Qmc Quantum Minerals Corp (QMCQF)

[mick]

QMC Quantum Minerals Corp. is engaged in acquisition, exploration and development of mineral properties.

[Normal]

NEWS RELEASE

https://finance.yahoo.com/news/qmc-responds-announcement-canadian-electric-121500723.html

This puts us in a great position!

[trainer2]

A little history on this stock. In November 2017 I bought 500 shares of QMCQF for 1.33. I also bought shares at .98. Hey this stock has room to head north big time if the news is right.

[trainer2]

Thanks for the info. Like you I purchased shares and got out awhile back. Back in now since I've been watching a steady upward movement for the last couple months. Good luck to you.

[Normal]

They have Lithium property that I know has had some recent updates in the PR news (I am attempting to find them right now). This is the information about that site;
https://qmcminerals.com/irgon-lithium-mine-project/

This is what encouraged me to purchase shares a few years back when there was lots of lithium mining information in their press releases.

[trainer2]

Is this mainly a gold mining company or do they mine for any materials that can be used in EV batteries?

[Normal]

I agree, and even ticking up higher today. Feels like there is amazing news coming on the horizon.

[Vipyr]

Well you are at a new 52 week high. Something must be going on

[Normal]

I have owned this stock now for 2 years. Waiting for the fruits of my position. Recent news of private placement financing has me wondering if there are some plans getting squared away. Any thoughts? Look forward to hearing others research.

[trainer2]

Tesla need Lithium and lots of it.

[trainer2]

You are correct. I owned this stock when it was much much higher price.

[Money57]

went .06 to .09 when nobody was looking.

[Money57]

Hmm, that sucks.

[Normal]

Hot Press Release!! Maybe we will finally have some movement this stock deserves.

https://www.newsfilecorp.com/release/47707

[Normal]

PRESS RELEASE QMC Drills 2,300 Metres at Irgon Lithium Mine Project

https://finance.yahoo.com/news/qmc-drills-2-300-metres-124500304.html

[Normal]

Any feedback on why this stock has such a low valuation with its potential? If you read the press releases there is only positive news. Why such a negative price? I have had bad investment luck in these types of stocks and looking to understand the things to look for.

[nygrande]

PRESS RELEASE
Manitoba Mining Fields Form Bedrock of QMC Quantum Minerals Corp.'s QMCQF (tsx.v:QMC) (3LQ) Lithium Plans

Published: Jan 16, 2019 12:13 p.m. ET


- QMC Quantum Minerals is preparing for Phase 2 exploration on its spodumene-bearing Irgon Mine Project
- QMC is nearing completion of NI 43-101 resource estimate to update published historic resource estimate
- Company expects to improve on the historic estimate of more than 1.2 million tons of lithium

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is exploring a historically productive region in hopes that the ore it may yield will be adequate to help drive an industry that has found new life amid the computer and internet breakthroughs of the 21st Century. The region, which is in Southern Manitoba’s rare-element pegmatite mining district located 500 kilometers (310 miles) northwest of Lake Superior, has been established as a potential source of commercial-grade lithium resources with the capacity to energize North America’s computerized products.

QMC’s Irgon Mine Property in southeastern Manitoba has a half-century-old historical resource estimate of 1.2 million tons of lithium oxide grading 1.51 percent measured over a strike length of 365 meters and to a depth of 213 meters. The company expects to produce a current NI 43-101-compatible resource estimate during the coming months that could potentially double the strike length by extending it as far as 400 meters to the west. QMC will also define spodumene mineralization to depth below 213 meters, the current maximum depth explored by the historic drilling.

North American hard rock miners reigned over the lithium supply in the pre-Internet of Things era leading into the 1980s, turning the mineral spodumene into a virtual lithium lodestone that supplied the soft metal for medicinal anti-psychotic purposes, ceramics and lubricants. Just as computer batteries have surpassed those uses in the past couple of decades, a revving drive for electric vehicles, more eco-friendly than their petroleum-fueled counterparts, is building a new benchmark for demand and a revival of the rock mining industry that was forced to yield ground to the new, cheaper saltwater evaporation extraction methods of the late 20th century.

Companies such as QMC are invested in the premise that hard rock mining for lithium is ultimately more reliable than brine evaporation pond extraction. The demand for lithium will continue to increase as electric vehicles and portable Internet of Things electronics become more of a standard part of everyday living. In 2018, sales of electric vehicles surged ahead of those in 2017, rising about 70 percent. Likewise, rising demand for lithium hydroxide, a key element in lithium-ion batteries, was largely satiated from new hard rock mineral extraction in Australia (http://nnw.fm/56Yxe­;).

Manitoba’s long economic dependence on mining and the slow market conditions have created ample personnel resources as well, as shown most recently by the imperilment of 800 jobs in the northern Flin Flon district when a zinc refining company announced that it will close its operation (http://nnw.fm/8PWx9). Flin Flon is a town with a population of 5,000 that is also the base for QMC’s second mining focus, the Rocky-Namew Property, a prospective volcanic massive sulphide project located within a very prolific greenstone belt.

After exploring the Irgon Site to identify possible extensions to the known dike and locating additional mineralized lithium-bearing pegmatite dikes within the company’s property, the company began working to expose the dike completely along the strike length. Subsequently, it launched a program of channel sampling to confirm and extend the zone of known spodumene (lithium) mineralization. During the coming year, QMC intends to undertake a Phase 2 diamond drilling program while preparing the NI 43-101 report and any additional updates to it.

The company is particularly interested in significant spodumene mineralization in pegmatite dikes immediately west of the Irgon Dike and intends to begin exploration to see if the pegmatite comprises the western extension of the Irgon Dike or if it is an entirely new mineralized pegmatite system.

“Either way, as this new mineralized zone is being evaluated, it could quickly add potential resource expansion within the Irgon Project,” the company stated in its year-end MD&A report (http://nnw.fm/1pJNZ).

For more information, visit the company’s website at www.QMCMinerals.com



Source: https://www.marketwatch.com/press-release/manitoba-mining-fields-form-bedrock-of-qmc-quantum-minerals-corps-otc-qmcqf-tsxv-qmc-fse-3lq-lithium-plans-2019-01-16

[nygrande]

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Nears Completion of Resource Update to Cap Eventful Year at Irgon Project

- QMC Quantum Minerals began assay channel samples at Irgon Dike in 2017
- Positive results have generated excitement for the company
- QMC anticipates completion of NI 43-101 resource estimate in 2019 with potential for rapid development thereafter

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is capping an eventful year at its Irgon Lithium Mine Project by preparing to rapidly expand exploration and bring the project into production once its qualified engineer (SGS Canada) has upgraded the historical resource estimate to be compliant with current NI 43-101 standards.

