15/10/2021

Quebec Precious Metals Gets Payment of $1.125 M Lomiko Acquires 100% of the La Loutre Graphite Task

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MONTREAL, QC / ACCESSWIRE / February 1, 2021 / Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSXV:QPM)(OTCQB:CJCFF)(FSE:YXEP) is happy to advise that it has obtained a short while ago a payment of $ 1,125,000 from Lomiko Metals Inc. (“LMR”) in relationship with the acquisition by LMR of an more undivided 20% fascination in the La Loutre graphite project’s mining rights forming aspect of the job. LMR now owns 100% fascination in the undertaking. In addition, QPM has also been issued 1,000,000 LMR widespread shares as part of the transaction.Normand Champigny, CEO of QPM, mentioned: “The monetization of our non-main belongings supplies funding for the Company’s exploration system at its 100%-owned Sakami gold challenge and other gold jobs in the James Bay area, with no dilution for our shareholders.“Other non-core belongings that the Business expects to monetize about the short and medium term are: Kipawa (scarce earths and together with the Zeus statements), Matheson Joint Enterprise (gold, Ontario) and Somanike (nickel). Information on these non-main property is readily available on the Company’s net site www.qpmcorp.ca.About Quebec Cherished Metals CorporationQPM is a gold explorer with a big land place in the extremely-potential Eeyou Istchee James Bay territory, Quebec, in close proximity to Newmont Corporation’s Éléonore gold mine. QPM’s flagship undertaking is the Sakami challenge with major grades and nicely-defined drill-completely ready targets. QPM’s aim is to swiftly examine the job to progress it to the mineral source estimate phase.For additional information and facts, you should get in touch with:

Jean-François Meilleur President Tel.: 514 951-2730Normand Champigny Main Executive Officer Tel.: 514 979-4746

Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is described in the policies of the TSX Undertaking Trade) accepts responsibility for the adequacy or accuracy of this release.

Resource:Quebec Cherished Metals Company

Perspective resource edition on accesswire.com:

https://www.accesswire.com/626959/Quebec-Precious-Metals-Gets-Payment-of-1125-M-Lomiko-Acquires-100-of-the-La-Loutre-Graphite-Job