Tillkännagivande • 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. Tillkännagivande • 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 22
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 (24% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.14m market cap, or US$3.05m). Minor Risk Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Tillkännagivande • 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. New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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 (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.26m market cap, or US$3.15m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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). Tillkännagivande • 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. New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$2.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.51m market cap, or US$5.69m). Tillkännagivande • May 27
Quebec Precious Metals Corporation, Annual General Meeting, Jul 18, 2023 Quebec Precious Metals Corporation, Annual General Meeting, Jul 18, 2023. Tillkännagivande • Oct 13
Quebec Precious Metals Corporation Announces Board Changes Quebec Precious Metals Corporation announced that at its Annual shareholders meeting (the "Meeting") held on October 11, 2022. Following the Meeting, QPM's Board of directors appointed James Shannon, as Chair of the Board. The company thank John W.W. Hick who acted as Chair of Board. He made a huge contribution since the creation of the Corporation in 2018. Tillkännagivande • Jul 23
Quebec Precious Metals Corporation Announces Director Changes Quebec Precious Metals Corporation announced that three incumbent directors, Mario Caron, Dominique Dionne and Paola Farnesi, are stepping down from the board of directors, effective immediately. QPM also announced the appointment of Wanda Cutler and James Shannon as directors effective July 22, 2022. Ms. Cutler currently holds the position of President of Cutler McCarthy, a strategic communications firm and Head of Investors Relations at Amex Exploration Inc. Ms. Cutler is also on the board of various mining companies including TomaGold Corporation and Vanstar Mining Resources. She has worked with reporting issuers for more than 20 years in marketing and communications. She has acted as a strategic advisor to a number of public companies including multiple junior mining companies, investment companies and alternative energy companies. Ms. Cutler has a Bachelor of Social Science, Political Science from the University of Ottawa. Mr. Shannon, M.Eng, MBA, CIM is a registered portfolio manager with over twenty years of experience in finance, engineering and infrastructure development. Mr. Shannon worked for over ten years for investment dealers in Canada in the financing of energy, mining and infrastructure projects for publicly traded companies. In addition, Mr. Shannon has worked for over seven years as a portfolio manager in alternative investments for institutional and private wealth interests. Mr. Shannon has a BSc. in Civil Engineering from the University of Waterloo, an M.Eng. from McGill University and an MBA from the Ivey School of Business. Tillkännagivande • Jun 15
Quebec Precious Metals Corporation, Annual General Meeting, Jul 28, 2022 Quebec Precious Metals Corporation, Annual General Meeting, Jul 28, 2022. Tillkännagivande • May 28
Quebec Precious Metals Corporation Announces Drill Hole Assay Results from Drill Hole 189 and Six Drill Holes from 2022 Winter Program Quebec Precious Metals Corporation announced drill hole assay results from drill hole 189 and the six drill holes from the 2022 winter program (7 holes, totaling 2,982 m). The results demonstrate the depth and strike extension of higher gold mineralization for an additional 200 m at the La Pointe Extension gold deposit, on the Company's 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. Highlights: All seven holes have intersected extensive mineralization over wide intervals. The three most significant drill intersections are: Hole PT-21-190: 1.61 g/t Au over 19.5 m including 4.91 g/t Au over 1.5 m. Hole PT-21-191: 0.84 g/t Au over 63.0 m including 1.25 g/t Au over 18.0 m. Hole PT-21-194: 0.94 g/t Au over 26.9 m including 1.77 g/t Au over 9.0 m. These holes confirm the continuity of the sub-vertically dipping higher-grade core of the deposit (500 m strike length, 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, and plunging about 45 degrees to the northeast) which could be amenable to open pit mining. The 2021 fall and 2022 winter drilling aimed to expand the La Pointe Extension deposit that could be amenable to open pit mining. To date, a total of 47 holes (14,535 m) have intersected the La Pointe Extension deposit. The La Pointe Extension deposit and the La Pointe deposit are part of the Sakami project located along a 23-kilometre-long favorable 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. Quality Assurance/Quality Control: The drilling contract was awarded to Orbit Garant Drilling Inc., based in Val-d'Or, Quebec. The hole diameter is NQ. Quality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were regularly inserted into the sample stream. The samples were delivered, in secure tagged bags, directly to the ALS Minerals laboratory facility in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au. Tillkännagivande • Feb 25
