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Quest Critical Metals Inc. reports mineral-exploration developments centered on the Tisova/Klingenthal copper-cobalt VMS project and related licence areas in the Czech Republic and Germany. Company news covers diamond drilling, IP and resistivity targets, assay results, historic mine stratigraphy, licence renewals, and geochemical programs tied to critical-minerals exploration.
Recurring updates also include Quest's participation in EU Horizon-funded exploration technology projects, including Exploration Information Systems and DeepBEAT, which use data analysis, AI-assisted prospectivity work, and geochemical techniques for deep mineral deposits. Other company developments include portfolio streamlining, capital actions, and board changes.
Quest Critical Metals (OTC:DCNNF) has completed diamond drill hole testing of a strong IP anomaly at its Tisová-Klingenthal Cu-Co deposit. The historic mine, operational from 1627 to 1970, previously showed grades up to 17.1% Cu, 0.69% Co, and 3.7g/t Au.
The recent drilling program included two holes, with key intersections including 4.3 metres of mine stratigraphy assaying 1901 ppb Copper and 2.0 metres of 0.2 ppm gold, plus 76.5 metres of 2-5% disseminated pyrite within a strongly altered zone. The project was part of the EU-funded Exploration Information System (EIS) project, utilizing advanced data analysis tools to discover critical raw materials.
Quest Critical Metals (CSE: BULL) (OTC: DCNNF) has successfully renewed all exploration licenses due to expire in 2024 in both the Czech Republic and Germany. The company has selected and begun negotiations with a local drilling company for a Spring drilling program. Additionally, through an EU-funded project using AI and data analysis (EIS software), a new prospective location has been identified within the license areas.
A geochemical soil sampling survey will be conducted simultaneously with the Spring 2025 drilling program, with all costs covered by EU grants. Following a strategic review due to weakness in the lithium market, increased local taxes, and unexpected future costs, the company has decided to relinquish its Brazilian lithium licenses to focus on the Tisova/Klingenthal projects.
Quest Critical Metals announces its participation in the EU Raw Materials Week 2024 in Brussels (December 9th-13th). CEO James Newall will speak on 'Exploration: Challenges, Needs and Solutions' and present at the 'Innovative CRM Exploration through EIS and GSEU' event.
The company, a partner in two EU Horizon funded projects - Exploration Information Systems (EIS) and DeepBEAT, will discuss initial testing results of EIS software at their Tisova/Klingenthal licence areas. The testing confirmed a large potential VMS anomaly and identified a new area of interest in the German licence section.
The event, at full capacity with over 1,000 attendees, represents a significant platform for Quest Critical Metals to showcase their exploration initiatives.
Quest Critical Metals (CSE: BULL, OTC: DCNNF) has been accepted as an Associate Partner in the EU Horizon grant-funded Project DeepBEAT, which has secured €4.8m in funding. The project aims to develop innovative geochemical technologies for detecting deep-seated land deposits, with Quest's Tisova/Klingenthal licences serving as a test site.
DeepBEAT proposes ten technological developments, including ultra-high resolution analytical chemistry, improved sampling strategies, and AI-assisted 3D mineral prospectivity modelling. The project partners include prestigious institutions like the Czech Geological Survey, GTK, Queens University Canada, and is coordinated by the Helmholtz-Zentrum Dresden-Rossendorf Research institute.
On May 21, 2024, Quest Critical Metals (CSE: BULL, OTCQB: DCNNF, FSE: DCR0) announced the termination of its proposed best efforts private placement offering and the concurrent non-brokered private placement. These offerings were initially announced on May 1, 2024. This decision halts the planned fundraising activities for the company. The announcement was made by James Newall, President and CEO of Quest Critical Metals.
Quest Critical Metals Inc. announces a private placement offering of up to $3,000,000. The Company has entered into an agreement with Research Capital for the Offering, consisting of Units at $0.35 per Unit with each Unit comprising one Common Share and one Warrant. The Agent has an option to increase the size of the Offering by up to 15%. The Offering is expected to close on or about May 20, 2024, and will be used for exploration and working capital purposes.
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