Core Message - MetalQuest Mining Inc. (MQM) outlines its achievements in 2025 and strategic priorities for 2026, focusing on advancing its key projects and enhancing shareholder value [3][16]. Group 1: 2025 Achievements - The company executed a solid operational plan, particularly at the Lac Otelnuk Iron Project, which is one of North America's largest undeveloped high-purity iron projects [3]. - MQM completed the acquisition of the ROF-1 Project in Ontario, expanding its presence in a critical minerals district with a land package of approximately 20,800 hectares [4]. - Significant investor engagement occurred throughout 2025, with the company's share price appreciating several hundred percent at various points during the year, reflecting improved visibility and interest in its strategy [13]. Group 2: 2026 Strategic Priorities - The company plans to advance the Lac Otelnuk and Superior Iron projects in a disciplined manner while pursuing partnerships to accelerate value creation [16]. - A comprehensive Gap Analysis of the historic 2015 feasibility study for the Lac Otelnuk project is expected to be announced by the end of January 2026 [9]. - Initial work at the Superior Iron Project will include systematic ground truthing and environmental baseline studies, scheduled to commence in Winter/Spring 2026 [41]. Group 3: Financial Developments - As of December 30, 2025, MQM raised approximately $2,149,940 through financing activities, with plans for additional financing to support ongoing projects [12][11]. - The first tranche of a non-brokered private placement financing was completed, raising gross proceeds of $946,780.20 from flow-through units and $686,160.80 from non-flow-through units [25][26]. Group 4: Indigenous Engagement and ESG Commitment - The company emphasizes meaningful engagement with Indigenous communities, particularly in the Lac Otelnuk and Superior Iron projects, to build long-term relationships based on collaboration [15]. - MQM published its ESG/Sustainability reporting, reinforcing its commitment to responsible development and transparency [14].

Company Overview - Quest Resource Holding Corporation (QRHC) is a national provider of waste & recycling solutions to large businesses [1,8] - The company serves a $200B+ North American waste and recycling industry [10] - Quest offers expertise with 130+ waste streams and has a nationwide footprint, delivering services in every zip code in the U S [10] - The company focuses on large clients with complex waste streams, including Fortune 1000 businesses [11,13] Financial Performance - The company has experienced ~20% CAGR in Gross Profit dollars from 2016 to 2024 [14] - Quest's revenue for the trailing twelve months (TTM) ending in Q3 2025 was $261.281 million [10,17] - Gross profit for the same period was $44.162 million [17] - Adjusted EBITDA for TTM 3Q25 was $8.853 million, representing a 3.4% margin [17,78] Business Strategy - Quest employs an asset-light model, differentiating itself from asset-based integrated majors and fragmented players [34,32,36] - The company's platform delivers nationwide waste and recycling services, regulatory compliance, and comprehensive data reporting [24] - Quest aims to improve clients' sustainability, reduce waste footprint, and improve efficiencies & cost control [24]