QIMC Announces Results of Annual General Meeting with Overwhelming Shareholder Support Across All Resolutions

Rhea-AI Summary

Quebbec Innovative Materials Corp (OTCQB: QIMCF) reported that all resolutions at its Annual General and Special Meeting on March 30, 2026, passed with overwhelming shareholder support, each receiving over 99% approval.

Highlights: 27,863,183 shares represented (about 21.31% of issued shares); board size set to four directors; four directors elected with >99% votes; Baker Tilly WM LLP re-appointed auditor with 99.83% support; shareholder rights plan and share compensation plan approved with over 99% support. Detailed scrutineer results are available in the company report.

Positive

• All resolutions approved with over 99% shareholder support
• Shareholder rights plan approved with >99% support
• Board size set at four directors (99.78% in favour)
• Auditor reappointed (Baker Tilly WM LLP) with 99.83% approval

Negative

• Low meeting turnout: only 21.31% of issued shares represented

News Market Reaction – QIMCF

-1.28%

-1.28% Session close to close

In the Apr 1 session, QIMCF declined 1.28%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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All Motions Passed with Over 99% Approval, Including Shareholder Rights Plan

Montreal, Quebec--(Newsfile Corp. - March 31, 2026) - Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) ("QIMC" or the "Company") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the "Meeting"), held on March 30, 2026.

All matters presented to shareholders at the Meeting were approved with strong support, with each resolution receiving over 99% approval.

A total of 27,863,183 common shares were represented at the Meeting, representing approximately 21.31% of the Company's issued and outstanding shares.

Meeting Highlights

Number of Directors Set at Four (4)
Approved with 99.78% of votes cast in favour.

Election of Directors
All nominees were elected with strong shareholder support:

• Fabrice Consalvo — 99.92% in favour
• André Turmel — 99.69% in favour
• Marianne Richer-Laflèche — 99.59% in favour
• John Karagiannidis — 99.59% in favour

Appointment of Auditor
Baker Tilly WM LLP was re-appointed as auditor of the Company with 99.83% approval.

Shareholder Rights Plan and Share Compensation Plan
The Company's shareholder rights plan and share compensation plan, as previously announced, were approved by shareholders with over 99% support.

CEO Commentary

John Karagiannidis, President & Chief Executive Officer of QIMC, commented:

"The support demonstrated at this year's AGM—with over 99% approval across all resolutions—reflects our shareholders' confidence in QIMC's governance and strategic direction. We are grateful for their continued trust.

"As we advance our natural hydrogen portfolio across Québec, Ontario, Nova Scotia, and Minnesota, we remain focused on disciplined exploration, sound stewardship, and transparent communication with our investors. Our proprietary R2G2™ framework continues to guide our technical approach and the drilling of our district-scale projects and targets.

"We look forward to providing the market with regular updates on our progress."

Additional Information

Detailed voting results for each resolution are available in the Company's official scrutineer report prepared by Endeavor Trust Corporation.

About Québec Innovative Materials Corp. (QIMC)

Québec Innovative Materials Corp. is a North American exploration and development company advancing a portfolio of natural hydrogen and critical mineral projects. The Company is advancing its district-scale hydrogen exploration model across Québec, Ontario, Nova Scotia, and Minnesota (USA), leveraging its proprietary R2G2™ framework developed in collaboration with INRS. QIMC is committed to sustainable development, environmental stewardship, and innovation, with the objective of supporting clean energy and decarbonization initiatives.

For More Information, Please Contact:

QUÉBEC INNOVATIVE MATERIALS CORP.
John Karagiannidis
President & Chief Executive Officer
Email: info@qimaterials.com
Tel: +1 514-726-7058

Disclaimer

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. These statements are based on expectations, estimates, and projections as of the date of this press release and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied.

Forward-looking statements are generally identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "projects," "potential," and similar expressions, or by statements that events or conditions "will," "may," "could," or "should" occur.

Although the Company believes that the forward-looking information contained herein is reasonable as of the date of this press release, such information is subject to change and no assurance can be given that future results will be achieved. The Company undertakes no obligation to update forward-looking statements except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290742

FAQ

What were the voting results at QIMCF's March 30, 2026 AGM?

All resolutions passed with overwhelming support; each received over 99% approval. According to the company, 27,863,183 shares were represented, about 21.31% of issued and outstanding shares, and detailed scrutineer results are available.

Which directors were elected at QIMCF's March 30, 2026 shareholder meeting?

All four nominated directors were elected with strong support, each above 99%. According to the company, Fabrice Consalvo, Andr Turmel, Marianne Richer-Laflche and John Karagiannidis were elected with votes ranging from 99.59% to 99.92%.

What did QIMCF announce about its shareholder rights plan on March 31, 2026?

The shareholder rights plan was approved by shareholders with over 99% support. According to the company, the approval was part of the AGM resolutions and recorded in the company's scrutineer report.

How many QIMCF shares were represented at the March 30, 2026 meeting?

A total of 27,863,183 common shares were represented at the meeting, about 21.31% of issued shares. According to the company, this figure reflects the shares present or represented by proxy at the AGM.

Was QIMCF's auditor reappointed at the March 30, 2026 AGM?

Yes. Baker Tilly WM LLP was reappointed as auditor with 99.83% approval. According to the company, the appointment was part of the AGM ballot results and recorded in the scrutineer report.