logo
DiagnaMed Launches Ontario Hydrogen Exploration Campaign in Conjunction with QIMC and INRS; Strengthens Board

DiagnaMed Launches Ontario Hydrogen Exploration Campaign in Conjunction with QIMC and INRS; Strengthens Board

Associated Press5 hours ago
Toronto, Ontario--(Newsfile Corp. - July 3, 2025) - DiagnaMed Holdings Corp. (CSE: DMED) ('DiagnaMed' or the 'Company'), is pleased to announce it has signed an agreement with the Institut national de la recherche scientifique (INRS) to initiate a comprehensive hydrogen exploration campaign on its Ontario properties, in conjunction with Quebec Innovative Materials Corp. (CSE: QIMC) ('QIMC'). The exploration will be led by Dr. Marc Richer-Laflèche and will include collaboration with members of the Temiscamingue First Nations. Leveraging the innovative geological exploration model successfully developed and deployed by INRS and QIMC at St-Bruno-de-Guigues, Quebec, the Ontario program will include an extensive campaign of over 2,000 soil gas samples aimed at identifying high-potential natural hydrogen zones.
The INRS-QIMC exploration model has yielded exceptional results in Quebec, characterized by notably high hydrogen (H₂) measurements indicative of significant geological processes:
DiagnaMed anticipates replicating this success in Ontario, significantly enhancing the understanding and valuation of its exploration assets.
John Karagiannidis, President of DiagnaMed, stated, 'We are excited to launch this exploration initiative alongside QIMC and INRS. The expertise of Dr. Richer-Laflèche and our collaboration with the Temiscamingue First Nations underscore our commitment to responsible, community-engaged exploration. This campaign represents a major step forward in unlocking Ontario's natural hydrogen potential and creating sustainable value for our shareholders.'
DiagnaMed is also pleased to announce important governance enhancements. The Company warmly welcomes Mr. André Turmel to its Board of Directors. Mr. Turmel brings extensive expertise in corporate governance, legal frameworks, and resource development, providing valuable strategic guidance as DiagnaMed expands its exploration initiatives. Concurrently, Mr. Carlo Sansalone has resigned from the Board. DiagnaMed expresses its sincere gratitude to Mr. Sansalone for his dedicated service and meaningful contributions to the Company's growth.
About DiagnaMed Holdings Corp.
DiagnaMed Holdings Corp. (CSE: DMED) (OTCQB: DGNMF) is a Canadian technology innovator specializing in advanced hydrogen extraction technologies designed to support the rapidly growing natural hydrogen industry. Focused on commercial scalability, DiagnaMed aims to deliver cost-effective, sustainable, and efficient hydrogen solutions critical for global energy security and decarbonization. Visit DiagnaMed.com.
For more information, please contact:
John Karagiannidis, President and CEO
DiagnaMed Holdings Corp.
Tel: 514-726-7058
Email: [email protected]
Website: www.diagnamed.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as 'will', 'may', 'expect', 'could', 'can', 'estimate', 'anticipate', 'intend', 'believe', 'projected', 'aims', and 'continue' or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption 'Risk Factors' in Company's management's discussion and analysis for the Three and Six Months Ended March 31, 2025 ('MD&A'), dated May 28, 2025, which is available on the Company's profile at www.sedarplus.ca. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257642
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Costco is now opening earlier for certain members
Costco is now opening earlier for certain members

