- Québec Silica Resources Corp. (QTZ) has acquired its first three mineral claim properties in Québec, which are prospective for hydrogen and helium
- The properties consist of a total of 248 mineral claims totalling 142.5 sq. km. Naturally occurring hydrogen and helium form from chemical and nuclear reactions deep underground
- The company has agreed to acquire the properties from an arm’s length vendor in consideration for the issuance of 5,000,000 common shares, at an issue price of $0.07 per share, and a 1 per cent royalty
- Quebec Silica Resources (QTZ) is up 9.09 per cent, trading at C$0.06 as of 09:35 a.m. ET
Québec Silica Resources Corp. (QTZ) has acquired its first three mineral claim properties in Québec, which are prospective for hydrogen and helium.
The properties consist of a total of 248 mineral claims totalling 142.5 sq. km. Naturally occurring hydrogen and helium form from chemical and nuclear reactions deep underground.
Québec Silica has agreed to acquire the properties from an arm’s length vendor in consideration for the issuance of 5,000,000 common shares at an issue price of $0.07 per share and a 1 per cent royalty on gross revenues from the sale of pure hydrogen arising from the lands underlying the properties.
The company’s CEO, Raymond Wladichuk, stated, “It is exciting because, as far as we know, we are one the first companies to explore for naturally occurring hydrogen in Québec.”
The government of Québec has recently announced the Québec Green Hydrogen and Bioenergy Strategy, which has the purpose of creating a favourable environment to accelerate the production, distribution, and use of hydrogen.
Headquartered out of Lachute, Quebec, Quebec Silica Resources Corp. (QTZ) is focused on acquiring and exploring mineral resource properties, with a goal of exploring, developing, and providing silica resources for the green economy.
Quebec Silica Resources (QTZ) is up 9.09 per cent, trading at C$0.06 as of 09:35 a.m. ET.