Q2 Metals Reports Multiple Wide, Mineralized Intercepts from Infill Drilling at the Cisco Lithium Project, Including 95.1 m and 81.9 m each Grading 1.56% Li₂O

Rhea-AI Summary

Q2 Metals (OTCQB:QUEXF) reported assay results from four infill drill holes at the Cisco Lithium Project on Dec 1, 2025, including multiple wide spodumene intercepts such as 95.1 m at 1.56% Li2O and 81.9 m at 1.56% Li2O. The results cover 2,211.7 m across four holes; the company has completed 27,295 m over 67 holes to date and is operating four drill rigs. An earlier Exploration Target estimated 215–329 Mt at 1.0–1.38% Li2O (based on 40 holes). Assays remain pending for >20 holes, including a notable 457.4 m continuous spodumene intercept in CS25-044. The infill program is intended to support an initial inferred Mineral Resource Estimate expected in Q1 2026.

Positive

• Intercept of 95.1 m at 1.56% Li2O
• Multiple long intercepts above 1.3% Li2O across holes
• 27,295 m completed over 67 holes
• Four drill rigs actively operating on site

Negative

• Exploration Target remains conceptual; not a mineral resource
• Assays pending for >20 holes including 457.4 m intercept
• Reported intervals are core widths and not true widths

News Market Reaction

+15.96%

1 alert

+15.96% News Effect

On the day this news was published, QUEXF gained 15.96%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Infill intercept CS25-040: 95.1 m at 1.56% Li2O Infill intercept CS25-040: 81.9 m at 1.56% Li2O Infill intercept CS25-041: 53.9 m at 1.53% Li2O +5 more

8 metrics

Infill intercept CS25-040 95.1 m at 1.56% Li2O Wide mineralized interval from infill drilling at Cisco Lithium Project

Infill intercept CS25-040 81.9 m at 1.56% Li2O Second wide interval in same hole at Cisco Lithium Project

Infill intercept CS25-041 53.9 m at 1.53% Li2O Notable interval among seven mineralized zones in CS25-041

Infill intercept CS25-042 32.7 m at 1.56% Li2O One of sixteen mineralized intervals in CS25-042

Drilling in release 2,211.7 m over four holes Analytical results reported from 2025 Drill Program

Total drilling to date 27,295 m over 67 holes Cumulative drilling completed at Cisco Lithium Project

Exploration Target tonnage 215–329 million tonnes Conceptual Exploration Target for Cisco main mineralized zone

Exploration Target grade 1.0–1.38% Li2O Conceptual grade range for Exploration Target based on first 40 holes

Market Reality Check

Price: $1.72 Vol: Volume 19,731 vs 20-day a...

normal vol

$1.72 Last Close

Volume Volume 19,731 vs 20-day average 28,303 (relative volume 0.7 ahead of this release). normal

Technical Price 1.139 is trading above 200-day MA at 0.59, and 5.87% below the 52-week high 1.21.

Peers on Argus

Peers in Other Industrial Metals & Mining showed mixed moves, with names like CA...

Peers in Other Industrial Metals & Mining showed mixed moves, with names like CANALASKA URANIUM up 4.53% and others such as ASIA BROADBAND down 4.65%, suggesting QUEXF’s modest gain of 0.63% was stock-specific rather than a broad sector surge.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	Drill results update	Positive	+9.6%	Reported CS25-044 with 457.4 m at 1.65% Li2O, widest interval to date.
Dec 01	Infill drilling results	Positive	+16.0%	Multiple wide mineralized intercepts from four infill holes at Cisco.
Nov 17	Exploration drilling north	Positive	-1.1%	179.2 m continuous pegmatite north of mineralized zone and new parallel zone.
Oct 27	Board appointment	Neutral	-0.7%	Added director Keith Phillips and granted 1,300,000 stock options at $0.95.
Oct 02	ESG and award update	Positive	-4.8%	Named VP ESG and Cisco nominated for Discovery of the Year by AEMQ.