Yahoo

time19 minutes ago

  • Yahoo

Costco is now opening earlier for certain members

Costco has rolled out earlier shopping hours. But members will have to pay a bit more to access it. Cardholders of Costco's priciest 'Executive Member' plan, which costs $130 per year, can now exclusively enter warehouses beginning at 9 am through 10 am Sunday through Friday. On Saturdays, the time slot is from 9 am to 9:30 am. All other members can enter at 10 am Sunday through Friday and at 9:30 am on Saturdays. Costco announced the changes last month and they went into effect on Monday, June 30. The changes come about a year after the warehouse chain hiked prices of its annual memberships for the first time in seven years. Last September, membership fees increased by $5 to $65 a year in the US and Canada for three of its plans: 'Gold Star,' 'Business' and 'Business Add-On.' The price of Costco's premium 'Executive Member' tier also went up by $10. However, they can now earn $1,250 in rewards annually versus $1,000 in the past, including a new $10 monthly credit for same-day delivery on its website or through Instacart. The number of Executive members jumped 9% year-over-year to 37.6 million, according to the company's most recent earnings report. Those memberships represent 73% of Costco's sales. Annual fees have been one of the biggest profit-generating areas for Costco, helping it offset expenses to keep its prices down. Last year, Costco earned $4.8 billion in revenue from membership fees, a 5% increase from 2023. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

$8.2B US merger of Viterra and Bunge now complete
$8.2B US merger of Viterra and Bunge now complete

Yahoo

time21 minutes ago

  • Yahoo

$8.2B US merger of Viterra and Bunge now complete

The $8.2-billion US merger of Bunge and Viterra is now complete, forming one of the world's largest agribusiness companies. The deal was confirmed in a news release issued by the Missouri-based Bunge on Wednesday. It comes nearly six months after the Canadian government approved the merger with Viterra, formerly known as the Saskatchewan Wheat Pool. The deal was heavily criticized by agricultural producers, who fear it will reduce competition in the grain and canola markets. That fear was detailed in a report issued in April 2024 by the Competition Bureau, which found the deal was likely to hurt competition in those markets. It also found that Bunge, the world's largest oilseed processing company, could influence the behaviour of G3 Global Holdings, a major competitor to Viterra. Transport Canada says strict and legally binding controls are needed on U.S.-based Bunge's minority ownership stake in G3 to ensure it can't influence that company's pricing or investment decisions. Among the restrictions placed on the merger by Ottawa are a commitment to maintain Viterra's head office in Regina for at least five years and an investment of at least $520 million in Canada within the next five years. According to a media release, Bunge's CEO Greg Heckman stated that the merger creates a more robust organization with enhanced capabilities and expertise. As part of the new structure, former Viterra CEO David Mattiske now serves as co-chief operating officer on Bunge's executive leadership team. He joins Julio Garros, who previously held the role of Bunge's co-president of agribusiness. Viterra operates more than 80 grain-handling facilities across Canada.

Alberta reaches settlement with 2 coal companies over policy change
Alberta reaches settlement with 2 coal companies over policy change

Yahoo

time22 minutes ago

  • Yahoo

Alberta reaches settlement with 2 coal companies over policy change

Two coal companies that sued Alberta over its decision to change the rules around coal mining have reached a settlement with the provincial government. In a notice published online, Evolve Power Ltd. said it had reached an agreement-in-principle with the government to resolve its claim over the Chinook Project. Two days earlier, Atrum Coal Ltd. said it had signed a definitive agreement to settle its lawsuit concerning the Elan Coal Project. Both companies alleged the government's decision to open up mountains to more mining in 2020 but later reversing course on those plans amounted to a constructive taking, or "de facto expropriation," of their coal assets. The news of the settlements was first reported by The Globe and Mail. The dollar figures of the agreements were not disclosed, with both companies saying terms were confidential and subject to settlement privilege. Both said they would seek to update shareholders later this year. Including Evolve and Atrum, five companies sought more than $15 billion in damages in a joint case tied to the policy change. The other companies were Cabin Ridge Holdings Ltd. and Cabin Ridge Project Ltd.; along with its subsidiary, Elan Coal Ltd. and Black Eagle Mining Corp., all of which did not immediately respond to requests for comment from CBC News. Northback Holdings also launched a damages claim in June 2024 to be heard separately. A representative with Northback didn't immediately respond to an inquiry from CBC News. A spokesperson with Alberta's Ministry of Treasury Board and Finance didn't immediately respond to a request for comment. Peter Doyle, CEO of Evolve, declined to comment. More to come

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store