Quebec Nickel Corp. Announces Letter of Intent to Acquire the Ecru Property, Nevada

Core Viewpoint - Québec Nickel Corp. has entered into a non-binding letter of intent to acquire a 100% interest in the Ecru Property, located in a prolific gold district in Nevada, for a total consideration of $505,000 [1][3]. Acquisition Details - The Ecru Property consists of 112 mining lode claims and is situated north of a significant gold deposit cluster [2]. - The acquisition will involve a payment structure that includes $250,000 in cash, $130,000 in common shares issued at $0.125 per share, and $125,000 in common shares to be issued within six months at the 10-day VWAP [18]. Financial Aspects - Québec Nickel has paid a non-refundable commitment fee of $25,000 for a 60-day exclusivity period, which will be credited against the purchase price upon completion [4]. - The company plans to complete a non-brokered private placement for up to $500,000, with proceeds intended for general working capital [10]. Strategic Intent - The acquisition aligns with Québec Nickel's strategy of acquiring high-quality mineral assets in established mining jurisdictions [6]. - The company aims to advance the Ecru Property through systematic technical review and disciplined exploration planning, including the preparation of a NI 43-101 compliant technical report [6]. Property Overview - The Ecru Property is located within the Cortez Gold Camp, adjacent to Nevada Gold Mines' Robertson Deposit, and is associated with significant gold endowment [7]. - Historical exploration activities have identified multiple untested targets, indicating high potential for gold mineralization [8]. Management Changes - Mr. Johan Lambrechts has been appointed to the Board of Directors, bringing over 20 years of experience in exploration and resource development [9][10].