**Ticker:** **QIMC.CN** **/ QIMCF**
Natural hydrogen is still one of those sectors that sounds like sci-fi until somebody actually starts putting holes in the ground.
QIMC's newest Bennett Hill hole, DDH-26-05, just reported **23.5% H₂ at roughly 170 meters.**
Here's the part I think is way more interesting than the headline number:
Their previous Bennett Hill hole hit a slightly higher **24.3% H₂ — but at \~707 meters**.
So we're talking:
**Hole 4:** 24.3% H₂ @ \~707m
**Hole 5:** 23.5% H₂ @ \~170m
Almost the same peak concentration at **less than one-quarter of the depth**. And this wasn't just one random spike.
Hole 5 reportedly gave them:
**20.8% @ 158m**
**free gas @ \~164–167m**
**23.5% @ 170m**
**17.6% @ 176m**
**16.0% @ 179m**
**5.9–8.0% across multiple readings from 182–194m**
**13.9% around 260–263m**
Even crazier:
About **74% of the 192 valid readings from 32–305m were ≥1% hydrogen**, versus only \~37% in the comparable section of Hole 4.
That's the part that has me watching. A 23.5% spike is great.
**Repeated hydrogen all through the hole is a much more interesting geological story.**
They've now drilled hydrogen across two zones roughly **15 km apart**, and QIMC says they're working a broader **43 km exploration corridor** in Nova Scotia.
Now before everyone starts pricing in hydrogen-powered Lambos:
This is still exploration!
But the next phase gets interesting because DDH-26-05 is **still being drilled deeper**, and QIMC is already evaluating a pilot-scale characterization pathway.
If they start showing:
**shallow concentration + continuity + pressure + sustained flow**
then this stops being “cool hydrogen readings” and becomes a very different conversation.
I'm watching the deeper Hole 5 results. 9% price movement today though.