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Q Precious & Battery Metals Corp. (Q Metals) is engaged in the exploration for precious and critical metals in Quebec, targeting projects like the McKenzie East Gold property and the La Corne South VMS project. The company's recent achievements include ongoing diamond drilling programs and the identification of high-priority targets for gold, silver, copper, and zinc. Q Metals is focused on expanding exploration efforts based on positive drilling results and geophysical surveys, with plans for further drilling on both properties.
Black Tusk Resources Inc. has announced a planned name change to Q Battery Metals Corp., along with a new trading symbol QMET, pending Canadian Securities Exchange approval. This change reflects the Company's focus on exploration of lithium and other minerals in Quebec.
The Company highlights several projects:
- Pegalith Project: Potential for lithium with historic resources nearby.
- Mogold Project: Targeting lithium and VMS deposits.
- PG Highway: Area identified for massive sulphide mineralization.
- Lorrain: Interest in platinum and nickel.
- McKenzie East: Previous drilling indicated gold presence.
Black Tusk Resources Inc. announces the grant of 3,174,000 stock options with a two-year term at an exercise price of $0.075 per share. Of these, 1,250,000 options are allocated to directors and officers. Additionally, the Company has entered a three-month marketing service contract with Outside The Box Capital Inc. for $50,000 and 325,000 stock options at the same exercise price. Winning Media LLC has also been engaged for digital advertising services, with a payment of US$75,000 due upfront. Both marketing firms are arm's length parties to the Company. The press release includes cautionary statements about forward-looking information and potential risks.
Black Tusk Resources has successfully closed its acquisition of 1396427 BC Ltd., gaining ownership of the PegaLith project near Gatineau, Quebec. The acquisition involves an initial cash payment of $16,000 and the issuance of 4,600,000 units at a deemed price of $0.075 per unit, totaling $345,000. Each unit comprises one common share and a share purchase warrant priced at $0.10 for two years. The transaction is arm's-length and does not lead to a change of control. Approval from the Canadian Securities Exchange is pending, with securities subject to a four-month resale restriction.
Black Tusk Resources is acquiring the PegaLith Lithium project in Quebec, covering 636 hectares (1,571 acres) with significant lithium potential. Located 25 km north of Gatineau, the project is near historic mines that provided insights into lithium presence. Black Tusk paid $16,000 and will issue 4.6 million units at $0.075 each, totaling $345,000. The units comprise one share and one warrant, exercisable at $0.10 for two years. The exploration program for 2023 includes initial sampling of pegmatitic outcrops for lithium. Currently, shares are trading at $0.07.
Black Tusk Resources has entered a share purchase agreement to acquire 1396427 BC Ltd., the holder of the PegaLith project in Quebec. This project covers 636 hectares with strong mineral indicators for lithium potential, located 25 kilometers north of Gatineau. The acquisition includes an initial cash payment of $16,000 and the issuance of 4.6 million units valued at $345,000. Each unit consists of one common share and one share purchase warrant. The transaction is subject to Canadian Securities Exchange approval and is not expected to change control of the company.
Black Tusk Resources Inc. has closed a second tranche of its private placements, raising a total of $337,911.92. This includes 4,273,532 flow-through units for $260,411.92 and 1,550,000 non-flow-through units for $77,500. The flow-through units come with warrants to purchase shares at $0.10 and non-flow-through units at $0.075, both for two years. The funds will support mineral exploration and general working capital. Securities issued are subject to a four-month hold.
Black Tusk Resources Inc. has closed the initial tranche of its private placements amounting to $750,000 in flow-through funding, issuing 6,055,667 flow-through units priced at $0.06 each. Additionally, the company issued 10,370,000 non-flow-through units at $0.05 for gross proceeds of $750,000. In a debt settlement, $179,000 was settled for 3,580,000 common shares. Black Tusk aims to increase its offerings due to heightened demand, with remaining units available for both funding types.
Black Tusk Resources Inc. announced two private placements and a debt settlement on November 15, 2022. The flow-through funding will issue up to 8,333,333 FT Units at $0.06 for up to $500,000. Each FT Unit includes a common share and a half warrant at $0.10. The non-flow-through funding will offer up to 10,000,000 NFT Units at $0.05, also for $500,000, with similar warrant terms. The debt settlement involves $179,000 settled for 3,580,000 shares. Both placements are pending CSE approval.
Black Tusk Resources has announced a share consolidation plan, converting 10 pre-consolidated shares into one post-consolidated share. This move aims to enhance financing opportunities, attract increased investor interest, and improve trading liquidity. Currently, the company has 205,746,409 shares outstanding, which will reduce to 20,574,640 shares after the consolidation. The consolidation does not require shareholder approval but is subject to the acceptance of the Canadian Securities Exchange.
Black Tusk Resources Inc. has received drilling permits for its PG Highway and MoGold projects in Quebec. The geophysical survey by TMC Geophysique identified strong conductive anomalies at the PG Highway site, indicating potential for Volcanogenic Massive Sulphide (VMS) mineralization. The PG Highway project allows for up to 2,000 metres of drilling, while the MoGold site permits 500 metres. The targeted minerals include silver, copper, and zinc, with nearby known VMS deposits underscoring the region's mineralization potential. Drilling is set to commence soon.
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