QIMC and DiagnaMed Collaboration for Advanced Hydrogen Production in Ville Marie Clean Natural Renewable Hydrogen Project
Key Ideas
- Strategic partnership with DiagnaMed enables QIMC to optimize hydrogen production technology at the Ville Marie project.
- Acquisition of 2,000,000 DMED shares enhances QIMC's position and access to innovative hydrogen extraction methods.
- Utilization of patented technology combining hydraulic fracturing and electromagnetic wave heating to achieve cost-efficient hydrogen production.
- Listing on the OTCQB marketplace under 'QIMCF' symbol aims to improve visibility and trading opportunities for US investors.
Québec Innovative Materials Corp. (QIMC) has announced a collaboration with DiagnaMed Holdings Corp. to implement advanced hydrogen production technology at the Ville Marie Hydrogen Project in Québec. This strategic partnership allows QIMC to leverage DiagnaMed's patented technology, developed by Dr. Qingwang Yuan, which combines hydraulic fracturing with electromagnetic wave heating to extract hydrogen from various sources. The collaboration aims to achieve hydrogen production costs as low as $0.86 per kilogram, aligning with the U.S. Department of Energy's target of $1/kg by 2031. Additionally, QIMC's acquisition of 2,000,000 DMED shares through this collaboration enhances its access to innovative hydrogen extraction methods. The company's listing on the OTCQB marketplace under the symbol 'QIMCF' while maintaining its CSE listing under QIMC demonstrates a strategic move to increase visibility and trading convenience for US investors.