01:51 PM EST, 02/04/2025 (MT Newswires) -- Quebec Innovative Materials ( QIMCF ) on Tuesday said it formed a strategic collaboration with Avalio Pty, a geoscience and drilling technology firm, to advance natural hydrogen exploration and development.

The company said this collaboration will integrate Avalio's specialized expertise with QIMC's ongoing exploration initiatives.

Partnership will focus on the customization of drilling technologies designed for depths between 500 meters and 1.5 kilometers, joint appraisal and evaluation methodologies, and the implementation of strategic risk management frameworks.

Shares of the company were last seen up $0.005 at $0.10 on the Canadian Securities Exchange.

Price: 0.10, Change: +0.01, Percent Change: +5.26