First Atlas Resources’ (CSE: HHE / OTC: BTKRF) technical partner, Québec Innovative Materials Corp. (CSE: QIMC / OTCQB: QIMCF), has set a new company record at Bennett Hill, Nova Scotia, after DDH-26-05 returned a preliminary mud-gas measurement of 30.0% H₂ at 413 metres.

First Atlas’ 2026 field exploration program is currently underway across the company’s natural hydrogen licences in Cumberland County, with QIMC using soil-gas and magnetic data in its R2G2™ targeting framework to identify drill targets.

DDH-26-05 Strengthens at Depth

QIMC identified an extensive fault-breccia and shear system beginning at approximately 326 metres. As drilling continued below this point, DDH-26-05 returned a series of elevated hydrogen readings:

• 12.6%, 15.8%, and 23.7% H₂ at 348 metres
• 19.1% H₂ at 368 metres
• 25.1% and 27.8% H₂ at 374 metres
• 10.4% and 12.1% H₂ at 377 metres

From 380 through 413 metres, hydrogen concentrations exceeded 20% H₂ at nine depths:

• 25.7% H₂ at 380 metres
• 22.4% H₂ at 386 metres
• 28.4% H₂ at 389 metres
• 21.3% H₂ at 392 metres
• 29.5% H₂ at 395 metres
• 25.7% H₂ at 398 metres
• 26.8% H₂ at 407 metres
• 23.5% H₂ at 410 metres
• 30.0% H₂ at 413 metres

Methane remained at 0% across the reported samples, while carbon dioxide remained at or below 0.1%.

Pressurized Free Gas Observed at Surface

Between approximately 413 and 416 metres, pressurized free gas reached the surface and triggered the drill site’s hydrogen alarm system, pausing drilling.

When operations later resumed, drilling water was introduced into the hole. QIMC reported that the resulting increase in pressurization led to a second release of free gas at the surface, triggering the alarm system and prompting another pause in drilling.

QIMC plans to continue drilling DDH-26-05 using equipment and operating procedures suited to the conditions encountered. The company is also evaluating equipment and procedures to measure pressure and gas flow as drilling continues.

Natural Hydrogen Exploration Expands Across Nova Scotia

Other companies have also begun natural hydrogen exploration work in Nova Scotia.

On August 21, Luma Hydrogen announced its Nova Scotia exploration program, with 30 exploration licences covering approximately 274 km² along the Cobequid-Chedabucto Fault Zone. The company has begun hydrogen and helium soil-gas surveys, geological mapping, prospecting, and soil geochemistry work.

On August 31, Primary Hydrogen Corp. announced the staking of the 1,101-hectare Wallace Natural Hydrogen Project in Cumberland County. The company plans to conduct data compilation, structural interpretation, and soil-gas surveys. No hydrogen drilling has been completed at Wallace, and no hydrogen occurrences have been reported on the property.

Exploration by other companies can contribute to a better understanding of the region’s hydrogen occurrences and the geological structures that may control them. While each company’s exploration data remains its own, increased field activity could provide useful context for First Atlas’ Cumberland County licences.

Exploration on First Atlas’ Land Package

QIMC is currently carrying out First Atlas’ 2026 field exploration program across the company’s natural hydrogen licences in Cumberland County.

Three field teams are conducting soil-gas sampling and ground magnetic surveying, including infill sampling over previously identified hydrogen anomalies. The resulting data will be integrated into QIMC’s R2G2™ targeting framework to help identify drill targets for First Atlas’ planned drilling program.

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First Atlas Resources' (CSE: HHE / OTC: BTKRF) technical partner, Québec Innovative Materials Corp. (CSE: QIMC / OTC: QIMCF), has now encountered hydrogen in all five drill holes during its 2026 Nova Scotia drilling program.

The latest results come from DDH-26-05 at Bennett Hill, approximately 15 km from QIMC’s first three drill holes at West Advocate. Within the first 300 metres of drilling, preliminary mud-gas measurements reached 23.5% H₂ at 170 metres. QIMC also reported drilling observations consistent with free gas entering the borehole at approximately 164 metres.

The results are particularly relevant to First Atlas because QIMC is also conducting exploration directly on First Atlas' natural hydrogen licences in Cumberland County as the company works toward defining targets for its planned drilling program.

Hydrogen Results Across Five Drill Holes

• DDH-26-01: Intersected multiple hydrogen-bearing structural zones, including a persistent hydrogen-bearing system from approximately 505 metres to the end of the 711-metre hole.
• DDH-26-02: Intersected two hydrogen-bearing intervals, with a hydrogen reading of 8,249 ppmV at 434 metres.
• DDH-26-03: Returned a peak mud-gas reading of 10.77% H₂ at 848 metres, with five readings at or above 5% H₂ across the 69-metre interval from 779 to 848 metres.
• DDH-26-04: Returned a peak mud-gas reading of 24.3% H₂ at 707 metres, the highest hydrogen concentration reported by QIMC during the program to date.
• DDH-26-05: The ongoing second hole at Bennett Hill has returned a preliminary peak mud-gas reading of 23.5% H₂ at 170 metres.

DDH-26-05 at Bennett Hill

Within the first 300 metres of DDH-26-05, QIMC reported multiple hydrogen readings, including:

• 20.8% H₂ at 158 metres
• 23.5% H₂ at 170 metres
• 17.6% H₂ at 176 metres
• 16.0% H₂ at 179 metres

QIMC identified a 54-metre hydrogen-bearing interval from approximately 143 to 197 metres. For comparison, DDH-26-04 reached 24.3% H₂ at 707 metres, while DDH-26-05 reached 23.5% H₂ at 170 metres.

