The Government of Canada recognizes 31 elements as being critical to new technologies of energy production and transmission. Six elements are listed as currently prioritized in importance including lithium, nickel, cobalt, copper, graphite, and rare earth elements. Q Metals has acquired properties in Quebec that are currently being explored for its potential to host lithium, copper, nickel, cobalt, zinc,
molybdenum, and PGE - all listed as critical minerals.

PEGALITH PROJECT - Lithium

One of the main sources for lithium is pegmatite crystals. Pegmatite is an igneous rock that is created when interlocking crystals form during the final stages of a magma chamber’s cooling. Pegmatite-hosted lithium deposits can contain a number of elements, including lithium, tin, tantalum and niobium.

The Pegalith project was recently acquired by Q Met. The project is a grass roots level project hosted in an underexplored region with great potential for new discoveries. The claims were staked over historic mineral showings that are hosted in coarse mica and feldspar pegmatites that were small scale mined as industrial minerals. As well, the historic Mine Leduc, located approximately six kilometres southwest of the PegaLith property, contains a small lithium-bearing resource (approximately 230 tonnes of 5.39% Li2O) from pegmatitic rocks, indicating the potential for lithium-bearing pegmatites in the region. A Phase-I exploration program is to be undertaken by Q Met in 2023 to test these pegmatites for lithium
potential.

PG HIGHWAY PROJECT – VMS (copper, zinc, lead, + gold and silver)

The PG Highway claims were staked by Q Met to cover an area considered prospective for hosting massive sulphide mineralization. Several outcrops of massive pyrite and pyrrhotite were historically trenched and sampled as part of a gold exploration program. Other elements were generally not tested. Q Met geologists recognize the potential for Volcanogenic Massive Sulphide mineralization within the geologic terrain underlying the PG Highway claims. As well, pyrrhotite mineralization has been associated with platinum group elements (PGE) to the north of the claims.

Q Met has completed airborne magnetic survey and ground-based deep penetrating electromagnetic survey on the PG Highway project. The surveys define several targets for potential massive sulphide mineralization. A permit to drill these targets was obtained in 2022 with drilling proposed in 2023.

MOGOLD PROJECT – Copper, Zinc, Lead, Molybdenum, +/- Lithium

The MOGOLD claims were staked by Q Met to cover the Boily-Bérubé mineral showing. This showing is documented as a vein system hosting pyrite, chalcopyrite, and molybdenite. The copper and molybdenum potential of this showing was of interest to Q Met for further work. As well, the potentialfor VMS deposition similar to that found on the PG Highway claims, adjacent to the Mogold, provides interest for exploring for that deposit type.

Q Met has completed airborne magnetic survey and ground-based deep penetrating electromagnetic survey, as well as bedrock sampling, on the Mogold claims. Several target areas have been identified by these surveys. A permit to drill on the Mogold was obtained in 2022 with drilling proposed for 2023.

It has come to the attention of Q Met that the Mogold claims cover part of a regional geologic feature that has been shown to host lithium. The Quebec database indicates 14 lithium projects associated with the margins of the La Corne Batholith. Sections of the batholith are pegmatitic which host the lithium. One of the most prominent lithium deposits in this group is located 10 kilometres northwest of the Mogold claims. The North American Lithium project is a historic lithium mine that now lists proven and probable mineral reserves estimated at 29.2 million tonnes (Mt), grading 0.96% Li₂O, with contained Li₂O of 280,300t. The norther part of the Mogold claims cover the margin of the La Corne Batholith which is the zone of interest for lithium.

LORRAIN – PGE, Copper, Nickel, Cobalt, Chromium

The Lorrain claims were located to cover a magnetic feature that is associated with an ultramafic rock that hosts the Guimond-Church mineral showing. The showing is described as ultramafic rock containing 0.48% Cr and 0.27% Ni. The showing has yet to be tested by modern techniques or diamond drilling. Historic work on the Lorrain claims included diamond drilling of other targets that are now within the claims. In particular, a drill hole completed in 2001 is summarized as containing substantial quantities of platinum, palladium, copper, nickel and silver. Q Met attempted to twin this drill hole based upon the locations provided in the historic reporting, but was not successful at obtaining similar sample results. The Lorrain property remains a project of interest for Q Met.