QMC began investigating the potential of the Irgon Mine in southern Manitoba, a mining-friendly province, in 2016, when it acquired its first four claims. Assay results from the 2017/2018 exploration programs returned high grades of lithium oxide, and the company increased its land position to 22 contiguous claims covering 4,583 hectares (11,325 acres) as excitement increased over the potential of the property.

Exploration at the Irgon Dike more than half a century ago established an historical resource estimate of more than 1.2 million tons of lithium grading 1.51 percent Li2O over a strike length of 365 meters (1,197.5 feet) and to a depth of 213 meters (698.8 feet). The latest finds, announced on October 30, doubled the known strike length by extending it as far as 400 meters (1,312.3 feet) to the west. The company is also planning to drill deeper, below the level of the historical resource, with the expectation of ultimately producing a NI 43-101 resource estimate that’s much higher than the historical estimate.

QMC has been encouraged by the Irgon Dike’s proximity to Tantalum Mining Corporation of Canada’s TANCO Mine. Both occurrences are hosted within the Bird River Greenstone Belt and both are large spodumene-bearing dikes within the Winnipeg River Pegmatite Field. TANCO is North America’s most successful lithium mine to date. QMC states that the Irgon Site may contain even richer ores than TANCO. As part of the exploration process, when the Irgon samples were assayed, QMC asked for results on 56 different elements in order to identify any additional exotic, previously unrecognized mineralization that may be present within the Irgon Dike, thereby expanding the company’s possibilities.

Lithium is a much sought-after metal because of its critical importance to the lithium-ion batteries that power cell phones, portable computers, electric vehicles and digital cameras, which have become a ubiquitous part of people’s lives in North America. Additionally, just coming online are mass energy storage units used by utilities such as Alison Canyon’s (California) 326MWh of lithium ion-batteries and Hornsdale’s (Australia) 129MWh.

On receipt of the pending NI 43-101 report, the company expects to be able to “rapidly increase” the rate of development and subsequent production from this hard rock (spodumene) site, drawing on infrastructure that includes a previously excavated three-compartment shaft and underground drifting off the 200-foot level. Road access is provided by an adjacent provincial highway, and power and railhead are nearby. This will allow for a portable pilot plant to be easily moved onsite, bringing production one step closer.

QMC Quantum Minerals is a Vancouver-based company engaged in the acquisition, exploration and development of lithium and other valuable resources properties. All of the company’s properties are currently located in Manitoba and include not only the Irgon Lithium Mine Project, but also two volcanic massive sulphide (“VMS”) gold, copper and zinc properties encompassing approximately 23,000 hectares (57,000 acres) in the prolific Flin Flon/Snow Lake VMS mining district of northern Manitoba. These two properties, the Rocky Lake and the Rocky Namew Properties, are collectively known as the Namew Lake District Project.

For more information, visit the company’s website at www.QMCMinerals.com

[nygrande]

QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Advances Lithium Project

- Concerns over a potential supply deficit as China attempts to control the world supply
- QMC Quantum Minerals doubles Irgon Dike strike length
- QMC at advanced stage of developing hard rock source’s potential

QMC Quantum Minerals Corp.’s (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) efforts to “reawaken the promise” of Canada’s historically rich lithium fields in Manitoba are part of a broader strategy to build supplies of an in-demand metal from a close-to-home, North American source, and recent discoveries at the property are energizing the company’s prospects.

Forecasts for a potential supply deficit of the elements critical to the lithium-ion batteries that power a vast majority of the world’s computer technology needs have touched off a number of strategic responses by explorers and researchers.

Lithium-ion batteries have been manufactured and improved on as the go-to rechargeable source for power to computerized electronics, from wearable smart watches to military technologies, with cell phones being perhaps the most ubiquitous product of them all. In addition to this, the anticipated enormous increasing demand by rising production of electric vehicles worldwide is only lighting up the industry.

News that China had exhibited tremendous foresight by aggressively working to secure primacy in the global supply chain for the batteries’ two key raw components, lithium and cobalt, fueled a nationalistic trend following the 2008 worldwide financial crisis. China’s economic strategy regards electric vehicles as a key industry, and the country’s state-controlled companies have labored to dominate the supply chain — from politically troubled Congo-sourced cobalt mining through to Chinese plant refining of the metal — all while exploring potential alternative battery technologies. As a result, the country effectively owns approximately 85 percent of global cobalt supply, according to research by cobalt distributor Darton Commodities (http://nnw.fm/GxgS1).

China has also actively worked to secure agreements with leading lithium miners in Chile and Australia, despite holding the world’s second-largest reserves of the metal, which it regards as being too expensive to extract at this point, according to CKGSB Knowledge (http://nnw.fm/12qFw).

“It’s clearly the case that China will lead the world in E.V. development,” Ford Motor Company Executive Chairman William C. Ford Jr. stated during an event in Shanghai last year (http://nnw.fm/F0xaM).

QMC’s efforts to derive lithium from Canadian sources gained a stronger toehold when the company announced that it had found additional “significant spodumene mineralization” in pegmatite dike outcroppings on the Irgon Mine Property in Manitoba, where it was already exploring the spodumene-bearing Irgon Dike. These recent discoveries have led the junior explorer to slate drilling these additional targets on the Irgon Mine Property located within the prolific Cat Lake-Winnipeg River rare-element pegmatite field.

Exploration at the Irgon Dike more than half a century ago established a resource estimate (which the company considers to be historic and not up to current NI 43-101 standards) of more than 1.2 million tons of lithium grading 1.51 percent over a strike length of 365 meters (1,197.5 feet) and to a depth of 213 meters (698.8 feet). The latest finds indicate the possibility of extending the strike length as far as 400 meters (1,312.3 feet) to the west, effectively doubling the length of the strike and the potential for the original resource estimate “to be rapidly increased through ongoing exploration” the company stated in an October 30 news release (http://nnw.fm/6ayBd).

QMC Quantum Minerals is bullish on the potential of hard rock mining of spodumene as a source for lithium verses Chile’s famed dried lake bed salt fields.

“When lithium prices headed upward, investors learned that Chile was pouring out tons of the metal at low costs. The Atacama salt flats became famous, and people assumed that reaping lithium from brines was easier than pulling it out of rock. But it turns out that the Atacama desert is a rare situation,” the company stated (http://nnw.fm/DDJ0j). “The truth is that, although lithium brines occur in many places around the world, only highly concentrated brines actually produce lithium economically. In contrast, hard rock lithium mines have numerous advantages. They do require more exploratory work; however, once the surveys and sampling are completed, hard rock pegmatite deposits are faster to mine and production is more reliable.”

