Northwire Canada EditionThursday, August 27, 2026
Northwire
GOLD 4648.10 −1.0% SILVER 68.03 −1.0% COPPER 6.60 −3.2% OIL 82.23 −0.2% PALLADIUM 1327.00 −1.7% SMN 0.145 +7.4% ADY 0.320 −3.8% SDR 0.175 +9.4% LI 0.450 +2.3% ATX 2.78 −1.8% ILI 0.015 +0.0% KNOX 0.135 +8.0% MINK 0.110 +0.0% CNRI 0.170 +0.0% QRO 0.045 +0.0% PPM 0.015 +0.0% COR 0.400 +0.0% CYG 0.165 +6.5% GR 0.070 +0.0% CRB 0.050 +0.0% GMX 2.13 +1.4% GOLD 4648.10 −1.0% SILVER 68.03 −1.0% COPPER 6.60 −3.2% OIL 82.23 −0.2% PALLADIUM 1327.00 −1.7% SMN 0.145 +7.4% ADY 0.320 −3.8% SDR 0.175 +9.4% LI 0.450 +2.3% ATX 2.78 −1.8% ILI 0.015 +0.0% KNOX 0.135 +8.0% MINK 0.110 +0.0% CNRI 0.170 +0.0% QRO 0.045 +0.0% PPM 0.015 +0.0% COR 0.400 +0.0% CYG 0.165 +6.5% GR 0.070 +0.0% CRB 0.050 +0.0% GMX 2.13 +1.4%
Production / Operations Routine +

Quantum Critical Metals Initiates Rubidium Recovery Program to Advance North American Critical Minerals Supply

Rubidium Recovery Program Validates Mica Strategy Amidst Price Consolidation

Executive Summary
  • Quantum Critical Metals has initiated advanced metallurgical test work at its NMX East project in Quebec to optimize rubidium recovery.
  • The company engaged the University of British Columbia (UBC) to evaluate a hydrometallurgical flowsheet for extracting rubidium, gallium, and lithium from mica concentrate.
  • Analytical results confirmed significant enrichment: Rubidium up to 3,260 g/t, Gallium up to 205 g/t, Tantalum up to 51.4 g/t, and Lithium up to 816 g/t in coarse fractions.
  • Objectives include maximizing rubidium recovery, developing a refining flowsheet for marketable products, and assessing scalability for pilot-scale development.
  • This follows previous announcements regarding gallium recovery (93% reported Nov 2025) and drill permit approvals (April 2026).
Material Impact
  • The news represents incremental technical progress rather than a fundamental shift in valuation drivers.
  • While the rubidium grades are high, metallurgical success does not guarantee economic viability or immediate revenue without pilot-scale validation.
  • Previous positive news regarding gallium recovery (Nov 2025) did not sustain price momentum, as evidenced by the decline from $0.22 to $0.05 over early 2026.
  • The market appears to have priced in the critical mineral narrative; this announcement confirms execution but lacks immediate financing or offtake specifics that would trigger a re-rating.
  • Risk of dilution remains high given the history of private placements and warrant issuances ($0.20 exercise price).
LEAP · Price
Company Overview
  • Flagship Project: NMX East Rubidium-Gallium-Cesium Critical Minerals Project in Quebec.
  • Strategy: Focus on mica-hosted critical minerals (Ga, Rb, Cs) to supply North American defense and semiconductor markets.
  • Secondary Projects: Babine South Silver Project (BC), Victory Antimony Property (BC), Quest Rare Earths (Quebec).
  • Jurisdiction: Stable Canadian jurisdictions (Quebec, British Columbia) with existing infrastructure.
Read the original news release →

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