- QMC
Quantum Minerals Corp. continues to concentrate on developing significant
resource properties
- The
company’s projects include the Irgon Lithium Mine Project and the Namew
Lake VMS Project
- Global
demand for lithium is expected to rise significantly in the coming years
QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE:
3LQ) engages in the acquisition, exploration and development of lithium and
other mineral resource properties. The company’s emphasis is currently focused
on the development of the high-quality, lithium-bearing Irgon Lithium Mine
project and two copper, nickel, zinc, palladium, platinum, silver and gold
volcanic massive sulphide (“VMS”) prospects. QMC Quantum Minerals (“QMC”) is
focused on becoming a leading international supplier of lithium to meet the
increasing demand for power from electric vehicles (“EVs”), mobile phones and
other electronic devices. The company’s experienced leadership team includes
specialists in mineral exploration, geology, engineering, new business
development and marketing. QMC has its corporate office based in Vancouver,
British Columbia.
Currently, all of QMC’s properties are within the Province
of Manitoba, one of Canada’s most productive, centrally-located mining regions.
These properties include the Irgon lithium mine project and two VMS properties,
the Rocky Lake and Rocky Namew Properties, which are collectively known as the
Namew Lake District project. QMC’s goal for these properties is to identify
economic mineral deposits for development and near-term production (http://ibn.fm/trCnU).
Mining.com (http://ibn.fm/KBBAf) recently highlighted a new study
indicating that “The outlook for lithium continues to shine, with demand from
companies that produce batteries to power electric cars, laptops and other
high-tech devices, expected to increase 650 percent by 2027, with overall
lithium demand forecast to rise more than threefold over that period.” It is
projected that the worldwide lithium-ion battery market will grow at a 13.7
percent CAGR through 2022, increasing to more than $67.6 billion. Moreover, the
projection extrapolates that the worldwide EV market will grow 28.3 percent
through 2026 (http://ibn.fm/eeTpT).
QMC’s 100-percent-owned flagship project is the Irgon
Lithium Mine. This project is only 20 km north of Tantalum Mining Corporation
of Canada’s (“TANCO”) mine, which has been North America’s most successful
lithium mine to date (http://ibn.fm/26pCT).
It is projected that the Irgon Lithium Mine will be the company’s first project
to reach production. The Irgon Mine project consists of the spodumene-bearing
Irgon Dike and a number of other known spodumene-bearing pegmatite dikes
located within 22 contiguous mineral claims covering 11,235 acres.
QMC is expected to commence preliminary testing of lithium
recoveries from a sample of the Irgon mineralization. This is the company’s
next step leading toward a positive production decision following its recent
successes in exploring for spodumene-bearing pegmatite dikes on its Irgon
property. In addition, the company will continue to assess the other,
potentially mineralized targets, as defined by significant geochemical
anomalies generated by the recent mobile metal ion (“MMI”) soil geochemical
orientation survey that took place over the Irgon Dike (http://ibn.fm/BgB1g).
QMC is also the sole owner of the Namew Lake District
project. Namew Lake has strong potential to host a major copper, nickel, gold,
silver, palladium and platinum deposit. This project, in northern Manitoba,
encompasses 57,000 acres. It is situated in the Flin Flon/Snow Lake VMS mining
district, one of the world’s more productive base metal mining areas (http://ibn.fm/pY4k9).
QMC is scaling up as it endeavors to meet the increasing
demand in the global lithium market. In addition to holding the historic
lithium resource (1.2 million tons at 1.51 percent Li2O) at the Irgon Mine, it
is also leveraging other opportunities by diversifying into the precious and
base metal sector through its Namew Lake project. QMC offers investors the
prospect of a healthy return on investment as a result of its commitment to
efficiency and cost savings regarding the Irgon Mine Lithium project, plus the
presence of many additional, untested, spodumene-bearing dikes and
geochemically-anomalous targets known to exist on the property.
For more information, visit the company’s website at www.QMCMinerals.com
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