QMC has been working on the Irgon Mine Property for two years and states that a typical hard rock project takes three to five years for such work. Channel sampling on the dike has returned excellent results, and prior development of the site, including a road, an established mineshaft and underground development, have bestowed the advantage of existing infrastructure. The company is nearing readiness to file the updated NI 43-101 report and to begin to mine.

For more information, visit the company’s website at www.QMCMinerals.com

[nygrande]

NetworkNewsBreaks – QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Eyes Opportunity in Growing Market with Fast-Track to Lithium Potential

QMC Quantum Minerals (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is positioned to benefit from growing global demand for lithium with the potential for a fast-track to production. An article discussing this reads, “The company has invested two years in the exploration of the Irgon Lithium Project. While a typical hard rock mining project takes three to five years to reach this stage, QMC has several advantages that are expected to reduce the time needed to bring the project into production. The property was previously developed during the 1950s, and, by the time QMC acquired it, it already contained a published historical resource detailing exactly where to start extracting the lithium-bearing spodumene mineralization.”

[nygrande]

Changes in the Lithium Market Drive Growth in Canadian Mining

NEW YORK, October 16, 2018 /PRNewswire/ --

NetworkNewsWire Editorial Coverage

Growing demand for powerful batteries, coupled with attempts to break China's hold on the market, are leading to growth for Canadian lithium explorers.

Lithium is essential for batteries used in personal electronics and electric vehicles.
The recent rise of electric cars, together with faster than expected production of other electric vehicles, is creating a huge rise in demand.
The market's current top global suppliers are China and Chile.
Emerging companies in Canada are starting work on alternative sources of lithium that could reduce reliance on these two countries.
One of the companies setting up new Canadian mines is QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V:QMC) (FSE:3LQ) (QMCQF Profile), which is using existing infrastructure in Manitoba to quickly get production up and running. Albemarle Corp. (NYSE: ALB), the world's largest lithium manufacturer, has seen a surge in production that has almost doubled its earnings. Nemaska Lithium, Inc. (OTC: NMKEF) (TSX: NMX) is setting up mining and processing facilities in Canada as well as establishing supply agreements for when that work is completed. Sociedad Quimica y Minera S.A. (NYSE: SQM) is diversifying its lithium production, adding mining to brine extraction operations. All of this is driven by the work of companies such as Tesla, Inc. (NASDAQ: TSLA), whose electric cars are responsible for much of the demand.

To view an infographic of this editorial, click here.

The Changing Lithium Market

In the past 20 years, lithium has become one of the most sought-after commodities in the world. Lithium-ion batteries, which are used in everything from smartphones to electric trucks, are increasingly ubiquitous. Lithium is essential to their production, and as a result, demand for the mineral has soared. Mining companies around the world are rushing to set up lithium extraction facilities to get the precious metal to market.

This urgent need is leading to unexpected shifts in global markets. China, already a strong player in the lithium market, is attempting to corner its production. Previously neglected mines are being revived as sources of lithium. Countries that previously weren't players in the market are emerging as potentially significant lithium producers. One of those countries is Canada.

Driving Up Demand

Recent years have seen a surge in lithium companies. Whether this growth is by established players or by the emergence of companies such as QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V:QMC) (FSE:3LQ), one factor appear to be driving this - electric batteries.

Most of the chargeable batteries now used in personal electronic devices are lithium based. Mobile phones, tablets and laptops all rely on lithium to stay charged, sparking a surge in demand since the turn of the millennium. This demand is now being driven to stratospheric levels by another source - electric vehicles.

All electric cars use lithium batteries, and the vehicles require far more of the mineral than do smartphones. A Tesla Model S might need a hundred pounds of lithium in its batteries compared to a phone, which needs only a few grams. Becoming ever more common, electric cars are increasingly seen on the roads as environmentally conscious consumers try to get away from fossil fuels. Major manufacturers such as Volkswagen and BMW are spending millions on developing electric cars, all of which need the lithium that QMC and others can produce.

Production of electric trucks and buses are coming more quickly than expected, causing demand for lithium to further outstrip supply. With recent mandates by several cities, governments and car manufacturers, such as Volvo and Volkswagen, the demand for lithium continues to surpass production. Navistar has developed electric dump trucks while BYD (Lithium Battery Company) is producing electric buses.

Global lithium production is already at 600,000 tons per year and demand is expected to grow by another 600,000 to 800,000 tons over the next decade. Prices have risen 30 percent over the past few years and are likely to continue their ascent. This increase is great news for QMC. As the owner of a 1.2 million-ton lithium oxide deposit in Manitoba, which the company regards as a historical resource, QMC appears to be in a position to profit from this growth. As an emerging company, QMC may be especially appealing to investors, who can buy its shares for a fraction of those in more established mining companies.

Competing with Chinese Lithium

The fact that QMC's deposit is in Canada is particularly important at this stage in the development of the lithium industry.

The two largest lithium producers in the world are currently in China and Chile, with Australia coming in third. China controls 30 percent of lithium production and is making moves to gain control of more. Chinese manufacturers recently tried to buy a large stake in one of Chile's major lithium producers, only to be blocked by the Chilean government until the two parties could reach an agreement that granted the Chinese 24 percent of the company. As a major manufacturer of electric cars, this important move supports one of China's growth industries; however, it's also a strategic move, ensuring that China has access to supplies of a resource with significant uses in infrastructure and military equipment.

China's focus on controlling lithium has created two strong reasons for other countries to develop their lithium deposits. On the one hand, there is the possibility of these countries benefitting from Chinese investment, attracting the money that Beijing businesses are throwing at the lithium supply problem. In addition, there's the desire to reduce reliance on Chinese lithium and provide additional options - and independence - to electric vehicle manufacturing around the world.

Manitoba, where QMC has its lithium claims, is rich with potential for lithium exploitation. Recognized as one of the world's best mining districts, it has previously been a rich source of other minerals. Many of these deposits, such as those being explored on QMC's Irgon Lithium Mine Project Property, were discovered decades ago but never exploited, as lithium wasn't a profitable resource at the time. Now the old mining records are being dusted off, and work is commencing in these neglected claims.

Extracting Canada's Mineral Wealth

QMC's lithium operations show how companies outside of China and Chile can compete with the big players, despite working on a smaller scale.

QMC's Irgon Lithium Mine Project is based around Cat Lake within the prolific Cat Lake-Winnipeg River rare-element pegmatite field of S.E. Manitoba. This year, the company acquired 18 new claims, taking its total in the area up to 22. The lithium sources include the former Irgon Mine, possibly the best and richest lithium deposit in the whole of Manitoba. The quality of lithium ore in the area is also particularly rich - 1.51 percent lithium oxide, one of the higher grades of any company's deposits in the country.

