Anuncio • May 02
Quebec Precious Metals Corporation Common Shares to Be Deleted from OTC Equity Quebec Precious Metals Corporation Common Shares will be deleted from OTC Equity effective May 01, 2025, due to Acquisition /Merger /Amalgamation. Anuncio • Apr 29
Fury Gold Mines Limited (TSX:FURY) completed the acquisition of Quebec Precious Metals Corporation (TSXV:QPM). Fury Gold Mines Limited (TSX:FURY) entered into an agreement to acquire Quebec Precious Metals Corporation (TSXV:QPM) for CAD 4.2 million on February 25, 2025. The holders of the issued and outstanding QPM Shares will receive 0.0741 Fury Shares for each one QPM Share held. Upon completion of the transaction, Fury will continue to be listed on the TSX and NYSE American under the same Fury name and ticker symbol. Under certain circumstances, either Fury or QPM would be entitled to a termination fee of CAD 0.2 million. Upon closing of the Transaction, the board of directors of Fury will remain unchanged to lead the combined management and project teams. The head office will continue to be in Toronto, Canada. Normand Champigny will be appointed as a strategic advisor to Fury and Fury’s representative for the Kipawa project. Following completion of the Transaction, QPM Shares will be delisted from the TSXV and QPM will cease to be a reporting issuer under Canadian securities laws.
After consultation with its legal advisors, the board of directors of Fury and QPM unanimously approved the transaction. The transaction is subject to to a number of terms and conditions, including without limitation the following: (a) approval of a special majority of the QPM shareholders, as described below; (b) acceptance of the relevant stock exchanges (TSX, NYSE American and TSX Venture Exchange (TSXV)); (c) approval of the Quebec Superior Court; (d) there being no material adverse changes in respect of either Fury or QPM. Special Committee is formed by the Board of Directors of Quebec Precious Metals. As of April 22, 2025 QPM Shareholders overwhelmingly voted in favour of the special resolution to approve the previously announced plan of arrangement under Section 192 of the Canada Business Corporations Act with Fury Gold Mines Ltd. QPM will seek a final order of the Superior Court of Québec to approve the Arrangement on April 25, 2025. The Transaction is not subject to approval by the shareholders of Fury The transaction is expected to close by the end of April 2025. As per the announcement dated March 26, 2025, Fury has secured the conditional approval of the TSX and NYSE.QPM has now secured the required no-objection letter from Corporations Canada American and schedule with an anticipated completion prior to April 30, 2025. As of April 22, 2025 it is expected that the Arrangement will be completed on or about April 28, 2025.
Evans & Evans, Inc. acted as a financial advisor and Fairness opinion provider to Quebec Precious Metals. Gilles Seguin and Julien Lefebvre of BCF LLP acted as a legal advisor to Quebec Precious Metals. Michael Taylor of McMillan LLP acted as a legal advisor to Fury Gold Mines. Computershare Investor Services Inc acted as a Transfer agent to Quebec Precious Metals. Odyssey Trust Company acted as a Transfer agent to Fury Gold Mines.
