Latest news with #MarcyKiesman
Yahoo
4 days ago
- Business
- Yahoo
Quantum Critical Metals Advances Mineralogy and Metallurgy for James Bay Projects
VANCOUVER, BRITISH COLUMBIA - May 30, 2025 (NEWMEDIAWIRE) - Quantum Critical Metals Corp. (TSX.V: LEAP | OTCQB: ATOXF | FSE: 86A1) ("Quantum" or the "Company") is pleased to announce it has entered into a nondisclosure agreement with a specialized processing and hydrometallurgy laboratory to initiate metallurgical testing for its Discovery and NMX East projects, located in the Eeyou Istchee James Bay region of Quebec. Key Developments: - Significant Critical Metals Discoveries A detailed reassessment of drill core assays from both Qubec projects has confirmed elevated and consistent intervals of gallium, rubidium, cesium, niobium, and tantalum. These results support the identification of two distinct gallium-rubidium-cesium mineralized systems within the Company's portfolio. - Early Metallurgical Focus to Accelerate Recovery Assessment In a strategic move, Quantum is prioritizing mineralogical and metallurgical studies ahead of a formal resource estimate to evaluate the economic viability of metal recovery. This proactive approach aims to fast-track development and position the Company at the forefront of critical metal supply efforts in North America. - Innovative Gallium Recovery from Mica Initial findings suggest gallium may be hosted in mica, a non-traditional source. While gallium is typically extracted as a byproduct of bauxite or zinc processing, historical studies show it can be recovered from mica using processing methods like floatation, followed by hydrometallurgy acid leaching techniques. The Company is engaging multiple laboratories to optimize this process. - Strengthening Domestic Supply Chains In light of China's December 2024 ban on gallium exports, Quantum's discoveries represent a timely and strategic opportunity to support North American critical mineral independence. These metals are essential for high-tech applications, including semiconductors, telecommunications, defense, and renewable energy. CEO Marcy Kiesman commented: "While advancing metallurgy early in a project's life cycle may be historically unconventional, it reflects our urgency and commitment to unlocking domestic sources of critical metals. Gallium and other critical elements are essential to critical next-generation technologies. By tackling the processing challenge now, we aim to help fill the growing global supply gap in addition to the growing price escalations which are competitive with gold." Pre-2015 data for gallium, rubidium, and cesium are estimated for visual representation purposes. These estimates are reasonable approximations based on available secondary sources, adjusted using inflation and known demand trends. * Next Steps: The Company will collect larger sample volumes from both sites to send to multiple hydrometallurgy laboratories for process optimization. Additional updates will be provided as results become available. About Gallium Gallium, a critical component in semiconductors, telecommunications, renewable energy sectors and may also be considered as a possible heat exchange medium in nuclear reactors. Canada and the USA rely on gallium for telecommunications, defense, and green energy. Gallium is also used in semiconductors, AI circuitry, radar and microchips and could be more critical than previously realized. Source: Market Size In 2023, global high-purity gallium production was estimated at 320 tonnes, with total primary production capacity reaching 1,100 tonnes per year. Demand for gallium is projected to grow due to its role in semiconductors, 5G technology, and renewable energy applications. 2. Key Applications: - Semiconductors: Gallium arsenide (GaAs) and gallium nitride (GaN) are critical in chips for smartphones, satellite communications, and defense systems. - Renewable Energy: GaN is used in solar cells and LEDs. - Emerging Technologies: Gallium is a key component in next-generation technologies such as quantum computing, 5G networks, and advanced radars. 3. Geopolitical Considerations: China has imposed export controls on gallium, exacerbating supply chain challenges for the U.S. and its allies. These restrictions are part of a broader trade conflict over critical technologies. Countries like the USA are ramping up efforts to develop domestic gallium sources and processing capabilities to reduce reliance on China. Sources: About Rubidium Today, most rubidium is obtained as a byproduct of lithium and since it is easily ionized it can be used to propel spacecraft engines (ion). Rubidium's critical role in emerging technologies and its limited supply make it a valuable strategic resource. 1. Market Size and Growth: Rubidium is a niche market, with an estimated global annual consumption of less than 2,000 kilograms, primarily for high-tech applications. Prices for high-purity rubidium compounds are significant, often exceeding $1 million per tonne for rubidium oxide, driven by its rarity and specialized uses. 2. Applications: - Specialty Glass: Used in fiber optics and night-vision technology. - Telecommunications: Serves as an atomic frequency standard in GPS systems. - Quantum Computing: Ultra-cold rubidium atoms play a key role in quantum research. - Batteries: Potential use in sodium-ion batteries, an emerging alternative to lithium-ion technology. 3. Growth Drivers: Advances in quantum computing and demand for robust, low-temperature battery technologies are expected to boost rubidium consumption. The inclusion of rubidium on critical minerals lists highlights its strategic importance, especially as global reliance on China's supply raises supply chain concerns. 