Quebec Precious Metals Corporation Reports Results from a New Induced Polarization Survey on its 100% Owned Sakami Project Quebec Precious Metals Corporation reported the results from a new induced polarization survey on the Company's 100% owned Sakami project. The 2021 IP (92 line-km) outlined new drilling targets along strike and south of the La Pointe Extension deposit. Drill targets are outlined by the integration of the 2021 IP results with historical IP survey results, high-resolution heliborne magnetic data and interpreted structural features. There is a good spatial correlation between the known gold mineralization on surface and in drill holes and the IP anomalies at the La Pointe and La Pointe Extension deposits. This correlation assists management in identifying high priority targets over the 2021 area south of the La Pointe Extension deposit. The Company earlier had defined the La Pointe Extension deposit over a strike length of 3,750 m and to a minimum depth of 400 m with an estimated true thickness of 39 m up to 75 m in the central part of the deposit. As a result of the 2021 IP, additional drill targets have been identified along strike of the deposit and QPM plans to test them in 2022. Tillkännagivande • Feb 16
Quebec Precious Metals Corporation Reports Preliminary Test Results from Six (6) Representative Samples from the La Pointe and La Pointe Extension Deposits on the Company's 100% Owned Sakami Project in the Eeyou Istchee James Bay Territory of Quebec Quebec Precious Metals Corporation reported preliminary test results from six (6) representative samples from the La Pointe and La Pointe Extension deposits on the Company's 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. The metallurgical testing program was performed at the Centre technologies des résidus industriels (CTRI), based in Rouyn-Noranda, under the supervision of Soutex inc. ("Soutex"). The program's objective was to deliver preliminary metallurgical data to support the preparation of a mineral resource estimate. The tests included quantitative mineralogical analysis, grindability tests (to determine grinding power requirements) and cyanidation tests at two (2) grinding levels with P80 of 75 and 40 µm. A total of 187 core holes (53,861 m) have been drilled at the La Pointe and La Pointe Extension deposits. QPM is currently drilling to expand the La Pointe Extension deposit in preparation for a mineral resource estimate. The La Pointe deposit has been defined over a strike length of 950 m and to a minimum depth of 700 m with an estimated true thickness of 35 m in the main portion of the deposit. The La Pointe Extension deposit has been defined over a strike length of 3,750 m and to a minimum depth of 400 m with an estimated true thickness of 39 m in the central part of the deposit. The central part of the deposit shows an average true thickness of 39 m and up to 75 metres. Six (6) drill hole composite samples taken from the La Pointe and La Pointe Extension deposits were prepared. The samples assayed head grades ranging from 1.0 to 3.6 g/t Au. The samples are considered spatially representative of the deposits and the geological character of the mineralization. A quantitative scan mineralogical analysis (QEMSCAN) has been conducted on each sample to measure their sulphide minerals content, with results ranging from 1.9 to 3.4%. The primary sulphides present are pyrite, pyrrhotite and arsenopyrite. The concentration levels of these samples are not significant enough to impact the cyanidation process. The other main constituents are quartz and feldspar. The grinding Bond work index was determined from the samples. The values vary from 9.1 to 11.1 kWh/t. These values are considered as medium, meaning that energy required for grinding will be in the medium range compared to other ores of similar type. The cyanidation results show that recoveries significantly improve with a decrease in particle size P80 from 75 to 40 µm, with the recovery gain outweighing the expected additional grinding cost. The sodium cyanide consumption is low at about 0.4 kg/t after 36 hours, and the hydrated lime consumption is at 2 kg/t. The leaching time