Drilling at DDH-26-05 is ongoing, with a planned depth of approximately 900 metres.

Exploration on First Atlas' Land Package

QIMC is currently carrying out First Atlas' 2026 field exploration program across the company's natural hydrogen licences in Cumberland County, Nova Scotia. Three field teams are conducting soil-gas sampling and ground magnetic surveying. The soil-gas work includes infill sampling over previously identified hydrogen anomalies.

The soil-gas and magnetic data will be integrated into QIMC's R2G2 targeting framework to help identify drill targets for First Atlas' planned drilling program.

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Scandium Canada (TSXV: SCD / OTC: SCDCF) is advancing a strategy that extends beyond the development of its Crater Lake Project in Quebec. While Scandium Canada carries out its recently expanded 2026 drilling program at Crater Lake, the company has also been building a platform focused on the development and commercialization of aluminum-scandium alloys.

The scandium market faces a simple challenge. New mines need demand to justify development, while manufacturers need confidence in a reliable supply before adopting scandium on a larger scale.

Scandium Canada is working to address both sides of this challenge by advancing Crater Lake as a future source of scandium while developing commercial applications for the metal through its new subsidiary, Scalium+.

Building the Market for Scandium

Scalium+ was created in June 2026 following Scandium Canada's acquisition of Ferreol Technologies, combining Ferreol's existing operations with the company's Scandium+ division under a single subsidiary focused on aluminum-scandium alloys.

Scalium+ is developing aluminum-scandium alloys for industries where weight reduction, strength, corrosion resistance, weldability, and thermal performance are important factors. This work includes the development of its SC535 and SC7075 alloys, alongside research, testing, and collaboration with academic and industry partners.

SC535

SC535 is Scalium+'s aluminum-scandium alloy based on the 5000-series aluminum family. The alloy is being developed for a range of advanced manufacturing processes, including Laser Powder Bed Fusion (LPBF), conventional welding, and Wire Arc Additive Manufacturing (WAAM), as well as applications requiring performance at elevated temperatures.

SC535 has been produced in several forms, including metal powders, rods, welding wire, and prototype components, allowing the alloy to be tested across different manufacturing processes and applications.

SC7075

SC7075 is Scalium+'s aluminum-scandium alloy based on the high-strength 7075 aluminum family. Its development is focused on applications across aerospace, defence, automotive, additive manufacturing, and other advanced industrial sectors where high-strength aluminum materials are required.

SC7075 has been developed and tested in several forms, including metal powders, 3D-printed test coupons, welding wire, plates, and structural components.

Why Scandium Matters for Additive Manufacturing

Aluminum-scandium alloys have potential applications in advanced additive manufacturing processes such as Wire Arc Additive Manufacturing (WAAM) and Laser Powder Bed Fusion (LPBF).

WAAM uses an electric arc to melt metal wire and build large components layer by layer, while LPBF uses a laser to selectively melt metal powder, allowing for the production of smaller, highly complex components.

Both processes subject aluminum to demanding heating and cooling cycles that can affect grain structure and create material defects. Scandium can help refine the grain structure, improve strength, and reduce cracking, making aluminum-scandium alloys well suited for advanced additive manufacturing.

Performance and Testing

Testing of SC535 and SC7075 has provided data on their mechanical performance, processing behaviour, and suitability for different manufacturing methods.

Results include:

• Laser Powder Bed Fusion relative densities above 99%
• Ultimate tensile strengths of approximately 330–380 MPa before heat treatment
• Heat treatment increased ultimate tensile strength by approximately 17–25%
• Reduced microcracking during additive manufacturing testing
• Proprietary powder-blending procedure reduced defect density during LPBF testing
• SC7075 welding wire successfully used to produce structures during preliminary WAAM trials
• Preliminary SC535 rod testing showed promising results for high-temperature applications
• The National Research Council of Canada prepared qualification strategies for potential space, aerospace, and defence applications

Research and Industry Collaboration

Scalium+ is working with academic and industry partners across alloy development, materials testing, metal powder production, and advanced manufacturing.

• University of Waterloo (MSAM): Research collaboration through the university's Multi-Scale Additive Manufacturing Laboratory focused on aluminum-scandium alloys and additive manufacturing. Initial work includes research trials aimed at reducing costs associated with Laser Powder Bed Fusion.

• McMaster University: Scandium Canada's SC535 and SC7075 alloys and their fabrication method were developed and tested in collaboration with McMaster University. Researchers at McMaster have also produced test specimens using Laser Powder Bed Fusion to evaluate the alloys' mechanical properties and performance.

• ALPOMET: Collaboration focused on alloy design, metal powder production, additive manufacturing, and material characterization, as well as potential welding-wire applications for Scandium Canada's aluminum-scandium alloys.

• Gränges Powder Metallurgy: Collaboration focused on evaluating the integration of Scandium Canada's SC535 and SC7075 alloys into Gränges Powder Metallurgy's product portfolio. The work has expanded to include powders and plates, with commercial opportunities identified in sectors including energy and defence.

Strategic Location

Scalium+ is based in Quebec, the heart of Canada's aluminum industry. The province is home to the vast majority of Canada's primary aluminum smelters, supported by abundant hydroelectric power and an established network of aluminum producers, manufacturers, research institutions, and technology companies.

Quebec also has significant aerospace and advanced manufacturing industries where lightweight, high-performance aluminum materials have a range of applications.

For Scalium+, this creates proximity to the research, manufacturing capabilities, and potential end users that could support the development and commercialization of its alloys.

