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Korea Zinc and Lockheed Martin Forge Strategic Partnership, Signing an MOU on Germanium Supply and Procurement Under the Shared Commitment of Establishing a Resilient Supply Chain
Prnewswire· 2025-08-26 08:56
Core Points - Korea Zinc signed a Memorandum of Understanding (MOU) with Lockheed Martin for the supply and procurement of germanium, aiming to establish a "China-free" critical minerals supply chain [1][4] - The MOU is significant as it represents the first successful collaboration between Korea and the U.S. in the field of critical rare metals [1][7] - The partnership is expected to enhance the stability of the supply chain for germanium, a crucial material for the defense and space industries [6][9] Company Overview - Korea Zinc is the world's largest zinc smelter and has been a key player in the production of strategic minerals, including antimony, indium, and bismuth [10] - The company plans to invest approximately KRW 140 billion in its Onsan Smelter to establish a new germanium plant, aiming to produce high-purity germanium dioxide by 2028 [9][11] - Lockheed Martin is the world's largest defense contractor, with a record order backlog of USD 176 billion as of the end of 2024 [5] Industry Context - Germanium is essential for various applications in the defense industry, including night-vision goggles and thermal imaging cameras, as well as in advanced technology fields [6] - As of 2021, China produced 68% of the global refined germanium output, highlighting the need for alternative supply chains amid resource weaponization trends [7][8] - The establishment of stable supply chains for critical minerals has become an urgent international priority due to growing concerns over resource concentration [8]
Quantum Expands Victory Antimony Property in Haida Gwaii, BC
Thenewswire· 2025-08-25 13:00
Vancouver, BC – TheNewswire - August 25, 2025 – Quantum Critical Metals Corp. (TSX.V: LEAP | OTCQB: ATOXF | FSE: 86A1) ("Quantum" or the "Company") is pleased to announce that it has submitted an application to increase the size of its Victory Antimony Property to a total 1,444 hectares, pending approval by B.C. Mineral Titles Online (Figure 1). The project is located on the west side of Graham Island in Haida Gwaii, British Columbia.Click Image To View Full SizeFigure 1 – Map of Victory Antimony PropertyA ...
Quantum Visits Babine Copper Projects, BC
Thenewswire· 2025-08-20 21:40
 Vancouver, BC – August 20, 2025 – TheNewswire - Quantum Critical Metals Corp. (TSX.V: LEAP | OTCQB: ATOXF | FSE: 86A1) ("Quantum" or the "Company") is pleased to announce that crews have been dispatched to complete site visits on its Babine copper projects north of Smithers, B.C. The objectives for the site visits are to establish access to the properties and to locate and verify previous Minfile showings while continuing geological mapping and undertaking grab samples where possible on the claims.Babine ...