of 36 hours is sufficient to obtain maximum recovery. The gold dissolution rate for a P80 of 40 µm on two samples higher in arsenic was at 91% while varying from 95 and 99% for the other samples. Additional testing has been performed to evaluate the gold deportment, such as the diagnostic leach test. The results show no potential metallurgical improvement using flotation or gravimetric process in complement to cyanidation. The test results demonstrate that the best extraction option is a conventional milling flowsheet consisting of crushing, grinding and gold leaching. The sulphur content ranges from 1 to 2%, and the types of sulphide minerals are not harmful to the cyanidation process. There is a lack of deleterious components other than sulphides. The Project provides the Company with a controlling position over a 23-kilometre-long segment of a favourable geological contact and comprises 281 claims (142 km2). It is located 570 km north of Val d'Or, Quebec, 120 km east of the municipality of Wemindji, 90 km from the Éléonore gold mine and 47 km northeast of the paved James Bay Road. Good infrastructure, including major access roads, a hydro-powered electric grid and airports, are present in the region. Drilling can be carried out throughout the year. The metallurgical test results were reviewed by Pierre Roy, P.Eng. specialist in mineral processing for Soutex inc. and Qualified Person under NI 43-101. 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 approved the technical content of this release. Tillkännagivande • Sep 09
Quebec Precious Metals Corporation Reports the Grab Sampling Results from Its Lloyd Discovery Located on 100%-Owned Elmer East Project in Quebec's Eeyou Istchee James Bay Territory Quebec Precious Metals Corporation announced to report the grab sampling results from its Lloyd discovery located on its 100%-owned Elmer East Project (the ‘Project’) in Quebec's Eeyou Istchee James Bay territory. A total of 153 grab samples were collected during the 2021 summer field program on the Project. This work was carried out with the participation of GoldSpot Discoveries Corp. following its gold targeting analysis in 2020 on the Project, and under the supervision of QPM. The recent surface sampling work expands the mineralized corridor identified in 2020 from 60 m to 4.2 km. The mineralized rocks consist of a 1 to 2 m wide SW-NE trending and shallow-dipping, hematized, quartz±epidote- carbonate veins with open spaces crystallization and various amounts of sulphide minerals (galena, sphalerite, chalcopyrite and pyrite). Grab samples taken from veins returned gold values up to 68.1 g/t Au. Mineralization is hosted in a chloritized wacke near the contact with a polymictic conglomerate of the Wabamisk Formation. The next phase of field work to be performed during September will be: · Collection of orthophoto and LiDAR data by helicopter over a surface area of 4.8 km2; Characterization of the veins, including structures and mineralogy to better understand the mineralized systems of the discovery areas; and Channel sampling of the new high grade discoveries. In addition to these encouraging results at the Lloyd's discovery area, a new discovery denoted as Georgekish, a grab sample returned 61.8 g/t Au and 35.8 g/t Ag in the north-central claim block of the Elmer East Project. It consists of a deformed oxidized quartz vein (folded and dismembered) hosted in high strained chlorite altered conglomerates with disseminated pyrite and proximal to a gabbro dyke. This high-grade sample was collected within an interpreted NW- trending shear corridor, about 100 m to the SE of a 3.7 g/t Au grab sample collected during the 2020 summer. These two high values highlight the potential of other discoveries along the interpreted NW-trending structure. Further field validation will be performed in this area. The Elmer East project consists of 929 claims (488 km2). It is to be noted that grab samples are selected samples and are not representative of the mineralization hosted on the Project. Access to the Project is facilitated by the quality infrastructure of the James Bay region. Grab sample positions were recorded with a high-precision GPS. Quality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the channel samples. Standards and blanks were inserted regularly into the sample stream. The samples were delivered, in secure tagged bags, directly to the ALS Minerals laboratory facility in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au. Samples were also tested for 48 elements using four- acid digestion ICP-MS (MS-ME 61). 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 300.00k shares (CA$65k 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 300.00k shares (CA$65k 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 300.00k shares (CA$65k 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. Tillkännagivande • Jun 10
