Quebec Precious Stock Price, News & Analysis

Quebec Precious Metals Corporation (CJCFF) announced on November 7, 2022, that it received a payment of $1,013,124 from Vital Metals Limited, following Vital's decision not to proceed with the acquisition of QPM's interests in the Kipawa and Zeus heavy rare earth projects. This payment is part of a binding term sheet established on August 9, 2021, and amended in February 2022. QPM is focused on gold exploration in Quebec, particularly the Sakami project, which has promising grades and aims to quickly advance to mineral resource estimation.

Quebec Precious Metals Corporation (OTCQB:CJCFF) held its Annual shareholders meeting on October 11, 2022, where shareholders approved all proposed resolutions. These included the election of Normand Champigny, Wanda Cutler, Julie Robertson, and James Shannon as directors, and the appointment of KPMG LLP as auditors. Following the meeting, James Shannon was appointed as Chair of the Board, succeeding John W.W. Hick. Additionally, the Corporation issued 67,857 deferred stock units to the CEO as part of a salary adjustment that includes a mix of cash and deferred compensation.

Quebec Precious Metals Corporation (CJCFF) has announced that it will continue the sales process for its 68% interest in the Kipawa and 100% interest in the Zeus heavy rare earth projects in Quebec, Canada. This follows the termination of an agreement by Vital Metals Limited, which decided not to proceed with the acquisition due to unsatisfactory results from its due diligence. QPM's CEO expressed confidence in realizing significant value for shareholders from these projects despite current market conditions for rare earth projects.

Idaho Champion has announced a binding term sheet with Quebec Precious Metals to acquire a 100% interest in two lithium pegmatite projects covering approximately 162 km² in Eeyou Istchee Baie-James, Quebec. The projects, near Patriot Battery Metals' Corvette project, show historical lithium and tantalum grades. The deal involves $100,000 in cash and 12 million shares, with a 2% net smelter return royalty for QPM. This acquisition is part of Idaho Champion's strategy to strengthen its presence in the North American battery metals sector.

Quebec Precious Metals Corporation (OTCQB:CJCFF) will hold its annual shareholder meeting on October 11, 2022, after a postponement from July. The corporation will also issue 208,930 common shares to settle debts amounting to $29,250 owed by current and former directors. The shares will be issued at a price of $0.14 per share, subject to a four-month hold period. The transaction qualifies as a related party transaction but is exempt from formal valuation requirements. Approval from the TSX Venture Exchange is pending.

Quebec Precious Metals Corporation (OTCQB:CJCFF) announces the immediate resignation of three directors, with Wanda Cutler and James Shannon appointed as new directors. The announcement includes the postponement of the annual shareholder meeting originally set for July 28, 2022. CEO Normand Champigny expressed gratitude for the departing directors' contributions, while Chairman John Hick welcomed the new appointees. QPM is focused on gold exploration in Quebec, particularly the Sakami project, aiming to progress toward the mineral resource estimate stage.

Quebec Precious Metals Corporation (CJCFF) has announced significant assay results from seven drill holes, confirming higher gold mineralization at the La Pointe Extension deposit within its Sakami project, covering 2,982 meters. Key intersections include hole PT-21-190 reporting 1.61 g/t Au over 19.5 m. The deposit is confirmed to extend 200 meters, remaining open in all directions. CEO Normand Champigny highlighted the potential for further mineralized volume and additional undrilled targets. The Sakami Project spans a 23-km geological contact with solid infrastructure supporting year-round drilling.

GoldSpot Discoveries Corp. and Quebec Precious Metals Corporation report significant findings at the Elmer East project in Quebec, highlighting a 4.5 km long gold-bearing structure. The project, 100% owned by QPM, shows high-grade mineralization potential, with plans for an Induced Polarization (IP) survey to refine target identification followed by drilling later in 2022. Recent geophysical interpretations support the discovery of high-priority gold zones, enhancing exploration prospects.

Quebec Precious Metals Corporation (CJCFF) has granted a total of 835,000 stock options, with 640,000 allocated to directors and officers, 50,000 to an employee, and 145,000 to consultants. Each option allows purchase of a share at $0.17 for five years, with a vesting schedule. Consultant options vest immediately for two years. QPM is focused on the Sakami project in Quebec's Eeyou Istchee James Bay territory, aiming to advance exploration and reach the mineral resource estimate stage.