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North American Niobium and Critical Minerals Corp. Launches its C$2.69 Million District-Scale Fully-Funded Comprehensive 2026 Quebec Exploration Program Focused on Niobium and Rare Earth Elements Discoveries
Globenewswire· 2025-12-01 12:30
Core Viewpoint - North American Niobium and Critical Minerals Corp. is launching a fully-funded exploration program in 2026, focusing on its 29,936-hectare land package in Quebec, targeting niobium and rare earth elements to confirm and expand mineral resources [1][4][20]. Exploration Program Overview - The 2026 exploration program is structured in four stages: geophysics, surface geochemistry, bedrock sampling, and drilling, with a total budget of approximately $2.69 million [6][12][13]. - The drilling campaign will include 6,000 meters across multiple properties, with the largest allocation of $1.9 million dedicated to drilling costs [15][16]. Historical Assays and Comparisons - Historical assays from the company's properties show promising grades: 2.7% total rare earth oxides at Blanchette and 0.68% at Bardy, which are competitive with global producers [2][7]. - For niobium, the company's 0.32% Nb grab sample at Seigneurie is considered a strong early-stage indicator, aligning with grades from established niobium suppliers [3][4]. Importance of Niobium - Niobium is classified as a critical mineral by Canada and the U.S., essential for various high-tech applications, and its supply is heavily concentrated, raising national security concerns [18][19]. - Establishing a domestic source of niobium is crucial for North America's supply chain resilience, particularly for infrastructure and defense applications [18][19]. Quebec's Geological Potential - Quebec is recognized as a premier jurisdiction for critical mineral exploration, with significant geological potential and government support for mining activities [19][20]. - The Grenville Province is underexplored yet hosts major deposits, providing a favorable environment for advancing new discoveries in rare earth elements and niobium [19][20].
Quantum Joins the Critical Minerals Institute (CMI)
Thenewswire· 2025-10-31 13:00
Core Insights - Quantum Critical Metals Corp. has been approved as a member of the Critical Minerals Institute (CMI), enhancing its role in the North American critical minerals supply chain [1][2] - The partnership aims to support the clean energy transition, address supply chain vulnerabilities, and strengthen national security, aligning with Quantum's strategic goals [2] - CMI serves as a global think tank and industry hub, providing resources and insights for the critical mineral sector, and will host Quantum's CEO as a featured speaker at an upcoming summit [2][4] Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects essential for next-generation technologies [4] - The company has a diverse portfolio of assets, including projects in gallium, rubidium, cesium, antimony, and germanium, strategically positioned to support the transition to a sustainable critical metals supply [4] Industry Context - The Critical Minerals Institute (CMI) connects companies, capital markets, and policymakers, offering actionable intelligence on exploration finance and geopolitics [2] - CMI's initiatives reflect the growing importance of critical minerals in geopolitical power dynamics and supply chains, particularly in clean energy [2]
Future Fuels Announces $2.25 Million LIFE Flow-Through Offering
Accessnewswire· 2025-09-06 03:15
Company Update - Future Fuels Inc. intends to complete a non-brokered private placement for gross proceeds of up to C$2,250,000 from the sale of up to 3,000,000 "flow-through" units at a price of C$0.75 per unit [1] - Each "flow-through" unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at a price of $0.80 for a period of 24 months [2] - The LIFE Offering is expected to close on or about September 23, 2025, or within 45 days from the announcement date [2] Regulatory Compliance - The LIFE Offering is being made to purchasers in all provinces of Canada, except Quebec, under the Listed Issuer Financing Exemption [3] - The securities offered will not be subject to a hold period under applicable Canadian securities laws [3] Use of Proceeds - The gross proceeds from the LIFE Offering will be used to incur "Canadian exploration expenses" related to critical mineral mining expenditures on the Company's Canadian projects [4] Marketing Agreements - Future Fuels has renewed its engagement with MCS Market Communication Service GmbH for an additional 60 days, with a total fee of €155,000 plus a 16% agency fee [7] - The Company has also engaged Rumble Strip Media Inc. for a 35-day term starting September 15, 2025, for a total fee of C$250,000 [8] Company Profile - Future Fuels' principal asset is the Hornby Uranium Project, covering 3,407 km² in north-western Nunavut, with over 40 underexplored uranium showings [11] - The Company also holds the Covette Property in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares [11]