Lithium Potential

QPM’s land position and the location of high priority targets located near advanced projects and recent significant lithium discoveries.
  • Detailed lithium targeting completed by ALS GoldSpot Discoveries Ltd.
  • High priority target areas totaling 125 km2 identified with pegmatite rocks on all projects.
  • Follow up field program to sample pegmatites on high priority targets.
  • Target areas are highly prospective for lithium and are located near advanced projects and recent significant lithium discoveries.

High priority lithium targets have been identified following a detailed lithium targeting study on all exploration projects.

Target areas sampling aims to demonstrate the lithium potential of QPM’s projects in a district that has some of the largest spodumene pegmatite resources in the world.

Exposure to Lithium

  • In 2022, Champion Electric Metals (CSE:ITKO) acquired 100% of the Blanche and Charles lithium pegmatite prospects in the Eeyou Istchee James Bay territory of Quebec from QPM.
  • In return, QPM obtained 12,000,000 common shares of champion electric, of which 50% is subject to escrow until April 2024.
  • QPM will retain a 2% net smelter return royalty (NSR) on the claims constituting the prospects.
  • QPM working in close collaboration with Champion Electric.
  • Champion Electric Metals’ work confirmed that the project contains favorable host rock and geotectonic setting-comparable to neighboring Corvette and Cancet lithium-bearing pegmatite deposits discovered by Patriot Battery Metals.
  • Identified at least 190 known pegmatite outcrops have never been analyzed for lithium.
Quebec Lithium Pegmatite Project – 529.17 km2 in James Bay.