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QcX Gold Corp. reports mineral exploration and capital-market developments for its Canadian project portfolio. The company explores for gold and VMS-style mineralization on the Golden Giant Project in Québec's James Bay region and the Fernet and Fernet West projects in the Abitibi Greenstone Belt, and has expanded into the Batchawana Bay area of northern Ontario through completed mining-claim acquisitions, including the Olsen Project.
Recurring news includes project acquisitions, prospecting and soil-sampling programs, geological targeting, private placement financings, warrant and share issuances, royalty terms on acquired claims, and share-capital changes such as consolidation actions. Updates also reference the company's TSX Venture, OTC Pink, and Frankfurt trading symbols.
Sterling Metals (TSXV: SAG, OTCQB: SAGGF) has closed its court-approved acquisition of QcX Gold (TSXV: QCX, OTC Pink: QCXGF) via a plan of arrangement under the BC Business Corporations Act. QcX shareholders received one Sterling share for every 4.81026 QcX shares, reflecting an exchange ratio of 0.20789, resulting in the issuance of 4,922,249 new Sterling shares, plus 1,649,399 warrants and 299,361 options on equivalent economic terms.
Post-transaction, former Sterling and QcX shareholders own approximately 90.4% and 9.6% of Sterling, respectively, with no finders’ fees payable. The combined company consolidates a land package exceeding 35,000 hectares across the Batchewana Copper Belt in Ontario, expanding Sterling’s district footprint by about 40% and adding multiple copper and gold exploration targets around the Soo Copper Project.
QcX shares are expected to be delisted from the TSX Venture Exchange around September 1, 2026, and Sterling plans to apply for QcX to cease being a reporting issuer in Canada. Former QcX CEO Albert Contardi has joined Sterling’s board of directors. Sterling has also filed an early warning report after acquiring all 23,677,183 issued and outstanding QcX shares, now holding 100% of QcX.
QcX Gold (OTC: QCXGF) shareholders approved a plan of arrangement with Sterling Metals, under which Sterling will acquire all QcX common shares by issuing 0.20789 Sterling share for each QcX share. The special resolution passed at the August 18, 2026 meeting with 99.79% of votes cast in favour, or 99.75% excluding CEO Albert Contardi under MI 61‑101, with no dissent rights exercised. QcX has applied for the final court order from the Supreme Court of British Columbia and expects closing around August 25, 2026.
QcX also settled $272,088.34 of debt through issuing 1,060,358 QcX shares at $0.2566 per share, including 622,565 shares to an insider and $15,000 owed to an arm’s length vendor under a mining claim acquisition agreement. All Debt Settlement securities carry a four‑month‑plus‑one‑day hold period.
QcX Gold (OTC: QCXGF) provided additional disclosure about its proposed business combination with Sterling Metals under a court-approved plan of arrangement governed by the British Columbia Business Corporations Act and an arrangement agreement dated June 1, 2026.
The company outlines how CEO Albert Contardi initiated discussions in May 2026 to consolidate the companies’ mineral properties in Ontario’s Batchawana Greenstone Belt, subsequent mutual due diligence, and negotiation of terms based on 30‑day volume weighted average share prices. Sterling indicated it would not assume QcX’s working capital deficiency, leading QcX to agree to settle certain indebtedness, including amounts owed to Mr. Contardi, through share issuances before closing. QcX’s board unanimously approved the Arrangement on June 1, 2026, directors and officers signed voting support agreements, and a joint news release was issued on June 2, 2026. Further details are available in the management information circular and arrangement agreement filed on SEDAR+.
QcX Gold (OTC: QCXGF) has received an interim order from the Supreme Court of British Columbia authorizing it to call and hold an annual general and special meeting of shareholders to consider a proposed arrangement under Division 5 of Part 9 of the Business Corporations Act (British Columbia) with Sterling Metals, pursuant to an arrangement agreement dated June 1, 2026.
The shareholder meeting will be held on August 18, 2026 at 11:00 a.m. Eastern at Irwin Lowy LLP in Toronto. Subject to receiving requisite shareholder approval, the arrangement is expected to close on or around August 25, 2026. Further details are available in the filed arrangement agreement and will be provided in QcX’s information circular on SEDAR+.
QcX Gold (TSXV:QCX, OTC:QCXGF) plans a shares‑for‑debt settlement, issuing 1,060,358 common shares at $0.2566 to settle $272,088.34 of indebtedness with arm's length and related creditors.
The deal is a related party transaction, with an insider receiving 622,565 shares, and remains subject to TSX Venture Exchange and other required approvals. All new securities carry a four‑month‑plus‑one‑day hold period.
Sterling Metals (OTCQB: SAGGF) will acquire all securities of QcX Gold (OTC: QCXGF) via a court-approved plan of arrangement. QcX holders receive 1 Sterling share per 4.81026 QcX shares, implying $0.25666 per QcX share, with roughly 4.7M Sterling shares issued.
The deal creates a consolidated Batchewana Copper Belt land package exceeding 35,000 hectares, expanding Sterling’s district footprint by about 40% and adding copper and gold targets near the Soo Copper Project. Post-closing, Sterling and QcX shareholders are expected to own approximately 90.75% and 9.25% of the combined company.
QcX Gold (OTC: QCXGF) completed a high-resolution airborne magnetic survey over its Batchawana-Olsen Project, covering 3,050 km of flight lines at 75 m spacing and identifying multiple priority targets correlated with historical gold and copper occurrences.
The Property totals 10,816 ha (69 claims); the company agreed to acquire an additional 461 ha (21 claims) for $50,000 cash and 1,000,000 common shares, and is integrating geophysics with historical data to refine drill targets.
QcX Gold (TSXV: QCX / OTC Pink: QCXGF) announced completion of its acquisition of a 100% legal and beneficial interest in the Olsen Project, a 3,715-hectare land package in the Batchawana Bay area of northwest Ontario, pursuant to agreements dated December 12, 2025.
Consideration comprised an aggregate of 500,000 common shares at a deemed price of $0.33 per share and an initial cash payment of $28,000. All securities issued are subject to a statutory hold period of four months and one day from issuance.
QcX Gold (OTC: QCXGF) announced it has entered agreements to acquire 100% of the Olsen Project, a 3,715-hectare claim package in the Batchawana Bay area, expanding the Batchawana Project and creating a mostly contiguous land position that now shares over 6.6 km of boundary with Sterling Metals' Soo copper discovery.
Historic work on the Olsen claims documents five mineral occurrences with diamond drilling, mapping and sampling, including a 1.98 g/t Au grab sample and a historic drill intercept of 0.03% Cu over 1.18 m. QcX plans target generation, prospecting and mapping following a high-resolution magnetic survey.
Transaction consideration includes staged cash payments, issuance of 500,000 common shares on the effective date and 300,000 common shares by the second anniversary, and a 1.5% NSR with an option to buy 0.5% for $500,000. Completion is subject to TSX Venture Exchange approval.
QcX Gold (OTC: QCXGF) will conduct a large-scale, high-resolution airborne magnetic survey across its Batchawana Project in Ontario, with work scheduled to begin in November 2025.
The survey will cover the full property on 75-metre line spacing to map structures, stratigraphy and potential mineralized centres. The Property shares over 6.6 km of common boundary with Sterling Metals' Soo Copper discovery (reported intervals noted), and lies along strike of the past-producing Tribag Mine.
New geophysics will be integrated with historical datasets to generate high-priority targets for 2026 ground prospecting and follow-up. A non-independent Qualified Person has approved the geological information but has not verified historic data.