The region's old mining industry also provides opportunities. Past surveys have put QMC ahead of the game in mapping out and analyzing the available lithium. Existing infrastructure for power and access can be reused, speeding up the establishment of mines. QMC's project is road accessible with skilled workers readily available in the area.

The methods of mineral extraction used on these sites will be faster than those widely used in China and Chile. There, lithium is extracted from brines, with areas flooded, and the water evaporated to extract the minerals. In its Manitoba claims, QMC can simply mine and process the rock. This means a much faster turnaround time to set up extraction and see the results. Between its mining methods and the existing infrastructure, QMC is in a good position to quickly start extracting large quantities of high-quality lithium ore. Bottom line, QMC is poised to jump into the Lithium production market and could prove to be a big player.

Lithium Production across the Americas

The lithium industry's importance in both North and South America is reflected in the growing number of companies and their wealth in the sector.

The biggest lithium manufacturer in the world, Albemarle Corp. (NYSE: ALB) has benefited enormously from the changes of the past few years. While it also produces bromine and catalysts for the chemical industry, lithium is now its most important resource. It produced 29 percent of the world's lithium in 2017, thanks to its heavy investment in the Chilean lithium industry. This has led to stellar financial performance. During the second quarter of 2018, it saw a 16 percent rise in net sales on the same period for the previous year, producing a 197 percent increase in earnings.

Quebec-based company Nemaska Lithium, Inc. (OTC: NMKEF) (TSX: NMX) is working to set up lithium mining and processing facilities in Canada, with an aim of catering to the car market. Like QMC, it will be extracting lithium from mineral-rich ores. As of this month, work is on schedule to get the mine and processing plant up and running. Based on this, the company expects to start producing concentrate in the second half of 2019 and lithium salts in 2020. It already has a supply agreement with green battery manufacturer Northvolt, ensuring a market for some of its product.

Like Albemarle, Sociedad Quimica y Minera S.A. (NYSE: SQM) produces lithium from Chilean brine sources. As demand for lithium grows, SQM's operations do as well. It is moving into lithium rock extraction, with mining at Mount Holland expected to begin in 2021. As the producer of 23 percent of the world's lithium in 2017, it's second only to Albemarle as a lithium producer while also manufacturing other industrial and agricultural chemicals.

One of the most prominent companies driving the demand for lithium is Tesla, Inc. (NASDAQ: TSLA). Famous for its work in electric and self-driving cars, Tesla has seen huge growth in demand for its vehicles, leading to a 40 percent rise in vehicle production in the first quarter of 2018.

Rapid growth in the electric vehicle market is leading to great demand for lithium batteries. Lithium producers that can quickly bring new sources online could profit tremendously from this surge.

For more information about QMC, please visit QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V:QMC) (FSE: 3LQ).

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[nygrande]

I think we are going to have a very good surprise with this one.

[willlbone]

Bad news? Selling with volume.

[nygrande]

Equitorial Exploration Discovers New High Grade Tantalum Zone at the Cat Tail Pegmatite in SE Manitoba with Assays up to 0.16% Ta2O5 (1600 ppm Ta2O5)


Source: https://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/equitorial-exploration-discovers-new-high-grade-tantalum-zone-at-the-cat-tail-pegmatite-in-se-manitoba-with-assays-up-to-0-16-ta2o5-1600-ppm-ta2o5/

[nygrande]

Source: https://microsmallcap.com/mining-penny-stocks-08-10-18/

[nygrande]

QMC SIGNS NDA FOR LITHIUM MINERALIZATION TESTING
Vancouver, British Columbia, June 13, 2018 - QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC: QMCQF)
(“QMC” or "the Company") announces it has signed a non-disclosure agreement (“NDA”) with an Asian-based
manufacturing company which will allow them to test the Company’s lithium mineralization identified by recent channel
sampling of the Irgon Pegmatite Dike to see if it meets end-use requirements of the manufacturer’s customers.
Indicative of the NDA, the test results, proprietary specifications, and supplier’s identity will be withheld in order protect
both parties’ commercial interests. The Irgon Dike is located at the company’s 100% owned Irgon Lithium Mine Project,
within the prolific Cat Lake-Winnipeg River Pegmatite Field of S.E. Manitoba that hosts the nearby Tantalum Mining
Corporation of Canada (“TANCO”) rare-element pegmatite.
QMC is in the process of updating the Irgon Lithium Mine’s historic lithium resource through a detailed channel sampling
and subsequent drill program. This historic resource was reported in 1955 to be 1.2 million tons grading 1.51% lithiumoxide
over a strike length of 1,198 feet and to a depth of 700 feet. Recent assay results received from the 2017 channel
sampling program were very positive, supporting the original development work on the dike, highlighted by QMC
reporting results of 1.43% Li2O over 18 metres including 1.73% Li2O over 14 metres with very encouraging individual
sample grades of up to 4.31%, 4.0% and 3.05% Li2O over one-metre sample intervals. Following a complete reevaluation
of historic TANCO assessment reports by QMC, an additional target encompassing a large, untested lithium
soil anomaly, which strikes east-west across the southern part of the property, has been identified. Its strike length as
currently documented is over 3,600 feet with an estimated width of up to 1,150 feet at the western end. The Company
has recently hired SGS Canada (“SGS”) to provide technical support and consulting services for the QMC’s 2018 field
exploration and drilling program. SGS will also compile a NI 43-101 technical report expected to confirm and potentially
increase the currently non-NI 43-101 compliant historical resource.
HISTORICAL RESOURCE
Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and subsequently
reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to
a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a
1956 Assessment Report by B. B. Bannatyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report
No. 94932). This historical estimate is believed to be based on reasonable assumptions, and neither the company nor
the QP has any reason to contest the document’s relevance and reliability. The detailed channel sampling and a
subsequent drill program will be required to update this historical resource to current NI 43-101 standards. Historic
metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2O was obtained.
During this historical 1950-era work program, a complete mining plant was installed onsite, designed to process 500
tons of mineralized material per day, and a three-compartment shaft was sunk to a depth of 74 meters. On the 61-
metre level, lateral development was extended off the shaft for a total of 366 meters of drifting, from which seven
crosscuts transected the dike. The work was suspended in 1957 awaiting a more favourable market for lithium oxides,
and, at this time, the mine buildings were removed.
The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not
conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical
estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based
on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These
historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently,
the issuer is not treating the historical estimate as current mineral resources or mineral reserves.
Qualified Person and NI 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo., who is a qualified
person as defined by National Instrument 43-101.
About the Company
Suite 600 - 666 Burrard Street, Vancouver, British Columbia V6C 2X3
Tel: [phone] I email: [e-mail] I web: www.qmcminerals.com
QMC is a British Columbia based company engaged in the business of acquisition, exploration and development of
resource properties. Its objective is to locate and develop economic precious, base, rare metal and resource properties
of merit. The Company’s properties include the Irgon Lithium Mine project and two VMS properties, the Rocky Lake and
Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are
located in Manitoba.
On behalf of the Board of Directors of
QMC QUANTUM MINERALS CORP.
“Balraj Mann”
Balraj Mann
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

