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The latest announcement is out from Quebec Nickel Corp ( (TSE:QNI) ).
Québec Nickel Corp. has signed a non-binding letter of intent with Orogen Royalties Inc. to acquire a 100% interest in the Ecru Property in Nevada’s prolific Cortez/Battle Mountain gold trend for total consideration of $505,000 in cash and shares, plus a 2.0% net smelter return royalty. The Ecru project, which covers 112 lode claims adjacent to Nevada Gold Mines’ Robertson deposit, comes with historical drilling and geophysical work that outline multiple untested targets with potential for both intrusive-related and Carlin-type gold mineralization, and Québec Nickel plans systematic technical review and exploration, including a NI 43-101 report, if the deal closes. The company also strengthened its board with the appointment of experienced geologist and Antares Metals CEO Johan Lambrechts, and announced plans for a non-brokered private placement of up to $500,000, underscoring its strategy to build a disciplined, technically driven portfolio of exploration assets in tier-one mining jurisdictions.
Spark’s Take on TSE:QNI Stock
According to Spark, TipRanks’ AI Analyst, TSE:QNI is a Neutral.
Quebec Nickel Corp’s overall stock score is primarily driven by its strong balance sheet and low valuation metrics. However, significant concerns exist due to the lack of revenue generation and negative operational profitability. The recent improvements in cash flow and upward technical momentum are positive, yet the sustainability of these factors remains uncertain without substantial revenue growth.
To see Spark’s full report on TSE:QNI stock, click here.
More about Quebec Nickel Corp
Québec Nickel Corp. is a junior exploration company listed on the Canadian Securities Exchange that focuses on acquiring and advancing high-quality mineral assets in established mining jurisdictions. While historically associated with nickel, the company is broadening its portfolio toward gold and other commodities, targeting projects with strong geological fundamentals and clear potential for value creation.
Average Trading Volume: 19,312
Technical Sentiment Signal: Sell
Current Market Cap: C$1.62M
Learn more about QNI stock on TipRanks’ Stock Analysis page.