DGAP-News: Quebec Precious Metals Receives $2,000,000 Payment From Sale of Royalty on Tansim Lithium ProjectEQS
Im Artikel erwähnte Wertpapiere: Quebec Prec Mtl Rg
DGAP-News: Quebec Precious Metals Corporation
/ Key word(s): Miscellaneous
Quebec Precious Metals Receives $2,000,000 Payment From Sale of Royalty on Tansim Lithium Project
MONTREAL, QC / ACCESSWIRE / October 18, 2021 / Quebec Precious Metals Corporation ("QPM" or the "Company") (TSX.V:QPM)(OTCQB:CJCFF)(FSE:YXEP) is pleased to report it has received a $ 2,000,000 payment in connection with the sale of a 2% Net Smelter Return royalty on all payable metals from the mining rights of the Tansim lithium project (the "Project") to Lithium Royalty Corporation ("LRC"). The sale is part of a transaction between Sayona Mining Limited and Sayona Québec Inc. (collectively, "Sayona Qc") and LRC announced on September 30, 2021.
On January 13, 2021, QPM had announced the receipt of a payment of $250,000 in reference to the exercise of the second option by Sayona Qc to acquire an additional undivided 50% interest in the Project's mining rights forming part of the Project. Sayona Qc owns 100% interest in the Project.
Normand Champigny, CEO of QPM, stated: "This payment is another step in the completion of the monetization process of our non-core assets. This allows us to better fund our gold exploration programs in the James Bay region without the need for equity financing."
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 and to advance to the mineral resource estimate stage.
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SOURCE: Quebec Precious Metals Corporation
18.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Quebec Precious Metals Corporation|
|1080, Côte du Beaver Hall|
|H2Z 1S8 Quebec|
|Phone:||+1 514 871-1258|
|Listed:||Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart; NYSE, Toronto|
|EQS News ID:||1241299|
|End of News||DGAP News Service|