Quebec Precious Metals Finalizes Sale of Non-Core Asset

An announcement from Quebec Precious Metals Corp ( (TSE:QPM) ) is now available.

Quebec Precious Metals Corporation has completed a transaction involving the sale of a non-core asset in Ontario, receiving $200,000 and additional consideration from International Explorers and Prospectors Inc. This strategic move allows QPM to focus on its core projects in Quebec, potentially enhancing its operational focus and strengthening its market position in the mining sector.

More about Quebec Precious Metals Corp

Quebec Precious Metals Corporation (QPM) operates in the mining industry with a focus on gold and lithium exploration. The company holds a significant land position in the Eeyou Istchee James Bay territory in Quebec, which is in proximity to Newmont Corporation’s Éléonore gold mine. QPM is actively advancing its Sakami gold project and the Ninaaskuwin lithium showing on the Elmer East project, and it possesses a 68% interest in the Kipawa rare earths project.

YTD Price Performance: 0.0%

Average Trading Volume: 85,344

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.11M

For a thorough assessment of QPM stock, go to TipRanks’ Stock Analysis page.