Fury Gold Mines Limited (TSX:FURY) completed the acquisition of Quebec Precious Metals Corporation (TSXV:QPM) on April 28, 2025. Trading of the QPM Shares on the TSX Venture Exchange (the “TSXV”) has been halted and will remain halted until the QPM Shares have been delisted from the TSXV, which is expected to be on or approximately by April 30, 2025. The QPM Shares will also be delisted from the Frankfurt Stock Exchange. Anuncio • Nov 27
Quebec Precious Metals Completes Drilling Campaign on Its Ninaaskumuwin Project in the Eeyou Istchee James Bay Region of Quebec, Canada Quebec Precious Metals Corporation announced that it recently completed the maiden drilling campaign totalling 825 m in 5 holes on its Ninaaskumuwin project in the Eeyou Istchee James Bay region of Quebec, Canada (see press releases dated October 21, 2024 and October 30, 2024). Highlights +20 m thick spodumene-bearing pegmatite was intersected in three holes with visually estimated spodumene ranging from 3 to 50%; These holes confirm the vertical continuity up to 150 m deep of the mineralized pegmatite dipping -57 degrees to the north; and This maiden drill program demonstrates that the pegmatite body remains open along strike and to depth and more drilling will be required to more precisely determine its geometry and extension. The drilling campaign's main objective was to test the extension at depth and along the strike of the discovery outcrop and the presence of potential stacked sills. Assay values from the nine samples from the discovery outcrop range from 1.10% to 3.92% Li2O. The five holes intersected highly fractionated pegmatite dyke(s). The pegmatite dyke intersected in the first three holes were mineralized in spodumene. The spodumene is concentrated almost continuously throughout the width of the dyke. The pegmatite dykes were systematically sampled and sent for assay and metallurgical testing (assay pending). The pegmatite is composed essentially of quartz, plagioclase, potassic feldspar and spodumene with lesser proportion of muscovite, tourmaline and garnet. The spodumene is light greenish-white colour and occurs as large and elongated crystals averaging 2 x 5 cm and up to 2 x 15 cm. A portion of the pegmatite shows albite alteration in which spodumene is concentrated in bands of fine-grained crystals. The pegmatite is hosted in metasedimentary units, mainly matrix-supported conglomerate in alternance with wacke and coarse-grained sandstone. New Risk • Sep 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Share price has been highly volatile over the past 3 months (72% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (€2.73m market cap, or US$3.05m). Minor Risk Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Anuncio • Apr 03
Quebec Precious Metals and Harfang Exploration Jointly Identify High-Priority Gold and Lithium Drill Targets on Their Sakami and Serpent-Radisson Projects, James Bay Region, Quebec Quebec Precious Metals Corporation and Harfang Exploration Inc. announced the results of a joint targeting study conducted on the adjacent and wholly-owned Sakami and Serpent-Radisson projects (the "Projects") (see Figure 1). The Projects demonstrate significant potential for high-grade gold and more recently for lithium (see QPM's press releases dated September 20, 2023, and February 29, 2024, and Harfang's press releases dated October 5, 2022, September 13 and December 6, 2023). The Study was designed to identify additional gold and lithium drill targets on the western portion of the Sakami project and on the eastern portion of the Serpent-Radisson project. The close collaboration between the two companies resulted in: The identification of 12 priority gold and lithium targets including 3 high-priority targets that can be drill-ready following a field inspection later this year (see Figure 2); and, An improved geological understanding and confirmation of the structural and lithological controls on gold and lithium mineralization. Using both company and publicly available data, the Study generated a comprehensive geological and structural lineament map of the Sakami-Serpent-Radisson area. Highlights of the Study are as follows: Mafic to ultramafic slivers extend to the SW along shears in the Sakami project area, deflecting to the WSW along splays in the Serpent-Radisson project area; Mafic gabbroic dyke swarms that were previously unrecognized occur within tonalitic gneiss and felsic intrusions at Sakami. Additional gabbroic material occurs at the Serpent project, mainly along interpreted structures; Several untested pegmatites, potentially lithium-bearing bodies, are present; and, Anastomosed shear zones are present with reverse movement and/or primarily sinistral-strike slip component, in a Riedel-like system associated to a N-S compression. Both projects exhibit the presence of high-grade gold: Sakami: the discovery of 29 showings with up to 62.92 g/t Au (grab sample), up to 48.93 g/t Au over 1.0 m (channel sample), and up to 120.4 g/t Au over 0.45 m (drillhole) along a 23-km mineralized corridor, and including more than 50,000 m of drilling on two well-defined deposits (La Pointe and La Pointe Extension) with intercepts up to 1.15 g/t Au over 80.1 m including 2.21 g/t Au over 24.85 m. Serpent-Radisson: the discovery of more than 50 showings with up to 340 g/t Au (grab sample), up to 7.78 g/t Au over 6.15 m (channel sample), and up to 2.52 g/t Au over 19.65 m and 1.64 g/t Au over 22.40 m (drillhole) along an interpreted 20-km long mineralized corridor. Both projects exhibit lithium potential: Both projects exhibit lithium potential: Sakami: several interpreted pegmatite bodies to be field-tested to determine their potential to contain lithium. Serpent-Radisson: the discovery of spodumene and tantalite showings in the eastern part of the project with up to 4.56% Li2O (grab sample) over a favourable zone that is greater than 15 km2. The Study was performed by ALS GoldSpot Discoveries Ltd. with the assistance of GeoVector Management Inc. and under the guidance of QPM and Harfang. Anuncio • Dec 20
Quebec Precious Metals Corporation Intersects Mineralized Zone at La Pointe Extension Quebec Precious Metals Corporation announced that the recently announced drilling program at the La Pointe Extension gold deposit intersected the predicted mineralized zone. The deposit is located on the Corporation's 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. The drilling program was designed to test the higher-grade portion of the La Pointe Extension deposit that could be amenable to open pit mining. The program totalled 732 m in two holes. Both holes intersected strongly silicified paragneiss that characterizes the mineralized zone with the presence of disseminated arsenopyrite and pyrite. Hole PT-23-196 and hole PT-23-197 showed downhole mineralize lengths of 32.5 m and 18 m respectively. These mineralized lengths are consistent with the nearby holes drilled since the discovery of the deposit made in 2020. Assay results are expected to be available early next year. The drilling program was supervised by GeoVector Management Inc. and the drilling was performed by Forage Val d'Or. New Risk • Dec 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.4m free cash flow). Share price has been highly volatile over the past 3 months (99% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€6.10m market cap, or US$6.71m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Anuncio • Nov 24
Quebec Precious Metals Corporation Announces Drilling Higher Grade Mineralization At La Pointe Extension Quebec Precious Metals Corporation announced that a drilling program is underway at the La Pointe Extension gold deposit, on the Company's 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. Drilling aims to test the higher-grade portion of the La Pointe Extension deposit that could be enable to open pit mining. The program totaling about 700 m in two holes will be completed in early December with results available early next year. The La Pointe Extension deposit and the La Pointe deposit are part of the Sakami project located along a 23-kilometre-long favourable geological contact that hosts gold mineralization. Both deposits are of similar geological character and a sub-vertically dipping higher-grade portion. They show a generally good spatial correlation between the gold mineralization and the abundance of disseminated arsenopyrite, pyrite and pyrrhotite hosted in a silicified paragneiss that is observed in drill holes. At the La Pointe deposit, the mineralized zone has a strike length 950 m, a depth of 450 m with an estimated average true thickness of 35 m, up to 63 m in the central part of the deposit. At the La Pointe Extension deposit discovered in 2020, drilling confirmed the continuity of a mineralized zone with a strike length of 2,000 m. Within the mineralized zone, there is a sub-vertically dip higher-grade core with a strike length of 500 m strike, a depth of 600 m with an estimated average true thickness of 40 m, up to 75 m in the central part of The deposit. To date, a total of 47 holes (14,535 m) have intersected the La Pointe Extension deposit and The three of the most significant drill intersections are: Hole PT-20-151: 1.15 g/t Au over 80.1 m incl. 2.21 g/t Au over 24.85 m Hole PT-20-154: 1.14 g/t Au over 70.3 m incl. 2.74 g/t Au over 6.8 m Hole PT-21-177: 2.15 g/t Au across 42.2 m incl. 5.17 g/t Au over 14.50 m. Anuncio • Nov 17
