Metal Quest Mining Inc V.MQM

Alternate Symbol(s): MQMIF

Metals & Mining Industrial Metals & Minerals

MetalQuest Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development mineral properties in Canada. The company explores for iron, zinc, lead, copper, silver, and gold deposits. It holds a 100% interest in the Lac Otelnuk Iron Ore project, which includes 306 claims located in Nunavik, Quebec and holds 100% interest in the Superior Iron Project comprises 569 mineral claims totaling approximately 27,425 hectares comprises 569 mineral claims totaling approximately 27,425 hectares. The company was formerly known as El Nino Ventures Inc. and changed its name to MetalQuest Mining Inc. in December 2022. MetalQuest Mining Inc. was incorporated in 1988 and is based in Vancouver, Canada.

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Metal Quest Mining Inc

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Post by cmarketinsightson Jan 21, 2025 2:02pm

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Post# 36413792

Fundamental Research released a research report on MQM

MetalQuest's Lac Otelnuk project is one of North America’s largest undeveloped iron ore resources, with the potential for a 100+ year mine life.

Key Highlights:

High-purity iron added to Canada's Critical Minerals list, opening doors for funding and tax incentives.
Historic Feasibility Study: NPV8% of $5.24B and IRR of 13%.
Management is seeking financing and a JV partner to complete a PEA within 10 months.
Recent strategic moves, including royalties on the Murray Brook project, align with long-term value creation.

Iron ore demand remains essential for steel production, and this designation positions MetalQuest as a key player in Canada's critical minerals strategy.

Read the full report here

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MetalQuest acquires critical metals project in Ontario's Ring of Fire