Northwire Canada EditionThursday, August 6, 2026
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M&A / Property

Quantum Critical to expand Victory to 1,444 hectares

LEAP · Price

Executive Summary

  • Quantum Critical Metals Corp. has applied to increase the Victory antimony property on Graham Island, B.C., to a total of 1,444 ha, pending approval by B.C. Mineral Titles Online.
  • The expansion will protect historic Minfile showings and enable access development, geological mapping, and outcrop sampling.
  • The release also references the recent private placement that raised approximately $2.01 M in gross proceeds (closed July 18 2025).

Key Details

  • Application Submitted: Quantum seeks approval to expand Victory from its current size to 1,444 ha.
  • Location: West side of Graham Island, Haida Gwaii, British Columbia.
  • Historical Context: Original discovery in 1988 by Newmont Exploration; 1989 chip sample assayed 11.8 % As, 1.24 % Sb, 0.136 % Hg; mineralization reported at 5 % stibnite over a width of 2.5–3 m and length of 10–12 m.
  • Planned Activities (subject to approval):
  • Initiate access development to the expanded area.
  • Conduct field programs including verification of historic Minfile showings, detailed geological mapping, and outcrop sampling.
  • Strategic Rationale: Expansion safeguards coverage of known mineralization, supporting Quantum’s goal of building a resilient domestic supply chain for antimony—a critical metal for defence, energy storage, and electronics.
  • CEO Comment: Marcy Kiesman emphasized the importance of securing reliable antimony sources to enhance Canada’s critical‑metal independence.
  • Qualified Person: Melanie Mackay, P.Geo., EGBC (Director) approved the technical content.
  • Private Placement Reference: Recent offering closed with $2,009,100.30 gross proceeds; $54,217 paid as finder fees; 541,170 broker warrants issued at an exercise price of $0.20 per share, exercisable for two years.

Notable Quotes

  • “Securing reliable sources of antimony is becoming more important than ever. By expanding the Victory property to cover the known Minfile showing, we demonstrate our commitment to building a resilient, domestic supply chain for critical minerals.” – Marcy Kiesman, CEO, Quantum Critical Metals Corp.
Read the original news release →

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