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Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) has announced an agreement with 9219-8845 QC Inc., also known as Canadian Mining House (CMH), to buy back the 2% Net Smelter Production Royalty (NSR) on the Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec.
Q2 Metals’ Progress
The NSR buyback marks another significant step for Q2 Metals. The company is currently conducting its inaugural drill program at Mia. Alicia Milne, CEO and President of Q2 Metals, expressed her excitement about the progress and the anticipation of reporting sampling and drill results.
Details of the NSR Buyback
The NSR buyback will cost Q2 Metals a total of $1,650,000. The company will pay $500,000 cash upon closing, with the remaining $1,150,000 payable in cash and/or common shares of the company by December 31, 2023.
About Q2 Metals Corp
Q2 Metals Corp. is a Canadian mineral exploration company. It is currently advancing exploration of its Mia Lithium Property in Quebec, Canada, and the Stellar Lithium Property. Q2 is also exploring the Big Hill and Titan gold projects in Queensland, Australia.
This news release contains forward-looking statements within the meaning of applicable Canadian legislation. These statements refer to future events or results that may occur. However, actual results may differ materially from those in the forward-looking statements due to various factors.
Company Website: https://www.q2metals.com
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