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 has increased its private placement offering to 12,404,545 common shares for gross proceeds of $2,729,000, priced at $0.22 per share. A finders' fee of 8.0% will be paid, and finders will receive non-transferable compensation warrants at $0.30 per share for 24 months. The offering will close on or about April 30, 2021, subject to necessary approvals. Proceeds will fund exploration expenditures and general corporate purposes.
Quebec Precious Metals Corporation (CJCFF) has announced a private placement aiming to raise $1,500,400 by issuing 6,820,000 common shares at $0.22 each. The offering includes an 8.0% finders' fee for certain subscribers and will be conducted in Canada and the U.S. under specific exemptions. Proceeds from this sale will be allocated to exploration and general corporate needs. The closing of the placement is anticipated around April 30, 2021, pending necessary approvals.
Quebec Precious Metals Corporation has announced that drilling has commenced at its Sakami project in Quebec, targeting the La Pointe deposit and La Pointe Extension with a program of 14,000 meters and over 40 holes. CEO Normand Champigny expressed optimism for new discoveries. Additionally, the company has engaged Hinge Markets Inc. for investor relations and capital markets advisory services, featuring an 8-month agreement for $8,000 per month and options for shares at $0.29 each, pending TSX Venture Exchange approval. The initiative aims to enhance awareness and engagement with investors.
Quebec Precious Metals Corporation (CJCFF) has issued 502,033 deferred stock units (DSUs) to officers and one employee under its DSU Plan, with immediate vesting. Additionally, the Company granted 1,275,000 stock options, primarily to directors and officers, at a price of $0.29 per share for a five-year term, with a gradual vesting schedule over two years. These actions align with the Company's strategy to incentivize its management while ensuring that the amendments to the Stock Option Plan receive approval from the TSX Venture Exchange.
Fjordland Exploration Inc. has signed an agreement with Quebec Precious Metals Corporation to acquire 100% interest in the Renzy nickel copper project, also known as the Vulcain project. The acquisition includes a cash payment of $50,000, issuance of 1,000,000 common shares, and $1,000,000 in exploration expenditures over five years. The project spans 86 km2 and exhibits high-grade historical mineralization, suggesting significant exploration potential. The agreement awaits approval by the TSX Venture Exchange.
Quebec Precious Metals Corporation (OTCQB:CJCFF) announces the immediate appointment of Robert P. Boisjoli as the new Chief Financial Officer and Corporate Secretary, succeeding Nathalie Laurin. Boisjoli brings over 30 years of experience, notably in the mining sector and as Managing Director of Atwater Financial Group. He has been granted options for 150,000 shares at an exercise price of $0.23, exercisable within five years. The company aims to discover a new gold mine in Quebec's Eeyou Istchee James Bay territory, enhancing its operational strategy.
Quebec Precious Metals Corporation (OTCQB:CJCFF) announced that at its Annual General Meeting on October 20, 2020, shareholders approved all resolutions. Key approvals included the election of directors, the appointment of KPMG LLP as auditors, and the approval of a deferred share unit plan. As a gold explorer, QPM has significant land in Quebec's Eeyou Istchee James Bay territory, near the Éléonore gold mine, focusing on the Sakami project, which has promising grades and drill-ready targets.
Quebec Precious Metals Corporation (CJCFF) has provided an update on its exploration activities in the Eeyou Istchee James Bay territory. Despite COVID-19 delays, the company successfully completed 12,500 metres of drilling this year, enhancing the exploration potential of the Sakami gold project with the discovery of the La Pointe Extension. Additionally, early-stage discoveries of gold and base metals were made at the Elmer East project. Upcoming plans involve preparing a geological model and evaluating channel sampling for future drilling in 2021.
Quebec Precious Metals Corporation (OTCQB:CJCFF) announced its upcoming annual and special general meeting on October 20, 2020, at 10:00 a.m. Eastern time. The meeting will be held virtually due to COVID-19 precautions, prioritizing the health and safety of stakeholders. Shareholders must register online to participate, with login recommended by 09:45 a.m. The company, focused on gold exploration in Quebec's Eeyou Istchee James Bay territory, aims to uncover the next gold mine, particularly through its flagship Sakami project.
Quebec Precious Metals Corporation (CJCFF) announced significant findings from their 2020 summer surface sampling program at the Elmer East Project, confirming a new gold and base metals system. Key results include high-grade grab samples, with one reaching up to 17.75 g/t Au. The Lloyd showing spans 60m and is still open to further exploration. Additional prospecting and channel sampling are planned to evaluate the discovery's full potential. The project, located in Quebec's Eeyou Istchee James Bay territory, consists of 929 claims over 488 km², enhancing QPM's exploration prospects.