Quebec Precious Metals Corporation - CJCFF STOCK NEWS

Quebec Precious Metals (QPM) announced on June 27, 2024, its congratulations to Ophir Metals Corp. for discovering spodumene pegmatites (lithium) near their Elmer East Project in James Bay, Quebec. Ophir's discovery lies 3.7 km northwest of QPM's Ninaaskuwumin spodumene pegmatite, where assays from nine samples revealed lithium values ranging from 1.10% to 3.92% Li2O. These findings suggest significant potential for spodumene pegmatite resources in the region. QPM plans to sample and drill its own Ninaaskuwumin spodumene pegmatite later this summer and early fall. An updated corporate presentation is available on the QPM website.

Quebec Precious Metals (CJCFF) has received financial support up to $333,306 from Quebec's Ministry of Natural Resources and Forests (MRNF) for its Elmer Est project in Northern Quebec. The support is part of the Mineral Exploration Support Program for Critical and Strategic Minerals, aimed at enhancing mineral exploration projects in Quebec. This funding will enable QPM to conduct geometallurgical studies to design an optimal treatment process and develop lithium resources discovered at the Ninaaskumuwin site. Surface assays from the site have shown lithium oxide (Li2O) values of up to 3.92%, with potential mineralization extending along a 3.8 km trend.

Quebec Precious Metals (QPM) has completed the final tranche of its non-brokered private placement, raising $261,560. This tranche included $160,000 from 3,200,000 Hard Units at $0.05 per unit and $101,560 from 1,154,091 flow-through units at $0.088 per unit. Each unit also includes a warrant to purchase one common share at $0.10 for 36 months. The total amount raised including the first tranche is $446,560.

Proceeds from flow-through units will be used for Canadian exploration expenses, qualifying as 'flow-through critical mineral mining expenditure' under Canadian tax laws. Funds from the placement will support general corporate purposes and exploration in Quebec. Insiders participated, subscribing to 200,000 Hard Units and 240,000 FT Units.

The company also corrected details from a previous release, confirming a finders' fee of $5,600 and 112,000 warrants issued previously. QPM signed shares for services agreements with three directors, compensating them with shares to conserve cash. These transactions are exempt from formal valuation and minority shareholder approval requirements.

Quebec Precious Metals (CJCFF) announced the first closing of a non-brokered private placement, raising $185,000 through 3,700,000 Hard Units at $0.05 each. Each unit includes one common share and one warrant, allowing the purchase of a share at $0.10 within 36 months. The proceeds will fund lithium and gold exploration in James Bay and social acceptability initiatives at the Kipawa rare earths project. Additionally, a separate placement of 3,000,000 Flow-Through Units at $0.088 each is planned to fund Canadian exploration expenses. Final approval from the TSX Venture Exchange is pending.

Quebec Precious Metals (QPM) will issue 457,942 common shares to settle debts totaling $38,925.08 owed to three directors for services rendered in Q4 FY2024 and Q1 FY2025. The shares will be issued at $0.085 each, with a four-month hold period. The Debt Settlement is considered a related party transaction but is exempt from certain MI 61-101 requirements. Additionally, QPM will issue 223,530 deferred stock units (DSUs) to the CEO as part of a plan to pay 20% of his compensation in DSUs. These units will vest one year from the grant date and can be paid in shares or cash when the CEO leaves the company.

Quebec Precious Metals (QPM) and Harfang Exploration Inc. announce the results of a joint targeting study on the Sakami and Serpent-Radisson projects, revealing potential for high-grade gold and lithium targets. The collaboration identified 12 priority gold and lithium targets, enhancing geological understanding and confirming structural controls on mineralization. Both projects show significant high-grade gold and lithium potential, with promising drill-ready targets. The Study was conducted by ALS GoldSpot Discoveries with the guidance of QPM and Harfang.

Quebec Precious Metals Corporation (CJCFF) announces positive drilling results at La Pointe Extension gold deposit in Quebec. The drill program confirms continuity of higher-grade core with significant gold intersections. CEO Normand Champigny expresses optimism for future drilling and mineralization potential.

Quebec Precious Metals Corporation (CJCFF) reports promising results from the surface grab sampling program at the Ninaaskumuwin lithium prospect discovery. Assay values from the nine samples range from 1.10% to 3.92% Li 2 O, indicating high-grade mineralization potential. QPM plans to conduct a diamond drilling program to test the extent of the discovery outcrop and carry out geological mapping to further explore the potential of the Elmer East project.

Quebec Precious Metals Corporation (QPM) (TSXV:QPM)(OTCQB:CJCFF)(FSE:YXEP) has reported significant progress in 2023, including the completion of a detailed lithium targeting study and the identification of high priority lithium targets over a 125 km2 surface area. The company also discovered the Ninaaskumuwin spodumene prospect on the Elmer East project and received permits for drill targets. Looking ahead to 2024, QPM is optimistic about its prospects.