Quebec Precious Stock Price, News & Analysis

Vital Metals Limited has entered into a binding agreement to acquire a 68% interest in the Kipawa Rare Earth project and 100% of the Zeus Rare Earth project from Quebec Precious Metals Corporation for C$8 million (approximately A$8.5 million). This acquisition is strategic, potentially enabling Vital to become the only North American producer of both light and heavy rare earths. The Kipawa project features a mineral resource estimate of 15.5Mt of eudyalite with a total Proven and Probable Reserve Estimate of 19.8Mt at 0.411% TREO.

Quebec Precious Metals Corporation (OTCQB: CJCFF) announced on June 17, 2021, that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC). This eligibility enables seamless transfer of shares between U.S. brokerage firms, enhancing accessibility for American investors. DTC manages the electronic clearing process, which accelerates trade settlements. QPM is focused on its flagship Sakami project in Quebec, which boasts significant grades and ready-to-drill targets.

Quebec Precious Metals Corporation (OTCQB: CJCFF) has granted 300,000 stock options to two newly appointed directors. Each option allows the purchase of one common share at a price of $0.30 for a period of five years, with vesting occurring in three phases: one-third immediately, one-third after one year, and one-third after two years. The options comply with the TSX Venture Exchange policies. The company, focused on gold exploration in Quebec, aims to advance its flagship Sakami project towards a mineral resource estimate.

Quebec Precious Metals Corporation (CJCFF) reported promising drill results from its 2021 winter program at the Sakami Project in Quebec, involving 7 holes and 2,079 meters of drilling. Notable intersections included 1.83 g/t Au over 58.6 m and 2.15 g/t Au over 42.2 m, indicating high-grade mineralization. The company, which holds a 100% stake in the Project, plans a fully-funded summer program with 12,000 meters of drilling aimed at expanding the mineralized zone. CEO Normand Champigny expressed excitement about the high-grade potential at depth and along strike.

Quebec Precious Metals Corporation (CJCFF) has appointed two new independent directors, Paola Farnesi and Julie Robertson, to its Board of Directors. Farnesi brings over 30 years of corporate finance experience, notably as Vice President and Treasurer at Domtar Corporation. Robertson, with extensive experience in finance from Centerra Gold Inc. and Barrick Gold Corporation, adds transformative leadership skills. The appointments follow the retirement of Charles Main, strengthening the board's talent and diversity. The company aims to advance its flagship Sakami project in Quebec, a significant gold exploration venture.

Quebec Precious Metals Corporation (CJCFF) has filed a National Instrument 43-101 Technical Report regarding its Sakami Project. The report highlights significant potential for economic gold mineralization at the La Pointe deposit and its extension. The ongoing exploration program includes 12,000 m of drilling funded by a recent $3.25M financing. The project spans 281 claims over 142 km² and benefits from robust infrastructure. Key team members boast extensive experience in gold exploration, enhancing confidence in the project's advancement.

Quebec Precious Metals Corporation (OTCQB: CJCFF) announced the closing of an additional tranche in its oversubscribed private placement, raising $22,000 through the issuance of 100,000 common shares at a price of $0.22 each. The total gross proceeds from the financing amount to $3,250,399 from 14,774,543 common shares. The company paid $1,760 in finders' fees and granted 8,000 non-transferable warrants. Proceeds will be allocated for exploration and general corporate purposes. The financing is subject to TSX Venture Exchange approval.

Quebec Precious Metals Corporation (CJCFF) announced the closure of the second tranche of its private placement financing, raising $594,000 through the issuance of 2,700,000 common shares at $0.22 each. The total proceeds from both tranches amount to $3,228,399 from 14,674,543 shares. An insider invested $22,000 in this tranche, exempting the company from certain regulations under MI 61-101. Additionally, finders received $47,520 in fees and compensation warrants. The funds will support exploration and working capital, pending acceptance by the TSX Venture Exchange.

Quebec Precious Metals Corporation (CJCFF) has successfully closed the first tranche of its private placement financing, raising $2,634,399.46 through the sale of 11,974,543 common shares at $0.22 each. Key institutional investors include CDPQ Sodémex, SIDEX, CRCD, and SDBJ. Insiders invested $102,999.82, categorized as a related party transaction. The Company aims to increase the total offering to $3,000,000 and use proceeds for exploration and working capital. Finders fees of $94,855.99 were also paid.