Northwire Canada EditionTuesday, September 29, 2026
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Drill Results Routine +

Quantum Critical Metals Confirms Gallium & Rubidium are Hosted in Mica at Its Discovery Property, Quebec, and Identifies New Beryllium and Cesium Targets

Quantum Critical’s Mica-hosted metals mapping validates processing potential while dilution factors cap the overall upside for the project.

Executive Summary

Quantum Critical Metals Corp. (LEAP) has reported advanced laser mineral mapping results from nine historical samples at its Discovery Property in Quebec. The results confirm that gallium and rubidium are hosted in mica, a finding that aligns with the processing strategy at the NMX East Project. The mapping also identified potential beryllium and cesium targets, with one sample showing a beryllium response 21 times the median and another showing a cesium response 65 times the median.

Certified assay data from 2018 drilling confirms gallium concentrations ranging from 11 to 88 ppm. Specific historical drill intervals averaged 38.4 ppm Ga and 694 ppm Rb. The company noted that laser mineral mapping is a technical tool and does not constitute a certified grade assay, nor does it indicate the size or continuity of targets.

Additionally, the company granted 1,400,000 incentive stock options to consultants at an exercise price of $0.10 per share. The options vest immediately and expire in September 2028.

Material Impact

Quantum Critical Metals Corp. (LEAP) released a technical exploration update that validates the mineralogical host for critical metals, a necessary step for designing metallurgical flowsheets. The identification of beryllium and cesium adds speculative upside, but these are based on single unconfirmed samples and require further certification.

The company also granted 1.4 million options at $0.10, representing immediate dilution of approximately 1.17% of the current share count, which is a negative cash flow and equity impact for existing shareholders. The announcement does not advance the company toward a mineral resource estimate or production timeline, keeping it in the pre-revenue exploration phase. The market impact is expected to be limited, as the findings are incremental to previous mapping announcements and do not change the fundamental risk profile of the project.

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Company Overview

Quantum Critical Metals Corp. (LEAP) is a Canadian exploration company focused on critical minerals in North America. Its flagship assets include the NMX East Project in Quebec, which targets gallium, rubidium, cesium, and nickel-PGE; the Discovery Property in Quebec, focusing on gallium and rubidium; the Prophecy zinc prospect in British Columbia; and the Babine South silver project in British Columbia.

The company has secured partnerships with the University of British Columbia for metallurgical testing and Nusano for refining, aiming to establish a domestic supply chain for critical metals. Management has emphasized reducing reliance on foreign sources, particularly China, by developing North American projects.

Read the original news release →

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