Quantum Critical completes airborne survey at NMX East

Executive Summary

• Quantum Critical Metals completed an EM‑VLF and magnetic airborne survey at its NMX East project in northern Quebec, validating historic government data and identifying favorable targets for nickel‑PGE mineralization.
• The company plans a follow‑up high‑resolution MAG‑TDEM survey to improve subsurface modeling and define drill‑ready targets.
• Quantum issued 4 million stock options to consultants and directors at an exercise price of $0.15 per share, exercisable over five years.

Key Details

• Survey Completion: EM‑VLF and magnetic geophysical survey finished; designed to validate historic data and enhance geological targeting.
• Project Context: NMX East lies in the same region as Power Metallic Mines’ Nisk deposit, a known source of Li, Ni, and PGE.
• Target Minerals: Survey focused on nickel (Ni) and platinum‑group elements (PGE); early results indicate presence of mafic‑ultramafic rocks at surface.
• Next Phase: Follow‑up high‑resolution MAG‑TDEM survey to be undertaken to refine subsurface models and prioritize drill targets for Ni‑PGE mineralization.
• CEO Comment: “In August, we confirmed the presence of mafic‑ultramafic rocks at surface, and the airborne data further supports the potential for nickel and PGE targets at NMX East… these early results are encouraging as we work to define drill‑ready targets.” – Marcy Kiesman, CEO.
• Option Grant: 4 million stock options granted to consultants and directors; exercise price $0.15 per share; term of five years.

Notable Quotes

• “In August, we confirmed the presence of mafic‑ultramafic rocks at surface, and the airborne data further supports the potential for nickel and PGE targets at NMX East. These early results are encouraging as we work to define drill‑ready targets in this highly favourable prospective region.” – Marcy Kiesman, CEO.