Pattern Detected

Positive Cisco drill and project updates often saw supportive or strong price reactions, but there were notable instances where upbeat exploration news coincided with short-term pullbacks.

Recent Company History

Over the last few months, Q2 Metals has focused on advancing the Cisco Lithium Project through drilling and corporate developments. Multiple updates highlighted wide spodumene pegmatite intercepts, including continuous intervals of 179.2 m and later 457.4 m at 1.65% Li2O, and reiterated an Exploration Target of 215–329 Mt at 1.0–1.38% Li2O. Management appointments and ESG leadership were also emphasized. Today’s infill results fit this sequence of building towards an initial inferred Mineral Resource Estimate targeted for Q1 2026.

Market Pulse Summary

The stock surged +16.0% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +16.0% in the session following this news. A strong positive reaction aligns with the company’s pattern of outsized moves on major Cisco drill updates, such as the prior 15.96% gain on wide infill results and 9.61% move on the 457.4 m intercept. However, past pullbacks after good news highlight risks if expectations outpace future assays or the 2026 inferred Mineral Resource Estimate timeline, especially with the stock already trading above its 200-day MA.

Key Terms

li2o, spodumene pegmatite, exploration target, mineral resource estimate, +4 more

8 terms

li2o technical

"including 95.1 metres (“m”) at 1.56% Li2O, 81.9 m at 1.56% Li2O"

Li2O (lithium oxide) is a chemical compound made of lithium and oxygen, commonly encountered as a white solid used in the production of lithium-based ceramics, glass and as an intermediate in battery material processing. For investors, Li2O is important because it represents a measurable form of lithium content and feedstock in the battery supply chain—think of it as a raw ingredient whose availability, price and purity can affect costs and production for companies making batteries and electric vehicles.

spodumene pegmatite technical

"CS25-044 which intercepted 457.4 m of continuous spodumene pegmatite."

A spodumene pegmatite is a coarse-grained rock that contains concentrated crystals of spodumene, a mineral rich in lithium, formed when hot fluids cool and crystallize deep underground. For investors, these deposits matter because they are one of the primary natural sources of lithium used in electric vehicle and battery production; finding a high-quality spodumene pegmatite is like discovering a high-grade ore body, potentially lowering production costs and boosting project value.

exploration target technical

"The Exploration Target estimated a range of potential lithium mineralization"

An exploration target is an early estimate of how much mineral material might exist in a specific area and how concentrated or valuable that material could be, made before detailed drilling and analysis produce a formal resource figure. For investors, it acts like a rough treasure map: it highlights potential upside and guides decisions on funding further work, while also signalling higher uncertainty and risk until confirmation is completed.

mineral resource estimate technical

"deliver an initial inferred Mineral Resource Estimate in the first quarter of 2026."

A mineral resource estimate is a calculated approximation of how much metal or mineral material likely exists in a particular deposit and where it sits underground, similar to estimating how many cookies are in a jar by peeking at the layers. It matters to investors because it provides a data-based starting point for judging a project's potential value, future production and risks, while not guaranteeing recoverable or profitable amounts.

ni 43-101 regulatory

"Mineral Resource, as defined by NI 43-101. It is uncertain if further"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

qa/qc technical

"A Quality Assurance / Quality Control (QA/QC) protocol following industry"

QA/QC stands for Quality Assurance and Quality Control, processes used to ensure products or services meet certain standards. Think of it as a way to check that a product is safe and works properly before reaching consumers, similar to how a chef tastes food before serving it. For investors, strong QA/QC practices indicate a company's commitment to delivering reliable, high-quality offerings, reducing risks and building trust.

sodium peroxide fusion technical

"using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50)."

Sodium peroxide fusion is a laboratory technique that uses oxidizing powder heated with a solid sample to break it down into a form that can be chemically analyzed, like turning a hard rock into a readable liquid soup. Investors care because it's a standard way to measure metals, mineral grades or chemical contaminants accurately; the technique affects the reliability of assay results, regulatory compliance and the valuation or risk profile of resource or materials-related businesses.

icp-aes/ms technical

"using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50)."

