and rail infrastructure. QIMC also benefits from the expertise of the former owner, a mining engineer who retains a 2.5% royalty, he will be expediting permits, assist in designing a quarry, and facilitate first nations consulting. An overview of two key silica projects belonging to QIMC (1-River Valley, 2-Charlevoix in Québec) may be viewed further below in this article.

 

Unlike traditional mining mineral resources (such as gold), which require copious amounts of drilling, silicon dioxide is industrial quartzite and a massive voluminous resource is able to be blocked out quickly with a few 100m drill holes (~1,000 m total should suffice), also these type of bodies are typically operated for multiple decades and the grades/quality get better with depth (where there is less weathering and impurities). The hard part (which QIMC has already accomplished) is to find the right combination of purity, consistency, access, permitting, and infrastructure -- the actual extraction of material is typically inexpensive (as its quarry-style mining), it is the transportation costs that can quickly add up. At River Valley its a short trip down highway and onto established rail network, and at Charlevoix it is only ~3.5 hours by road to Montreal (where HPQ, and other manufacturers are along the Saint Lawrence). In-short, economics are expected to be robust.

 

Over the coming months QIMC will continue to provide silica feed from its Charlevoix project to varrious industry participants, while it juxtposes development efforts to ready River Valley and the new Charlevoix discovery zone. The new discovery zones 3, 4, & 5 at Charlevoix are preferable (over the established Zone 1 & 2) as they is are higher purity and are confirmed without permitting issues, 100% outside any hunting & fishing zec. Property zones will be stripped clean and various surveys conducted as needed with the intention of going operational.

 

Market Equities Research Group has a near-term (12 month) price target of C$0.50 for CSE:QIMC: QIMC currently has a nominal market cap of ~C$4.5M (~73.91 million shares trading near ~C$0.06). The company has sufficient capital on hand to accomplish all exploration and development goals for 2023 and into next year. The share price of QIMC is poised for upside revaluation as the significance of what Québec Innovative Materials Corp. possesses is better appreciated by the market. A good comparable for investors in QIMC to look forward gravitating towards is that of Homerun Resources Inc. (HMR), a silica pure-play out of Brazil -- HMR trades with a marketcap near C$40M; Comparably QIMC is on par for silica and is out of North America, which affords certain advantages. QIMC has simply been under-the-radar, however now with the moves its making to advance key assets combined with continued expressions of intent from client HPQ and others, it appears only a matter of time before QIMC gravitates significantly higher in share price (several multiples current) and trade closer to parity with HMR.

 

 

Figure 1. (above) -- QIMC has various grades and types of feed stock, mined from its Charlevoix project, prepped and ready for delivery to clients requiring silica according to spec. Visible in the image above in the bags up front and in the insets are large crystalline-like chunks that are milled to specification; in HPQ Silicon Inc.'s case they are very specific: X size, at X grade, X-sort of dimension, roundness angularity, etc. -- reports are they are very pleased with the product being delivered. In the image above, any weathered look is attributed to surface exposure -- simply crack below the surface and the silica is much more translucent white. The rows of bags further to the back are finer material, a by-product of processing the main batch -- this material would go to a different client such as an asphalt company; no waste. ...

 

...Full copy may be viewed at https://miningmarketwatch.net/qimc.htm online.

 

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The following URLs have been identified for additional insight on Qi Materials Corp.:
 
Company website:
www.qimaterials.com

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SEDAR: URL

 

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Recent Mining Journal Review:
https://miningmarketwatch.net/qimc.htm

 

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This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL(s).

 

 

SOURCE: Sector Newswire editorial

editorial@SectorNewswire.com

 

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