First Atlas Resources Corp. reports developments tied to its resource exploration portfolio, with recent updates centered on the Nova Scotia Project and natural hydrogen targets along a regional structural corridor. Company news has covered the use of Québec Innovative Materials Corp.'s R2G2™ exploration model, geophysical interpretation, field work, and drill planning used to refine hydrogen-anomalous zones.
Recurring disclosures also include corporate identity updates, mineral-claim portfolio management, and financing activity such as private placements and flow-through securities used to fund exploration programs. The company trades on the OTC Pink market under BTKRF and has also referenced Canadian and Frankfurt listings in its public releases.
Q Precious & Battery Metals Corp. (BTKRF) has entered into an acquisition agreement for the Colchester project, comprising 7 licenses with 559 claims covering 89.44 square kilometers adjacent to QIMC's Nova Scotia hydrogen district.
The acquisition terms include a $25,000 non-refundable payment and 8,000,000 common shares issuance, plus a 2.0% royalty on hydrogen and mineral sales revenues, with an option to purchase 50% of the royalty for $2,000,000.
The Colchester project features strategic geological conditions for natural hydrogen and helium production, including deep structures, sedimentary depth over 7 kilometers, and strong geothermal gradients. QMET will utilize QIMC's exploration model, proven at their St-Bruno-de-Guigues property, to accelerate exploration in the Cumberland Basin.
Q Precious and Battery Metals Corp (CSE: QMET, OTC: BTKRF) has initiated diamond drill mobilization at the La Corne South project near Val d'Or, Quebec. The company is targeting two priority geophysical anomalies, EMG-1 and EMG-2, located approximately two kilometers south of their 2024 drilling sites.
Previous drilling in 2024 yielded significant results, including:
- Hole 24LCS-01: 0.83% copper equivalent over 25.45 meters, with sections containing up to 4.2% copper
- Hole 24LCS-03: 1.17% copper equivalent over 7.9 meters, including sections with 2.68% copper
The new phase focuses on TDEM anomalies EMG-1 and EMG-2, potentially located within the same volcanic horizon. First Class Diamond Drilling Inc., which successfully completed the first three drill holes in 2024, will continue the drilling operations. The program includes access to 5 additional target areas along a two-kilometer corridor.
Q Precious and Battery Metals Corp (CSE: QMET, OTC: BTKRF) has initiated construction of access and drill pads at its La Corne South project near Val d'Or, Quebec. The company is developing 1.5 kilometres of excavated access and four drill pads to test two priority geophysical targets.
First Class Diamond Drilling Inc., which successfully completed three drill holes in 2024, has been contracted for both construction and drilling operations. The 2024 drilling program yielded significant results, intercepting massive and disseminated sulphides containing copper, silver, zinc, and gold.
The upcoming phase will explore similar geophysical anomalies approximately two kilometres south of the 2024 drilling sites. With permit amendments approved for the new target areas, drilling is scheduled to begin next week.
Q Precious & Battery Metals Corp (CSE: QMET, OTCPK: BTKRF) has announced two significant developments: the closure of its first private placement tranche and the completion of the Matane Hydrogen Project acquisition.
The company raised $536,555.03 through a combination of flow-through shares at $0.09 per share and non-flow-through units at $0.075, with each unit including one common share and a two-year warrant exercisable at $0.10. The company paid $22,875 in finder's fees and issued 85,000 finder's warrants.
For the Matane acquisition, the company:
- Paid $25,000 to Zadkiel Holdings
- Issued 6 million common shares to sellers
- Granted a 1.2% revenue royalty to sellers (50% buyable for $1.2M)
- Issued 4 million shares to Quebec Innovative Materials Corp
- Granted QIMC a 0.80% revenue royalty (50% buyable for $800,000)
The Matane Hydrogen Project covers 80 claims spanning 26 kilometers along the Schicksock-South fault zone, featuring potential for natural hydrogen formation through oxidative hydrolysis and radiolytic reactions.