Quebec Precious Metals Corporation Confirms Drill Targets on Lithium Discovery, Elmer East Project, James Bay, Quebec Quebec Precious Metals Corporation announced the identification of drill targets. at theinaaskumuwin spodumene discovery. Drill targets have been confirmed following the completion of the follow-up prospecting program in the discovery area combined with geological mapping and structural interpretation. The discovery area is easily accessible from the paved Billy Diamond highway located about 50 km north of the 'km 381' rest stop that can provide accommodation, catering, fuel and power. The lithium-bearing pegmatite body: is hosted in a metasedimentary unit comprised of sandstone, arenite and greywacke, which appears to have undergone ductile, polyphase deformation; has a length of 175 m, width of 42 m, and contains up to 15 - 20%, 3 - 55 cm-long, light-grey to light-green spodumene crystals, of varying grain size and orientation; is a shallowly dipping sill (rather than a steeply dipping dyke), with an estimated thickness of up to 5 m, but the true thickness remains unknown as the upper contact is above the current erosional level; is interpreted as forming in a late, extensional tectonic environment. The random orientation of spodumene crystals within the sill also supports the interpretation of an extensional regime. Extensional environments are favourable for forming stacks of sills (of varying dimensions), often connected by feeder dykes; has a mean orientation of 227 /32deg (average of contact and igneous banding measurements), and is interpreted to dip shallowly to the northwest under the marsh; remains untested at depth to the north and northwest of the outcrop, and untested near the surface and at depth, to the northeast; and can form significant open pit targets if they occur near surface due to the 'flat'/shallowly-dipping nature of sills (e.g., the Whabouchi lithium deposit near Nemaska, James Bay). On the basis of this interpretation, QPM intends to: perform a diamond drilling program that aims to test: 1) the down-dip extent of the sill under the marsh to the north and northeast of the discovery outcrop, and 2) the presence of potential stacked sills; and carry out geological mapping during next spring in and around the discovery outcrop and collect additional structure measurements. The first assay values from the prospecting campaign at Elmer East are expected towards the end of November. The field work and geological interpretation were performed by GeoVector Management Inc. with the assistance of ALS GoldSpot Discoveries Ltd. Anuncio • Oct 26
Quebec Precious Metals Announces Discovery of Spodumene At the Elmer East Project, James Bay, Quebec Quebec Precious Metals Corporation announced that, only five days into its prospecting campaign on its projects in the Eeyou-Istchee James Bay region of Quebec (1,298 claims covering 676 km2, 100% owned), it has discovered spodumene-bearing pegmatite mineralization at the Elmer East Project. The first assay values from the prospecting campaign at Elmer East are expected towards the end of November. QPM will continue the field work until weather conditions no longer allow it. The pegmatite outcrop with visible spodumene known as the Ninaaskumuwin Showing (East Cree word for thankful), has a surface area expression of approximately 170 m long by 40 m wide with an apparent thickness of 40 m. The pegmatite is open along the strike. The outcrop is well mineralized in spodumene in a highly fractionated pegmatite dyke with well-formed pale green spodumene crystals ranging in length from a few centimetres to 50 cm. The outcrop is about 1.3 km from the Billy Diamond Highway and about 45 km northwest Allkem Limited's James Bay project with a recently announced total mineral resource of 110.2 million tonnes at 1.3% Li 2O. The field work was performed by GeoVector Management Inc. with the guidance of ALS GoldSpot Discoveries Ltd. Anuncio • Oct 12
Quebec Precious Metals Starts Prospecting on High Priority Lithium Targets, James Bay, Quebec Quebec Precious Metals Corporation announced that it has started its prospecting program on high priority lithium targets at all its exploration projects (1,298 claims covering 676 km2, 100% owned) located in the Eeyou Istchee James Bay territory, Quebec. The prospecting work follows the identification of high priority targets as part of a study performed by ALS GoldSpot Discoveries Ltd. ("ALS GoldSpot"). This work includes sampling of all outcropping pegmatites located at a distance of approximately 8 km or more from Harfang Exploration Inc.'s discovery announced on September 13, 2023 of spodumene (lithium) in pegmatite dykes at Serpent-Radisson. The work is being carried out by an experienced team of professionals of GeoVector Management Inc, based in Nepean, Ontario and with the guidance of ALS GoldSpot. QPM is planning to collect several hundred samples on its projects. The drilling campaign for gold at Sakami is scheduled to begin in November. Normand Champigny, Eng., Chief Executive Officer of the Company, and Qualified Person under NI 43-101 on standards of disclosure for mineral projects, has prepared and reviewed the content of this press release. Anuncio • Aug 23
