Northwire Canada EditionWednesday, August 26, 2026
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GOLD 4694.50 −0.1% SILVER 68.68 +0.1% COPPER 6.71 +1.6% OIL 82.36 −3.1% PALLADIUM 1336.50 −2.0% ODV 4.39 +1.6% PGLD 1.17 +0.9% FDY 5.92 −1.0% FMAN 0.385 −4.9% BGAU 1.82 +5.8% LTH 0.655 +5.7% NVX 0.580 −3.3% MNRG 0.095 +0.0% AG 29.35 +1.6% CTV 0.140 +16.7% OTMC 0.600 +34.8% OPW 0.130 +4.0% HI 0.165 +10.0% VCU 1.33 +1.5% DLTA 0.175 −5.4% EMO 0.400 −1.2% GOLD 4694.50 −0.1% SILVER 68.68 +0.1% COPPER 6.71 +1.6% OIL 82.36 −3.1% PALLADIUM 1336.50 −2.0% ODV 4.39 +1.6% PGLD 1.17 +0.9% FDY 5.92 −1.0% FMAN 0.385 −4.9% BGAU 1.82 +5.8% LTH 0.655 +5.7% NVX 0.580 −3.3% MNRG 0.095 +0.0% AG 29.35 +1.6% CTV 0.140 +16.7% OTMC 0.600 +34.8% OPW 0.130 +4.0% HI 0.165 +10.0% VCU 1.33 +1.5% DLTA 0.175 −5.4% EMO 0.400 −1.2%
Drill Results

Q2 Metals Extends Known Mineralized Zone with 179.2 Metre Intercept of 1.24% Li2O at the Cisco Lithium Project

Cisco Project Delivers Another Triple-Digit Intercept as Valuation Prices in World-Class Resource

By The Northwire Desk — AI Analysis Jan 22, 2026 · 07:00 QTWO · 2.11 Q2 Metals Corp.
Executive Summary

On January 22, 2026, Q2 Metals Corp. reported results from its winter 2025 drilling program at the Cisco Lithium Project in Quebec. The headline result is Hole CS25-065, which intercepted 179.2 meters at 1.24% Li2O. This hole was designed to define the northern limits of the system but instead encountered significant mineralization at shallow depths, extending the trend beyond expectations. Additional results included Hole CS25-057 (49.8m at 1.41% Li2O and 35.8m at 1.51% Li2O). The company confirmed that the inaugural Inferred Mineral Resource Estimate (MRE) is expected in Q1 2026 (current quarter), subject to remaining assays. Management also granted 850,000 stock options at an exercise price of $2.11, aligned with the current multi-year highs.

Material Impact

This news is Material - Positive. * Scale Confirmation: The 179.2m intercept is globally significant. While slightly lower grade (1.24%) than the spectacular Hole 44 (457m @ 1.65%) reported in December 2025, it confirms the massive volume of the system. * Expansion, Not Just Infill: The explicit mention that Hole 65 was meant to "define limits" but instead found extension suggests the geologic model is still growing. This has positive implications for the upcoming resource tonnage. * Derisking the MRE: With the MRE expected this quarter, these results solidify the data density required for a high-tonnage Inferred resource. * Insider Confidence: Granting options at $2.11 (all-time highs) indicates management and the board believe substantial upside remains despite the stock rising ~400% in the last year.

QTWO · Price
Company Overview
  • Company: Q2 Metals Corp. (TSX.V: QTWO).
  • Flagship Project: Cisco Lithium Project, James Bay, Quebec.
    • Located 150km north of Matagami, <10km from infrastructure (Billy Diamond Highway).
    • Exploration Target: Announced July 2025, estimating 215-329 Million tonnes at 1.0-1.38% Li2O. (Note: This is conceptual until the MRE is published).
  • Secondary Project: Mia Lithium Project (also Quebec).
Read the original news release →

More from Q2 Metals Corp.

Aug 25, 2026 · 03:01

Q2 identified world-class lithium widths within its 295 Mt inferred deposit, which the market has already priced in.

Drill Results Jul 21, 2026 · 07:00

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

Drill Results Jun 25, 2026 · 07:30

Q2 Metals begins its largest summer drill program at the Cisco Lithium Project to advance the preliminary economic assessment for a fall release.

Drill Results Jun 04, 2026 · 18:33

Q2 Metals filed a technical report for the Cisco Lithium Project, securing tier-1 status alongside $70m financing and a summer drilling push.

Resource Estimate Jun 02, 2026 · 05:30

Q2 Metals Advances Cisco Lithium Project with Major Summer Drilling Push and PEA Timeline

Drill Results May 27, 2026 · 07:30

Q2 Metals Secures Funding for Cisco Lithium Expansion as PEA Timeline Confirmed

Resource Estimate