Shares Of Junior Miner Jump on Breakthrough Gallium and Rubidium Discovery
Despite the wild gyrations in the stock market, underlying fundamentals will prevail in the long-term. One long-term trend is the need for more critical metals, which are essential components in modern technologies, including renewable energy systems, defense applications, and advanced electronics.
That fundamental theme is what has elevated shares of Quantum Critical Metals Corp. (TSX-Venture: LEAP) (OTCQB: ATOXF) as the company announced that it had re-examined its drill core assays at its 100% owned Discovery project, located in the Eeyou Istchee (James Bay) region of Québec, and has discovered elevated and consistent intervals of gallium, rubidium, cesium, niobium, and tantalum. Notably, the Company intersected 38gpt gallium, 694gpt rubidium, 72gpt niobium, 8gpt cesium, 9gpt tantalum over 150 meters from 44 to 194 meters.
According to the company, these programs were originally initiated for gold exploration, but given recent geopolitical developments regarding critical metals, the Company revisited these results to investigate any further potential that may exist than what was originally considered in the past.
As a function of this review, management believes it has uncovered its second gallium-rubidium-cesium discovery, joining the NMX East gallium-rubidium-cesium project in the Company's portfolio. The zones containing anomalous gallium, rubidium, cesium, tantalum and niobium were mostly pegmatite dykes, however several intercepts contained metasediments, granite and granophyre rock types.
Meanwhile the Company has also identified indicators of a potential VMS system intersecting these results, including anomalous lead-copper-zinc, which management believes also warrant further attention and investigation.
Speaking to this discovery, Marcy Kiesman, CEO of Quantum Critical Metals, commented: 'The Discovery Project has lived up to its name. What began as a gold-focused exploration campaign has now yielded a new discovery of critical metals at a time when the world needs them most. Gallium remains essential for future technologies, including telecommunications, and defense while global supply chains remain heavily dependent on China. These results not only solidify our position in the gallium-rubidium-cesium space but also expand the strategic relevance of our portfolio. With the geopolitical landscape shifting rapidly, our commitment to uncovering and securing domestic sources of these high-value metals is stronger than ever.'
Shares of LEAP were up 9.09% at $0.12 while U.S. listed shares (ATOXF) were even at $0.07 in mid-morning trading.
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