Quebec Precious Metals Corporation launches its lithium drilling program

Quebec Precious Metals Corporation (QPM) has announced the launch of a drilling program to explore a new high-grade lithium discovery near James Bay, Quebec. This program involves the drilling of 16 holes for a total of of 1,250 meters. The objective is to assess the extent of the lithium found, with samples showing concentrations ranging from 1.10% to 3.92% Li2O.

In collaboration with Impact Global Solutions, geometallurgical studies will be conducted to better understand the characteristics of the rocks. Access to the site via the paved Billy Diamond Road facilitates this project located near the Galaxy project, recently acquired by Rio Tinto.

QPM also announced a private placement to raise up to $562,500 to fund its exploration activities. The proposed units will include shares and warrants, subject to a four-month hold period.