DGAP-News: Quebec Precious Metals Corporation: Vital Acquires Kipawa and Zeus Projects from Quebec Precious Metals Corporation for C$8 Million; Strengthens Canadian Rare Earths Portfolio
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Tuesday, August 10, 2021
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QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation's lonore gold mine.
Key Points:
- QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation's lonore gold mine.
- Vital Metals Limited (VML) is Canada's rare earths producer following commencement of operations at its Nechalacho rare earths project in Canada in June 2021.
- It holds a portfolio of rare earths, technology metals and gold projects located in Canada, Africa and Germany.
- The Kipawa open-pit design utilized a marginal (or milling) cut-off value of $48.96/t and a break-even cutoff value of $60.70/t.