Québec Innovative Materials Corp. provided an update on the Roncevaux Silica Property. As disclosed in the Company's August 31, 2022 news release, Qi Materials acquired mineral claims from HPQ Silicon Inc. (HPQ), including the Roncevaux Silica Property.

The Qi Materials eam performed a recent site visit to the property in late October 2023. The Ronceveux Silica Property consists of a high purity quartz vein located in southern Quebec, approximately 50km from Amqui, Quebec. The property consists of 27 mineral claims totaling 1570 hectares.

Samples were collected by means of existing trenches found on the property. The quartz vein is estimated to potentially be over 300m long with the width being unknown but likely 10's of metres wide (as suggested by historical work and reports). Historical work conducted by HPQ Silicon Inc. indicates that the purity of the quartz vein is as high as 99.8% SiO2.

HPQ conducted testing on the quartz material from this property and concluded that it was able to be converted to silicon metal by means of their patented processes. The recent samples collected by the Qi Materials field team indicate that visually, this appears to be accurate. Tens of kilograms of samples have been collected for testing and analysis by the Company.