DiagnaMed Holdings Corp. and Québec Innovative Materials Corp. have joined forces to enhance hydrogen production at the Ville Marie Hydrogen Project in Québec. The collaboration focuses on integrating DiagnaMed's patented hydrogen extraction technology, developed by Dr. Qingwang Yuan at Texas Tech University, into the project. This innovative approach combines hydraulic fracturing and electromagnetic wave heating to extract hydrogen from sources like light oil, gas, shale reservoirs, and ultramafic rock formations, with a promising production cost target of $0.86 per kilogram. The project aims to support the U.S. Department of Energy's objective of reaching $1/kg hydrogen production by 2031. The partnership offers potential benefits such as leveraging existing oil and gas infrastructure to reduce implementation costs and advance clean hydrogen technology. However, concerns have been raised regarding the issuance of 2,000,000 DMED shares to QIMC, leading to share dilution. Additionally, the technology is still in the testing phase, raising questions about its commercial viability and scalability. Overall, the collaboration signifies a significant step towards cost-effective and sustainable hydrogen production, aligning with global efforts to transition towards cleaner energy sources.