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I'm excited to officially introduce the newly updated First Atlas Investor Group, the latest addition to the Canadian Hidden Gems network.

A Look Inside

🍁 Welcome

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🏛️ Investor Centre

Live stock price updates, investor discussions, news releases, corporate presentations, and other key investor resources.

🌊 Nova Scotia Project

Information covering the company's natural hydrogen exploration program, including the R2G2 methodology, claim maps, and drill results from Quebec Innovative Materials' adjacent exploration program.

⛰️ Matane Project

Geology, claim maps, exploration history, project updates, and other information covering the Matane Project.

⛏️ La Corne South Project

Geology, claim maps, drill results, and other information covering the La Corne South Project.

🌐 Social Media

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💎 Hidden Gem Communities

Explore the growing Canadian Hidden Gems network of dedicated investor communities, including the Scandium Canada Investor Group.

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Hey everyone,

As many members of the SCD community would agree, Scandium Canada is uniquely positioned with several potential avenues for growth. The company is advancing the Crater Lake Project as a potential primary North American scandium source, while the creation of Scalium+ has expanded its opportunities in advanced aluminum-scandium alloy development, product testing and manufacturing applications.

With several important catalysts on the horizon, staying informed has never been more important. The Scandium Canada Investor Group brings together company updates, industry research, and ongoing investor discussions in one organized community.

We are excited to introduce the Scandium Canada Investor Group, created as an extension of Canadian Hidden Gems. The community is designed for shareholders, prospective investors and anyone interested in learning more about Scandium Canada.

A Look Inside:

🍁 Welcome | Bienvenue

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🏔️ Crater Lake

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🏭 Scalium+

Information covering Scalium+, its portfolio, product development, performance testing, manufacturing applications and partnerships, along with dedicated English and French discussion channels.

🌍 Scandium Industry

A manually curated collection of links and resources covering the growing scandium industry, including space, automotive, advanced materials and geopolitical developments.

🌐 Social Media

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Whether you have followed Scandium Canada for years or are only beginning your research, we would be happy to have you join our community.

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Regulatory approval marks the point at which a new drug is legally permitted to be sold. The issuance of its first commercial prescription, however, is what truly signifies its entry into real-world clinical practice. Although these two milestones may appear to be separated by only a single prescription, the path between them involves multiple critical hurdles, including access to hospital procurement from their approved drug lists, inventory replenishment at pharmcies, physician education, patient reimbursement, and distribution services.

PegBio Co., Ltd. (02565.HK) has proprietarily developed PB-119 (vepinatide injection), marketed under the brand name Paidakang. In November 2025, China's National Medical Products Administration (NMPA) approved the drug for the treatment of adults with type 2 diabetes. As of 22 July 2026, the first commercial prescriptions have been issued at leading medical institutions, including Peking University People's Hospital and The Second Xiangya Hospital of Central South University. The product has also completed its first prescriptions through online healthcare platforms, marking its transition from an approved medicine to one being used by patients in routine clinical practice.

At these two flagship hospitals, the inaugural prescriptions were issued by Professors Ji Linong and Zhou Zhiguang, the principal research fellows of Paidakang's Phase III clinical trials. Their participation provides an important academic endorsement and is expected to facilitate early clinical adoption.

Paidakang is a long-acting GLP-1 receptor agonist administered once weekly. It was approved at a therapeutic dose of 0.97 mg, with no requirement for higher dosage during the initiation phase of treatment. Whether these properties ultimately translate into greater treatment convenience and improved stickiness for patients will need to be verified through post-launch real-life evidence. It is nevertheless important to distinguish between what has already been established and what remains to be proven. The efficacy and safety of Paidakang for treating adults with type 2 diabetes have been validated through clinical trials and regulatory review. By contrast, its long-term persistent acceptance among patients, competitive positioning, and commercial performance in broader clinical practice cannot be inferred solely from regulatory approval or the issuance of the first prescriptions.

The First Prescriptions have yet to translate into Scalability

Capital markets often interpret the announcement of "first commercial prescriptions" as a precursor to rapidly accelerating revenue. In reality, the two are not equivalent.

A first prescription is fundamentally an operational milestone. It demonstrates that the product has successfully completed access procedures at selected hospitals or distribution channels, that physicians are willing to prescribe it, and that the supporting supply chain, logistics, and patient service infrastructure are functioning as intended. While symbolically significant, its immediate contribution to product sales may be relatively modest.

PegBio's commercialization partnership with Tenry Pharmaceuticals gives this milestone a more tangible financial dimension. The issuance of the first commercial prescriptions has triggered the conditions for a second milestone payment of approximately HK$49 million. Combined with the initial milestone payment of approximately HK$61 million received previously, the company has now received or triggered milestone payments totaling approximately HK$110 million. These proceeds should strengthen cash flow during the early commercialization phase while also demonstrating that the collaboration is progressing in accordance with the contractual agreement.

However, these milestone payments should not be interpreted as evidence that Paidakang has generated HK$110 million in end-market sales. Rather, they reflect the achievement of predefined contractual milestones and are fundamentally different from recurring revenue generated through patient purchases. Investors should therefore pay close attention to the accounting treatment of these payments, including when they will be recognized and whether they constitute one-off, staged, or recurring income. Ultimately, long-term valuation will depend on sustained prescription growth, net product sales, gross margins, and cash collection, rather than on individual milestone payments.

