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Quebec Pegmatite Holdings Corp. - WPNNF STOCK NEWS

Welcome to our dedicated page for Quebec Pegmatite Holdings news (Ticker: WPNNF), a resource for investors and traders seeking the latest updates and insights on Quebec Pegmatite Holdings stock.

QUEBEC PEGMATITE HOLDINGS CORP. (WPNNF) is a North American junior mining exploration company specializing in lithium with 100% ownership of properties in Quebec's James Bay and Mazérac regions. The company recently appointed Paul Ténière, a seasoned Professional Geologist and expert in exploration and capital markets, as its new Chief Executive Officer. With significant experience in the industry, Mr. Ténière brings a wealth of knowledge that will drive the company's growth and strategic direction. QPC's flagship properties, Vieux Comptoir and Mazérac, are strategically located near key lithium projects, positioning the company for success in the booming critical minerals sector.

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Lafleur Minerals announced a new loan agreement with Flowing Lithium Exploration. Under this agreement, Flowing Lithium will provide Lafleur Minerals with a $300,000 loan, bearing an annual interest rate of 10%. The loan must be repaid by June 17, 2025.

The funds will be utilized to cover general and administrative expenses.

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LaFleur Minerals has exercised its option to acquire 141 mineral claims spanning 5,579 hectares in Quebec's Abitibi Greenstone Belt.

This acquisition, announced on June 17, 2024, from Abcourt Mines Inc. (ABI), involves an initial $500,000 payment for a 25% interest, with the remaining 75% paid through issuing 4,299,211 shares at $0.3489 per share.

Post-acquisition, LaFleur granted ABI a 2% net smelter returns royalty and assumed existing royalty obligations. The property hosts significant gold and polymetallic showings, including 553.28 g/t Au over 0.8m at the Jackson Showing. However, the historical data hasn't been fully verified yet.

The property's geology extends 30 km along a NW to SE trend, providing potential for future mineral exploration and development.

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Lafleur Minerals announced the termination of the Option Assignment Agreement for the Brazil-Li 1 Lithium Property, dated August 7, 2023. The Agreement involved Quebec Pegmatite Corp., a subsidiary of Lafleur, and multiple parties including Brascan Resources, BHBC Exploracao Mineral, and RTB Geologia e Mineracao. As a result, Quebec Pegmatite relinquishes its option to acquire the lithium property in Brazil and has no further obligations under the Agreement. The stock symbols impacted are CSE: LFLR and OTC Pink: WPNNF.

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Quebec Pegmatite Holdings Corp. (CSE: QBC, OTC Pink: WPNNF) will change its name to LaFleur Minerals Inc., effective July 2, 2024. The company's shares will start trading under the new name and symbol 'LFLR' on the Canadian Securities Exchange (CSE) on the same date. The new CUSIP for the shares will be 50684B103, and the new ISIN will be CA50684B1031. Importantly, the company's share capital will remain unchanged.

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Quebec Pegmatite Holdings Corp. (OTC Pink: WPNNF) announced a non-brokered private placement of up to 5,000,000 units at $0.30 per unit, aiming to raise up to $1,500,000. Each unit consists of one common share and one warrant, allowing the holder to buy an additional share at $0.40 within three years. The warrants can expire earlier if the stock trades at or above $0.50 for 10 consecutive days. Funds will be used for exploration and working capital. Issued securities will have a hold period in Canada of four months and one day. Finders' fees might be applicable.

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Quebec Pegmatite Holdings Corp. (CSE: QBC, OTC Pink: WPNNF) announced an Option Agreement with Abcourt Mines to acquire 141 mineral claims (5,579 hectares) adjacent to the Swanson gold deposit in Quebec's Abitibi Greenstone Belt. The terms include staged cash payments totaling $2 million over two years, with the option to substitute payments with shares. The property hosts significant gold and polymetallic mineralization, including notable historical gold showings. The company plans an extensive exploration program targeting gold-bearing structures. Additionally, a name change to 'Lafleur Gold Corp.' is contemplated to reflect its focus on gold and critical minerals.

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Quebec Pegmatite Holdings Corp. (CSE: QBC, OTC Pink: WPNNF) announces the resignation of Mike Stier as CEO, who will continue as a board member. Paul Ténière, a professional geologist with 25 years of experience in mining and capital markets, is appointed as the new CEO. Ténière's expertise includes leading mining projects from exploration to mine development and serving in executive roles at various mining companies. He has also been involved in technical due diligence and corporate finance within the mining sector. The company granted Ténière 1,000,000 stock options at $0.25 per share, valid for five years, with vesting periods.

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On May 24, 2024, Quebec Pegmatite Holdings Corp. (CSE: QBC, OTC Pink: WPNNF) and Coloured Ties Capital announced a plan to settle QPC's $1.2 million debt to Coloured Ties. The settlement involves QPC transferring 6,666,666 shares of Superior Mining International (TSXV: V.SUI) to Coloured Ties. The transaction is a 'related party transaction' and relies on exemptions from valuation and minority shareholder approval requirements due to QPC's financial difficulties. The settlement aims to improve QPC's financial position. The transaction is pending approval from the TSXV and Canadian Securities Exchange.

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Quebec Pegmatite Holdings Corp. acquires Quebec Pegmatite Corp. in a reverse takeover, resulting in a fundamental change for QPHC. Shareholders of QPC receive QPHC shares on a one-for-one basis. The resulting entity will focus on the exploration of the Mazérac Property.
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First Responder Technologies Inc. (CSE: WPN) and Coloured Ties Capital Inc. (TSXV: TIE) announced a revision in the terms of their non-brokered private placements in connection with a proposed business combination transaction. The Concurrent Financings will be increased in terms of units and offering prices, with the proceeds to be used for the Proposed Transaction and working capital requirements.
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FAQ

Who is the new Chief Executive Officer of QUEBEC PEGMATITE HOLDINGS CORP.?

Paul Ténière has been appointed as the new Chief Executive Officer of the company. He is a Professional Geologist with extensive experience in exploration, mining, and capital markets.

What are the flagship properties of QUEBEC PEGMATITE HOLDINGS CORP.?

The company's flagship properties are Vieux Comptoir and Mazérac, strategically located in Quebec's James Bay and Mazérac regions.

What is QUEBEC PEGMATITE HOLDINGS CORP.'s focus in the mining sector?

The company specializes in lithium exploration and has 100% ownership of properties in key lithium regions, positioning itself for growth in the critical minerals market.

What expertise does Paul Ténière bring to QUEBEC PEGMATITE HOLDINGS CORP.?

As a Professional Geologist and industry expert, Mr. Ténière has 25 years of experience in taking precious metals, critical metals, and metallurgical coal deposits from exploration to feasibility study stage, making him instrumental in driving the company's strategic direction and growth.

Quebec Pegmatite Holdings Corp.

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