- 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
