Hydrogen Project as a Potential Kicker

Many investors in the commodity sector are currently facing a difficult decision: Escalating debts and persistent geopolitical risks are driving up the gold price. At the same time, the decarbonization of the world continues to advance. Both trends promise sustainable growth. But which one should an investor focus on? The answer from Q Precious Battery Metals (CSE: QMET, WKN: A40QEV) is as simple as it is forward-looking: both, of course.

Having multiple irons in the fire is also a great advantage for exploration companies, especially when they are very hot irons. Q Precious Battery Metals has consistently worked itself into this highly interesting position over the past few years, as the company has systematically acquired promising projects for the exploration of gold and critical minerals.

Today, Q Precious Battery Metals therefore has seven separate projects that enable promising exploration for gold and critical minerals. The Canadian government has classified a total of 31 elements as critical. They are indispensable for use in modern technologies in energy generation and energy transmission. These include lithium, nickel, cobalt, copper, graphite, and rare earth elements.

QMET’s activities are focused on the southwest of the Canadian province of Quebec, a geologically highly attractive and at the same time very legally secure area. Here, Q Precious Battery Metals has five projects that are 100% owned by the company. They are exploring not only for gold but also for lithium, nickel, cobalt, zinc, molybdenum, and platinum group elements.

McKenzie East is an Excellent Gold Property

The McKenzie East gold property stands out. It is located north of the town of Val-d’Or in the well-known Abitibi Greenstone Belt. Not only are many explorers active in this region, but several gold mines and processing plants are also operated in the immediate vicinity. Q Precious Battery Metals is thus not only active in the right place but can also rely on a well-developed infrastructure there.

For example, the 1,656-hectare area is easily accessible year-round via several logging roads. Q Precious Battery Metals therefore does not have the problem of being unable to reach its own project or only being able to do so by helicopter. In Quebec, there is no winter break on the exploration projects, even in the cold season. On the contrary: when the ground is frozen and can easily support heavy technical equipment, work continues with particularly high intensity.

The 1,656-hectare McKenzie East gold property has bedrock covered by a layer one to 20 meters deep, consisting mainly of sand, gravel, and clay. Only about two kilometers away is the McKenzie Break project explored by Monarch Gold. On it, Monarch Gold was able to delineate an open-pit resource of 939,860 tons at 1.59 g/t Gold and an underground resource of 281,739 tons averaging 5.90 g/t gold.

The Golden Valley Property is also very promising. It is located about 170 kilometers north of the town of Val d’Or and 26 kilometers south of the Casa Beradi Mine operated by Hecla Mining, also in an established gold mining district where over 170 million ounces of gold have been produced in more than 100 mines since 1901.

Lithium and Critical Minerals are the Focus on the Other Projects

On the La Corne project, Q Precious Battery Metals focuses on lithium. However, the property is also considered promising for copper, zinc, lead, and molybdenum. An airborne magnetic survey already conducted confirms these assumptions, as do the ground-based studies. These works have identified several drilling targets.

Lithium is also the focus on the Pontax project. Here, 101 contiguous claims with a total area of 5,376 hectares are controlled. What currently makes this not very heavily explored property interesting are the successes of direct and more distant neighbors. These include Patriot Battery Metals with its Pontax project, Brunswick Exploration with its Stria lithium project, and the large properties controlled by Li-FT Power Ltd.

As exploration of the Pontax project is still in its very early stages, Q Precious Battery Metals is currently busy collecting and evaluating all available historical data to use as a basis for planning the first phase of its own exploration.

Exciting Hydrogen Project as a Bonus

The project portfolio is rounded off by the Lorrain project, which is currently being investigated for its hydrogen potential. This is because the project is located directly in the area of the major hydrogen discovery made by Quebec Innovative Materials (CNX QIMC) this summer!

This discovery not only triggered a significant rise in QIMC’s stock price but also sparked a veritable hydrogen and staking frenzy, with numerous new players striving to secure promising land positions. According to CEO Richard Penn, interest in QMET’s project has also increased significantly as a result. This is because the company has held the Lorrain project, located just 14 kilometers from QIMC’s property, for several years. However, they are only now beginning to investigate it for hydrogen. The company’s geologists are expected to visit the project this winter to collect initial samples.

In addition, there’s the Versant project where Q Precious Battery Metals will be searching for uranium and rare earth elements. This property is located near the community of Lac Jerome in the Cote-Nord region of Quebec province. A trend runs through the project that contains elevated uranium values as well as rare earth elements. This combination is very fascinating for Q Precious Battery Metals. The company is therefore eager to gather all available data and prepare for future work on the project.

Conclusion: A point in favor of Q Precious Battery Metals is that the various projects, as diverse as they are, are all located in Quebec and thus easily and quickly accessible. This spares the geological teams long journeys to widely separated projects. This saves a lot of time and money, which can instead be invested in further exploration of the projects. While the company is still at the beginning of its work on most projects, the greater risk associated with this is of course offset by greater opportunity. Will Q Precious Battery Metals be able to capitalize on it? The possibility is at least there. Goldinvest will therefore keep an eye on developments for its readers.