[nygrande]

https://www.prnewswire.com/news-releases/growing-ev-presence-is-driving-the-cobalt-market-forward-686140771.html

[nygrande]

Anticipated Lithium Deficits Boost Outlook for Miners


NetworkNewsWire Editorial Coverage: Lithium stocks have soared over the last couple years, driven by global demand for lithium-ion batteries and anticipated subsequent supply chain deficits. The supply-demand imbalance is highlighted by reports that Li-ion battery consumption grew 73 percent from 2010 to 2014, whereas lithium production only increased 28 percent. Moreover, between 2014 and 2017 the cost of a lithium-ion battery was cut in half, increasing demand and further exacerbating lithium feedstock shortages. Portending the enormity of coming shortfalls, Roskill, a leader in international metals and minerals research, tripled its lithium demand forecast last year, and now expects demand to exceed a million tons annually within the next eight years. Under these market factors, acquisitions and joint ventures are becoming almost commonplace among manufacturers and miners. Institutional investors are also entering the fray and attention is turning to junior miners since the majors will be hard pressed to alleviate feedstock deficits. Prospective junior miner Lithium Chile (TSX.V: LITH) (OTC: LTMCF) (LTMCF Profile) aims to capitalize on these deficits. With vast resources directly in the heart of South America’s famed lithium triangle, the company recently announced a joint venture MOU and is initiating a new high-priority drilling program. In attempts to keep pace with global deficits, other lithium producers such as Albemarle Corp. (NYSE: ALB), Sociedad Quimica y Minera S.A. (NYSE: SQM), Lithium Americas Corp. (NYSE: LAC) and FMC Corporation (NYSE: FMC) have all taken measures to increase production.

Drill Baby Drill

Site preparations are under way and Lithium Chile (TSX.V: LITH) (OTC: LTMCF) earlier this week said it will soon begin drilling at its Salar de Ollague project. The area displays many geophysical characteristics identical to those found in the lithium-rich aquifers at Salar de Atacama, home of the world’s largest and highest-grade lithium brine producers. Initial testing showed good chemistry, imperative for cost-effective lithium production, and the company has received formal consent from the community of Ollague to begin an exploration drilling program.

In previously announced results of a transient electromagnetic survey (TEM) covering 25 square kilometers of the Ollague project, Lithium Chile identified multiple large high-priority targets and a comprehensive sampling program revealed near-surface lithium brines assaying up to 1,140mg/L of lithium. In comparison, lithium concentration between 190 to 200 mg/L of lithium is needed for production in the United States.

Geophysical analysis indicated several continuous conductive units over much of the property. The survey indicated these conductive units are several open-ended horizontal zones ranging from 20 to over 200 meters thick and within 20 to 120 meters of the surface. Lithium Chile believes these open-ended horizontal zones are saline aquifers and indicative of a high content of lithium brine.

“With a range of high-grade, near-surface lithium samples, excellent TEM survey results and no competition in the region, Ollague is one of our most exciting projects. We are delighted to have received final approval and look forward to commencing drilling next week,” Lithium Chile president and CEO Steve Cochrane stated.

Lithium Chile will immediately seek permits for additional exploration and development programs at Ollague based on the drilling and sampling results of the first program. As soon as the initial Ollague drilling program is complete, Lithium Chile intends to begin drilling each of its other four high-priority salars in continuous succession.

Amazing Assets

About half the world’s lithium reserves are in Chile, predominantly in the arid Atacama Plateau, and it is here that Lithium Chile has strategically amassed 152,900 hectares (nearly 600 square miles). The company’s Ollague project is just one of its 15 wholly owned properties in Chile. Lithium Chile’s assets include 66 square kilometers directly on the Salar de Atacama, Chile’s largest mineral salt flat and home to about 30 percent of the world’s lithium production.

Lithium Chile acquired its assets for just $3 per hectare. Prospective lithium parcels in Chile currently change hands around $1,500 per hectare, and proven tracts command more than $10,000 per hectare. Lithium Chile relied on the vast in-country experience and skills of Terry Walker, the company’s chief geologist and VP of exploration, to acquire large tracts of prime lithium-bearing properties. Using a 1970s French technical report overlaid on a national database of water well hydrology and water chemistry, Walker meticulously matched that information with an extensive lands claim database. Lithium Chile subsequently secured the best salars in proximity to the highest lithium concentrations and the closest to needed infrastructure. The result could turn out to be among the most promising and lucrative lithium-rich land packages in recent history.

Back to Back

Indicative of international investment interest in the sector, Lithium Chile announced last week a Memorandum of Understanding to enter a joint venture transaction with Hong Kong-based investment company Prosper One International Holdings Company Limited. The proposed transaction with Prosper One requires them to spend $3 million to earn a 55 percent interest in Lithium Chile’s Norte project. Prosper One will invest the $3 million in staged exploration on the Norte project on or before December 31, 2018, and will make a $1 million equity investment in Lithium Chile at a minimum of $1 per share. With a plethora of lithium-rich indicated properties it seems suitors are starting to line up.

The MOU designates Lithium Chile the operator on the Norte exploration programs and it will receive a management fee from Prosper One equal to 17.5 percent of the funds expended on the Norte exploration programs. As a testament to the seriousness of their intent, Prosper One must pay Lithium Chile a $250,000 break fee if a definitive agreement isn’t signed.

Cochrane commented, “We are pleased to have reached this agreement with Prosper One, which accelerates our ability to unlock the potential of our dominant land package Chile. We are essentially combining our technical expertise and Chilean experience, with Prosper One’s financial acumen and support, to explore our highly prospective Norte project in Chile. We look forward to a mutually rewarding working relationship.”

Drilling Pay Day

Drilling commencement is a big deal. As Lithium Chile continues to prove its reserves, the company could receive more offers to option, joint venture, or even outright purchase key projects at substantial market premiums and immense multiples to original cost.

Trying to Keep Pace

If there are any doubts about the lithium shortage, look at any lithium mining company – every single one is trying to rapidly expand production. The shortage won’t end any time soon and increased production isn’t likely to keep pace with burgeoning demand.

