Q2 Metals Reports Final Winter Assays with Intercept of 137.6 Metres Grading 1.47% Li2O, Including 40.6 Metres at 3.25% Li2O at the Cisco Lithium Project in Quebec, Canada

Q2 Metals Corp. (QTWO) has released final assay results from its 2026 winter drill program at the Cisco Lithium Project in Quebec, covering seven holes totaling 3,611.6 meters. The program’s headline intercept came from hole CS26‑088, which returned 137.6 meters at 1.47% Li₂O, including a high-grade core of 40.6 meters at 3.25% Li₂O. A separate interval within the same hole yielded 93.6 meters at 1.23% Li₂O.

Hole CS26‑092 intersected 185.7 meters at 1.54% Li₂O, along with a second interval of 73.5 meters at 1.54% Li₂O. This mineralization extends more than 100 meters beyond the conceptual open-pit shell defined in the April 2026 mineral resource estimate. Other holes, including CS25‑083, CS25‑086, CS26‑087, CS26‑089, and CS26‑090, also returned multiple wide, moderate-to-high-grade intervals.

The company’s summer 2026 program, which involves four to six rigs and approximately 20,000 meters of infill and step-out drilling, is currently underway. Q2 Metals expects to release a preliminary economic assessment in the fall of 2026.

Q2 Metals Corp. (QTWO) is an advanced explorer and emerging developer with a large inferred resource of 295 million tonnes, a recently raised C$70 million, and a preliminary economic assessment (PEA) underway. The company’s market capitalization of approximately $577 million already discounts a substantial lithium asset.

Prior drilling from the winter program, released on June 2, 2026, had already shown similar or better grades, such as 264.6 meters at 1.84% Li₂O. Today’s results represent the final batch of that program and confirm that the deposit maintains excellent grade and thickness along the edges of the resource area.

From a resource-definition perspective, these holes will support upgrading inferred resources to indicated, but they do not deliver a step-change in overall tonnes or grade. The 185.7 meters at 1.54% Li₂O step-out is positive but does not constitute a discovery that re-rates the project; it merely extends known mineralization.

The stock chart reveals a downtrend from $3.34 on June 2 to $2.46 on July 20, suggesting the market has been selling into strong drill news. The final assays, while excellent, are unlikely to reverse that sentiment absent a catalyst like a robust PEA.

Q2 Metals Corp. (QTWO) holds 100% of the Cisco Lithium Project, a spodumene pegmatite discovery located in the James Bay region of Quebec, Canada. The company’s inferred resource, defined in April 2026, totals 295 million tonnes grading 1.36% Li₂O, equivalent to 9.9 million tonnes of lithium carbonate equivalent (LCE). This resource comprises a pit-constrained portion of 270 million tonnes at 1.36% Li₂O and an underground portion of 24 million tonnes at 1.34% Li₂O.

The project benefits from strong infrastructure, situated just 6.5 km from the Billy Diamond Highway and approximately 150 km from the railhead at Matagami, with access to deep-sea ports. Financially, Q2 Metals maintains a treasury of approximately $76 million in cash as of July 2026, which fully funds its summer drill program and preliminary economic assessment (PEA). The company is led by CEO Alicia Milne and Executive Chair Keith Phillips, formerly of Piedmont Lithium. Sprott Lithium Miners ETF is a major shareholder, holding 6.6 million shares.