Welcome to our dedicated page for Quebec Precious news (Ticker: CJCFF), a resource for investors and traders seeking the latest updates and insights on Quebec Precious stock.
About Quebec Precious Metals Corporation
Quebec Precious Metals Corporation (QPM) (OTCQB: CJCFF) is a mineral exploration company strategically positioned in the highly prospective Eeyou Istchee James Bay territory of Quebec, Canada. The company is focused on discovering and advancing high-value gold, lithium, and rare earth element (REE) deposits, catering to the growing global demand for critical and strategic minerals. QPM's operations are centered on sustainable exploration practices, collaboration with local communities, and leveraging its extensive land holdings near established mining infrastructure.
Core Business and Strategic Focus
QPM's primary focus is the exploration and development of its flagship Sakami Gold Project, a 23-kilometer-long gold-bearing structural corridor. The project encompasses two well-defined deposits, La Pointe and La Pointe Extension, which have shown significant gold mineralization through extensive drilling campaigns. Additionally, the company is advancing its Ninaaskuwin Lithium Prospect on the Elmer East project, where recent drilling has confirmed the presence of spodumene-bearing pegmatites with substantial vertical continuity. QPM also holds a 68% interest in the Kipawa Rare Earths Project, a historically significant deposit with proven reserves of heavy rare earth elements.
Market Position and Industry Collaboration
Operating in a region known for its rich mineral endowment, QPM benefits from its proximity to Newmont Corporation's Éléonore gold mine and other emerging mining projects. The company actively collaborates with industry partners, including Harfang Exploration, to enhance exploration efficiency and share technical expertise. This collaborative approach has resulted in the identification of high-priority drill targets for both gold and lithium, showcasing QPM's commitment to maximizing resource potential.
Key Differentiators
- Diversified Portfolio: QPM's assets span multiple high-demand commodities, including gold, lithium, and rare earth elements, providing resilience against market fluctuations.
- Strategic Location: The company's projects are located in Quebec, a mining-friendly jurisdiction with robust infrastructure and government support for critical mineral exploration.
- Technical Expertise: QPM employs advanced exploration techniques, including geometallurgical studies and structural mapping, to optimize resource identification and development.
- Community Engagement: QPM is committed to sustainable practices and actively supports local initiatives, such as the Reconstruction Initiative Forest Fires Fund, reinforcing its social license to operate.
Future Outlook
With a strong portfolio of exploration assets and a focus on critical minerals, QPM is well-positioned to capitalize on the increasing demand for sustainable and strategic resources. The company's recent merger with Fury Gold Mines Limited is expected to enhance its operational scale, diversify its asset base, and accelerate the advancement of key projects, including Sakami and Ninaaskuwin.
Fury Gold Mines has announced an agreement to acquire Quebec Precious Metals (QPM) through a share exchange transaction. QPM shareholders will receive 0.0741 Fury shares for each QPM share, representing a 33% premium based on February 25, 2025 closing prices.
The transaction will consolidate over 157,000 hectares of gold and critical minerals exploration portfolio in Quebec. QPM's flagship Sakami project has undergone nearly 50,000 meters of drilling, with significant gold mineralization identified in the La Pointe and La Pointe Extension zones.
The combined company will be approximately 95% owned by existing Fury shareholders and 5% by QPM shareholders on an undiluted basis. The transaction is expected to complete by the end of April 2025, subject to regulatory approvals and other closing conditions.
Quebec Precious Metals (CJCFF) has announced the receipt of a $200,000 payment plus additional valuable consideration from International Explorers and Prospectors Inc. (IEP). The payment is related to the sale of QPM's 50% undivided interest in specific mining rights that are part of the Matheson Township mining property in Ontario. This transaction represents the company's divestment of a non-core asset.
Quebec Precious Metals (QPM) has completed its maiden drilling campaign at the Ninaaskumuwin lithium project in James Bay, Quebec, totaling 825m in 5 holes. Key findings include +20m thick spodumene-bearing pegmatite intersected in three holes, with visually estimated spodumene ranging from 3% to 50%. The drilling confirmed vertical continuity up to 150m deep of mineralized pegmatite dipping -57 degrees north. Previous outcrop samples showed Li2O values between 1.10% and 3.92%. The pegmatite remains open along strike and depth, with assays pending. The project is strategically located 60km north of the km 381 rest stop and 50km north of the Galaxy project, which Rio Tinto is acquiring as part of their USD 6.7 billion Arcadium Lithium acquisition.
