QUEBEC PRECIOUS METALS CP - CJCFF STOCK NEWS

Quebec Precious Metals Corporation (OTCQB:CJCFF) has agreed to issue 243,282 common shares to settle debts totaling $19,462.56 owed to three current directors. This Debt Settlement is aimed at preserving cash flow and is conducted at a price of $0.08 per share, with a four-month regulatory hold. It is categorized as a related party transaction, exempt from formal valuation due to the amount being below 25% of market capitalization. Additionally, the CEO will receive 118,750 deferred stock units as part of a compensation plan, allowing for 20% of salary to be paid in DSUs. This strategic move reflects QPM's commitment to advancing its Sakami gold project.

Quebec Precious Metals Corporation (OTCQB:CJCFF) has announced a Debt Settlement involving the issuance of 326,980 common shares to settle debts totaling $24,523.50 owed to three current directors and one former director. This settlement aims to preserve the corporation's cash position, with shares issued at $0.075 each, subject to a four-month hold period. Additionally, the company issued 126,667 deferred stock units to the CEO, corresponding to 20% of his salary. The Debt Settlement is exempt from certain minority shareholder approval requirements and pending regulatory approval.

Idaho Champion has successfully completed its acquisition of the Blanche and Charles lithium pegmatite projects from Quebec Precious Metals Corporation. The deal includes a payment of $100,000 and 12,000,000 common shares, with 50% of the shares subject to an 18-month escrow. QPM retains a 2% net smelter return royalty on the projects, with an option for Idaho Champion to repurchase 1% for $1 million. This strategic acquisition allows Idaho Champion to expand its reach in the lithium sector amid rising demand for battery-related metals.

Quebec Precious Metals Corporation (CJCFF) announced on November 7, 2022, that it received a payment of $1,013,124 from Vital Metals Limited, following Vital's decision not to proceed with the acquisition of QPM's interests in the Kipawa and Zeus heavy rare earth projects. This payment is part of a binding term sheet established on August 9, 2021, and amended in February 2022. QPM is focused on gold exploration in Quebec, particularly the Sakami project, which has promising grades and aims to quickly advance to mineral resource estimation.

Quebec Precious Metals Corporation (OTCQB:CJCFF) held its Annual shareholders meeting on October 11, 2022, where shareholders approved all proposed resolutions. These included the election of Normand Champigny, Wanda Cutler, Julie Robertson, and James Shannon as directors, and the appointment of KPMG LLP as auditors. Following the meeting, James Shannon was appointed as Chair of the Board, succeeding John W.W. Hick. Additionally, the Corporation issued 67,857 deferred stock units to the CEO as part of a salary adjustment that includes a mix of cash and deferred compensation.

Quebec Precious Metals Corporation (CJCFF) has announced that it will continue the sales process for its 68% interest in the Kipawa and 100% interest in the Zeus heavy rare earth projects in Quebec, Canada. This follows the termination of an agreement by Vital Metals Limited, which decided not to proceed with the acquisition due to unsatisfactory results from its due diligence. QPM's CEO expressed confidence in realizing significant value for shareholders from these projects despite current market conditions for rare earth projects.

Idaho Champion has announced a binding term sheet with Quebec Precious Metals to acquire a 100% interest in two lithium pegmatite projects covering approximately 162 km² in Eeyou Istchee Baie-James, Quebec. The projects, near Patriot Battery Metals' Corvette project, show historical lithium and tantalum grades. The deal involves $100,000 in cash and 12 million shares, with a 2% net smelter return royalty for QPM. This acquisition is part of Idaho Champion's strategy to strengthen its presence in the North American battery metals sector.

Quebec Precious Metals Corporation (OTCQB:CJCFF) will hold its annual shareholder meeting on October 11, 2022, after a postponement from July. The corporation will also issue 208,930 common shares to settle debts amounting to $29,250 owed by current and former directors. The shares will be issued at a price of $0.14 per share, subject to a four-month hold period. The transaction qualifies as a related party transaction but is exempt from formal valuation requirements. Approval from the TSX Venture Exchange is pending.

Quebec Precious Metals Corporation (OTCQB:CJCFF) announces the immediate resignation of three directors, with Wanda Cutler and James Shannon appointed as new directors. The announcement includes the postponement of the annual shareholder meeting originally set for July 28, 2022. CEO Normand Champigny expressed gratitude for the departing directors' contributions, while Chairman John Hick welcomed the new appointees. QPM is focused on gold exploration in Quebec, particularly the Sakami project, aiming to progress toward the mineral resource estimate stage.