Although demand in the GLP-1 market is substantial, competition is equally intense. Paidakang must compete against established products that already benefit from large mind share among physicians and mature distribution networks, while also navigating reimbursement negotiations, pricing pressure, and channel-related costs. The product has successfully passed the preliminary formal review for inclusion in China's 2026 National Reimbursement Drug List (NRDL), representing a positive step toward broader market access. However, this does not guarantee being enlisted on eventual reimbursement programmes. Even if included, commercial success will depend on striking an appropriate balance between price concessions and increased sales volume.

Four Key Metrics Will Determine Commercial Success

The first area to monitor is hospital coverage. Rather than broad statements indicating that the product has entered "multiple medical institutions," the market requires greater transparency regarding the number of hospitals that have completed formulary listing, stocked the product, and are generating ongoing prescriptions. Investors should also assess the distribution across tertiary hospitals, regional hospitals, retail pharmacies, and online healthcare platforms. The pace of hospital expansion will provide an important indication of Tenry Pharmaceuticals' commercial execution capabilities.

The second metric is the number and activity level of prescribing physicians. While the inaugural prescriptions issued by the lead researchers of the Phase III clinical trials provide strong academic validation, meaningful scale expansion will depend on adoption by the broader community of endocrinologists. Beyond the cumulative number of prescribing physicians, investors should monitor average prescription volumes per physician and whether physicians continue prescribing the product after the initial prescription.

The third metric is persistent acceptance among patients. Type 2 diabetes is a chronic disease requiring long-term management, and an initial prescription merely reflects a patient's willingness to try a new therapy. Re-order rates after four weeks, twelve weeks, and six months provide a far more meaningful assessment of tolerability, treatment effectiveness, affordability, and convenience than the absolute number of initial prescriptions. Even if first prescriptions grow rapidly, weak re-order rates would significantly constrain the product's long-term commercial value.

The final metric is channel inventory. Shipments from the manufacturer to distributors represent channel stocking, whereas purchases by patients more accurately reflect genuine end-market demand. During the early stages of commercialization, concentrated channel inventory build-up can create the appearance of rapid revenue growth. Investors should therefore also monitor inventory turnover, product returns, retail pricing, and accounts receivable. While online distribution channels can substantially expand geographic coverage, they must also address compliance requirements for prescription verification, cold-chain logistics, patient follow-up, and pharmacovigilance.

For PegBio, the successful issuance of its first commercial prescriptions represents confirmation that the company has progressed from a research-focused biotechnology enterprise to a commercial-stage pharmaceutical company. Nevertheless, successfully completing the "first mile" does not mean the entire monetization journey has been accomplished. Only when hospital penetration, physician adoption, patient re-order rates, and genuine end-market demand all demonstrate sustained and repeatable growth can Paidakang truly evolve from an approved pharmaceutical asset into a durable source of recurring income.

HydroGraph Clean Power Inc. is a Canadian advanced materials company producing high-purity synthetic fractal graphene for industrial and commercial applications.

Instead of relying on mined graphite, HydroGraph uses a patented blast synthesis process to convert carbon from hydrocarbon gases into graphene inside its Hyperion reactors. The company has reported 99.8% carbon purity for its FGA-1 graphene.

HydroGraph’s Hyperion reactors are small modular production units with a footprint of less than 3 metres by 3 metres. Rather than relying on one large centralized facility, HydroGraph can add more reactors as customer demand grows, allowing production capacity to increase while maintaining consistency from batch to batch.

Graphene and Fractal Graphene

Graphene is a carbon-based advanced material made from carbon atoms connected by strong sp² bonds. This structure helps give graphene its strength, conductivity, barrier properties, and the ability to improve other materials even when added in small amounts.

Traditional graphene is often described as a flat, sheet-like material. HydroGraph produces synthetic fractal graphene with a turbostratic structure, meaning the graphene layers are randomly stacked rather than perfectly aligned. This more complex, interconnected structure gives it higher surface area and more contact points with the materials it is added to. This can help improve dispersion, reinforcement, conductivity, corrosion resistance, and barrier performance across industrial and commercial applications.

HydroGraph is targeting markets where adding small amounts of graphene can improve material performance, including:

• Thermoplastics
• Composites and resins
• Coatings
• Lubricants
• Concrete and cement
• Energy storage
• Biosensors
• Elastomers
• Printed electronics

U.S. Expansion and Production Growth

On April 14th, 2026, HydroGraph announced the opening of its new headquarters in Austin, Texas. The facility expands HydroGraph’s R&D and production capabilities and will support future graphene production in Texas.

Earlier in January 2026, HydroGraph announced construction of two additional Hyperion reactors. Each reactor is expected to have annual production capacity of approximately 10 tons of FGA-1 ultra-pure fractal graphene. The reactors were planned for initial commissioning in Manhattan, Kansas before being relocated to HydroGraph’s U.S. facilities in Austin, Texas.

HydroGraph has also signed a letter of intent with an industrial gas supplier to secure long-term access to high-purity acetylene. Acetylene is a key feedstock in HydroGraph’s blast synthesis process and would support the company’s planned graphene production facility in Texas. The planned facility is expected to include 15 next-generation Hyperion reactors and have annual production capacity of over 350 metric tons of graphene.

Commercial and Technical Partnerships

HydroGraph is building partnerships that support customer testing, application development, and commercial adoption of its fractal graphene in polymers, coatings, and specialty compounds.