Among major lithium producers, Albemarle (NYSE: ALB) is the largest and derives nearly 39 percent of its total revenue from lithium sales. A global leader in specialty chemicals, Albemarle’s lithium business segment mines and converts lithium into different forms along the value chain. The company controls one of the only operating lithium brines in North America and operates a lithium brine in Chile. ALB also holds a 49 percent share in Talison Lithium in Australia and plans to expand production there in 2019 under a joint venture.

Sociedad Quimica y Minera S.A. (NYSE: SQM) is an intriguing Chile-based player in the global scramble to secure greater supplies of lithium. SQM produces over 45,000 tons of lithium carbonate equivalent per year and plans to expand lithium carbonate capacity to 63,000 metric tons in 2018. In addition to lithium, the company produces specialty plant nutrients, iodine derivatives, potassium chloride, potassium sulfate and industrial chemicals. To prevent China from controlling 70 percent of the world’s lithium supply, the Chilean government rebuffed the $4 billion purchase of 32 percent of SQM by Tianqi Lithium Corporation last year but ultimately reached an agreement allowing the Chinese company to purchase 24 percent of SQM last month.

Lithium Americas (NYSE: LAC) is focused on development of two lithium development projects: the Cauchari-Olaroz project located in Jujuy province of Argentina and the Lithium Nevada project. Company segments include Organoclay, Lithium Nevada, Cauchari-Olaroz and Corporate. The company operates in Canada, the United States, Germany and Argentina. The Cauchari-Olaroz project is a lithium brine mineral project. The Lithium Nevada project is a smectite clay-based lithium project.

FMC Corporation (NYSE: FMC) is estimated to be the fourth- or fifth-largest lithium producer in the world and has announced plans to aggressively expand production. FMC Corporation primarily serves the agricultural industry, providing solutions to enhance crop yield and quality. FMC is planning to sell off around 15 percent of its lithium business in an IPO late this year, giving the business a market value of more than $3 billion.

Major lithium producers all had big runs in their stocks over the last couple years and some still trade at or near all-time highs. But large upsides in these companies from this point may be difficult to achieve. Going forward, some of the largest potential market gains are likely to be found in select junior miners.

For more information on Lithium Chile visit Lithium Chile (TSX.V: LITH) (OTC: LTMCF)

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[nygrande]

http://resourceworld.com/index.php/equitorial-encounters-1-9-li2o-over-31-88-metres-at-cat-lake/

[nygrande]

QMC Quantum Minerals Signs NDA for Lithium Mineralization Testing

Source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1147-tsx-venture/qmc/48195-qmc-signs-nda-for-lithium-mineralization-testing.html

[nygrande]

Balance of Power Reading in Focus For Air France Ads (AFLYY) and Qmc Quantum Minerals Corp (QMCQF)

Posted by Staff Contributor on June 9, 2018 at 8:39 am
Air France Ads (AFLYY) has traders on alert as the Balance of Power signal has continued a strong downward trend over multiple trading sessions.

The BOP oscillates around zero center line in the range from -1 to +1. Positive BOP reading is an indication of buyers’ dominance and negative BOP reading is a sign of the stronger selling pressure. When BOP is equal zero it indicates that buyers and sellers are equally strong. The resulting raw BOP values can be optionally smoothed using any moving average type and drawn as a line or histogram.

Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level. With markets still riding high, the big question is whether the momentum will push stocks higher or if the bears start to take over. There may still be a few undervalued stocks with much more upside potential ready to make big moves. Finding these stocks may involve doing a little more homework. Investors may be looking to take advantage of any little sell-off that might provide some bargain buying opportunities.

The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns. Air France Ads (AFLYY) has a 14-day RSI of 38.88, the 7-day is at 40.31, and the 3-day is resting at 33.22.

Air France Ads (AFLYY) currently has a 14-day Commodity Channel Index (CCI) of -103.86. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Shares of Air France Ads (AFLYY) have a 200-day moving average of 13.26. The 50-day is 9.45, and the 7-day is sitting at 8.27. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels.

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Air France Ads (AFLYY) is 28.28. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors.

The Williams %R is designed to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The 14 day Williams %R for Air France Ads (AFLYY) is noted at -70.83. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.

Qmc Quantum Minerals Corp (QMCQF) shares have seen the Balance of Power trend lower over the past few sessions, indicating potential price moves are ahead.

The Balance of Power (BOP), indicator was developed by Igor Livshin and it was introduced in the August 2001 issue of Stocks and Commodities Magazine.

Once the individual investor has figured out a plan to analyze stocks, they can begin to start building a portfolio. Because not everyone has the same goals, time horizons, and risk appetites, it is hard to provide one answer to the question of how to construct the perfect winning stock portfolio. Although every investor’s goal is typically to beat the market and secure consistent profits, this is no easy accomplishment. Professionals have spent many years studying the ins and outs of the stock market. There are certain strategies that may work better during different market cycles, but it is hard to say with any certainty that they will continue to work in the future. Markets and economic landscapes are constantly changing, and being able to keep up with the changes might involve tweaking strategies that have previously been successful but no longer are.

Technical investors may be checking certain levels on Qmc Quantum Minerals Corp (QMCQF) shares. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX presently sits at 19.71. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Qmc Quantum Minerals Corp (QMCQF)’s Williams Percent Range or 14 day Williams %R is resting at -82.82. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

When performing stock analysis, investors and traders may opt to view technical levels. Qmc Quantum Minerals Corp (QMCQF) presently has a 14-day Commodity Channel Index (CCI) of -123.35. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

Checking in on moving averages, the 200-day is at 0.49, the 50-day is 0.44, and the 7-day is sitting at 0.42. Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. Moving averages can be used to help smooth information in order to provide a clearer picture of what is going on with the stock. Technical stock analysts may use a combination of different time periods in order to figure out the history of the equity and where it may be headed in the future. MA’s can be calculated for any time period, but two very popular time frames are the 50-day and 200-day moving averages.

Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 40.31, the 7-day is 28.89, and the 3-day is currently at 11.83 for Qmc Quantum Minerals Corp (QMCQF). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns.

Source: https://www.derbynewsjournal.com/2018/06/09/balance-of-power-reading-in-focus-for-air-france-ads-aflyy-and-qmc-quantum-minerals-corp-qmcqf/

[nygrande]

http://www.mining-journal.com/capital-markets/news/1339537/tsx-top-risers-for-the-year-to-june-1

[nygrande]

Flurry of Supply Deals as World Scrambles for Tomorrow’s Lithium


A flurry of activity between producers and buyers is underway to lock down supply agreements for years to come. While Chinese buyers are leading the way with deals all over the world, North American buyers including Elon Musk’s Tesla Motors are also securing all that they can as the world prepares for the electric vehicle (EV) revolution.

