Quebec Precious Metals Announces Start of Drilling at Sakami and Retains Services of Hinge Markets Inc.

Rhea-AI Summary

Quebec Precious Metals Corporation has announced that drilling has commenced at its Sakami project in Quebec, targeting the La Pointe deposit and La Pointe Extension with a program of 14,000 meters and over 40 holes. CEO Normand Champigny expressed optimism for new discoveries. Additionally, the company has engaged Hinge Markets Inc. for investor relations and capital markets advisory services, featuring an 8-month agreement for $8,000 per month and options for shares at $0.29 each, pending TSX Venture Exchange approval. The initiative aims to enhance awareness and engagement with investors.

Positive

• Drilling program of 14,000 meters and over 40 holes initiated at Sakami, targeting new discoveries.
• Engaged Hinge Markets Inc. for investor relations, enhancing communication with investors and stakeholders.
• Contract with Hinge Markets includes a monthly fee and stock options, aligning interests of advisors with company performance.

Negative

• Investor relations agreement is subject to TSX Venture Exchange approval, introducing potential delays.
• Initial term for investor relations is only 8 months, raising uncertainty about long-term investor engagement.

MONTREAL, QC / ACCESSWIRE / March 4, 2021 / Quebec Precious Metals Corporation (TSXV:QPM)(FSE:YXEP)(OTC PINK:CJCFF) ("QPM" or the "Company") is pleased to announce that drilling is underway at its flagship Sakami project in Quebec's Eeyou Istchee James Bay territory. Based on the drill 2020 results, the 2021 program (14,000 m, 40+ holes) has been designed to expand the La Pointe deposit and the La Pointe Extension discovery along strike (see press release of January 27, 2021). Normand Champigny, CEO of QPM, stated: "We look forward to a successful drilling program and new discoveries at La Pointe and La Pointe Extension."

Hinge Markets

The Company is also pleased to announce that it has retained the services of Hinge Markets Inc. ("Hinge Markets") of Toronto, Canada to provide investor relations and capital markets advisory services to the Company. Hinge Markets, led by Mr. Jeffrey White, will initiate and maintain contact with the financial community including shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Mr. White will also coordinate the Company's investor relations initiatives, including its participation in investment conferences, planning and organization of investor events, and assist in the dissemination of Company news and information to Company stakeholders. His role at the Company will also focus on fostering productive, continuing dialogues with analysts, investment dealers, financial advisors and other investment professionals.

Founded by Jeffrey White, Hinge Markets is an advisory and investor relations firm focused on providing capital markets and strategy consulting services to small and medium sized businesses. With over 20 years of capital markets experience, Mr. White's areas of expertise include capital structure optimization, evaluation of fundraising alternatives, strategic investor alignment, business development through a broad network of senior executives in virtually all Canadian industry sectors, and effective corporate communication. Mr. White also has extensive familiarity with the Canadian securities regulatory framework including listing and disclosure requirements.

The agreement has an initial term of 8 months, for which Hinge Markets will be paid a monthly fee of $8,000 and will be granted an option to acquire 200,000 common shares of the Company at a price of $0.29 per share. The options have a two-year term and will vest immediately, in accordance with the Company's stock option plan and Policy 3.4 of the TSX-V. This investor relations agreement as well as the professional engagement fees and granting of stock options is subject to TSX Venture Exchange approval.

Qualified Person

Normand Champigny, Eng., Chief Executive Officer of the Company, Qualified Person under
NI 43- 101 on standards of disclosure for mineral projects, has prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation's Éléonore gold mine. QPM's flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM's goal is to rapidly explore the project to advance it to the mineral resource estimate stage.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Quebec Precious Metals Corporation

View source version on accesswire.com:
https://www.accesswire.com/633416/Quebec-Precious-Metals-Announces-Start-of-Drilling-at-Sakami-and-Retains-Services-of-Hinge-Markets-Inc

FAQ

What is the significance of the drilling program at Sakami for CJCFF?

The drilling program at Sakami aims to expand the La Pointe deposit and La Pointe Extension, which is crucial for enhancing the company's mineral resource estimates.

Who is Hinge Markets and what role will they play for CJCFF?

Hinge Markets is a capital markets advisory firm retained to improve investor relations and increase shareholder awareness of Quebec Precious Metals Corporation's activities.

What are the terms of the agreement with Hinge Markets?

The agreement with Hinge Markets includes an 8-month term with a monthly fee of $8,000 and options to acquire 200,000 common shares at $0.29 each, pending regulatory approval.

How many holes are planned in the Sakami drilling program for CJCFF?

The Sakami drilling program plans to execute more than 40 holes, totaling 14,000 meters of drilling.