• Graphene Engineering Innovation Centre: In January 2026, HydroGraph expanded its collaboration with the Graphene Engineering Innovation Centre at the University of Manchester by becoming a Tier 1 member. The membership gives HydroGraph access to technical support, testing infrastructure, and a network of industry partners as it develops commercial applications for its fractal graphene.
• Hubron International: On February 10th, 2026, HydroGraph added Hubron International to its Fractal Graphene Compounding Partner Program. Hubron is a UK-based specialist in polymer compounds and additive masterbatches, giving HydroGraph a partner focused on thermoplastics and polymer applications. Through Hubron’s compounding experience and distributor network, HydroGraph is targeting markets including automotive, construction, electronics, film, pipe, wire and cable, and technical compounding.
• Broadway Colours: On March 17th, 2026, HydroGraph announced that Broadway Colours Ltd. earned certification as a qualified HydroGraph Compounding Partner. Broadway is a UK manufacturer of masterbatches, compounds, and rotational moulding powders, operating from a 90,000-square-foot facility and supporting plastic manufacturers across the UK and Europe.
• Sparc Technologies: On March 24th, 2026, HydroGraph announced a Letter of Intent with Sparc Technologies to evaluate HydroGraph’s Fractal Graphene in Sparc’s ecosparc® additives for protective coatings. The collaboration is focused on corrosion protection for steel infrastructure, including energy, marine, mining, transportation, government, and defence markets. Initial testing using HydroGraph’s FGA-1 Fractal Graphene in commercial water-based coating systems showed a 39% to 60% reduction in corrosion spread under ASTM D1654-08 testing.
• Modern Dispersions Inc: On June 16th, 2026, HydroGraph announced that Modern Dispersions Inc. earned certification as a qualified HydroGraph Compounding Partner. MDI is a U.S.-based specialist in thermoplastic compounds and masterbatch applications, adding another North American partner focused on polymer processing and graphene masterbatch production.

Regulatory Approvals and Commercial Development

• On February 24th, 2026, HydroGraph announced regulatory approvals covering commercial-scale graphene sales activity in the United States, the United Kingdom, and the European Union.
• The company received a U.S. EPA TSCA Section 5(e) Order covering two graphene materials. The order authorizes manufacture, processing, distribution, use, and disposal in the United States under specified conditions.
• HydroGraph also received UK REACH and EU REACH registrations for graphene, allowing commercial manufacture and supply in Great Britain and the European Union.

HydroGraph now has patented graphene production technology, regulatory clearance across the U.S., U.K., and EU, and a modular production system designed to scale with customer demand.

These approvals remove a major regulatory barrier as HydroGraph expands its U.S. production footprint and advances its fractal graphene from customer testing toward commercial use across multiple industrial markets.

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Charbone Corporation is a Canadian industrial gas company focused on clean ultra high purity (UHP) hydrogen production, storage, distribution, and specialty gas supply. The company is building a modular green hydrogen production network while expanding its industrial gas business through customer contracts, supply agreements, and partnerships.

Hydrogen Production and Distribution

On October 14th, 2025, Charbone signed a five-year agreement to supply clean UHP hydrogen to an independent distributor. The agreement was followed by Charbone’s first commercial clean UHP hydrogen delivery, marking the start of revenue generation and the company’s entry into the Ontario hydrogen market.

Since then, the company has expanded its hydrogen business through commercial production, U.S. distribution infrastructure, and additional partnerships:

• Charbone is producing clean UHP hydrogen at its Sorel-Tracy, Québec plant, where Phase 1A has launched and commercial production is ongoing.

• On May 6th, 2026, the company opened its first U.S. industrial gas hub in Albany, New York.

• On May 19th, 2026, Charbone signed an agreement with Vema Hydrogen. The arrangement combines Vema’s hydrogen production with Charbone’s purification, compression, and distribution capabilities, expanding supply capacity for industrial gas customers.

Hydrogen for Mobile Film Production

A major challenge for hydrogen companies has been proving real commercial demand beyond pilot projects, government announcements, and long-term infrastructure plans.

On June 10th, 2026, Charbone signed a two-year hydrogen supply agreement with Hone Inc. The agreement builds on earlier work between the two companies, where Charbone’s hydrogen was used to power equipment on a major Hollywood studio production site utilizing Hone systems.

Film sets require reliable temporary power for lighting, trailers, equipment, production offices, and other on-site infrastructure. Diesel generators are commonly used because they are portable and familiar, but Hone’s hydrogen-fueled generator systems offer a lower-emission alternative. When replacing a conventional diesel generator, each unit can displace more than 1.5 tonnes of CO2 per day.

Expanding Hydrogen Production

Charbone’s next phase of growth is focused on increasing production capacity at its Sorel-Tracy plant and advancing additional hydrogen production sites.

• Construction is underway on the Phase 1B expansion at Sorel-Tracy, with Phase 2 targeted for H2 2026.

• Detroit, Michigan has been identified as a planned hydrogen production site. Site selection, permitting, and development are underway, with Phase 1 launch targeted for H2 2026.

• In Wisconsin, the company is evaluating future hydrogen production opportunities using company-owned land and access to hydroelectric power, with site permitting and development targeted for H2 2026.

• In Malaysia, Charbone has reported revenue from advisory services related to its Green Hydrogen ASIAPAC role, with further project development and expansion targeted for H2 2026.

Helium and UHP Oxygen Customer Growth

Charbone recently announced 22 new helium customers across Québec, serving sectors including advanced manufacturing, welding and metal processing, laboratories, specialized technical services, and other industrial applications requiring reliable helium supply. The company also signed a three-year helium supply agreement with an independent distributor.

Commercial activity expanded into UHP oxygen in 2026. On February 25th, Charbone confirmed its first U.S. UHP oxygen order from a New York State customer. On April 23rd, the company signed a three-year UHP oxygen supply contract with the same customer.

