Quest Rare Minerals Ltd. (fka QRMLF)

[vinvinder]

QRMLF is now P115148 in my account.

Is the "P" designation for < Capital Pool Co. > or < 1st Class Preferred > ?

Incorporated in Canada but was only trading on US side has "QRMLF" so I am at a loss as to which Country's "Designation" rules this falls under.

[trader59]

They were in bankruptcy:

https://www.globenewswire.com/en/news-release/2018/01/26/1305365/0/en/Quest-Rare-Minerals-Ltd-s-Proposal-Under-the-Bankruptcy-and-Insolvency-Act-Canada-Has-Been-Accepted-by-Its-Creditors.html

Existing shares were cancelled as part of that plan.

[vinvinder]

Did they just voluntarily request to be delisted?

I found these https://opengovca.com/corporation/9277358

https://opengovca.com/corporation/6784933

and on the "Corporation Changes History" of 1st link

we see an amalgamation effective date of 2018-07-26

From Quest to Torngat. 2nd link confirms status of Quest "Inactive - Amalgamated "

Did they wait this long to do a name change? Are they allowed to wait that long?

and this too https://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00026016

Check the address

Thanks Renee; your help is greatly appreciated.

[Renee]

Perhaps the new shares are trading. The QRMLF shares were cancelled so those shares cannot trade unless a Broker has made a mistake by allowing trades of the QRMLF ticker. This all happened on friday so it is possible a Broker has made a mistake and will have to reverse those trades.

[vinvinder]

why is it still active? I'm at a lose as to what this is then?

[Renee]

QRMLF: Shares Cancelled pursuant to Plan of Reorganization.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[eros]

what is your time projection for QRMLF to really start moving?

[vinvinder]

Quest and Torngat Metals have same business number. links...

https://opengovca.com/corporation/6784933
and
https://opengovca.com/corporation/9277358

Check out "Corporation Changes History" section on TORNGAT more specifically the date of 2018-07-26

you self SPACing R/M of a Bitch

[vinvinder]

More current Market-Research that mentions QRM as an "ACTIVE" entity https://info-centrafrique.com/2021/06/14/rare-earth-elements-taille-du-marche-en-2021-nouveau-rapport-donnees-est-le-plus-recent-pour-global-separement-limpact-du-marche-interieur-et-mondial-joueurs-top-les-fabricants-de-donnees-opport/
and 1 more thing. The people who compile and charge like $3600 for single user market reports DO THEIR HOMEWORK! Plus with this https://pitchbook.com/profiles/company/54179-74#overview . Now its just a game of patients.

[vinvinder]

I know it a bit f'ed up but if you stop this link from fully loading you can actually see the 1st main page from
"Garner Insights" Market trends report on Ree's. And QUEST is mentioned OFTEN. https://garnerinsights.com/Global-Rare-Earth-Compounds-Industry-Market-Trends-By-Regional-Analysis-America-Europe-Asia-Pacific-and-Middle-East--Africa-Growth-Opportunity-and-Industry-Forecast-2021-2027#request-sample
Full report is $3600...ahhh....NO Thanks.

[vinvinder]

Article May 5th 2021 but in French. It does mention Quest and Strange Lake https://journallactionregionale.com/2021/05/05/composes-de-terres-rares-marche-2021-analyse-geographique-avec-previsions-futures-jusquen-2027-2/

[vinvinder]

A not too old article from 2020 http://www.asianmetal.com/news/data/1537582/Torngat%20focuses%20on%20Strange%20Lake%20rare%20earth%20project's%20PFS

[vinvinder]

And assignee for patents is TORNGAT now! https://patents.google.com/patent/CA3008040A1/en?inventor=John+Richard+GOODE

[vinvinder]

https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=9277358
and here too https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=6784933
go down to "Corporate History" section on 1st link.

[eros]

I went to their website Torngatmetals.com.
The Strange Lake Project in Quebec Canada is one of the largest areas of rare metals ore in the world.
Dirck Naumann the company's CEO gave an interview on the magazine Asian Metals regarding the company .
He said the main challenge for the company is the financing.
He stated that production of the rare metals will start in 2023

[eros]

Torngat Metals.
Bloomberg wrote this sometime ago.
But why no action all this time??

