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NPK 0.870 +1.2% GRZ 6.26 −1.4% AVL 5.23 +3.0% TSLV 0.085 −5.6% MPVD 0.015 +0.0% DNG 6.61 +0.0% GLO 0.610 −4.7% CTGO 27.39 +0.5% SKE 45.73 −1.1% MTA 12.63 −0.7% VMET 14.15 +1.8% IMM 0.065 +0.0% LMCU 9.60 −1.9% EFF 0.025 −16.7% AYA 37.44 −4.2% MDM 0.060 +0.0% NPK 0.870 +1.2% GRZ 6.26 −1.4% AVL 5.23 +3.0% TSLV 0.085 −5.6% MPVD 0.015 +0.0% DNG 6.61 +0.0% GLO 0.610 −4.7% CTGO 27.39 +0.5% SKE 45.73 −1.1% MTA 12.63 −0.7% VMET 14.15 +1.8% IMM 0.065 +0.0% LMCU 9.60 −1.9% EFF 0.025 −16.7% AYA 37.44 −4.2% MDM 0.060 +0.0%
Drill Results

Q2 Metals expands drilling at Cisco

By The Northwire Desk — AI Analysis Sep 04, 2025 · 17:40 QTWO · 0.79 Q2 Metals Corp.
QTWO · Price

Executive Summary

  • Q2 Metals completed a $26 million flow‑through private placement in August 2025, enabling an expanded drilling program at the Cisco lithium project.
  • To date, 46 drill holes totaling 20,138 m have been drilled since June 2025; three rigs are operating with a fourth slated for November 2025.
  • The company is targeting an initial inferred mineral resource estimate and continues metallurgical testing, regional mapping, and geophysical surveys.

Key Details

  • Financing: $26 million flow‑through private placement closed August 14, 2025; proceeds allocated to drill program expansion, regional mapping, sampling, and metallurgy.
  • Drilling Progress: 46 holes, 20,138 m drilled (June–August 2025); assays pending for all summer holes. Three rigs active; fourth rig expected November 2025.
  • Exploration Target (BBA Inc.): Conceptual estimate of 215‑329 Mt at 1.0‑1.38 % Li₂O for the mineralized zone (NI 43‑101 disclaimer).
  • Drill Program Focus: Infill drilling to tighten spacing along the 1.5 km NE‑SW strike length; additional outcrop testing with geophysical targeting.
  • Metallurgy: Phase 1 test work (2024 core) confirmed strong recoveries via dense media separation (DMS). Phase 2 design underway, slated to start September 2025.
  • Regional Mapping & Sampling: Ongoing across 41,253‑ha claim package; rock samples submitted, results pending. Orientation‑style geophysical surveys completed on part of the zone; further surveys contingent on validation.
  • Upcoming Events: Site tour at Cisco mid‑month; participation in industry conferences (details not specified).
  • Qualified Person: Neil McCallum, BSc, PGeol – director & VP Exploration, reviewed and approved technical information.

Notable Quotes

“Strong institutional support enabled us to complete the $26‑million financing… These funds have enabled Q2 to greatly accelerate our drill program, continue regional mapping and sampling programs, and expand on metallurgical test work.” – Alicia Milne, President & CEO

Materiality Assessment: Non‑Material – Positive (provides operational update with no immediate financial impact but indicates progress toward a resource estimate).

Read the original news release →

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Financings