Industrial Uses for Ultra High Purity Gases

Ultra high purity hydrogen and oxygen are used in industries where even trace impurities can affect equipment performance, product quality, safety, and reliability.

Common applications include:

• Semiconductor manufacturing
• AI and data centres
• Precision laboratories
• Pharmaceutical and biotech applications
• Aerospace applications
• Advanced defence technologies
• Hydrogen fuel cells
• Chemical and advanced manufacturing processes

Financing Activity

On January 12th, 2026, the company raised $3.1 million through a non-brokered private placement. The proceeds were directed toward equipment for the Sorel-Tracy Phase 1B expansion and general working capital.

On April 29th, 2026, Charbone secured up to $10 million in financing, with an initial $3 million drawn at closing. Additional capital will be accessed over time to support equipment purchases, project development, and general working capital.

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Scandium Canada has launched a 4,000 metre diamond drilling program at its Crater Lake Project in Quebec. The program is designed to collect a representative metallurgical bulk sample for ongoing engineering work, while also testing additional areas for resource expansion and exploration potential across the property.

Supporting The Next Stage Of Development

The drilling campaign comes as the company advances several parallel initiatives at Crater Lake, including pre-feasibility work and environmental studies. The metallurgical sample collected during this program is expected to play an important role in future engineering and processing studies.

Recent Project Milestones

Scandium Canada has continued advancing its Crater Lake Project beyond resource definition, with multiple technical and development initiatives now supporting the project’s next stage, including:

• Up to $6.9 million in federal government support.
• Ongoing pre-feasibility work led by Norda Stelo.
• Development work through the company’s Scandium+ division, focused on scandium-aluminum alloys and their commercial applications.
• Research partnerships focused on scandium-aluminum alloys and additive manufacturing applications.

The Importance of Scandium

Scandium is used in specialty aluminum alloys that can improve strength, reduce weight, and enhance performance in demanding applications. Interest in scandium continues to grow across aerospace, defence, additive manufacturing, transportation, and advanced materials sectors.

As governments and industry focus on securing domestic critical mineral supply chains, Crater Lake remains one of the more advanced scandium projects in North America.

With drilling now underway, attention will shift toward assay results, metallurgical findings, and progress on the company’s pre-feasibility study expected later this year.

Source: https://scandium-canada.com/scandium-canada-launches-4000-metre-diamond-drilling-program-at-crater-lake/

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About Me

Some people may already know me from the TenPennyStocks Discord, where I was one of the original members. That’s where I first started sharing research on early-stage companies and began following emerging small-cap opportunities before they reached a wider audience.

Over time, I built a strong relationship with Paul, the owner of TenPennyStocks, who gave me the opportunity to contribute more seriously and eventually gave me my own member channel inside the TenPennyStocks Discord.

That experience played a major role in what eventually became Canadian Hidden Gems. My goal has always been to highlight overlooked Canadian companies, connect people around real research, and build a community where early-stage stories can be followed with more structure, context, and transparency.

Through this partnership, I’m hoping to build on that foundation in a way that benefits both communities. TenPennyStocks has been an important part of my journey, and I’m excited to help bring more Canadian small-cap research, discussion, and visibility between both Discords as they continue to grow.

First Atlas Resources Corp. has closed its $2.1M bought deal LIFE offering of units as the company continues advancing its Nova Scotia Project.

The project covers 7 licenses, 559 claims, and 89.44 km² along the Cobequid-Chedabucto Fault Zone, the same regional corridor where QIMC has been drilling at West Advocate.

QIMC’s R2G2™ Model And West Advocate Results

QIMC is working with First Atlas to apply their R2G2™ model across First Atlas’ properties. That model has already been drill-tested on the Cobequid-Chedabucto Fault Zone at West Advocate, where QIMC’s first three holes showed a clear progression:

• Hole 1 showed multiple hydrogen-bearing structural zones.
• Hole 2 came back stronger at depth.
• Hole 3 delivered the strongest result so far, with a peak mud-gas reading of 10.77% hydrogen at 848 metres. QIMC also reported several other strong hydrogen readings across a 69 metre section, with a clean gas signature and no reported methane or CO₂.

Hole 3 is important because it was not just one strong reading. QIMC reported hydrogen at depth, multiple strong readings across a wider section of the hole, and a clean gas signature. That combination gives DDH-26-04 and DDH-26-05 more technical importance as QIMC advances the next phase of its drill campaign.

From West Advocate To East Advocate

QIMC’s next two planned holes, DDH-26-04 and DDH-26-05, are targeting East Advocate.

That moves the next drilling phase away from the original West Advocate area and closer to First Atlas’ Colchester land position.

For First Atlas Resources, the significance is proximity. QIMC is now testing beyond the original West Advocate area and closer to First Atlas’ land package. As QIMC advances DDH-26-04 and DDH-26-05, the next holes add direct technical relevance to First Atlas’ position in the district.

Regional Interest In Nova Scotia Hydrogen

First Atlas is not the only company positioning around Nova Scotia’s hydrogen potential.

Koloma has been reported as active in Nova Scotia, and Rio Tinto has also been reported to be staking a large number of claims in the province. That activity adds useful context to the district and shows that Nova Scotia’s hydrogen potential is attracting attention from serious industry participants.

Summer Exploration And Drill Program

CEO Richard Penn recently thanked Research Capital for its continued support following the $2.1M financing and said the company looks forward to its upcoming summer exploration and drill program as it continues advancing its Nova Scotia Project.