Anomalous Rare Earth Elements in Smoky Quartz Samples within Quantum's Quest Property
Thenewswire· 2025-08-01 13:00
Core Insights - Quantum Critical Metals Corp. has completed additional research on its Quest critical mineral property in the Lake Chapiteau region of Québec, enhancing its strategic resource portfolio [1][2][18] - The property hosts critical and rare earth elements, with significant historical anomalous values reported for various elements [2][4] Company Developments - The company has staked an additional claim cell adjacent to its current one to expand exploration potential for rare earth elements [3] - An anomalous sample collected within the claim boundaries showed 20% Total Rare Earth Elements (TREE), with 8.7% being light rare earth elements (TLREE) and 11.3% being total heavy rare earth elements (THREE) [4] - The sample also contained notable amounts of gallium (226 gpt), germanium (78 gpt), and beryllium (15,060 gpt) [4] Industry Context - Recent geopolitical developments, including China's export restrictions on rare earth elements, have heightened concerns over supply chain security for critical minerals [7][16] - The U.S. and China reached a new trade framework to resume the supply of rare earth minerals, emphasizing the need for domestic development of rare earth mining and processing [9] - The demand for critical minerals, including gallium, is projected to grow due to their essential roles in modern technologies such as semiconductors and renewable energy [13][19]
Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters' Option
Newsfile· 2025-07-31 12:53
Core Viewpoint - Group Eleven Resources Corp. has successfully closed a private placement offering, raising gross proceeds of C$5,750,000 through the issuance of 17,968,750 common shares at a price of C$0.32 per share [1] Group 1: Offering Details - The offering was completed under an underwriting agreement with Cormark Securities Inc. and Beacon Securities Limited, including the full exercise of the underwriters' option [1] - The net proceeds will be used to expand the exploration drill program at Ballywire from approximately 5,000 meters to 25,000 meters, along with working capital and general corporate purposes [2] - The common shares were sold in Canada under the listed issuer financing exemption and the accredited investor exemption, with specific hold periods applicable [3] Group 2: Underwriters and Compensation - The company paid the underwriters a cash commission of C$314,550 and issued 887,812 compensation warrants, each exercisable at C$0.32 until July 31, 2027 [4] - Glencore Canada Corporation did not exercise its participation right in the offering, maintaining a 14.1% ownership interest in the company post-offering [5] Group 3: Insider Participation - A director of the company acquired 156,250 common shares in the offering, classified as a related party transaction [6] - The company relied on exemptions from formal valuation and minority approval requirements due to the transaction's market capitalization impact [6] - The common shares issued to the insider are subject to a hold period of four months under TSX Venture Exchange policies [7] Group 4: Company Overview - Group Eleven Resources Corp. is engaged in significant mineral exploration in the Republic of Ireland, with the Ballywire discovery showcasing high grades of various minerals [9] - Ballywire is located 20 km from the company's 77.64%-owned Stonepark zinc-lead deposit, adjacent to Glencore's Pallas Green zinc-lead deposit [10]
Germanium Mining Corp. Closes Non-Brokered Private Placement and Debt Settlement
Thenewswire· 2025-07-29 21:50
Core Viewpoint - Germanium Mining Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $175,000 through the issuance of 1,750,000 units at a price of $0.10 per unit, which includes common shares and warrants [1] Group 1: Private Placement Details - Each unit in the private placement consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at $0.12 for 24 months [1] - The company has settled $424,753 in accounts payable through the issuance of 4,247,533 common shares at $0.10 per share [1] Group 2: Regulatory Compliance - The company relied on an exception from the requirement to obtain shareholder approval for issuing more than 100% of its issued share capital on a fully diluted basis due to financial hardship and other conditions [2] - Independent Directors of the company determined that the offering is in the best interests of the company and that obtaining shareholder approval was not feasible [2] Group 3: Use of Proceeds - The net proceeds from the private placement will be allocated towards exploration activities and general corporate purposes, including arm's length payables [3] - All securities issued will be subject to a statutory hold period of four months and one day as required under applicable securities legislation [3]
Quantum Closes Private Placement
Thenewswire· 2025-07-18 13:00
Core Viewpoint - Quantum Critical Metals Corp. has successfully closed its final tranche of a non-brokered private placement financing, raising gross proceeds of $580,000.30 through the sale of 5,800,003 units at a price of $0.10 per unit [1][4]. Group 1: Offering Details - The total gross proceeds from the entire offering amounted to $2,009,100.30, with 20,091,003 units sold [4]. - The company paid finder's fees totaling $54,217 in cash and issued 541,170 broker warrants for subscriptions introduced by certain persons [4]. - The offering included participation from certain insiders, amounting to $165,000.30 from the issuance of 1,650,003 units [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to fund ongoing exploration activities on the company's properties in British Columbia and Quebec, as well as for general corporate purposes [2]. Group 3: Regulatory and Compliance - The closing of the offering is subject to final approval from the TSX Venture Exchange and customary conditions for private placements [3]. - All securities issued are subject to a statutory hold period of four months and one day, expiring on November 18, 2025 [3]. Group 4: Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various promising assets [8].