[vinvinder]

Look what I found S-W and check out who the Acquiring Company is. https://pitchbook.com/profiles/company/54179-74#overview

[Silent Warrior]

I emailed TSX asking how long a bankrupt company would be allowed to trade. Will let you know if I get a response. It just doesn't make sense to me that shares would continue to trade two years later, if that is true.

[vinvinder]

Would be amazing if true but don't think so. Its in Quebec and most of articles is in French. Every article I find that mentions "QUEST" say the french word "faillite" which translated is Bankruptcy.
The most recent Article here from October 2020 clearly states it again. https://www.lenouvelliste.ca/affaires/parc-industriel-et-portuaire-de-becancour--lespoir-dun-projet-de-terres-rares-renait-21ec822cc47725d69e496fa519f828ef

[Silent Warrior]

I have been looking into this a little deeper. To me it appears that Quest Rare Minerals (QRM) was reorganized, the resulting consortium formed QRMLF.

Torngat Minerals is also associated somehow, but is not mentioned anywhere that I have found in public documents.

If QRMLF truly has been bankrupt since March of 2018, how could shares continue to be traded for two years following a termination of a company?

I am not convinced that this is a done deal as shares continue to be available for trade.
https://www.pwc.com/ca/en/car/quest/assets/quest-013_011518.pdf

[vinvinder]

This is a dead bankrupt TSX venture. Last news was "TAKE NOTICE that, on the 23rd day of March 2018, Me Chantal Flamand, Registrar, has approved and homologated the proposal of Quest Rare Minerals Ltd. dated January 3, 2018, as amended on January 11, 2018, accepted by the creditors at a meeting held on the 24th day of January 2018."

link: https://www.pwc.com/ca/en/services/insolvency-assignments/quest.html

[eros]

Does anybody knows if any news is coming?
What is going on with the company?Any hope for future function?

[wyomingdude]

What caused the large volume and price to surge?

[eros]

What will take to awaken this sleeping giant ?
I do not see any giant only a pinky penny stock Wyoming dud.

[eros]

I bought few last week.
Lets see what is going to happen.

[eros]

I was told to buy QRMLF.
Should I buy it?

[Cambreau]

7 trades less than $600 volume and still up 60%. Watch out if this stock ever gets some real volume.

[wyomingdude]

What will it take to awaken this sleeping giant?

[ATRACKMAX]

there was a decent bid at .03 and its gone.

[ATRACKMAX]

whos buying them shares

[bmswim]

Bid moving up.

[georgie18]

QRMLF...023...plus 360%...skinny ask...

[buxmaker]

Hopefully. Someone has been accumulating this thing for months. It went to .06 in September on huge volume, .04 in January on huge volume and now it is rising again. Hopefully it will hit or beat those levels this time around.

[bmswim]

Strange action....maybe news coming?

[buxmaker]

Heavy buying coming into QRMLF. Just had a 300K buy at .02

[buxmaker]

Almost 700K traded so far today in QRMLF. Looks good.

[georgie18]

QRMLF...01 x 02...Plus 100%...

[ATRACKMAX]

.0006 soon

[wallstreet1231]

I agree, been adding as well.

[buxmaker]

I have been buying QRMLF at .01. Seems to have formed a strong base at that level. Big blocks were purchased at .025 and .035 last week. Looks like it is ready for a move higher.

[wallstreet1231]

.06 short term with much higher longer term is my opinion.

[bmswim]

I smell a run coming

[georgie18]

QRMLF...014s clearing...

[wallstreet1231]

Very excited for a potential reverse merger to be realized here. Always great to be in on the ground floor. Very optimistic for great returns here All the best everyone.

[ATRACKMAX]

this is dead

[wallstreet1231]

Slate appears now to be clean. Off to the races. Getting interesting.

[Golden Cross]

$QRMLF Tier_Change: Pink Current to Pink No Information

OTCM Link
https://www.otcmarkets.com/stock/QRMLF/disclosure

[wallstreet1231]

I agree - it's a buy. Sometimes you just have to hit the buy button based on action/accumulation. Follow the money.

[wallstreet1231]

Accumulation continues.

[wallstreet1231]

Accumulation time.