Quebec Precious Metals (QPM) announces the issuance of 221,165 common shares to settle services worth $19,462.52 for three current directors. The shares will be issued at $0.088 per share with a four-month hold period. Additionally, 107,955 deferred stock units (DSUs) will be issued to the CEO as part of their compensation structure, where 20% of salary is paid in DSUs quarterly. The DSUs will vest after one year and are payable in common shares or cash upon employment termination.
The Cree Hunters Economic Security Board (CHESB) and 16 mining companies have jointly contributed $750,000 to the Reconstruction Initiative Forest Fires Fund 2023 (RIFFF). The fund aims to rebuild cabins destroyed by wildfires in the Eeyou Istchee James Bay territory of Quebec in 2023, where 11% of land and 60% of traplines were affected. CHESB will contribute $400,000 and provide administrative support, Newmont Éléonore will donate $50,000, and 15 other mining companies will each contribute $20,000. The reconstruction efforts will begin in 2025, complementing the Cree Trappers' Association's ongoing work.
Quebec Precious Metals (QPM) has announced encouraging preliminary results from its first drillhole at the Ninaaskumuwin lithium project in James Bay, Quebec. The company intersected a 22.9-meter spodumene-bearing pegmatite interval from 127.95 to 150.85 meters depth, with visually estimated spodumene content ranging from 3% to 50%. Previous surface samples from the discovery outcrop yielded assays between 1.10% and 3.92% Li2O. The pegmatite body dips at approximately 57 degrees north and remains open along strike and depth. The project is strategically located about 60 km north of the 'km 381' rest stop and 50 km north of the Galaxy project, which Rio Tinto is acquiring as part of their USD$6.7 billion Arcadium Lithium acquisition.
Quebec Precious Metals (TSX.V:QPM, OTCQB:CJCFF) has initiated a maiden diamond drilling program on its 100% owned Ninaaskumuwin lithium discovery in James Bay, Quebec. The program aims to test the down-dip extent of the discovery outcrop sill and potential stacked sills, with up to 1,250 m planned in 16 holes. Previous assays from the outcrop ranged from 1.10% to 3.92% Li2O.
The company also announced a non-brokered private placement of up to 12,500,000 units at $0.045 per unit, aiming to raise up to $562,500. Proceeds will fund exploration and general corporate purposes. The Ninaaskumuwin prospect is located about 40 km north of the Galaxy project, which is being acquired by Rio Tinto as part of a $6.7 billion deal.
Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) congratulates Harfang Exploration on five high-grade gold discoveries near QPM's Sakami project in James Bay, Quebec. The discoveries, with assays up to 72.4 g/t Au, highlight a new structural gold trend in an underexplored area. QPM plans to:
1) Drill untested gold targets at La Pointe Extension deposit
2) Inspect priority gold and lithium targets
3) Continue collaboration with Harfang Exploration
4) Conduct a diamond drilling program (up to 1,250 m) at Elmer East lithium project
5) Perform geological mapping and geometallurgical studies
QPM received financial assistance of up to $333,306 from the MRNF for critical and strategic minerals exploration. The company's exploration claims cover 697 km² with a 23-km long gold-bearing contact between La Grande and Opinaca sub-provinces.
Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) has announced two key developments:
1. The company will issue 221,165 common shares at $0.088 per share to settle $19,462.52 in services rendered by three current directors during Q2 of the fiscal year ending January 31, 2025. This Shares for Services Arrangement aims to preserve the company's cash position.
2. QPM will issue 107,955 deferred stock units (DSUs) to its CEO as part of a compensation structure where 20% of the salary is paid in DSUs quarterly. These DSUs represent Q2 2025 compensation and will vest after one year.
Both transactions are subject to regulatory approval and a four-month hold period. The Shares for Services Arrangement is considered a related party transaction but is exempt from certain requirements under MI 61-101.
Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) has announced two key developments:
1. The company will issue 221,165 common shares at $0.088 per share to settle $19,462.52 in services rendered by three current directors during Q2 of the fiscal year ending January 31, 2025. This Shares for Services Arrangement aims to preserve the company's cash position.
2. QPM will issue 107,955 deferred stock units (DSUs) to its CEO as part of a compensation structure where 20% of the salary is paid in DSUs quarterly. These DSUs represent Q2 2025 compensation and will vest after one year.
Both issuances are subject to regulatory approval and a four-month hold period. The transactions are considered 'related party transactions' but are exempt from certain requirements under MI 61-101.
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