These deals are happening earlier and earlier in the process as well, with Tesla’s latest deal being signed with a plant that’s not even built yet. The same goes for Chinese lithium buyer, General Lithium Corp., which is now signed on to buy supplies from a future Canadian mine that’s not expected to generate revenue until Q4 of 2019.

The winners in all this are the lithium producers, both present and future. These are based all over the world, including Australian miners Kidman Resources Limited (OTC: KDDRF), Pilbara Minerals Limited (OTC: PILBF), Chile’s Sociedad Quimica y Minera de Chile (NYSE: SQM), and Canadian miners Nemaska Lithium (OTC: NMKEF) (TSX: NMX) and QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF).

A lithium supply gap is forcing buyers to aggressively jockey for position on global supplies as they roll off the production line. While this war for supplies heats up, the buyers must also be keeping tomorrow’s lithium mines and the miners on their radar.

These include the Mount Holland lithium JV project of Kidman Resources and SQM in Western Australia, and the Whabouchi Mine in Quebec, Canada, owned by Nemaska Lithium. Both of these mines are yet to be built, however, the bulk (if not all) of their supplies are already spoken for.

Calls are flooding other miners who are set to produce soon, like Pilbara Minerals on its Pilgangoora lithium-tantalum project—Despite the fact that the first stage is already 100% signed away to buyers General Lithium, and Ganfeng Lithium. Hence, the market is now looking towards which project is next in line to get a dance partner.

One junior that’s possibly moving closer to its own production in the years to come is QMC Quantum Minerals Corp. Bolstered by its 100%-owned Irgon Mine flagship project in mining friendly Manitoba, Canada, QMC controls what could be another lithium massive resource. Now they’ve assembled a technical team tasked with bringing the previously historic non-compliant resource into compliance, and to significantly expand Irgon’s size and potential.

Supply deals are being signed seemingly everywhere, as the market for lithium is showing no signs of slowing down. In order to meet the demand, new projects must continue to develop into production. With buyers getting out ahead of their competitors earlier and earlier, the financing for these new projects will likely become smoother, faster, and more prevalent.

LUCRATIVE LITHIUM SUPPLIERS: PRESENT AND FUTURE

Kidman Resources Limited (OTC: KDDRF)

The Australian miner made international headlines as it signed a three-year lithium supply deal with arguably the world’s most famous EV manufacturer, Elon Musk’s Tesla Motors. The fixed-price deal is set to commence once Kidman’s project in Western Australia begins production. The Mount Holland hardrock lithium project in western Australia is a joint venture with Chile’s SQM, the world’s second-largest lithium producer. Kidman is also building a refinery to process its lithium into battery-grade material, which is expected to commence construction in 2021.

Sociedad Quimica y Minera de Chile (NYSE: SQM)

Set inside the Kwinana Strategic Industrial area, south of Perth, SQM and Kidman’s JV refinery is set to be commissioned in 2021. The project has an initial annual nameplate capacity of 44,000 tonnes of lithium hydroxide or 37,000 tonnes of lithium carbonate. While Kidman recently signed its supply deal with Tesla, SQM has also been working on its own deals back in its home base of Chile. Midway through May, SQM received more than $4 billion for selling a sizeable stake of itself to China-based Tianqi Lithium.

Pilbara Minerals Limited (OTC: PILBF)

Now that it’s on the cusp of commissioning its Pilgangoora lithium-tantalum project, Pilbara is already being inundated with requests for lithium supply, according to company boss Ken Brinsden. Already, 100% of the expected 300,000-350,000 tonnes per annum of spodumene is committed under offtake deals with General Lithium and Ganfeng Lithium. However, there’s still a possible stage 2 expansion on deck, should Pilbara approve a final investment decision valued at over US$155 million in July. Ganfeng, Great Wall Motors and POSCO have options over all of the planned stage 2 production of 500,000-550,000 tonnes per annum as well. As things stand for the next few years, Pilbara is sold out.

Nemaska Lithium (OTC: NMKEF) (TSX: NMX)

Much like Pilbara, Canada’s Nemaska Lithium now has its own lithium supply agreement with General Lithium Corp. Based in the province of Quebec, Nemaska’s Whabouchi Mine will supply a significant quantity of spodumene concentrate on a take-or-pay basis at a market priced-based formula, at the time of delivery. The supply period is set to commence after the construction of the Whabouchi Mine and continue up to the full ramp-up of an electrochemical plant in Shawinigan, Quebec. Nemaska expects the spodumene concentrate sales to generate revenue by the last quarter of 2019.

QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF)

While at a much earlier stage of development compared to Nemaska, QMC Quantum Minerals is making significant strides on its 100%-owned Irgon Lithium Mine Project in Manitoba. QMC recently reported it had engaged SGS Canada to provide technical support and consulting services to help carry out the company’s 2018 field exploration and drilling program. As well, SGS will use the data acquired through the 2018 exploration program to compile a NI 43-101 compliant technical report to confirm and potentially increase the previously non-compliant historical resource of 1.2 million tonnes at 1.51% Li2O. With a potentially massive resource in play, QMC could be the next Canadian lithium supplier.

MANITOBA’S MILLIONS OF MINING TONNES

With the possibility of a resource that could have significantly more than 1.2 million tonnes at 1.51% Li2O, QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) is getting closer to a major mining event in Manitoba. Having uncovered a long forgotten treasure in the Irgon Dike, QMC aims to capitalize on the significant increase in prices for today’s lithium versus when the discovery was first made.

Earlier in May, QMC disseminated historical assay results that were obtained during a 1956 channel sampling of the Irgon Dike where it is exposed underground in crosscuts on the 200-foot level. The company released a 3-D model, which demonstrates that, to date, exploration and underground development has been only undertaken on the upper and central portions of dike leaving significant potential to quickly increase tonnage, as the Irgon Dike is open both along strike and to depth.

The project was originally worked on by the Lithium Corporation of Canada in the 1950s, and now is finally getting an effective work program. With modern analysis, the potential for the project is far more massive than it was given credit for over 60 years ago. On site, a complete mining plant was previously installed, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. When work on the operation was suspended in 1957, the market for lithium oxides wasn’t favourable. However, with today’s prices (and the subsequent mad rush for supply and offtake agreements), the rebooting of the Irgon Mine project is not only sensible, but seemingly inevitable.

