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Montreal, January 13, 2021 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to inform that it has received recently payments totaling $ 300,000 in connection with the monetization of two non-core assets as follows:
- Tansim lithium project – final payment of $250,000 in reference to the exercise of the second option by Sayona Mining Limited and Sayona QuĂ©bec Inc. (collectively, “Sayona Qc”) to acquire an additional undivided 50% interest in the project’s mining rights forming part of the project. Sayona Qc now owns 100% interest in the project. In addition, Sayona has granted to QPM a 2% Net Smelter Return royalty on all payable metals from the mining rights; and
- Vulcain nickel project – payment of $50,000 in reference to the option Agreement between Fjordland Exploration Inc. (“Fjordland”) and QPM to allow Fjordland to earn a 100% interest in the project’s mining rights. QPM has also been issued 1,000,000 Fjordland common shares as part of the transaction and Fjordland will need to incur $1,000,000 in exploration expenditures on the project over a period of five years.
Other non-core assets that the Company expects to monetize over the short and medium term are Kipawa (rare earths and including the Zeus claims), La Loutre (graphite), Matheson Joint Venture (gold, Ontario) and Somanike (nickel). Information on these non-core assets is available on the Company’s web site www.qpmcorp.ca.
About Quebec Precious Metals Corporation
QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the project to advance it to the mineral resource estimate stage.
For more information, please contact:
Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca
Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- April 03, 2024 Quebec Precious Metals and Harfang Exploration Jointly Identify High-Priority Gold and Lithium Drill Targets on their Sakami and Serpent-Radisson Projects, James Bay Region, Quebec
- February 29, 2024 Quebec Precious Metals Intersects 3.86 g/t Au over 8Â m and 2.37 g/t Au over 12.2Â m on its 100% owned Sakami Project
- January 18, 2024 Quebec Precious Metals Reports High-Grade Lithium up to 3.9% Li2O at Surface at the Drill-Ready Ninaaskumuwin Discovery, Situated along a 3.8 km-long, Highly Prospective pXRF Trend on its 100% Owned Elmer East Project, James Bay, Quebec
- January 16, 2024 Quebec Precious Metals summarizes 2023 progress and provides 2024 outlook
- December 19, 2023 Quebec Precious Metals Intersects Mineralized Zone at La Pointe Extension
- November 23, 2023 Quebec Precious Metals Drilling Higher Grade Mineralization at La Pointe Extension
- November 15, 2023 Quebec Precious Metals Confirms Drill Targets on Lithium Discovery, Elmer East Project, James Bay, Quebec
- November 07, 2023 Quebec Precious Metals Completes Lithium Prospecting Program, Expands Elmer East Project, James Bay, Quebec and Issues Shares in Payment of Debts and Deferred Share Units
- October 24, 2023 Quebec Precious Metals Announces the Discovery of Spodumene at the Elmer East Project, James Bay, Quebec
- October 11, 2023 Quebec Precious Metals Starts Prospecting on High Priority Lithium Targets, James Bay, Quebec
- September 20, 2023 Quebec Precious Metals Congratulates Harfang Exploration on its Spodumene Discovery near the Sakami Project, James Bay, Quebec
- August 22, 2023 Quebec Precious Metals Identifies High Priority Lithium Targets on James Bay Projects
- August 09, 2023 Quebec Precious Metals Grants Stock Options and Deferred Share Units, Issue Shares in Payment of Debts
- July 28, 2023 Quebec Precious Metals Closes Second and Final Tranche of $1.4 M Private Placement, Announces Results of Annual Shareholders Meeting, Appoints Geneviève Ayotte as director