Squatex Diversifies Its Exploration Strategy with Natural Hydrogen Targets Français
BROSSARD, QC, June 26, 2025 /CNW/ - (CNSX: SQX) - The management of Resources and Energy Squatex Inc. (Squatex) is pleased to announce the launch of its natural hydrogen exploration strategy, also known as white hydrogen. Our research will begin in Quebec, and we intend to expand our expertise elsewhere in Canada and in certain African countries, with which we are already in partnership agreement discussions.
Squatex intends to strategically position itself in geological areas that offer the greatest potential for the production of this carbon-free energy source. Our team will focus on the search for deep mafic and ultramafic rocks, which are potential sources of hydrogen in areas where they are covered by thick sedimentary layers that allow the accumulation of hydrogen in exploitable porous reservoirs.
In Quebec, an initial series of mining claims has been obtained for three separate blocks covering a total area of 6,185 hectares in southeastern Quebec. The three properties comprise 18 claims covering approximately 1,031 hectares (2,547 acres), 72 claims covering approximately 4,092 hectares (10,111 acres), and 19 claims covering approximately 1,062 hectares (2,624 acres).
We would like to remind investors that in Quebec, these claims constitute mining rights under current provincial legislation and do not include natural hydrogen exploration and production rights. Nevertheless, this strategy will allow us to conduct geological and geophysical surveys in the field, while providing insight into the potential mineral resources. If conditions permit, a geological field mission is planned for the coming months. The data collected will be used to help us identify the best locations for more extensive research.
Squatex's Vision
Jean-Claude Caron, President and CEO of Squatex, comments: We have been monitoring the development of natural hydrogen for several years and believe the time has come for Squatex to diversify its activities." Geological hydrogen is a natural fit with our experience of over 20 years of work and our previous exploration successes. We are also targeting other raw materials such as rare earths, thorium, chromium, and titanium in two of the properties, as well as zinc and cobalt in the third. We want to position ourselves to be a leader in these areas of research.
About Squatex Resources & Energy Inc.
Squatex Resources & Energy Inc. (CNSX:SQX) is a Quebec-based exploration company specializing in carbon-neutral drilling for critical minerals and clean energy to reduce greenhouse gas emissions. Its head office is located at 7055 Taschereau Blvd., Suite 500, Brossard, Quebec, J4Z 1A7.
Forward-Looking Statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or Squatex's future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those expressed or implied by Squatex's statements. Actual events or results may differ. Except as required by applicable securities laws, Squatex undertakes no obligation to update or revise any forward-looking statements.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
40 minutes ago
- Cision Canada
NL2 Capital Inc. Announces Results of Annual and Special Meeting of Shareholders
Trading Symbol: TSX-V: NLII.P NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, NS, June 26, 2025 /CNW/ - NL2 Capital Inc. (TSXV: NLII.P) ("NL2" or the "Company"), a capital pool company, announced today that its shareholders voted in favour of all items of business brought before them at the Company's annual and special meeting of shareholders held today. At the meeting, the four nominees to the Company's Board of Directors ("the Board"), Chris Dobbin, Dana Hatfield, Michael O'Keefe and Wayne Myles, were elected for the ensuing year. Manning Elliott LLP was appointed as the Company's auditor to hold office until the next annual meeting of shareholders or until its successor is duly appointed, at a remuneration to be fixed by the Board. In addition, the 10% rolling incentive stock option plan of the Company (the "Plan") was re-approved. More information on the Plan is available in the Company's Management Information Circular dated May 28, 2025, filed on SEDAR+.
Cision Canada
2 hours ago
- Cision Canada
Legislation to build One Canadian Economy receives Royal Assent
OTTAWA, ON, /CNW/ - Today, Bill C-5, the One Canadian Economy Act, received Royal Assent. This legislation is key to building a stronger, more united Canada by supercharging productivity, economic growth, and competitiveness. Once implemented, the One Canadian Economy Act will: Expedite nation-building projects (the Building Canada Act): Streamlining federal review and approval processes to increase regulatory certainty, helping attract capital, strengthening our industries, and moving towards greater sovereignty and resilience while protecting the environmental and respecting Indigenous rights. Remove federal barriers to internal trade and labour mobility (the Free Trade and Labour Mobility in Canada Act): Accepting comparable provincial or territorial regulations, where they exist, as meeting federal requirements for the movement of goods, services, and labour within Canada. This will allow more goods, services, workers and business to move freely across provinces and territories. With the Building Canada Act coming into force today, the federal government will immediately move forward on consultations with provinces, territories, Indigenous Peoples and private sector proponents to identify nation building projects and implement measures to streamline processes for other projects. This includes working with provinces, territories and Indigenous partners to adopt a 'one project, one review' approach to reduce duplication. This work will be led by the Federal Major Projects Office, a new entity that will be launched in the coming weeks. The Office will include support from an Indigenous Advisory Council with First Nation, Inuit, and Métis representatives. Indigenous partnership is a vital part of this legislation, and meaningful consultation will be key to the success of future projects. The federal government is committed to respecting the rights of Indigenous Peoples recognized and affirmed by section 35 of the Constitution Act, 1982, and to the United Nations Declaration on the Rights of Indigenous Peoples. Over the coming weeks, the Prime Minister will meet with First Nations, Inuit, and Métis rights holders, with the first meeting happening on July 17 with First Nations. The Government of Canada is fulfilling its promise to build one Canadian economy out of 13 while upholding Indigenous rights and