Quebec Precious Stock Price, News & Analysis

Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) congratulates Harfang Exploration on five high-grade gold discoveries near QPM's Sakami project in James Bay, Quebec. The discoveries, with assays up to 72.4 g/t Au, highlight a new structural gold trend in an underexplored area. QPM plans to:

1) Drill untested gold targets at La Pointe Extension deposit
2) Inspect priority gold and lithium targets
3) Continue collaboration with Harfang Exploration
4) Conduct a diamond drilling program (up to 1,250 m) at Elmer East lithium project
5) Perform geological mapping and geometallurgical studies

QPM received financial assistance of up to $333,306 from the MRNF for critical and strategic minerals exploration. The company's exploration claims cover 697 km² with a 23-km long gold-bearing contact between La Grande and Opinaca sub-provinces.

Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) has announced two key developments:

1. The company will issue 221,165 common shares at $0.088 per share to settle $19,462.52 in services rendered by three current directors during Q2 of the fiscal year ending January 31, 2025. This Shares for Services Arrangement aims to preserve the company's cash position.

2. QPM will issue 107,955 deferred stock units (DSUs) to its CEO as part of a compensation structure where 20% of the salary is paid in DSUs quarterly. These DSUs represent Q2 2025 compensation and will vest after one year.

Both transactions are subject to regulatory approval and a four-month hold period. The Shares for Services Arrangement is considered a related party transaction but is exempt from certain requirements under MI 61-101.

Quebec Precious Metals (TSXV:QPM, OTCQB:CJCFF) has announced two key developments:

1. The company will issue 221,165 common shares at $0.088 per share to settle $19,462.52 in services rendered by three current directors during Q2 of the fiscal year ending January 31, 2025. This Shares for Services Arrangement aims to preserve the company's cash position.

2. QPM will issue 107,955 deferred stock units (DSUs) to its CEO as part of a compensation structure where 20% of the salary is paid in DSUs quarterly. These DSUs represent Q2 2025 compensation and will vest after one year.

Both issuances are subject to regulatory approval and a four-month hold period. The transactions are considered 'related party transactions' but are exempt from certain requirements under MI 61-101.

Quebec Precious Metals (TSXV:CJC, OTCQB:CJCFF) held its annual shareholders' meeting on July 16, 2024, where all resolutions were overwhelmingly approved. Shareholders elected Geneviève Ayotte, Normand Champigny, Wanda Cutler, and James Shannon as directors, and appointed KPMG LLP as auditors.

The company also announced the issuance of 1,145,000 deferred stock units (DSUs) under its DSU Plan, with 1,070,000 granted to directors and officers, and 75,000 to an employee. Additionally, QPM granted 30,000 stock options to a consultant at an exercise price of $0.10 per share, valid for two years with immediate vesting.

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.