ICP-AES/MS stands for inductively coupled plasma atomic emission spectroscopy and mass spectrometry, lab techniques that measure which elements and how much of them are in a sample down to tiny trace levels. Think of them as a very powerful metal detector and fingerprint reader combined: one reads light signatures and the other weighs ionized atoms to identify and quantify metals and minerals. For investors, results affect product safety, regulatory compliance, environmental liabilities and supply-chain quality, any of which can change costs, market access and reputation.

AI-generated analysis. Not financial advice.

Highlights:

• Four (4) drill holes from the 2025 infill drill program with strong analytical results are reported herein:
  
  
  • CS25-040: 12 separate intervals, including 95.1 metres (“m”) at 1.56% Li₂O, 81.9 m at 1.56% Li₂O and 66.5 m at 1.26% Li₂O;
    
    
  • CS25-041: seven (7) separate intervals, including 53 .9 m at 1.53% Li₂O, 54.0 m at 1.21% Li₂O and 41.2 m at 1.31% Li₂O;
    
    
  • CS25-042: 16 separate intervals, including 32.7 m at 1.56% Li₂O, 26.5 m at 1.53% Li₂O, 26.3 m at 1.47% Li₂O, 32.1 m at 1.14% Li₂O, and 26.1 m at 1.13% Li₂O; and
    
    
  • CS25-043: 16 separate intervals, including 38.2 m at 1.47% Li₂O, 22.2 m at 1.38% Li₂O and 21.4 m at 1.52% Li₂O.
    
    
• Assays are pending on more than 20 drill holes, including CS25-044 which intercepted 457.4 m of continuous spodumene pegmatite.
  
  
• Four (4) drill rigs continue to operate on the Cisco Project, primarily focused on infill-scale drilling within the main mineralized zone, supporting the Company’s efforts to deliver an initial inferred Mineral Resource Estimate in the first quarter of 2026.
  
  

VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to report assay results from the ongoing 2025 drill program (the “2025 Drill Program”) at the Company’s Cisco Lithium Project (the “Project” or the “Cisco Project”), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada.

The primary focus of the fall and winter drilling campaign is on infill-scale drilling within the main mineralized zone defined by the Exploration Target (the “Mineralized Zone”), issued by the Company in July 2025. The Exploration Target estimated a range of potential lithium mineralization at the Mineralized Zone of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li₂O and was based only on the first 40 holes drilled. An Exploration Target is used to provide a conceptual estimate of the potential quantity and grade of a mineral deposit, based on known and additional limited geological evidence. It is an early-stage assessment that will help to guide further exploration, but it is not a mineral resource or mineral reserve and should not be treated as such.

The drill campaign has been designed to support the Company’s objective of delivering an initial inferred Mineral Resource Estimate in the first quarter of 2026. Drilling at the Cisco Project is ongoing, with four (4) drill rigs currently operating on site.

“The recent infill drilling results further demonstrate the consistency and robustness of the Mineralized Zone at the Cisco Lithium Project. Since commencing our infill drill program, we have tightened our drill spacing to an average of 125 metres as we prepare our initial inferred Mineral Resource Estimate. To date, we have completed a total of 27,295 metres over 67 holes and continue to see encouraging results,” said Neil McCallum, Vice President of Exploration for Q2 Metals.

The analytical results reported herein represent 2,211.7 m of drilling over four (4) drill holes completed during the 2025 Drill Program. Pegmatite intervals and analytical results from the current program will be reported as they are received and reviewed.

Figure 1. Map of Recent Drill Holes with Analytical Results at Cisco Property

Figure 2. Cross-Section B

Table 1. Summary of Analytical Results of Drill Holes CS25-040, 041 and 042 at Cisco Project

All intervals of greater than 2 m of core-length and greater than 0.30% Li2O are included in Table 1. Internal dilution of non-pegmatite material was limited to intervals of less than 3 m. No specific grade cap or lower cut-offs were used during grade and width calculations. All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far are not representative of the true width as the modelled pegmatite zones are being refined with every additional hole.