Quantum Closes Second Tranche of Private Placement
Thenewswire· 2025-07-16 00:40
Group 1 - Quantum Critical Metals Corp. has closed a second tranche of its non-brokered private placement financing, raising gross proceeds of $400,000 through the sale of 4,000,000 units at a price of $0.10 per unit [1] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire one share at a price of $0.20 until July 15, 2027 [1] - The company plans to use the net proceeds from the offering to fund exploration activities in British Columbia and Quebec, as well as for general corporate purposes [2] Group 2 - The closing of the offering is subject to final approval from the TSX Venture Exchange and other customary conditions for a private placement [3] - A final tranche is expected to close around July 17, 2025, with all securities issued subject to a statutory hold period expiring on November 16, 2025 [3] - The company paid finder's fees of $11,830 in cash and issued 118,300 broker warrants related to subscriptions from purchasers introduced by certain persons [4] Group 3 - Quantum Critical Metals Corp. is focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various projects in Quebec and British Columbia [7] - The company is strategically positioned to support the transition to a secure and sustainable critical minerals supply in the West [7]
Metallium (MTM Critical Metals) Upgraded to OTCQX Market
Prnewswire· 2025-07-10 13:31
Company Overview - MTM Critical Metals Ltd, soon to be renamed Metallium Ltd, has upgraded to the OTCQX® Best Market from the OTCQB® Venture Market, enhancing visibility and access for North American investors [1] - The company is focused on recovering critical and precious metals through a low-carbon, high-efficiency approach via its U.S. subsidiary, Flash Metals USA Inc [4] Strategic Developments - The upgrade to OTCQX is a significant step in the company's U.S.-focused strategy, allowing easier trading for U.S. shareholders and enabling shares to be purchased in U.S. dollars during local market hours [2] - The company is developing its first commercial Flash Joule Heating facility in Texas, targeting revenue from high-value materials such as gallium, germanium, rare earth elements, gold, and silver [2][5] Financial Position - The company recently completed a $50 million institutional capital raise to accelerate its commercialization efforts in the U.S. [3] - The upgrade to OTCQX will enhance the availability of the company's shares and expand Blue Sky compliance across multiple U.S. states [2] Technology and Operations - Flash Metals USA is commercializing the patented Flash Joule Heating (FJH) process, which is a selective thermal method for recovering metals without acids or smelting [5] - The first commercial plant in Texas is designed to recover various metals, including gallium, germanium, indium, gold, silver, and copper, aligning with U.S. industrial modernization efforts [5]
Quantum Closes First Tranche of Private Placement
Thenewswire· 2025-06-28 01:00
Core Points - Quantum Critical Metals Corp. has closed the first tranche of its non-brokered private placement financing, raising gross proceeds of $1,029,100 through the sale of 10,291,000 units at a price of $0.10 per unit [1] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of shares at $0.20 until June 27, 2027 [1] - The net proceeds will be used for exploration activities in British Columbia and Quebec, as well as for general corporate purposes [2] Group 1 - The closing of the offering is subject to final approval from the TSX Venture Exchange and other customary conditions [3] - A second and final tranche is expected to close around July 13, 2024, with securities issued subject to a four-month hold period expiring on October 28, 2025 [3] - Finder's fees included $42,387 in cash and 422,870 broker warrants for subscriptions introduced by certain persons [4] Group 2 - Certain insiders participated in this tranche, making it a "related party transaction" under Multilateral Instrument 61-101, exempt from formal valuation and minority shareholder approval [5] - Insiders contributed $100,000 in the first tranche through the issuance of 1,000,000 units [5] Group 3 - The company has a diverse portfolio of assets, including projects in gallium, rubidium, cesium, antimony, copper, and germanium, positioning it to support the transition to a sustainable critical minerals supply [8]