protecting the environment as well as the health and safety of Canadians. Quotes "With Bill C-5 today becoming law, we are removing trade barriers, expediting nation-building projects, and unleashing economic growth, in close cooperation with Indigenous Peoples. We will give ourselves more than any foreign nation can ever take away by building one Canadian economy – the strongest economy in the G7." —The Rt. Hon. Mark Carney, Prime Minister of Canada "The One Canadian Economy Act is a crucial step in our commitment to driving economic growth that benefits every Canadian. It will help attract investment in big nation-building projects that create good paying jobs, connect our country, and ultimately reduce our reliance on the United States. Together with provinces, territories and Indigenous communities, we are paving the way for a brighter future for all Canadians." —The Honourable Dominic LeBlanc, President of the King's Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy "Goods, services, and workers should be able to move more freely across our country. Free trade within Canada is about Canadians trusting each other. Thank you to our provinces and territories for their continued leadership, as we press ahead and work together for the benefit of all Canadians. The One Canadian Economy Act cuts red tape by removing duplication where there are comparable provincial regulations, making it easier for workers, businesses, and Canadians to work and do business across different jurisdictions. Trade within Canada is an essential driver of our economy, and removing barriers will help us build the strongest economy in the G7." —The Honourable Chrystia Freeland, Minister of Transport and Internal Trade "In this pivotal moment in Canada's story, it is clear that the conventional ways of doing business no longer serve us. We must act decisively to secure our future, build big things in this country once again, and cultivate the strongest economy in the G7. Our goal is clear: to make Canada an energy superpower." — The Honourable Tim Hodgson, Minister of Energy and Natural Resources "Together, we are building an economy that works for everyone. The One Canadian Economy Act marks a historic milestone in creating a stronger, more inclusive Canada—one where Indigenous partnership is not only valued, but is fundamental to every step of development." — The Honourable Mandy Gull-Masty, Minister of Indigenous Services Associated Links Internal Trade Clean Growth Office First Ministers' statement on building a strong Canadian economy and advancing major projects Prime Minister Carney meets with premiers and shares his plan to build one strong Canadian economy SOURCE President of the King's Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy For more information (media only), please contact: Gabriel Brunet, Senior Communications Advisor and Press Secretary, Office of the Honourable Dominic LeBlanc, President of the King's Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy, 819-665-6527, [email protected]; Laura Scaffidi, Director of Communications, Office of the Honourable Chrystia Freeland, Minister of Transport and Internal Trade, [email protected]; Media Relations, Privy Council Office, 613-957-5420, [email protected]
CTV News
3 hours ago
- CTV News
With moving day days away, Montreal calls on tenants without housing to seek help
As July 1 approaches, nearly 300 families have asked the City of Montreal for help finding housing. With moving day only five days away, the City of Montreal is urging tenants who have yet to find a suitable apartment to contact 311 for access to resources and assistance. According to city spokesperson Philippe Sabourin, around 270 families are currently being assisted by the city through the Office municipal d'habitation de Montréal's (OMHM). Sabourin added that the situation is comparable to last year, although the numbers are slightly higher, as the housing vacancy rate in Montreal remains low. 'There is a housing crisis. The city took steps to help residents by doubling the budget,' Sabourin said during a press conference on Thursday. According to data from the Société d'habitation du Québec (SHQ), approximately 1,990 people across the province are currently receiving assistance from about 40 housing organizations. The spokesperson emphasized that the budget has increased from $1.5 million to $3.5 million over the last six years. 'What we are asking is for people who haven't found an apartment to contact us by calling 311. There is support for people in search for an apartment. There is temporary housing. We offer storage. We can assist people until their situation stabilizes,' he explained. Sabourin said he was confident that there are enough resources and funding to help all Montrealers in need. 'No one will be without a roof come July 1,' the spokesperson said. A recent Statistics Canada report shows that rent has increased by nearly 71 per cent since 2019, primarily affecting families and lower-income residents. The average asking rent for a two-bedroom apartment was $1,930 in the first quarter of 2025, up from $1,130 six years ago. 'Searching for an apartment is very difficult. The market is very tight. So If you can stay in your apartment you should stay,' Sabourin said. However, Catherine Lussie, a coordinator with the Montreal-based housing advocate group FRAPRU (Front d'action populaire en réaménagement urbain), said the situation had worsened. She said that, as of Thursday, 283 households were being supported by the OMHM. 'It's definitely more then last year. Last year at the same time there were 268 household in the same situation. So, we see a little increase even though the vacancy rate has actually increased,' Lussie said in an interview. Moreover, she said the Statistics Canada data comes as no surprise, given the lack of measures implemented since the start of the housing crisis in 2018. 'Nothing has been done to prevent rent increases that we are seeing right now,' she said. The coordinator said she is worried about the situation as July 1 approaches, adding that some tenants will have to make difficult choices, such as temporarily staying with family, sleeping in their cars, or renting an apartment they cannot afford. 'You'll see after that. They need support from food banks because they are at the limit of what they can pay, Lussie continued. 'Also, what we see more is how long it takes after July 1 to find housing. So the numbers keep increasing after July 1 of tenants needing those services. For some it might takes weeks or even months to find a place that they can call a home.' With files from Matt Grillo and The Canadian Press
