Abitibi Metals Corp C.AMQ

AMQ's 'Once in a Decade' Story

[MarketMakerss]

Amid the accelerating global race for critical metals, Canada's Energy Minister and Natural Resources Minister have warned the country must accelerate its own energy transition for economic security. (Source: https://financialpost.com/commodities/energy/electric-vehicles/china-leads-energy-transition-canada-natural-resources-minister)

As China has gained an advantage in three industries that are essential to the energy transition, renewable energy, zero-emission vehicles and critical minerals, Natural Resources Minister Jonathan Wilkinson said that Western countries must catch up to China as they're leading on multiple fronts.

With this, Canada's Energy Minister announced the intention to accelerate critical mineral mining by slashing the time it takes to develop new critical mineral mines by nearly a decade with an improved permitting process.

As detailed in "A Canadian Mining Story Unfolding in Real Time: The Hunt for Critical Metals", Abitibi Metals (AMQ.c AMQFF) has emerged as a potential 'once-in-a-decade' story amid it's pursuit of uncovering hundreds of millions of pounds of copper in Quebec's mineral-rich Abitibi Greenstone Belt in Quebec: https://braydensutton.substack.com/p/a-canadian-mining-story-unfolding

AMQ has emerged as a compelling player with its B26 Project, a high-grade Polymetallic Copper Deposit located in the mineral-rich Abitibi Greenstone Belt in Quebec with an indicated resource of 6.9MT @ 2.94% Cu Eq and an inferred resource of 4.41MT @ 2.97% Cu Eq.

Currently, AMQ is completing the first phase of its fully funded 30,000m 2024 field season at B26, targeting a minimum of 10,000m by the end of March.

As detailed by AMQ's CEO Jon Deluce,

“This initial phase of our drill program aims to test the open-pit potential at the B26 Deposit with the goal of increasing near-surface tonnage over a 1.2-kilometre strike length. As the program progresses, we will then shift focus to advancing and expanding the existing high-grade underground resource. The current drilling is starting to demonstrate the potential of the B26 Deposit, and positive results should add blue sky potential and value to an already advanced copper-gold resource at the Project.”

Jon Deluce, a mining executive from the esteemed Deluce family known for their significant contributions to the mining industry, brings a wealth of experience and influence to the company. Plus, AMQ is tightly held by Jon and the Deluce Family commanding the majority of the ~90M fully diluted outstanding shares.

Throughout 2023, AMQ bolstered its value creation through the successful execution of a number of milestones, including bringing on strategic investors in Frank Giustra and Greg Chamandy as well as numerous other high-value partners and shareholders, thus reaching its financing goals and raising almost $15M.

Boasting a tightly held, warrant-free structure with significant insider ownership and a share count below 100M, AMQ's narrative is clear amid growing momentum and a catalyst-filled 2024.

For more information, you can hear from Jon Deluce directly as he recently joined Doc Jones Resource Investor on Twitter Spaces to discuss the B26 deposit and current drill program: https://twitter.com/drjimjonesceo/status/1757453070630326696

Posted on Behalf of Abitibi Metals Corp.