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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
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Resource:Quebec Cherished Metals Company
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