Announcement • 15h
Québec Innovative Materials Corp. Announces Appointment of Jean-Benoît Trahan to Board of Directors, Effective June 11, 2026 Québec Innovative Materials Corp. announced the appointment of Jean-Benoît Trahan, President of Enbridge Gaz Québec, to its Board of Directors, effective June 11, 2026. The appointment comes at a pivotal stage in QIMC's evolution as the Company advances from natural clean hydrogen exploration toward project development, infrastructure planning and potential market integration opportunities across its portfolio in Québec, Ontario, Nova Scotia and the United States. Senior utility leadership: Mr. Trahan is President of Enbridge Gaz Québec, one of Quebec's natural gas distributors, where he has served for nearly twelve years. Deep regulatory expertise: Prior roles with the Régie de l'énergie and Gaz Métro, specializing in energy regulation, tariff design and utility economics - directly relevant as QIMC engages with permitting and regulatory frameworks for natural hydrogen. Hydrogen and decarbonization track record: Over the past seven years, Mr. Trahan has helped lead the decarbonization of Quebec's gas distribution network, including renewable natural gas deployment, a major residual hydrogen distribution project, and the development of a large-scale district energy network serving significant portions of the City of Gatineau. Commercialization perspective: Experience bringing innovative energy solutions into regulated markets, supporting QIMC's planning for potential infrastructure, market integration and development pathways. An economist and MBA graduate, Mr. Trahan brings board-level expertise in energy infrastructure, gas distribution networks, hydrogen integration, utility regulation and energy markets. Throughout his career he has also served as an energy consultant on projects across Quebec, Canada and Africa, contribution to the establishment of regulatory authorities and providing expertise in economic regulation, energy policy and utility pricing. With multiple exploration programs completed and drilling and evaluation activities ongoing, QIMC is increasingly focused on the technical, regulatory, infrastructure and commercialization considerations required to support potential natural clean hydrogen resource development. Mr. Trahan's appointment strengthens the Company's governance and strategic expertise in each of these areas while complementing the Board's existing technical and geological strengths. The appointment reflects QIMC's continued commitment to strengthening its governance and strategic leadership as the Company advances its natural hydrogen initiatives across North America. As the natural hydrogen sector continues to evolve, the Company believes that expertise spanning energy infrastructure, regulatory frameworks and hydrogen integration will be increasingly important to evaluating future development opportunities. New Risk • Jun 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Significant insider selling over the past 3 months (CA$83k sold). Market cap is less than US$100m (CA$89.7m market cap, or US$64.3m). 
