QCX Gold closes acquisition of Ontario property

The most recent news release, dated 2025-11-07, states that QcX Gold Corp. has completed the acquisition of strategic mining claim blocks in the Batchawana Bay area of northern Ontario. The acquisition was executed for a consideration of 6,000,000 common shares of QcX Gold, valued at $0.28 per share, and a cash payment of $15,000. Additionally, the vendor was granted a 3% Net Smelter Returns (NSR) royalty on the property, with QcX Gold retaining an option to purchase 1.5% of this NSR for $1,000,000. The shares issued are subject to a statutory hold period of four months and one day.

This news is a follow-up to the announcement on 2025-10-20, where QcX Gold Corp. disclosed it had entered into an agreement for this acquisition. At that time, the terms of the acquisition, including the share consideration, cash payment, and NSR royalty, were fully disclosed. The previous announcement on 2025-10-20 was rated as "Material - Positive" due to the strategic significance of the Batchawana Bay property, adjacent to Sterling Metals' high-grade copper discovery.

The current news confirms the completion of this previously announced agreement. While the formal closing of an acquisition is a positive event as it removes any remaining contingencies and solidifies the company's ownership of the asset, it does not introduce new material information beyond what was already communicated to the market. The market had already reacted to the agreement for the acquisition, with the stock price seeing a significant spike earlier in October (peaking at $0.57 on Oct 6, before the official agreement announcement on Oct 20). Therefore, the completion itself, based on already disclosed terms, is routine but positive in nature. It signifies execution and progress on a strategic initiative.

The acquisition adds a new prospective property to QcX Gold's portfolio, diversifying its exploration efforts beyond Quebec and into a region with recent high-grade discoveries. This is a long-term strategic positive for the company's growth potential.

QcX Gold Corp. (TSXV: QCX) is a Canadian exploration company primarily focused on gold and Volcanogenic Massive Sulphide (VMS) style mineralization. The company has a portfolio of properties in Quebec and, following the latest acquisition, in Ontario.

Flagship Projects: * Golden Giant Project (Quebec): Located in the James Bay region, approximately 2.9 km from Azimut Exploration Inc.'s Patwon discovery on their Elmer gold project. The company holds a 100% interest, subject to a 3% Net Smelter Returns (NSR) royalty, of which 1% can be purchased for $1,000,000. * Fernet West Project (Quebec): Situated in the Northern Abitibi Greenstone Belt, contiguous with Wallbridge Mining Company Ltd.’s Fenelon and Martinière properties. The company holds an option to acquire a 100% interest, subject to a 3% NSR royalty, of which 1% can be purchased for $1,000,000. * Kali Project (Quebec): The company holds a 100% interest, subject to a 2.5% NSR royalty. * Batchawana Bay Property (Ontario): This newly acquired property consists of 323 mining claims in the Batchawana Bay area of northern Ontario. It is strategically located adjacent to Sterling Metals' high-grade copper discovery. The property is prospective for Copper, Molybdenum, Silver, and Gold. It is subject to a 3% NSR royalty, with QcX Gold having the option to purchase 1.5% of the NSR for $1,000,000.

QcX Gold is an early-stage exploration company, and its projects are in the prospecting and initial exploration phases, aiming to identify and delineate mineralization.