Q2 METALS CORP - QUEXF STOCK NEWS

Q2 Metals Corp. (TSX.V:QTWO)(OTCQB:QUEXF) has reported significant progress in its 2024 exploration program at the Cisco Lithium Property in Quebec, Canada. The company has completed four additional drill holes, totaling approximately 1,520.6 meters. Notably, drill hole CS24-018 encountered a continuous spodumene-pegmatite interval of 215.6 meters, the longest interval announced by the company to date. The drilling campaign has defined a total strike length of 750 meters of spodumene-mineralized pegmatite, which remains open in all directions.

Ground mapping and sampling have also confirmed the discovery of eight additional spodumene-mineralized outcrop zones at surface, expanding the area of interest to 1.9 by 1.5 kilometers. The company is well-funded following a recent financing of $6.88 million and plans to continue its exploration efforts, focusing on connecting wide pegmatite zones and systematically drilling the large surface mineralized area.

Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has closed the second and final tranche of its non-brokered private placement, raising $4,348,480. Combined with the first tranche, the total gross proceeds amount to $6,880,369. The company issued 8,506,315 charity flow-through units at $0.475 per unit, 1,200,000 non-flow-through units at $0.25 per unit, and 22,800 flow-through units at $0.35 per unit.

The proceeds will be used for Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures on Q2's lithium projects in Quebec. The securities are subject to a hold period expiring on December 10, 2024. Finders' fees of $62,250 and 249,000 broker warrants were paid in connection with the second tranche.

Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has closed the first tranche of its non-brokered private placement, raising $2.53 million. The company issued:

1. 1,142,857 flow-through units at $0.35 per unit, totaling $400,000.
2. 8,519,998 non-flow-through units at $0.25 per unit, totaling $2,130,000.

Proceeds will fund Canadian exploration expenses on Q2's lithium projects in Quebec and general working capital. The securities have a hold period until December 1, 2024. A second tranche of charity flow-through units is expected to close around August 8, 2024. The offering is subject to TSXV acceptance.

Q2 Metals Corp. (TSXV:QTWO, OTCQB:QUEXF, FSE:458) announced an update to its non-brokered private placement offering. The charity flow-through unit price has increased from $0.4625 to $0.475 per unit, allowing for gross proceeds of up to $5,000,000 from these specific units. The total offering could now raise up to $7,505,000. The closing is expected around July 31, 2024, subject to customary conditions and TSX Venture Exchange acceptance. All issued securities will have a hold period of four months and one day. Q2 Metals focuses on lithium projects in Quebec, including the Mia and Cisco Lithium Properties.

Q2 Metals has announced a non-brokered private placement to raise up to $7.5 million. The offering includes 10,800,000 Charity Units at $0.4625 per unit for gross proceeds of $4,995,000, 1,000,000 FT Units at $0.35 per unit for $350,000, and 8,620,000 NFT Units at $0.25 per unit for $2,155,000. Each unit includes one share and half a warrant, with warrants exercisable at $0.50 per share for two years.

The proceeds from Charity Units and FT Units will be used for Canadian exploration expenses on the company's lithium projects in Quebec, while NFT Unit proceeds will be used for general working capital. The offering is expected to close by July 31, 2024, pending TSX Venture Exchange approval.

Q2 Metals Corp. has announced the discovery of eight new spodumene-bearing pegmatite zones at its Cisco Lithium Property in James Bay, Quebec, bringing the total number of confirmed mineralized zones to 15. The discoveries were made during the 2024 mapping and sampling program, with 41 samples from the CO1 to CO15 outcrop groups showing lithium oxide (Li2O) grades up to 4.31%, averaging 1.80% Li2O.

The company has collected and assayed a total of 76 pegmatite samples, confirming lithium presence in all 15 zones. These results provide Q2 Metals with confidence to expand drilling efforts, particularly to the south of the CO3 outcrop zone. Initial drilling results, including from holes CS24-011 to CS24-014, indicate continued mineralization between CO1 and CO3. Further drilling is planned to test the subsurface extent of these zones. Ongoing work will focus on understanding the surface expression and potential of newly discovered areas.

The company’s priority area of interest now spans 1.1 by 3.5 km, following the discovery of additional lithium-enriched boulders and outcrops.

Q2 Metals recently announced significant progress in their Spring 2024 drill campaign at the Cisco Lithium Property in James Bay, Quebec. The company drilled four additional holes (CS24-011 to CS24-014) totaling 1,215 meters, expanding the mineralized zone to 750 meters southwest to the CO3 Zone. Highlights include drill hole CS24-014 encountering thirteen spodumene pegmatite intervals with a cumulative width of 131.6 meters. The ongoing drill program aims to further define the scale and potential of the Cisco deposit.

On June 25, 2024, CEO.CA Technologies, a subsidiary of EarthLabs, Inc., shared updates from Thesis Gold and Q2 Metals. 'Inside the Boardroom,' CEO.CA's interview series, featured Ewan Webster of Thesis Gold and Alicia Milne of Q2 Metals. CEO.CA is a leading investor social network, with millions of annual visitors connecting investors globally to share insights on stocks and commodities. The series offers firsthand knowledge from industry leaders about their visions and strategies. The interviews with Thesis Gold and Q2 Metals highlight key project updates for these junior mining companies.

Q2 Metals announced significant findings from its Spring 2024 Drill Campaign at the Cisco Lithium Property in James Bay, Quebec. A total of four drill holes were completed, with the standout being hole CS24-010, which intersected five spodumene-mineralized intervals with a cumulative width of 194.8 meters. Drill holes CS24-007, CS24-009, and CS24-010 showed promising extensions of lithium mineralization.

Additionally, the mapping and sampling program revealed eight new spodumene pegmatite occurrences, bringing the total to fifteen across an area of 1.1 by 1.7 kilometers. The company plans to continue expanding its exploration efforts, aiming to extend the mineralized zones further.

The geological team has sent samples for analysis to confirm lithium presence, with ongoing drilling expected to refine the pegmatite zone model further. These initial results support Q2 Metals' belief in the district-scale potential of the Cisco Property.