Quebec Precious Metals Corporation Identifies High Priority Lithium Targets on James Bay Projects Quebec Precious Metals Corporation announced that high priority lithium targets have been identified following a detailed lithium targeting study (the "Study") on all of its exploration projects (1,298 claims covering 676 km2, 100% owned) performed by ALS GoldSpot Discoveries Ltd. ("ALS GoldSpot"), located in the Eeyou Istchee James Bay territory in Quebec. The Study began in the spring. Target generation was undertaken by an exhaustive compilation, extraction and integration of geochemical, geophysical and geological data using geoscience expertise coupled with ALS GoldSpot's proprietary data analytics workflows. The high priority targets were generated using a total of 52,289 rock samples and 8,278 sediment (soil and till) samples. All pegmatite samples will be assayed with the analytical method ME-MS89L (+ME-MS81D for Al, Zr and Sc). Increased exposure to lithium In addition to the lithium targets identified on its own projects, QPM owns 12 million shares of Champion Electric Metals Inc. ("Champion Electric"). These shares are currently valued at approximately $1.4 M and were received following the acquisition by Champion Electric in 2022 of the Blanche and Charles project located nearriot Battery Metals' lithium discovery on its Corvette project. Champion Electric controls 1,036 claims covering 529 km2 in the lithium-rich James Bay region and is currently carrying out an extensive surface exploration program. Anuncio • Jul 29
Quebec Precious Metals Corporation Appoints Genevive Ayotte as Director Quebec Precious Metals Corporation announced that at its Annual shareholders meeting held on July 18, 2022, shareholders of the Company overwhelmingly approved the Election of Genevive Ayotte as director. Ms. Ayotte is a new member to QPM's Board of directors (the "Board") and has been appointed as Chair of the Audit and Risk Management Committee. She is a CPA and currently holds the position of Chief Financial Officer of Arianne Phosphate Inc. and is also a director of Kintavar Exploration Inc. Outside of Ms. Ayotte's accounting profession, she also serves as President of Women in Mining- Montreal. Since 2008, Ms. Ayotte developed extensive mining knowledge, specifically in public accounting at PricewaterhouseCoopers LLP. Ms. Ayotte is a member of the Certified Professional Accountants of Quebec and graduated from HEC Montral with a Bachelor's in Business Management and a D.E.S.S in public accounting (2008). New Risk • Jul 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). High level of non-cash earnings (453% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (€5.84m market cap, or US$6.56m). Minor Risk Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Anuncio • Jun 28
Quebec Precious Metals Corporation announced that it expects to receive CAD 1.79325 million in funding Quebec Precious Metals Corporation announced a non-brokered private placement of up to 7,050,000 common shares at a price of CAD 0.085 per hard share for proceeds of CAD 599,250, up to 4,000,000 flow-through common shares, at a price of CAD 0.15 per flow-through share for proceeds of CAD 600,000, and up to 3,712,500 charity flow-through common shares at a price of CAD 0.16 per charity flow-through common shares for proceeds of CAD 594,000, for aggregate gross proceeds of CAD 1,793,250 on June 27, 2023. All securities issued subject to a four-month hold period commencing on the closing date and subject to the final approval of the TSX Venture Exchange. In connection with the offering, the corporation may pay in respect of certain subscriptions a finders’ fee or commission paid in compliance with section 1.14 of Policy 4.1 as well as Policy 5.1 of the Exchange. Anuncio • May 27
Quebec Precious Metals Corporation, Annual General Meeting, Jul 18, 2023 Quebec Precious Metals Corporation, Annual General Meeting, Jul 18, 2023. Executive Departure • Jul 29
Independent Non-Executive Director Charles Main has left the company On the 22nd of July, Charles Main's tenure as Independent Non-Executive Director ended after 2.2 years in the role. As of March 2021, Charles still personally held only 300.00k shares (€38k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.08 years. Executive Departure • Jul 28
Independent Non-Executive Director Charles Main has left the company On the 22nd of July, Charles Main's tenure as Independent Non-Executive Director ended after 2.2 years in the role. As of March 2021, Charles still personally held only 300.00k shares (€38k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.08 years. Executive Departure • Jul 28
Independent Non-Executive Director Charles Main has left the company On the 22nd of July, Charles Main's tenure as Independent Non-Executive Director ended after 2.2 years in the role. As of March 2021, Charles still personally held only 300.00k shares (€38k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.08 years.