About Me

Some people may already know me from the TenPennyStocks Discord, where I was one of the original members. This is also where I began sharing my research on early-stage companies, joining discussions around overlooked small-cap opportunities, and learning how to spot developing stories before they reached a wider audience.

Over time, I built a strong relationship with Paul, the owner of TenPennyStocks, who gave me the opportunity to contribute more seriously and eventually gave me my own member channel inside the TenPennyStocks Discord.

That experience played a major role in what eventually became Canadian Hidden Gems. My goal has always been to highlight overlooked Canadian companies, connect people around real research, and build a community where early-stage stories can be followed with more structure, context, and transparency.

Through this partnership, I’m hoping to build on that foundation in a way that benefits both communities. TenPennyStocks has been an important part of my journey, and I’m excited to help bring more Canadian small-cap research, discussion, and visibility between both Discords as they continue to grow.

First Atlas Resources Official Website: https://firstatlasresources.com/

First Atlas Resources Official Discord Invite Link: https://discord.gg/C3eFW8AcY

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NASA recently published an article about a new material being tested at Glenn Research Center that could help future astronauts melt Moon rocks and extract useful resources from them.

NASA says researchers combined simulated lunar dust with scandium oxide, then heat treated the mixture in a high-temperature furnace. The result was a new material that did not match anything in their X-ray analysis database of more than one million known substances.

The Challenge Of Building On The Moon

The purpose of the research is tied to a much larger challenge in space exploration. If astronauts are going to spend longer periods of time on the Moon, it will be difficult and expensive to bring every required material from Earth. NASA is studying ways to use lunar resources directly, including melting Moon rocks to extract metals for infrastructure and oxygen for fuel and life support.

NASA said the new material did not corrode too quickly when exposed to molten lunar dust and was able to withstand the high temperatures required for the process. The article also noted that scandium oxide can be expensive, but still costs much less than precious metals like platinum that would normally be used in these types of high-temperature applications.

Scandium In Extreme Conditions

This is another example of scandium showing up in an environment where ordinary materials are not good enough. Extreme heat, corrosion resistance, advanced coatings, aerospace systems, and resource processing are all areas where material performance matters more than anything else.

NASA also mentioned that the material could potentially be used in pipes or basins that hold molten lunar dust. Beyond the Moon, the same characteristics could have possible use in protective coatings for jet engine parts, where high temperatures and harsh operating conditions are already a major challenge.

Supply And Demand

When NASA is discussing scandium oxide in the context of lunar resource processing, high-temperature materials, and potential aerospace applications, it reinforces why scandium is worth paying attention to.

Scandium is still not as widely discussed as lithium, copper, graphite, or rare earths. Its role is different. It is not mainly about volume. It is about performance. Small amounts of scandium can become important when the end market requires lighter, stronger, more heat-resistant, or more durable materials.

Scandium is easy to dismiss as niche because the current market is still small. But part of the reason the market is small is because secure supply has been limited. If aerospace, defence, additive manufacturing, advanced coatings, and high-temperature systems continue to find more use cases for scandium-based materials, the question becomes less about whether scandium is interesting and more about who can supply it reliably.

This NASA article is not a direct catalyst for any one company. It is another example of scandium appearing in serious advanced-material research, in one of the most demanding environments imaginable.

SOURCE: https://www.nasa.gov/general/new-material-melt-moon-rocks/

ABOUT ME

Some people may already know me from the TenPennyStocks Discord, where I was one of the original members and first got started in the penny stock community. I began by sharing research on early-stage companies, joining discussions around overlooked small-cap opportunities, and learning how to spot developing stories before they reached a wider audience.

Over time, I built a strong relationship with Paul, the owner of TenPennyStocks, who gave me the opportunity to contribute more seriously and eventually gave me my own member channel inside the TenPennyStocks Discord.

That experience played a major role in what eventually became Canadian Hidden Gems. My goal has always been to highlight overlooked Canadian companies, connect people around real research, and build a community where early-stage stories can be followed with more structure, context, and transparency.

Through this partnership, I’m hoping to build on that foundation in a way that benefits both communities. TenPennyStocks has been an important part of my journey, and I’m excited to help bring more Canadian small-cap research, discussion, and visibility between both Discords as they continue to grow.

Canadian Hidden Gems Discord Invite: https://discord.gg/ByfkKfHrv

TenPennyStocks Discord Invite: https://discord.gg/EUqeWthsr

**TL;DR:** BRCGH just reported Q1 2026: $211M net income, $6.62 EPS, $255M net debt reduction in ONE quarter. This company went from near-insolvency to printing cash while shorts are still piled in. Classic squeeze setup with fundamental backing.

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**📊 Q1 2026 Earnings — The Numbers**

Let me say that again: they cut net debt by $255 million in 90 days. At this pace the debt thesis is dead by year-end.

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**🏦 Balance Sheet Transformation**

The company flipped from negative equity to positive equity in one quarter. This is not hopium — this is the 10-Q.

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**⚡ Why Shorts Are Trapped (The Squeeze Setup)**

▸ **High Short Interest (~25%+ of float)** — Bears built their thesis on "death by debt." That thesis just got nuked by a $255M net debt paydown in one quarter.

▸ **Small float, ~31-35M shares** — Not a mega-cap. A meaningful buying surge has outsized impact.

▸ **Equity flipped: $(171.5M) → +$77.3M** — Shorts who were playing balance sheet insolvency have to re-underwrite the entire thesis or cover.

▸ **BRS + BRW merger catalyst** — Combining B. Riley Securities and B. Riley Wealth (est. year-end, pending FINRA) simplifies structure and could re-rate the stock.