Quebec Precious Metals Corporation Reports the Drill Results from the 2021 Winter Program Quebec Precious Metals Corporation reported the drill results from the 2021 winter program (7 holes, 2,079 m) for its 100% owned Sakami Project (the "Project") in Quebec's Eeyou Istchee James Bay territory. The fully-funded summer program has started and is designed to expand the mineralized zone at La Pointe Extension with 12,000 m of drilling in (40+ holes). Two holes (PT-21-177, -182) have intersected mineralization over wide intervals (silicified paragneiss with disseminated pyrite and arsenopyrite),- 1.83 g/t Au over 58.6 m including 2.40 g/t Au over 30.9 m; and - 2.15 g/t Au over 42.2 m including 5.17 g/t Au over 14.5 m. Three holes (PT-21-177, -178, -182) have reported high-grade intervals (> 10 g/t Au over at least 1 m). The La Pointe Extension deposit, has a strike length of 3,500 m, a minimum depth of 400 m and an average estimated true thickness of 40 m (and up to 101 m), on the basis of the 35 holes drilled to date. Tillkännagivande • Jun 02
Quebec Precious Metals Corporation Starts Summer Field Program Quebec Precious Metals Corporation announced that it has completed the winter phase of the 2021 exploration work program (7 holes, 2,079 m). Assay results are being reviewed and will be released shortly. These results will be used to guide the summer field program. The program comprises an additional 12,000 m of drilling in 40+ holes. With the recently completed financing of $3.25M, the Company is fully funded to execute the 2021 program. Tillkännagivande • May 19
Quebec Precious Metals Corporation announced that it has received CAD 3.250399 million in funding from Desjardins Capital, Societe de Developpement de la Baie James, CDPQ Sodémex Inc., SIDEX L.L.P., and other investors On May 18, 2021, Quebec Precious Metals Corporation (TSXV:QPM) closed the transaction. The company amended the terms of the transaction, and issued 100,000 shares for proceeds of CAD 22,000 in its third tranche closing, bringing the total gross proceeds raised in the transaction to CAD 3,250,399 through the issuance of 14,774,543 shares. In connection with the third tranche, the company paid finders fees of CAD 1,760 to eligible finders, and issued 8,000 non-transferable compensation warrants, with each such warrant being exercisable at a price of CAD 0.30 per share for a period of 24 months. The transaction is subject to the acceptance of the TSX Venture Exchange. Tillkännagivande • May 06
Quebec Precious Metals Corporation announced that it has received CAD 3.228399 million in funding from Desjardins Capital, Societe de Developpement de la Baie James, CDPQ Sodémex Inc., SIDEX L.L.P. and other investors On May 5, 2021, Quebec Precious Metals Corporation (TSXV:QPM) closed the transaction. The company issued 2,700,000 common shares at a price of CAD 0.22 per share for proceeds of CAD 594,000 in its second and final tranche. The company raised CAD 3,228,000 in the transaction. The round was oversubscribed. The round included participation from a director of the company for CAD 22,000. Finders fees totaling CAD 47,520 have been paid to third parties dealing at arm’s length. In addition, the finders received 216,000 non-transferable compensation warrants, with each such warrant being exercisable at a price of CAD 0.30 per common share of the company for a period of 24 months from the closing of the second tranche of transaction. The transaction is subject to the acceptance of the TSX Venture Exchange. Tillkännagivande • Apr 16
Quebec Precious Metals Corporation announced that it expects to receive CAD 1.5004 million in funding Quebec Precious Metals Corporation (TSXV:QPM) announced a private placement on a best-efforts basis for 6,820,000 common shares at a price of CAD 0.22 per share for gross proceeds of CAD 1,500,400 on April 14, 2021. The company may pay certain subscribers a finder's fees of 8% of the gross proceeds and will issue non-transferable compensation warrants which is equal to 8% of the number of common shares issued. All securities issued in the transaction have a hold period of four month. The transaction is expected to close on or about April 30, 2021. The transaction is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals, including the acceptance of the TSX Venture Exchange. Tillkännagivande • Mar 05
