Announcement • 9h
Q2 Metals Corp. announced that it has received CAD 60.00275 million in funding On May 26, 2026, Q2 Metals Corp. has closed the transaction. The Common Shares and the FT Shares are subject to a hold period of four months and one day from the closing date of the Offering under applicable Canadian securities laws. The company issued 16,327,000 common shares of the company at a price of CAD 2.45 per common share for aggregate gross proceeds of CAD 40,001,150 and 5,556,000 flow-through shares at the price of CAD 3.60 per flow-through share for aggregate gross proceeds of $20,001,600 for total aggregates of CAD 60,002,750. Announcement • Apr 30
Q2 Metals Corp. announced that it expects to receive CAD 60.00275 million in funding from Canaccord Genuity Corp. Q2 Metals Corp. has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal private placement to issue 16,327,000 common shares of the company at a price of CAD 2.45 per common share for aggregate gross proceeds of CAD 40,001,150 and 5,556,000 flow-through shares at the price of CAD 3.60 per flow-through share for aggregate gross proceeds of $20,001,600 for total aggregates of CAD 60,002,750 on April 29, 2026. The company shall grant the underwriters an option to purchase up to an additional 4,082,000 common shares at the common share offering price for additional gross proceeds of up to CAD 10,000,900, exercisable at any time up to 48 hours prior to the closing of the offering. The offering is expected to close on or about May 26, 2026, or such other date as the company and Canaccord Genuity may agree and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the conditional approval of the TSX Venture Exchange. Announcement • Apr 22
Q2 Metals Corp Announces Inferred Mineral Resource Estimate on Cisco Lithium Project with 295 Million Tonnes Grading 1.36% Li2O Q2 Metals Corp. announced the inaugural Inferred Mineral Resource Estimate for the Company’s Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada. The Cisco Project is just 6.5 kilometres (“km”) from the paved, all-season Billy Diamond Highway, which leads to the railhead in the Town of Matagami, Quebec, approximately 150 km to the south. The Inferred Mineral Resource Estimate is 295 Mt at 1.36% Li2O (combined 0.4% and 0.7% Li2O cut-off grade for open-pit and underground). The geological model underpinning the Inferred Mineral Resource Estimate interprets a single continuous, principal spodumene pegmatite body ranging in true thickness from approximately 2 m to over approximately 450 m, extending over a strike length of 1.8 km, with multiple associated proximate structures. An Exploration Target estimating 44 to 67 Mt of mineralized material with a grade range between 0.88% to 1.35% Li2O has been prepared for the geology environment beyond the current Mineral Resource Estimate. The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43-101, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. The Exploration Target is exclusive of the Inferred Mineral Resource Estimate and only considers the immediate proximal area around the Cisco deposit, indicating significant opportunity for continued growth at the Cisco Lithium Project. The deposit area remains open in all directions and represents a small fraction of the overall 41,253 ha project area which remains highly prospective for additional discoveries. The Inferred Mineral Resource Estimate and Exploration Target were completed by BBA, independent consultant, based on all available drillhole data, up to and including drill holes completed during the winter 2026 drill program. The Mineral Resource Statement defines a pit constrained 270 million tonnes at 1.36% lithium oxide Inferred, at a cut-off grade of 0.4% Li2O, for a total of 9.1 Mt contained lithium carbonate equivalent. An additional underground constrained Mineral Resource Estimate of 24 million tonnes at 1.34% Li2O Inferred has been defined as well, at a cut-off grade of 0.7% Li2O, for total of 0.8 Mt contained lithium carbonate equivalent. The Mineral Resource Estimate was completed by external consultant BBA Inc. in collaboration with the Company’s technical team. Geological interpretation and domaining was carried out on all available drillhole data, up to and including drill holes completed during the winter 2026 drill program. Assays from 75 drillholes, representing 33,343 metres up to drillhole CS25-076 were used to inform the Mineral Resource Estimate. The geological model underpinning the Mineral Resource Estimate interprets a single, continuous, principal spodumene pegmatite body ranging in true thickness from approximately 2 m to approximately 450 m, extending over a strike length of approximately 1.8 km, with multiple associated proximate structures. The deposit's current dimensions are roughly 1,800 m in length by up to 1,020 m in width. Drilling has extended the deposit to over 600 m in depth and it remains open in all directions. The base case pitshell is 700 m x 660 m by 540 m in depth based on revenue factor 0.4, to limit the depth of the pit to around 500 m. Underground stope optimizer was completed on the remaining mineral resource material below the pit limits. An updated Exploration Target has been prepared on the Cisco deposit and immediate proximal area to provide a conceptual estimate of the potential quantity and grade of mineralized material, based on known and additional limited geological evidence. The 2026 Exploration Target estimates a range of potential mineralization from 44 to 67 million tonnes at a grade ranging from 0.88% to 1.35% Li2O. The potential quantity and grade of the 2026 Exploration Target on the Cisco Project are conceptual in nature. There has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43-101, and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. The 2026 Exploration Target is constrained to the area immediately surrounding the deposit and does not include prospective geology and targets that the Company has identified outside of the deposit area. The 2026 Exploration Target is based on BBA’s interpretation of the geology and mineralization data that has been compiled to date. BBA methodology included a complete review of the data and 3D modelling to create a conceptual volume of the pegmatite domains within the main mineralized zone. The pegmatite domains were interpreted where geological information was available with sufficient quantity and quality. To estimate a tonnage and grades range, the unclassified pegmatite within the mineral block model were evaluated. The implied tonnage and grade were then reduced by a factor (confidence factor) to account for the likelihood of being mineralized at a reasonable grade. The grade and tonnage were then further adjusted by an additional factor to be reported as ranges. The estimated tonnages are rounded to the nearest million tonnes and the grade rounded to the nearest 0.01% Li2O. 