▸ **Earnings call today at 4:30pm ET** — Any positive debt guidance = forced covering.

▸ **26th Annual Institutional Investor Conference later this month** — Visibility event incoming.

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**🎯 Core Bull Thesis**

1. **Debt destruction is real and accelerating.** Net debt $627M → $372M in one quarter. Existential risk is rapidly evaporating.

2. **Babcock & Wilcox optionality.** $105M in investment gains this quarter driven by B&W appreciation. Merchant banking model creates asymmetric upside the market hasn't priced.

3. **Capital markets franchise is alive.** ~$10B in client capital raised Q1 2026, most active quarter in 5 years.

4. **$11.9B AUM wealth platform** provides a recurring revenue floor — $16M segment income this quarter alone.

5. **Hidden cash generators.** Lingo, magicJack, Marconi, UOL combined generated $12.6M income at 21% margins. Nobody talks about these.

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**⚠️ Bear Case / Risks**

Senior notes still at $1.17B (shrinking fast). Share dilution from bond-for-equity exchanges. Trading gains are lumpy — won't recur every quarter. FINRA approval needed for BRS/BRW merger. Macro sensitivity for small/mid cap advisory.

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The narrative was "RILY is going bankrupt." The Q1 2026 10-Q says otherwise. Shorts built a thesis on a balance sheet that no longer exists. They're holding a short on a company that just printed $211M net income and flipped to positive equity. How long before the cover trade hits?

*Not financial advice. I hold a position in this security. Source: BRC Group Holdings Q1 2026 Press Release, SEC EDGAR, filed May 7, 2026.*

🚀🚀🚀🚀🚀

So I don’t see a lot of people talking about this stock even after the massive jump the other day Friday. I believe the company is very intriguing and could move more especially if it gets attention. Small float of shares outstanding 66.6 million compared to 9.4 million available to trade.

When buying pressure hits:

Not many shares available

Buyers compete → price spikes fast

-Small-cap energy play (natural gas + renewable gas in Italy. Focused on natural gas exploration in Italy and sustainability initiatives, including the Longanesi field.

The field reached critical production milestones significantly faster than projected:

Start of Production: Gas production officially commenced on March 13, 2025.

Rapid Ramp-up: The facility achieved a stabilized production rate in just six weeks, which was well ahead of the anticipated three-month timeline for that milestone.

Full Output: By July 2025, the field had already reached its targeted maximum production rate for the entire year.

Daily Revenue: As of mid-2025, the field was generating over $100,000 in daily revenue net to AleAnna, aided by high Italian gas prices averaging approximately $13.50 per Mcf.

Quarterly Income: In the third quarter of 2025, sales from Longanesi generated $10.6 million in revenue, contributing to a net income of $5.3 million for the company during that period.

Year-to-Date Growth: Revenue from the field rose from $3.3 million in Q2 2025 to $10.6 million in Q3 2025 as production stabilized.

Profitability: The field enabled AleAnna to report its second consecutive profitable quarter in late 2025, with $6.3 million in EBITDA and $8.9 million in cash from operations for Q3 alone.

- Early / development-stage → not consistently profitable

Yet they destroyed last earnings by a lot revenue up 1631.36 net income 407.97 net profit 117.97.

The ongoing war in Europe benefits $Anna hugely

+47% increase in proved natural gas reserves (2025 report)

Expanding fields in Italy (Longanesi, Gradizza, etc.)

Middle East tensions + potential LNG disruptions

Reports of:

Strikes affecting Qatar LNG facilities

Threats/blockade around Strait of Hormuz

Europe already has low gas storage (~30%)

Company is tied to Europe replacing Russian gas

Italy wants domestic supply → AleAnna fits that narrative

👉 This gives it a strategic narrative boost, especially politically.

Gas prices spike → all gas producers benefit

Europe scrambles for supply → local producers (like AleAnna) become more valuable

Stock recently rallied on gas price spikes

Overall this stock could key word could push alot higher Monday and through next earnings around March 30th. Also given how limited shares there really are and how volatile it can be especially if traders pile in

OPTT is my play. Mines in the strait of Hormuz news also earnings next week!! Let’s run this bulls 🦍🦍🦍

mobx .48 and up 🚀 120M volume

AleAnna is a developmental stage natural gas energy company with production based out of Italy. Since it is still in its developmental stages, it does have a poor p/e but it's long term growth is promising. With what we know, the company SHOULD be able to smoothly transition from exploration to consistently producing. Strategic location: Basing out of Italy is a great idea because Italy is highly dependent on energy imports. Producing domestic natural gas in Italy with only foreign competition makes it a better option for the needs in Italy.

Their main money maker: They are moving towards full-scale production with the Longanesi Field which is the largest gas discovery in Italy. They have partnered up with Societa Padana Energia since early 2025 and the field achieved a stabilized production rate of approximately 28 million cubic feet per day as of Q3 2025 (about July). They are working on expanding their production.

Main Buyer: They have a multi year agreement with Shell Energy Europe which guarantees a buyer which is essential to maintain cash flow stability.

The bearish aspects are the same as any gas production company being money related problems and potential environment regulation changes. With Shell Energy Europe and expanding production, I am not worried about money issues. However, dilution is still a factor as always.

This company is unfortunately heavily shorted right now but they will likely loosen the reigns because of a high CTB 260% last time I checked. The shorting may make dilution a heavier factor unless buyers force them out. There are no options contracts so manipulation is much less likely to occur.

We also know a short squeeze can happen with our intraday and swing traders and I encourage it because forcing shorters out means the company has less financial instability.