MetalQuest Mining Welcomes Distinguished Global Steel & Mining Executive, Praveen Kumar Jha, as a Strategic Adviser for MQM and its Lac Otelnuk Iron Ore Project, Labrador Trough, Quebec

Core Insights - MQM has appointed Mr. Praveen Kumar Jha as a Strategic Adviser, bringing over 30 years of international leadership experience in the steel industry, which will enhance the company's ability to implement recommendations from AtkinsRealis [1][4] - Mr. Jha has a strong background in mining engineering and has successfully overseen significant investments, including a $1.5 billion project in the Labrador Trough, Quebec [2][3] - The company is focused on advancing its Lac Otelnuk Iron Ore Project and has established a partnership with AtkinsRealis for a comprehensive gap analysis of its 2015 feasibility study [6][7] Company Overview - MetalQuest Mining (MQM) owns 100% of the Lac Otelnuk Iron Ore Project, which is one of the largest iron ore projects in North America, located in Quebec's Labrador Trough [6] - The Quebec government has transferred all claims to MQM, and the company has invested over $120 million in the project to date [6] - MQM is working with the Naskapi First Nation of Kawawachikamach under an Exploration and Pre-Development Agreement established in November 2023 [6] Financial and Operational Highlights - The company has granted 1,200,000 incentive stock options to its directors, officers, and consultants at an exercise price of $0.15 per share for five years [5] - MQM also holds approximately 1.9 million shares and 2.5 million warrants of Canadian Copper (CCI), along with two NSR royalties totaling 1% in the Murray Brook PEA Stage Zinc-Polymetallic Deposit [8][9] - CCI is completing a Preliminary Economic Assessment (PEA) on the Murray Brook deposit, with a release expected in the first half of 2025 [9]