Drill Hole Collar Information

The summary of drill holes CS25-040, CS25-041 and CS25-042, including basic location and dip/azimuth, is detailed below (Table 2).

Table 2. Summary of Drill Hole Collar Information, Cisco Project (CS25-040, CS25-041 and CS25-042)

Sampling, Analytical Methods and QA/QC Protocols

All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li₂O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.

A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision. The QP has verified the QA/QC results of the analytical work.

Qualified Person 

Neil McCallum, B.Sc., P.Geol, is a Qualified Person as defined by NI 43-101, and a registered permit holder with the Ordre des Géologues du Québec and member in good standing with the Professional Geoscientists of Ontario. Mr. McCallum has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2. 

Upcoming Events

Members of the Q2 team will be attending the Mines & Money Resourcing Tomorrow conference being held in London, UK from December 2-4, 2025.

ABOUT Q2 METALS CORP. 

Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project which is located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The known mineralized zone at Cisco is just 6.5 km from the Billy Diamond Highway, which leads to the railhead in the Town of Matagami, approximately 150 km to the south.

The Cisco Project has district-scale potential with an initial Exploration Target estimating a range of potential lithium mineralization of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li₂O, based only on the first 40 holes drilled. It is noted that the potential quantity and grade of the Exploration Target are conceptual in nature and there has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43-101. It is uncertain if further exploration will result in the target being delineated as a Mineral Resource. 

The 2025 Exploration Program is ongoing, prioritizing infill drilling towards an initial mineral resource estimate expected in Q1 2026. Expansion and exploration drilling continues at the main zone, which remains open at depth and along strike, as well as at high potential targets identified across the broader 41,253 hectare project area.

FOR FURTHER INFORMATION, PLEASE CONTACT:   

Alicia Milne President & CEO Alicia@Q2metals.com	Jason McBride Investor Relations Manager Jason@Q2metals.com	Chris Ackerman Corporate Development Chris@Q2metals.com

Telephone:  1 (800) 482-7560 

E-mail:  info@Q2metals.com  
www.Q2Metals.com 

Social Media: 
Follow the Company: Twitter, LinkedIn, Facebook, and Instagram 

Forward-Looking Statements 

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. 

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Project and inferences made therefrom, the conceptual nature of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/50bf8236-0ca7-48f4-aff3-88335f577046

https://www.globenewswire.com/NewsRoom/AttachmentNg/a2f51690-cda6-4b5e-8fcf-e0b119c0a400

Tables accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/0759195b-fadf-4b9d-97e1-54a61ab1132a

https://www.globenewswire.com/NewsRoom/AttachmentNg/acb1a99a-6ca6-4d33-8a15-08ce1962014f

FAQ

What did Q2 Metals (QUEXF) report on Dec 1, 2025 for Cisco drill results?

Q2 reported assays from four infill holes including 95.1 m at 1.56% Li2O and multiple other wide intervals; assays for >20 holes remain pending.

How do the Dec 2025 Cisco drill intercepts affect Q2 Metals' resource timeline (QUEXF)?

The infill results are being used to support an initial inferred Mineral Resource Estimate expected in Q1 2026.

What size Exploration Target does Q2 Metals cite for Cisco and what grades (QUEXF)?

An earlier Exploration Target estimated 215–329 million tonnes at 1.0–1.38% Li2O, based on the first 40 holes.

Are all Cisco drill results for Q2 Metals finalized or are assays still pending (QUEXF)?

Assays are still pending for more than 20 drill holes, including CS25-044 which intercepted 457.4 m of continuous spodumene pegmatite.

What drilling scale has Q2 Metals completed at Cisco as of Dec 1, 2025 (QUEXF)?

The company has completed 27,295 metres over 67 holes and currently operates four drill rigs on site.