Quebec Nickel Corp. Announces Signing of Definitive Agreement to Acquire the Ecru Project, Nevada

Executive Summary

• Québec Nickel Corp. (QNI) signed a definitive purchase‑and‑sale agreement to acquire 100 % of the Ecru Property in Nevada from Orogen Royalties Inc., marking entry into a premier gold district.
• Total consideration is $540,000 consisting of cash, common shares at a discount, and additional share issuances tied to future VWAP pricing, plus a 2.0 % NSR royalty granted to Orogen.
• Concurrently, the Board announced a proposed name change to Aurbis Resources Corp. and leadership changes: Johan Lambrechts appointed CEO (and non‑executive director) and David Patterson moving to Executive Chairman.

Key Details

• Transaction Price: $540,000 total consideration
• $250,000 cash payable at closing (net of a previously paid $25,000 commitment fee).
• 1,000,000 QNI common shares issued at $0.165 per share on closing (discount to market price).
• Within six months post‑closing, issuance of $125,000 of additional QNI common shares priced at the 10‑day VWAP of QNI shares on the CSE at the date of issue.
• Royalty: Orogen will receive a 2.0 % net smelter return (NSR) royalty on all production from the Ecru Property.
• Closing Timeline: Expected to close within 30 days of signing, subject to customary closing conditions.
• Property Description:
• 112 mining claims located north of the Pipeline‑Cortez‑Goldrush‑Robertson deposit cluster in Nevada’s Cortez/Battle Mountain Trend.
• Adjacent to Nevada Gold Mines’ Robertson Deposit; hosts structural corridors (Cortez Fault, Battle Mountain‑Eureka trend) favorable for gold mineralization.
• Prior work includes geophysical surveys, geochemical sampling, and limited drilling identifying multiple untested targets (shallow intrusive‑related and deeper carbonate-hosted styles).
• Post‑Closing Plans: Conduct systematic technical review, prepare a NI 43‑101 compliant technical report, and advance exploration planning for the Ecru Property.
• Proposed Name Change: Québec Nickel Corp. intends to rename itself Aurbis Resources Corp. (CSE: AURR) pending regulatory approval.
• Board & Management Updates:
• Johan Lambrechts appointed non‑executive director (12 Dec 2025) and now CEO; former CEO of Antares Metals, 23 years exploration experience.
• David Patterson transitioning from CEO to Executive Chairman of the Board.

Notable Quotes

• “The acquisition of the Ecru Property represents QNI's entry into one of the world's premier gold mining districts, allowing the Company to leverage its technical and corporate expertise to create value by exploring and advancing this exciting project.” – David Patterson, CEO & Director (on behalf of the Board)