Quebec Precious Stock Price, News & Analysis

Quebec Precious Metals Corporation (OTCQB:CJCFF) is a mineral exploration company whose shares have historically traded in Canada on the TSX Venture Exchange under the symbol QPM and in Germany on the Frankfurt Stock Exchange under the symbol YXEP. The company is associated with the mining and exploration sector and has been categorized under activities such as dimension stone mining and quarrying and broader mining, quarrying, and oil and gas extraction.

According to multiple corporate news releases, Quebec Precious Metals Corporation ("QPM") holds a large land position in the highly prospective Eeyou Istchee James Bay territory in Quebec, near the Éléonore gold mine. The company has repeatedly described its focus on advancing the Sakami gold project and a newly discovered, drill-ready Ninaaskumuwin lithium showing on its Elmer East project. In addition, QPM reports that it holds a 68% interest in the Kipawa heavy rare earth elements project located near Temiscaming, Quebec.

In a series of joint news releases with Fury Gold Mines Limited ("Fury"), QPM outlined that it entered into an arrangement agreement under the Canada Business Corporations Act whereby Fury agreed to acquire all of the issued and outstanding common shares of QPM in exchange for Fury shares. Subsequent releases state that the transaction received shareholder approval and that Fury later announced the completion of the acquisition of Quebec Precious Metals Corporation through a court-approved plan of arrangement. Following completion, it was indicated that QPM shares would be delisted from the TSX Venture Exchange and the Frankfurt Stock Exchange, and that QPM intended to apply to cease to be a reporting issuer in Canada.

As a result of this completed arrangement, Quebec Precious Metals Corporation is now described in public communications as part of a combined gold and critical minerals exploration portfolio held by Fury in Quebec. Fury’s disclosures explain that the properties acquired from QPM include the Sakami project, the Elmer East project, and the Kipawa project, contributing to a consolidated exploration land package in the province.

Technical information released by QPM before the completion of the arrangement highlights that the Sakami project is road-accessible and hosts a gold-bearing structural corridor where drilling has identified gold mineralization at targets known as La Pointe and La Pointe Extension. QPM has also described the Elmer East project as hosting a gold and base metal bearing structural trend called the Lloyd showing, and has reported grab sample results and drilling observations in that area. In separate releases, the company has detailed a maiden drilling program at the Ninaaskumuwin lithium prospect, noting intersections of spodumene-bearing pegmatite and describing the geological characteristics of the pegmatite bodies.

For its rare earths exposure, QPM has stated that the Kipawa project is a heavy rare earth elements project in which it holds a 68% interest, with the remaining interest held by Investissement Québec. Public technical descriptions refer to historical reserve figures and the presence of total rare earth oxides at Kipawa, as well as road access and proximity to infrastructure.

Beyond its exploration activities, QPM has appeared in news related to community and regional initiatives in the Eeyou Istchee James Bay territory. In particular, QPM has been named among mining and exploration companies contributing voluntary financial support to the Reconstruction Initiative Forest Fires Fund 2023, which is aimed at the reconstruction of cabins burned during the 2023 forest fires. In follow-up communications, QPM’s leadership has been cited in connection with continued funding commitments to support cabin reconstruction in collaboration with Cree organizations.

Corporate news has also noted that QPM has undertaken certain capital management measures, such as issuing common shares in payment of services to directors under share-for-services arrangements and granting deferred share units to its chief executive officer under a deferred share unit plan. These actions have been described as intended to preserve the company’s cash position and align compensation with equity.

In a separate transaction, QPM announced that it received a cash payment from the sale of a non-core asset in Ontario, specifically its 50% undivided interest in certain mining rights forming part of the Matheson Township mining property to International Explorers and Prospectors Inc. The company characterized this property as non-core relative to its main focus in Quebec.

Following the completion of the arrangement with Fury Gold Mines Limited, QPM’s projects and interests described in these releases are now referenced in Fury’s public communications as part of Fury’s expanded exploration portfolio in Quebec. Accordingly, investors researching the symbol CJCFF are often reviewing the historical record of Quebec Precious Metals Corporation as an exploration company with gold, lithium, and rare earths projects in Quebec that has since been acquired by Fury.

Business focus and project portfolio

Based on the company’s own descriptions in its news releases, Quebec Precious Metals Corporation has emphasized three main project areas:

• Sakami gold project in the Eeyou Istchee James Bay territory, described as a key gold exploration asset with identified mineralization at La Pointe and La Pointe Extension.
• Elmer East project, which includes the Lloyd showing and the Ninaaskumuwin lithium prospect, where QPM has reported drilling spodumene-bearing pegmatites.
• Kipawa heavy rare earth elements project near Temiscaming, Quebec, in which QPM holds a 68% interest.

These projects collectively underpin QPM’s historical positioning as a company focused on gold, lithium, and rare earth elements exploration in Quebec.

Corporate status and acquisition by Fury Gold Mines

In a February 26, 2025 news release, Fury Gold Mines Limited and QPM jointly announced that they had entered into an arrangement agreement under which Fury would acquire all issued and outstanding QPM shares in exchange for Fury shares, subject to shareholder and court approvals and other customary conditions. A March 26, 2025 update confirmed that the merger process was progressing, and an April 22, 2025 release reported that QPM shareholders had approved the arrangement resolution at a special meeting.

An April 28, 2025 release from Fury then stated that Fury had completed the acquisition of Quebec Precious Metals Corporation pursuant to a court-approved plan of arrangement, and that QPM shares would be delisted from the TSX Venture Exchange and the Frankfurt Stock Exchange, with QPM intending to apply to cease to be a reporting issuer in Canada. As a result, QPM is now described in public documents as part of Fury’s exploration portfolio, and the historical QPM ticker CJCFF reflects a company that has been acquired rather than an independent ongoing issuer.

Community engagement and regional initiatives

QPM has been mentioned in news releases related to the Cree Hunters Economic Security Board, the Cree Trappers Association, and other mining and exploration companies contributing to the Reconstruction Initiative Forest Fires Fund 2023 in the Eeyou Istchee James Bay territory. Statements attributed to QPM’s chief executive officer in these releases emphasize the company’s support for initiatives to rebuild cabins used by Cree hunters and trappers that were destroyed in the 2023 forest fires, and describe the company’s participation in multi-year funding commitments.

Capital structure and corporate actions

In addition to exploration updates, QPM’s news flow has included announcements regarding the issuance of common shares for services to directors under share-for-services agreements and the issuance of deferred share units to its chief executive officer under a deferred share unit plan. These releases state that such measures are intended to compensate directors and executives while preserving cash and aligning interests with shareholders. Another release notes that QPM received a payment from the sale of a non-core Ontario asset, reflecting the company’s focus on its primary Quebec projects.

Position within the mining and exploration sector

Across its news releases, QPM consistently describes itself as having a large land position in the Eeyou Istchee James Bay territory and a focus on advancing exploration-stage projects in gold, lithium, and rare earth elements. Its projects are located in Quebec, with Sakami and Elmer East in the James Bay region and Kipawa in southwestern Quebec near Temiscaming. The company’s activities, as described in these communications, are characteristic of a mineral exploration issuer working to advance early-stage and advanced exploration targets through drilling and technical evaluation.

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