Quebec Precious Metals Announces Start of Drilling At Sakami and Retains Services of Hinge Markets Inc Quebec Precious Metals Corporation announced that drilling is underway at its flagship Sakami project in Quebec's Eeyou Istchee James Bay territory. Based on the drill 2020 results, the 2021 program has been designed to expand the La Pointe deposit and the La Pointe Extension discovery along strike. The Company is also pleased to announce that it has retained the services of Hinge Markets Inc. ("Hinge Markets") of Toronto, Canada to provide investor relations and capital markets advisory services to the Company. Hinge Markets, led by Mr. Jeffrey White, will initiate and maintain contact with the financial community including shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Mr. White will also coordinate the Company's investor relations initiatives, including its participation in investment conferences, planning and organization of investor events, and assist in the dissemination of Company news and information to Company stakeholders. His role at the Company will also focus on fostering productive, continuing dialogues with analysts, investment dealers, financial advisors and other investment professionals. Founded by Jeffrey White, Hinge Markets is an advisory and investor relations firm focused on providing capital markets and strategy consulting services to small and medium sized businesses. With over 20 years of capital markets experience, Mr. White's areas of expertise include capital structure optimization, evaluation of fundraising alternatives, strategic investor alignment, business development through a broad network of senior executives in virtually all Canadian industry sectors, and effective corporate communication. Mr. White also has extensive familiarity with the Canadian securities regulatory framework including listing and disclosure requirements. The agreement has an initial term of 8 months, for which Hinge Markets will be paid a monthly fee of $8,000 and will be granted an option to acquire 200,000 common shares of the Company at a price of $0.29 per share. The options have a two-year term and will vest immediately, in accordance with the Company's stock option plan and Policy 3.4 of the TSX-V. This investor relations agreement as well as the professional engagement fees and granting of stock options is subject to TSX Venture Exchange approval. Is New 90 Day High Low • Feb 15
New 90-day high: CA$0.29 The company is up 38% from its price of CA$0.21 on 16 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. Tillkännagivande • Jan 22
Quebec Precious Metals Corporation Reports the Channel Sampling Results from Its Lloyd Discovery Located on Its 100%-Owned Elmer East Project in Quebec's Eeyou Istchee James Bay Territory Quebec Precious Metals Corporation reported the channel sampling results from its Lloyd discovery located on its 100%-owned Elmer East Project (the "Project") in Quebec's Eeyou Istchee James Bay territory. A total of 11 channels and 57 samples were collected during the 2020 fall field program on the Project. Prospecting work was carried out with the participation of GoldSpot Discoveries Corp. and QPM staff. The Lloyd discovery consists of a 1 to 2 m wide SW-NE shallow dipping oxidized quartz vein with various amounts of sulphides (galena, sphalerite and chalcopyrite) over a distance of approximately 60 metres. Channel samples were taken from the vein, returning gold values up to 5.78 g/t Au. The Elmer East project consists of 929 claims (488 km2). It is to be noted that grab samples are selected samples and are not representative of the mineralization hosted on the Project. Access to the project is facilitated by the quality infrastructure of the James Bay region. Is New 90 Day High Low • Jan 06
New 90-day high: CA$0.24 The company is up 12% from its price of CA$0.21 on 07 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Tillkännagivande • Dec 17
Quebec Precious Metals Corporation Provides Drill Results Quebec Precious Metals Corporation provided four additional drill results from the 19-hole summer and fall diamond drilling program at La Pointe Extension on the Sakami Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory. The program aimed to expand and define the 600 m strike length of mineralization discovered during the 2020 winter campaign at la Pointe Extension. A total of 4,912 m in 19 holes were completed during this campaign. Results from five holes are pending. A new high grade zone was intersected in hole PT-20-173 located 110 m northwest of the interpreted La Pointe Extension discovery. The zone is in a metric-size felsic intrusive dyke hosted in amphibolite. The gold-bearing rock contains traces of pyrite and molybdenite with moderate silica and sericite alteration. The continuity of this mineralization remains unknown and will be investigated in 2021. The La Pointe deposit and the new La Pointe Extension discovery are part of a larger 2- kilometre- long mineralized trend on the Project striking SSW-NNE. This discovery has potential kilometre- scale extensions that have been subject to very limited surface exploration and no drilling before 2020. Tillkännagivande • Oct 16
