Welcome to our dedicated page for Quebec Precious news (Ticker: CJCFF), a resource for investors and traders seeking the latest updates and insights on Quebec Precious stock.
News related to Quebec Precious Metals Corporation (OTCQB:CJCFF) provides a detailed view of the company’s activities as a mineral exploration issuer and its subsequent acquisition by Fury Gold Mines Limited. Through joint and standalone news releases, QPM has reported on exploration progress, corporate transactions, and participation in regional initiatives in Quebec.
Readers following CJCFF news can review announcements describing QPM’s gold, lithium and heavy rare earth elements projects in Quebec. These include updates on the Sakami gold project in the Eeyou Istchee James Bay territory, technical results and drilling observations from the Ninaaskumuwin lithium prospect on the Elmer East project, and background on the Kipawa heavy rare earth elements project near Temiscaming. Technical releases have outlined drilling campaigns, geological interpretations of spodumene-bearing pegmatites, and descriptions of structural trends and mineralization at key targets.
The news flow also documents significant corporate developments, most notably the arrangement agreement under which Fury Gold Mines Limited agreed to acquire all issued and outstanding QPM shares in exchange for Fury shares. Subsequent releases report shareholder approval of the arrangement, court orders, regulatory steps, and the completion of the acquisition, along with plans for delisting QPM shares and QPM’s intention to apply to cease to be a reporting issuer in Canada.
In addition, QPM news items cover capital management actions, such as issuing shares for services to directors and granting deferred share units to its chief executive officer, as well as the sale of a non-core Ontario asset. Other releases highlight QPM’s role among mining and exploration companies contributing to the Reconstruction Initiative Forest Fires Fund 2023, supporting the reconstruction of cabins used by Cree hunters and trappers in the Eeyou Istchee James Bay territory.
By reviewing this news archive, investors and researchers can trace the historical evolution of Quebec Precious Metals Corporation, from exploration updates through to its integration into Fury Gold Mines’ broader exploration portfolio in Quebec.
Quebec Precious Metals Corporation (CJCFF) announced promising drill results from its La Pointe Extension gold deposit at the Sakami project in Quebec. Notably, drill holes PT-21-187 and PT-21-188 yielded significant gold concentrations of 69.6 g/t Au and 1.51 g/t Au over extensive intervals. These findings affirm the mineralization's continuity and depth, suggesting potential for open-pit mining. The company anticipates its maiden resource estimate by Q3 2022, following further drilling results. The Sakami Project spans a 23-kilometer favorable geological contact.
Quebec Precious Metals Corporation (CJCFF) announced results from a new induced polarization survey on its 100% owned Sakami project. The survey identified IP anomalies over 2.5 km south of the La Pointe deposit, indicating a large intrusive body and new drill targets. The company has expanded the known mineralization volume and plans further drilling to support a maiden mineral resource estimate expected in Q3 2022. The Sakami project comprises 281 claims, strategically located with good infrastructure.
Quebec Precious Metals Corporation (CJCFF) announced promising preliminary results from metallurgical tests at its Sakami project in Quebec, indicating gold recoveries between 91% and 99%. The tests, conducted on six samples, confirm no deleterious components affecting cyanidation. The Bond work index was measured at medium strength, suggesting efficient grinding requirements. These results enhance the project's economic potential and support the upcoming maiden resource estimate. Further testing is planned to refine these findings.
Vital Metals Limited has amended its acquisition terms for Quebec Precious Metals Corporation's CJCFF 68% interest in the Kipawa project and 100% in the Zeus project, valued at C$8 million over 5 years. The due diligence period is extended by 9 months to enhance community engagement. This follows successful technical and legal due diligence. The Kipawa and Zeus projects will complement Vital's operations at Nechalacho, expanding its rare earth portfolio in Quebec, Canada.
Quebec Precious Metals Corporation (OTCQB:CJCFF) announced the resignation of Jean-François Meilleur as President and Director, effective immediately, to pursue other opportunities. The Board of Directors supports this decision, emphasizing a commitment to enhancing the Board's independence. Normand Champigny, CEO, acknowledged Meilleur's significant contributions to the Company’s creation and progress. QPM focuses on gold exploration in Quebec's Eeyou Istchee James Bay territory, with its flagship Sakami project poised for advancement towards mineral resource estimation.
Quebec Precious Metals Corporation (CJCFF) has achieved UL ECOLOGO Certification for responsible mineral exploration. This certification signifies QPM's commitment to leading environmental, social, and economic practices. The certification process, supported by the Quebec Mineral Exploration Association (QMEA), underscores QPM's focus on responsible development, which may enhance its appeal as an employer and improve relationships with local communities. This achievement is expected to bolster QPM's strategic planning and risk management efforts.
Quebec Precious Metals Corporation (OTCQB:CJCFF) has resumed drilling at its 100% owned Sakami project in Quebec's Eeyou Istchee James Bay territory. The fall and winter drilling program, fully funded, aims to expand the mineralized zone at the La Pointe Extension deposit with plans for 10,000 meters across 25 holes. Drill results from the summer program are still pending. CEO Normand Champigny expressed enthusiasm for exploring rich mineralization at depth.
Quebec Precious Metals Corporation (CJCFF) has received a $2,000,000 payment from the sale of a 2% Net Smelter Return royalty related to the Tansim lithium project. This transaction is part of a larger agreement involving Sayona Mining Limited and Lithium Royalty Corporation. Previously, QPM had received $250,000 from Sayona Qc for a 50% interest in the project's mining rights. CEO Normand Champigny noted that the funds will support their gold exploration initiatives in the James Bay region without needing equity financing.
Quebec Precious Metals Corporation (CJCFF) reported significant gold sampling results from its Elmer East Project in Quebec. The summer 2021 sampling program expanded the mineralized corridor at the Lloyd discovery area from 60 m to 4.2 km, revealing high-grade samples including 68.1 g/t Au and 61.8 g/t Au at the new Georgekish showing. The company plans further geological studies and drilling to optimize exploration efforts.
Quebec Precious Metals Corporation (CJCFF) held its Annual shareholders meeting on August 17, 2021, where shareholders approved all resolutions. Key actions included the election of seven directors, including Mario Caron and Julie Robertson, and the appointment of KPMG LLP as auditors. The Company is a gold explorer with significant land in the Eeyou Istchee James Bay territory, focusing on its flagship Sakami project, known for its high-grade targets and potential for mineral resource estimation.