Québec Innovative Materials Corp. (QIMC) has provided updates on two natural hydrogen projects. At the St-Bruno-de-Guigues Project, the company reported hydrogen concentrations exceeding 7,000 ppm at 50-meter depths and is implementing deeper precision drilling. They've identified significant lithological shifts within the Cobalt Group and are deploying 800m tomographic geophysics near a multi-kilometer fault system.
QIMC also announced a strategic work program with Q Precious & Battery Metals Corp. (QMET) for the Matane Natural Hydrogen Project. The Matane project spans 26 km in the Appalachian region and features favorable geological conditions for hydrogen formation, including basaltic source rocks, Ordovician peridotites, and potassium-rich arkosic sedimentary rocks. The work program includes soil sampling, geophysical surveys, and hydrogeological studies.
Q Precious and Battery Metals Corp. (QMET) has announced significant drilling results from their La Corne South project in Val D'or, Quebec. The company completed three drill holes in fall 2024, with holes 24LCS-01 and 24LCS-03 showing strong VMS-style mineralization.
Notable results include:
- Hole 24LCS-03: 1.17% copper equivalent over 7.9 metres
- Peak values of 3.3% copper and 27.5 GPT silver
- Hole 24LCS-01: 0.83% copper equivalent over 25.45 metres
The drilling program tested approximately 50 metres of target strike length indicated from TDEM conductor and magnetic high. Two additional TDEM targets have been identified about two kilometers southeast, with permit extensions in process for drill access. The company plans to continue drilling this Winter.
Q Precious and Battery Metals Corp. (CSE:QMET) has provided an update on diamond drilling targeting at their La Corne South project near Val d'Or, Quebec. The company reports that previous drilling (hole 24LCS-01) revealed VMS-style mineralization with elevated copper, zinc, silver, and gold.
Further drilling is planned for early 2025, focusing on TDEM anomalies EMG-1 and EMG-2, which may be located within the same volcanic horizon. The geophysical surveys indicate a potential corridor of magnetic and electromagnetic anomalies spanning two kilometers, which remains open to the northwest.
The company has submitted 278 core samples from the first three holes to ALS laboratory in Val d'Or for analysis, including tests for 48 elements and precious metals. Quality control measures include blanks, standards, and duplicates inserted every 10 samples.
Q Precious and Battery Metals announces the resumption of diamond drilling at their La Corne South project near Val d'Or, Quebec for winter 2024-2025. Previous drilling results from hole 24LCS-01 showed significant VMS-style mineralization with:
- 1.8% copper equivalent over 6.1 metres, including 2.56% copper equivalent over 3.95 metres
- 0.83% copper equivalent over 25.45 metres total mineralized zone
The company plans to continue testing geophysical anomalies, with a primary target located 215m below surface. The exploration corridor extends over two kilometers and remains open to the northwest. Results from holes 24LCS-02 and 24LCS-03 are pending.
Q Precious and Battery Metals Corp. (CSE:QMET)(OTC:BTKRF) announces that its Lorrain claims are situated within the new hydrogen exploration area in Quebec's Ville-Marie region. The 11 claims, totaling 633 hectares, are located 2km north of Béarn and 5km east of Ville-Marie. The property, staked in 2020, contains geological features favorable for hydrogen exploration, including Cobalt Group sedimentary rocks, Nipissing mafic dykes, and sills that can act as impermeable barriers for hydrogen trapping. The area has seen increased interest following Quebec Innovative Materials Corp's discovery of elevated hydrogen gas in soil.
Q Precious & Battery Metals Corp. (CSE:QMET, OTC:BTKRF) announced significant results from its first drill hole at the La Corne South project in Val d'Or, Quebec. Hole 24LCS-01 revealed robust VMS-style mineralization with high-grade intercepts including:
- 4.2% copper, 4% zinc, 0.17 ppm gold, and 30.3 ppm silver over 0.55 meters
- 1.8% copper equivalent over 6.1 meters
- 0.83% copper equivalent over 25.45 meters
The company completed three drill holes totaling 426 meters, testing a 50-meter strike length of a TDEM conductor and magnetic high. Results from the other two holes are pending. QMET plans to drill 5-6 additional holes along a 2-kilometer corridor targeting strong TDEM conductors.