Quebec Precious Metals Corporation Provides Update on its Exploration Programs in the Quebec’s Eeyou Istchee James Bay Territory Quebec Precious Metals Corporation provided an update on its exploration programs in the Quebec’s Eeyou Istchee James Bay territory. The main focus was to carry out a drilling program to advance the Sakami gold project to the resource estimate stage by the end of the year. Surface exploration work was also carried out to provide an initial assessment of exploration targets on the Company’s Elmer East project. The company has completed 12,500 metres of drilling this year and expanded considerably the exploration potential of the Sakami project with the discovery of the La Pointe Extension. In addition, the company has made an early stage gold and base metals discovery on the Elmer East project. Exploration efforts in 2021 will be centered on these two projects. The remainder of the 2020 program will consist of: Preparation of an updated geological model in light of the drilling results from the La Pointe Extension drilling during the fall; Evaluation of the channel sampling program recently completed at the Lloyd discovery on the Elmer East project; and Planning exploration programs on the Company’s projects on the Eeyou Istchee James Bay territory for the entire 2021 and drilling programs on the Sakami project at the beginning of the upcoming winter. Tillkännagivande • Sep 29
UrbanGold Minerals Inc. (TSXV:UGM) acquired Chemin Troilus Property from Quebec Precious Metals Corporation (TSXV:CJC) for CAD 0.21 million. UrbanGold Minerals Inc. (TSXV:UGM) entered into a definitive agreement to acquire Chemin Troilus Property from Quebec Precious Metals Corporation (TSXV:CJC) for CAD 0.21 million on May 21, 2020. As consideration for the acquisition of the property, the company is issuing 800,000 common shares, making a one-time cash payment of CAD 0.1 million and assuming the pre-existing 2% net smelter return royalty. The acquisition is subject to regulatory approvals, including approval by the TSX Venture Exchange.
UrbanGold Minerals Inc. (TSXV:UGM) completed the acquisition of Chemin Troilus Property from Quebec Precious Metals Corporation (TSXV:CJC) on May 21, 2020. Is New 90 Day High Low • Sep 25
New 90-day low: CA$0.24 The company is down 9.0% from its price of CA$0.27 on 26 June 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. Tillkännagivande • Sep 18
Quebec Precious Metals Expands La Pointe Extension Discovery over 2 Km Quebec Precious Metals Corporation reported the results of an induced polarization geophysical survey conducted this summer to the southwest of the La Pointe Extension discovery on the 100% owned Sakami Project in Quebec's Eeyou Istchee James Bay territory in Quebec. Highlights are as follows: moderate to strong IP anomalies over a distance of more than 2 km; 800 m long extension of the interpreted axis of the anomalies to the northwest; and new anomalies located SE and NW of the La Pointe Extension area that will be tested during the drilling campaign. These anomalies are: new drill targets spatially correlated with strong gold and arsenic soil geochemical anomalies, high-grade mineralized outcrops and recently disclosed mineralized drillhole intersections; sub-cropping, continuous at depth and dip steeply to the southeast; and represented by resistivity lows and chargeability highs. The IP survey totaling 30.0 line-km and covering an area more than 1 km laterally was completed along lines varying from 850 to 1,350 m with a spacing of 100 m and was carried out by TMC Geophysics, based in Val d'Or, Quebec. The interpretation of the results was reviewed by Inter Géophyique Inc., based in Rosemere. A 7,000 m drilling campaign is underway to better define the exploration potential of this discovery. Assaying is pending from 4 drill holes completed at the La Pointe Extension and 6 drill holes completed at the Simon area during the winter drilling program. The La Pointe deposit and the new La Pointe Extension discovery are part of a larger 2-kilometer- long mineralized trend on the Project striking SSW-NNE. This discovery has potential kilometer-scale extensions that have been subject to very limited surface exploration and no drilling. The Project provides the Company with a controlling position over a 23-kilometer-long segment of a favorable geological contact and comprises of 259 claims (131.1 km 2). It is located 570 km north of Val-d'Or, 120 km east of the municipality of Wemindji, 90 km from the Éléonore gold mine and 47 km northeast of the paved James Bay Road. Good infrastructure is present including major access roads, a hydro-power grid and airports. Drilling can be carried out throughout the year. 