4. Geopolitical Factors: China's dominance in rubidium production and recent export restrictions have prompted countries like the U.S. and Australia to accelerate exploration and development of domestic resources. Sources: About Cesium Cesium is a rare, silvery-gold alkali metal known for its high reactivity and unique properties. It plays a critical role in various high-tech applications, including atomic clocks, medical imaging, and oil and gas drilling operations. The global cesium market is experiencing steady growth, driven by its expanding use in these and other advanced technological fields. 1. Market Size and Growth: The global cesium market was valued at approximately USD 363.58 million in 2024 and is projected to reach nearly USD 601.72 million by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth is driven by increasing demand in various high-tech applications and the element's strategic importance. 2. Applications: - Medical Industry: Cesium isotopes are utilized in cancer treatment, particularly in brachytherapy for targeting specific areas with radiation. - Oil and Gas Industry: Cesium formate is employed as a high-density, low-viscosity drilling fluid, enhancing the efficiency of drilling operations. - Electronics: Cesium compounds are used in photoelectric cells, enhancing their efficiency and performance. - Atomic Clocks: Cesium's precise frequency standards are fundamental in the operation of atomic clocks, which are critical for GPS systems and telecommunications. - Quantum Computing: Cesium atoms are explored for their potential in quantum computing applications, contributing to advancements in this emerging technology. 3. Growth Drivers: The increasing importance of cesium in cancer treatments and its diversified applications across various industries are significant growth drivers. Additionally, the rising demand for cesium in petroleum extraction and advancements in quantum computing technologies contribute to market expansion. 4. Geopolitical Factors: China's dominance in the production and supply of cesium has raised concerns about supply chain vulnerabilities. Recent export restrictions by China on critical minerals have prompted other countries to seek alternative sources and develop domestic resources to ensure a stable supply. Sources: "Cesium Market Poised for Growth at 6.5% CAGR, Reaching USD 601.72 Million by 2032" "Cesium Market to Expand by USD 3.57 Billion from 2024-2028, Driven by Growing Role in Cancer Treatment" "China Imposes Export Controls on Medium and Heavy Rare Earth Materials" * Chart Data Sources Gallium - Strategic Metals Invest. (n.d.). Gallium prices. Retrieved May 25, 2025, from U.S. Geological Survey. (20052024). Mineral commodity summaries: Gallium. U.S. Department of the Interior., Baldwin, W. G., Bock, E., Chow, A., Gesser, H. D., McBride, D. W., & Vaidya, O. (1980). The acid extraction of gallium from ores. Hydrometallurgy, 5(3), 213225. Rubidium - U.S. Geological Survey. (20052024). Mineral commodity summaries: Rubidium (various years). U.S. Department of the Interior. Sigma-Aldrich. (n.d.). Rubidium products and pricing. Retrieved May 25, 2025, from American Elements. (n.d.). Rubidium price and availability. Retrieved May 25, 2025 from Cesium - U.S. Geological Survey. (20052024). Mineral commodity summaries: Cesium. U.S. Department of the Interior. Critical Raw Materials Alliance. (2022). Cesium as a strategic mineral resource. Sigma-Aldrich. (n.d.). Cesium compounds and pricing. Retrieved May 25, 2025 from Gold - MacroTrends. (n.d.). Historical gold prices 100 year chart. Retrieved May 25, 2025, from London Bullion Market Association. (n.d.). LBMA gold price. Retrieved May 25, 2025 from About Critical Metals Critical metals are essential components in modern technologies, including renewable energy systems, defense applications, and advanced electronics. Both the United States and Canada have identified specific lists of critical minerals vital to their economic and national security. The U.S. Geological Survey's 2022 list includes 50 critical minerals, while Canada in 2024 has designated 34 minerals as critical. Recent geopolitical developments have heightened concerns over the supply chain security of these critical metals. China, which holds a dominant position in the production and processing of several critical minerals, has implemented export bans affecting the West. These actions underscore the strategic importance of diversifying supply chains and developing domestic sources for critical metals to mitigate geo-political risks and ensure the stability of essential industries. About Quantum Critical Metals Corp. Quantum Critical Metals Corp. (TSX.V: LEAP) (OTCQB: ATOXF) (FSE: 86A1) is a Canadian mineral exploration company focused on advancing critical metals projects that power next-generation technologies. With a growing portfolio of promising assetsincluding the NMX East Gallium-Rubidium-Cesium Project in Qubec, the Discovery Gallium-Rubidium-Cesium and polymetallic project in Qubec, the Victory Antimony Project in British Columbia, and the newly acquired Prophecy Germanium-Gallium-Zinc Project in British Columbia, among others, the Company is strategically positioned to support the West's transition to a secure and sustainable critical metals supply. To stay updated on Quantum's latest developments, sign up for our mailing list and visit and Marcy Kiesman, CEOTelephone: 604.428.2900 or 604.339.2243Email: info@ Website: Forward-Looking Statements This news release contains "forwardlooking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR at Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Globe and Mail
09-04-2025
- Business
- Globe and Mail
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. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Yahoo
