Here is my summary of the video update oct 10th, 2024:
· US Listing $QIMCF – FINRA approval passed, trading to start within days
· QIMC invited to Rueters Energy conference in Houston Dec 4-5 as a key exhibitor for Hydrogen
· Amazing team that analyses both oil & gas and mining techniques to discover hydrogen, they are past the phase of finding hydrogen and now working to determine exactly where and how much
· In Jan/Feb will bring in a special scanner that INRS has exclusive use of in Canada which will provide significant data
· Team has been measuring for 6 years and are now determining where and how many reservoirs they have, they know the area is large, it is not small spots of hydrogen rather it is all over the district
· Infrastructure is there to develop a whole valley of hydrogen, it is very close to an existing power plant, it is a 5 hour drive from Toronto, there is rail very near on the Ontario side, location, location, location!
· Property has Hydrogen AND Helium! They are produced n the same reaction, team will continue to measure helium readings but initial results are very exciting, helium sells for about $50/kg
· Estimated reserve quantity will be determined after the drilling starts (summer 2025), however they have internal modeling that is very promising and they think there are 3-4 secondary reservoirs of hydrogen that are all fed by a principle reservoir, the size of each will be determined when drilling starts but they will have a bunch more data to release before that time
· They have been approached by Majors in the field because they are likely the most advanced hydrogen play in Canada and in the top 3 in all of North America
· No Cash Raise Coming! Company is fully funded, INRS programs are fully funded, absolutely no foreseeable short, mid or long term need for capital
· As they always say, “Stay Tuned!”
https://x.com/qimcsilica/status/1844407507445481821?s=46&t=O18gochqEDm4MLAptOFGRg