First Strategic Work Meeting – SGNS – Squatex – CTI – HIFA – UQAR

Brossard (Quebec) – March 26, 2026

Following the official visit of the delegation from the National Geological Service of Senegal (SGNS) to Quebec, a first strategic working meeting was held virtually on March 25, 2026, bringing together SGNS, Ressources & Énergie Squatex Inc. (Squatex), Caron Technologies International Inc. (CTI), the Advanced Innovation and Training Hubs (HIFA), and the Université du Québec à Rimouski (UQAR). This meeting marks an important milestone in the concrete implementation of the partnership between the organizations.

Objective of the Meeting

The purpose of this meeting was to review four pilot projects presented by SGNS in order to assess their technical feasibility, associated costs, and development potential, while preparing the next steps required for their implementation.

Meeting Highlights

• Detailed analysis of the four proposed pilot projects

• Evaluation of geophysical survey methods, including drone-based approaches

• Definition of an operational model: CTI (data acquisition) / Squatex (analysis and interpretation)

• Assessment of the integration of carbon-neutral drilling technologies

• Discussion on equipment acquisition and training modules

• Designation of working group members

Next Steps

• Further technical analysis of the pilot projects

• Development of technical and financial proposals

• Planning of drone-based geophysical surveys and fieldwork in targeted areas

• Ongoing coordination between teams

Conclusion

This first working meeting confirms the strategic alignment between the parties and establishes a solid foundation for the progressive development of pilot projects in Senegal. It reflects a shared commitment to implementing innovative, rigorous, and responsible solutions for the development of natural resources.

Jean-Claude Caron
President
Ressources & Énergie Squatex Inc.
Caron Technologies International Inc.