Welcome to our dedicated page for Q2 Metals news (Ticker: QUEXF), a resource for investors and traders seeking the latest updates and insights on Q2 Metals stock.
Q2 Metals Corp. (OTCQB: QUEXF) generates frequent news as it advances the Cisco Lithium Project in the Eeyou Istchee James Bay region of Quebec, Canada. Company news releases focus on hard-rock lithium exploration results, drilling progress, metallurgical test work, and corporate developments related to this early-stage project.
Investors following QUEXF can expect detailed updates on the company’s drilling campaigns at the Cisco Lithium Project. Q2 Metals regularly reports analytical results from diamond drill holes, including wide intervals of spodumene-bearing pegmatite and lithium grades expressed as Li₂O. These updates often describe how new holes fit within the main Mineralized Zone, whether mineralization remains open along strike and at depth, and how results compare with the previously defined Exploration Target.
News coverage also includes information on the conceptual Exploration Target prepared by independent consultant BBA Inc., which estimates a potential range of lithium-bearing material in the main zone, while emphasizing that this target is conceptual and not a defined Mineral Resource. Additional releases describe metallurgical test work by SGS Canada Inc., confirming that Dense Media Separation (DMS) processing can achieve strong lithium recoveries and low iron concentrates from Cisco drill core.
Beyond technical results, Q2 Metals’ news highlights financing activities, such as flow-through private placements used to expand drilling, as well as Board appointments and participation in mining and resource conferences. For investors and analysts tracking lithium exploration in Quebec, this page offers a centralized view of Q2 Metals’ disclosed drilling progress, metallurgical findings, exploration strategy, and corporate milestones at the Cisco Lithium Project.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has concluded its Summer 2024 Drill Campaign at the Cisco Lithium Property in Quebec, Canada. The campaign completed 5 drill holes totaling 2,609.9 meters, bringing the total drilling since May 2024 to 6,359.7 meters over 17 holes. All holes intercepted pegmatite with visual indications of spodumene mineralization.
Key highlights include:
- Drill hole CS24-022 encountered 14 spodumene-pegmatite intervals, with the widest continuous interval of 52.3 meters.
- Drill hole CS24-023 encountered 15 spodumene-pegmatite intervals, with the widest continuous interval of 188.6 meters.
The campaign focused on exploring the connection of wide, continuous pegmatite zones encountered in previous holes. Samples have been sent for mineral analysis to confirm the presence of lithium. The company awaits results from 13 drill holes yet to be reported.
Q2 Metals Corp. (TSX.V:QTWO, OTCQB:QUEXF) has reported significant progress in its Summer 2024 Drill Program at the Cisco Lithium Property in Quebec, Canada. The company completed three drill holes totaling 1,419 meters, with impressive results:
1. Drill hole CS24-021 encountered a 347.1-meter continuous spodumene-pegmatite interval, the longest reported by the company to date.
2. Drill hole CS24-019 revealed 16 spodumene-pegmatite intervals, with the widest continuous interval of 56.8 meters.
3. Drill hole CS24-020 showed 17 spodumene-pegmatite intervals, with the widest continuous interval of 22.2 meters.
The company also completed a private placement financing, raising gross proceeds of $6,878,479.08. This funding will support continued exploration and development of Q2's lithium projects in Quebec.
Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF) has issued a clarification regarding its technical disclosure for the Cisco Property drilling results. The company has removed previously reported cumulative grades over 'cumulative intervals' and 'cumulative metres' from all news releases. Key highlights from the inaugural drilling campaign include:
- CS-24-010: 120.3 m at 1.72% Li2O (including 19.0 m at 2.06%)
- CS-24-007: 27.1 m at 1.96% Li2O (including 11.1 m at 2.49%)
- CS-24-008: 19.3 m at 1.75% Li2O (including 6.2 m at 2.23%)
- CS-24-009: 82.1 m at 1.43% Li2O (including 15.7 m at 1.88%)
These results represent 1,017 m of drilling over four holes out of a total 3,753 m drilled in 12 holes. The Spring 2024 Drill Campaign expanded on previous drilling, with holes CS-24-009 and 010 designed as 50 m westward step-outs from a previous hole. Drilling is ongoing and will continue into fall 2024.
Q2 Metals Corp. (TSX.V:QTWO, OTCQB:QUEXF) has reported strong initial drill results from its Spring 2024 campaign at the Cisco Lithium Property in Quebec, Canada. Highlights include:
- CS-24-010: 120.3 m at 1.72% Li2O, including 19.0 m at 2.06% Li2O
- CS-24-007: 94.6 m at 1.52% Li2O, including 27.1 m at 1.96% Li2O
- CS-24-008: 27.0 m at 1.63% Li2O, including 19.3 m at 1.75% Li2O
- CS-24-009: 115.9 m at 1.48% Li2O, including 82.1 m at 1.43% Li2O
These results represent the first 1,017 m of a 3,753 m drilling program. The company plans to continue drilling into fall 2024, with results from an additional 2,700 m pending.
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.
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