Disclaimer

Nothing in this article should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of ten thousand dollars for QMC Quantum Minerals advertising. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Source: https://www.baystreet.ca/articles/stockstowatch/39331/Flurry-of-Supply-Deals-as-World-Scrambles-for-Tomorrows-Lithium

[nygrande]

Quantum Minerals Corp. Aims to Take Advantage of Soaring Lithium Demand in 2018 and Beyond


Quantum Minerals Corp. (TSXV:QMC) was up 1.69% in late afternoon trading on May 25. Shares of Quantum have dropped 39.8% in 2018 so far. However, the company has progressed well in the month of May opening the door for speculative buyers. It had previously received a drill permit in mid-March for the Irgon Lithium Mine project.

The junior miner hopes to take advantage of market conditions that have ramped up lithium demand. A key development is the production of electric vehicles, which is expected to ramp up broadly in the next decade. Lithium was on the U.S. government’s final list of Critical Minerals for 2018. According to Patricio de Solminihac, CEO of Chilean producer Sociedad Quimica y Minera de Chile, lithium demand is set to climb by 20% this year.

On May 23 Quantum announced that it had engaged SGS Canada Inc. to provide technical support and consulting services for its field exploration and drilling program at its Irgon Lithium Mine. In early May Quantum disseminated historical assays to 2.3% Li20 over 7.3 feet. The assays compared “favourably” to its own 2017 surface channel samples that were released in March of this year.

Lithium demand growth has been driven by over 50% growth in the battery market for electric vehicles. According to data published by Allied Market Research, the global lithium ion battery market is projected to reach $46.21 billion by 2020 at a compound annual growth rate (CAGR) of 10.8%. This is reason enough to consider taking a flyer on Quantum Minerals which is looking to reboot a production field over half a century old.

source: https://www.baystreet.ca/stockstowatch/3825/Quantum-Minerals-Corp-Aims-to-Take-Advantage-of-Soaring-Lithium-Demand-in-2018-and-Beyond

[nygrande]

https://www.sensorsmag.com/components/demand-for-lithium-ion-batteries-outpacing-supply

[nygrande]

QMC Hires SGS Canada for Resource Estimate


NEWS PROVIDED BY

QMC Quantum Minerals Corp.
May 23, 2018, 08:00 ET

VANCOUVER, May 23, 2018 /CNW/ - QMC Quantum Minerals Corp. (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF) (QMC.V) ("QMC" or "the Company") is pleased to report that it has engaged SGS Canada Inc. ("SGS") to provide technical support and consulting services for the company's 2018 field exploration and drilling program at the Irgon Lithium Mine Property, located within the Winnipeg River Pegmatite Field, S.E. Manitoba. SGS will provide an experienced team of engineers and geoscientists with significant technical expertise pertaining to lithium pegmatite exploration and development, who will review existing documents and geological modelling of the historical data and will provide guidance to QMC on the upcoming 2018 field program and drilling campaign.

(Logo: https://mma.prnewswire.com/media/695267/QMC_Quantum_Minerals_Corp_Logo.jpg )

The data acquired through the 2018 exploration program recommended by SGS will be used by SGS to compile a NI43-101 compliant technical report, which is expected to confirm and potentially increase the non-NI43-101 compliant historical reported resource of 1.2 million tons of 1.51% Li2O within the Irgon Dike. In addition, the technical report will provide an estimate on the size of the other spodumene-bearing pegmatite dikes currently identified on the Irgon Lithium Mine Property, such as the Mapetre and the Central pegmatite dikes.

HISTORICAL RESOURCE

Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and subsequently reported a historical resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by B. B. Bannatyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions, and neither the company nor the QP has any reason to contest the document's relevance and reliability. The detailed channel sampling and a subsequent drill program will be required to update this historical resource to current NI 43-101 standards. Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li2O was obtained.

During this historical 1950-era work program, a complete mining plant was installed onsite, designed to process 500 tons of ore per day, and a three-compartment shaft was sunk to a depth of 74 meters. On the 61-metre level, lateral development was extended off the shaft for a total of 366 meters of drifting, from which six crosscuts transected the dike. The work was suspended in 1957 awaiting a more favourable market for lithium oxides, and, at this time, the mine buildings were removed.

The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the issuer is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified Person and NI 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Bruce E. Goad, P. Geo., who is a qualified person as defined by National Instrument 43-101.

About the Company

QMC is a British Columbia based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious, base, rare metal and resource properties of merit. The Company's properties include the Irgon Lithium Mine project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company's properties are located in Manitoba.

On behalf of the Board of Directors of
QMC QUANTUM MINERALS CORP.

"Balraj Mann"
Balraj Mann
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE QMC Quantum Minerals Corp.


For further information: Tel: [phone] I email: [e-mail] I web: http://www.qmcminerals.com

Source: https://www.newswire.ca/news-releases/qmc-hires-sgs-canada-for-resource-estimate-683436751.html

[nygrande]

All Current Projections For Lithium Demand Are Too Low

All Current Projections For Lithium Demand Are Too Low

[nygrande]

https://financialstrend.com/all-current-projections-for-lithium-demand-are-too-low-45637.html?utm_campaign=LCversion&utm_content=&utm_source=Yahoo&utm_medium=CPC&utm_term=

[nygrande]

up 10% today!

[nygrande]

Great potential

[nygrande]

Just got my 1st position here

[loren_s]

The results are in from the dike samples:

https://qmcminerals.com/wp-content/uploads/2018/02/NR-2018-02-26-QMC-Samples-2.62-Li20-FINAL.pdf

[gripchoke]

Sorry guys posted the wrong link.

https://finance.yahoo.com/news/qmc-quantum-minerals-corp-closes-134500152.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZAMwaWp2NGMxZDM3dGUzBGcDZFhWcFpEeHVjejR5WmpBeU9UUTBOUzFtWXpRMkxUTmpaREF0WWpObFlTMWpOakprWXpOaE1Ea3laRGgxZFdsa1BHNXpQbEZOUTFGRw0KBGxhbmcDZW4tVVMEb3JpZ19sYW5nA2VuBG9yaWdfcmVnaW9uA1VTBHBvcwMwBHJlZ2lvbgNVUwRzeW1ib2wDUU1DUUY-?.tsrc=applewf

[gripchoke]

https://finance.yahoo.com/news/qmc-quantum-minerals-corp-closes-192340470.html

[loren_s]

I hear ya. But from what I heard it’s a revenue issue and at this point they are pre-revenue. Once that’s starts picking up the PPS will follow. Lots of good prospects on the horizon for them currently though.

[animebrand]

Surprised this company gets no love. Sitting on the second largest lithium reserved in the world? To the moon!

http://news.sys-con.com/node/4208115

[Impacto]

Niceeeeee !!!!!!!

[Impacto]

Right on the 20, nice !!

[ClayTrader]

* * $QMCQF Video Chart 11-28-17 * *

Link to Video - click here to watch the technical chart video

[taconacho]

Agree