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Quantum Joins 47G Institute to Support Critical Mineral Initiatives
Thenewswire· 2025-09-12 13:00
Core Insights - Quantum Critical Metals Corp. has joined the 47G Institute to enhance North American critical materials supply chains in response to new U.S. defense sourcing regulations [1] - The partnership aligns with the U.S. law banning Chinese-sourced rare earth magnets in defense systems, effective January 1, 2027, prompting a shift in supply chain dynamics [1] - CEO Marcy Kiesman emphasizes the importance of collaboration and strategic partnerships to secure critical mineral resources for energy and security [1] Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects essential for next-generation technologies [2] - The company has a diverse portfolio, including projects in Québec and British Columbia, aimed at supporting a secure and sustainable critical metals supply for the West [2]
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].
Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East
Thenewswire· 2025-07-17 11:00
Core Insights - Melkior Resources Inc. has announced positive results from its winter drilling program at the Beschefer East Project, indicating significant exploration potential in a previously unexplored area [3][4] - The company has entered into an option agreement with SOQUEM Inc. to earn 100% ownership of the Beschefer East Project over three years [1][6] Drilling Program Details - The winter drilling program consisted of six holes totaling 1,050 meters, targeting previously untested areas of the property with each hole having a nominal depth of 175 meters [3][4] - Drilling intersected altered felsic intrusions, felsic volcanics, and minor tuffs, with mineralized intersections localized at or near the contact of mafic and felsic volcanics along the Beschefer Trend [4] Anomaly Identification - A bio-geochemical sampling program collected 1,780 samples, identifying five distinct gold-polymetallic anomaly targets with elevated concentrations of copper, lead, and zinc [5] - The recent drilling represents one of these anomaly areas, which will be reviewed for follow-up work due to its coincidence with geophysical ground IP-EM conductors [5] Project Background - The Beschefer East Project covers 2,906 hectares and contains significant gold and polymetallic potential, with geological similarities to Abitibi Metals' B26 deposit [6] - Historical drilling in the adjacent Beschefer Project has identified high-grade gold zones, indicating the area's potential [7] Initial Drill Results - The initial drill results include significant intercepts such as 5.1 g/t gold, 0.96% copper, and 0.68% zinc over 0.9 meters, confirming an 800-meter copper-gold mineralized horizon [9] - These results suggest the need for more targeted drilling to evaluate the expansion potential of this new target [9] Technical Information - All drill cores were analyzed using standard fire assay procedures, with quality assurance measures in place [16] - The technical information has been reviewed and approved by a qualified person, ensuring compliance with industry standards [17]