{kanada_flagge}Late last year, Queensland Gold Hills (TSXV OZAU / WKN A3C9BH) announced an abrupt change in business direction. Instead of prospecting for gold in Australia, the company is now looking for lithium in Canada. The quality and location of the new project led investors to welcome this new direction almost euphorically.
{kanada_flagge}Late last year, Queensland Gold Hills (TSXV OZAU / WKN A3C9BH) announced an abrupt change in business direction. Instead of prospecting for gold in Australia, the company is now looking for lithium in Canada. The quality and location of the new project led investors to welcome this new direction almost euphorically.
Shortly before the company announced to acquire the Mia lithium project in Québec at the end of November 2022, the shares traded at only CAD 0.125, only to reach a 52-week high of CAD 0.54 a few days later! The lithium sector as a whole being red hot at the moment, as it is becoming more and more apparent that electromobility and the energy transition will be the dominant trends of the decade, played a big part in this..
In addition, there is an 8.3 kilometer long trend of discontinuous pegmatite intrusions within the Mia project area, within which nine metal deposits have been identified in the past directly on the Company’s property, including two lithium deposits, namely Mia Li-1 and Mia Li-2. And last but not least, the property is in an excellent neighborhood, located in the same region as Patriot Battery Metals’ and Li-FT Power’s projects, which have already demonstrated how successful lithium companies can develop in this region.
Shortly before the end of the year, then, came the news that 18 surface samples from the Mia project had been analysed and showed an average of 2.65% Li2O. No wonder, then, that the company wants to take into account the new focus on lithium and put the name Queensland Gold Hills to rest. Instead, it will begin trading on the TSX Venture Exchange on Jan. 9, 2023, under the new name Q2 Metals Corp. and with the symbol QTWO. This, the company said, takes into account both projects, Mia in Quebec and Big Hill Gold in Queensland. The ISIN will change, too, and will be CA74739G1072, now. A new website and new informational materials are expected in the coming weeks.
We hope and believe that the name change is just the first in a series of news this year that will see Q2 Metals report progress from the Mia project – and that the project will also be used to drive the stock. We think the odds are good, although it’s certainly remains a risky speculation.
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