27-02-2025
- Business
- Yahoo
Durango Expands Land Position at Babine South Gold Silver Copper Zinc Project, British Columbia
VANCOUVER, BRITISH COLUMBIA - February 27, 2025 (NEWMEDIAWIRE) - Durango Resources Inc. (TSX.V: DGO) (OTCQB: ATOXF) (Frankfurt: 86A1) ("Durango" or the "Company") announces that following the positive assay results announced on February 25, 2025, the Company has expanded its 100%-owned Babine South gold-silver-copper-zinc exploration project, located in the Babine Porphyry Belt north of Smithers, British Columbia. The newly staked claims increase the project's total size to approximately 1,070 hectares across four mineral claims. Figure 1. Durango's New Claim Boundary for Babine South Property Marcy Kiesman, CEO of Durango Resources, commented, "Following our site visit, assay results from sampling, and further study of the area, we have strategically expanded our land position at Babine South. Durango remains committed to strengthening its land portfolio with a focus on critical metals to align with increasing global demand." PDAC Durango would also like to invite you to visit the Company at Booth 2419A during the annual Prospectors & Developers Association of Canada ("PDAC") at the Metro Toronto Convention Centre on Sunday March 2nd and Monday March 3rd. Representatives from the Company will also be available to discuss Durango's projects throughout the convention period. About PDAC The World's Premier Mineral Exploration & Mining Convention is the leading event for people, companies and organizations connected to mineral exploration. This annual convention in Toronto, Canada is known for attracting up to 30,000 attendees from over 130+ countries for its educational programming, networking events, outstanding business opportunities and fun. Since it began in 1932, the PDAC Convention has grown in size, stature and influence. Today, it is the event of choice for the world's mineral industry hosting more than 1,100 exhibitors and 2,500 investors. Register ( About the Babine South Gold-Silver-Copper-Zinc Project The Babine South Gold-Silver-Copper-Zinc Project is a 100%-owned exploration property of Durango Resources Inc., situated in the Babine Porphyry Belt, north of Smithers, British Columbia. Encompassing approximately 1,070 hectares across two mineral claims, the property hosts historical silver adits from the 1920s and 1930s, with records indicating the production of 94 kilograms of silver from trenching activities. The geological setting features Cache Creek Group greenstones, where mineralization occurs in quartz-carbonate veins and shears within foliated greenstone (amphibolite). Notable minerals identified include argentiferous galena, sphalerite, tetrahedrite, argentite, chalcopyrite, native silver, pyrrhotite, and pyrite. Recent sampling efforts have yielded significant assay results, with values up to 3.39 grams per tonne gold, 3430 grams per tonne (110.3 oz/t) silver, 8.86% zinc, and 1% copper, underscoring the property's potential for hosting an epithermal polymetallic deposit. Additionally, the presence of ultramafic rocks such as peridotite, pyroxenite, and dunite suggests potential for nickel and platinum group element (PGE) mineralization, aligning with Durango's focus on critical metals exploration. For more information on the Company's entire Babine portfolio, please visit: About Critical Metals Critical metals are essential components in modern technologies, including renewable energy systems, defense applications, and advanced electronics. Both the United States and Canada have identified specific lists of critical minerals vital to their economic and national security. The U.S. Geological Survey's 2022 list includes 50 critical minerals, while Canada in 2024 has designated 34 minerals as critical. Recent geopolitical developments have heightened concerns over the supply chain security of these critical metals. China, which holds a dominant position in the production and processing of several critical minerals, has implemented export bans affecting the West. These actions underscore the strategic importance of diversifying supply chains and developing domestic sources for critical metals to mitigate geo-political risks and ensure the stability of essential industries. Melanie Mackay, PGeo, EGBC (Engineers and Geoscientists British Columbia) 35256, APEGA (Association of Professional Engineers and Geoscientists of Alberta 305012), is a director and qualified person for Durango and approves the technical content of this news release. None of the historical information in the release has yet been verified by the Company and should not be relied upon. About Durango Durango Resources Inc. (TSX.V: DGO) (OTCQB: ATOXF) (Frankfurt: 86A1) is a Canadian exploration company focused on advancing critical metals projects to support the West's growing demand for secure and sustainable mineral supply. The Company holds a 100% interest in multiple strategically located properties, including the NMX East Gallium & Critical Metals Project near the Whabouchi lithium deposit in Qubec, as well as claims in the Babine Copper-Gold Porphyry District and Troilus Gold Camp. With an experienced management and technical team, Durango is committed to unlocking new mineral discoveries and contributing to Canada's critical minerals strategy. For further information on Durango, please visit and Marcy Kiesman, CEOTelephone: 604.428.2900 or 604.339.2243Email: durangoresourcesinc@ Forward-Looking Statements This news release contains "forwardlooking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR at Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. View the original release on Sign in to access your portfolio
