Latest Quebec News

Rubix Resources has reported encouraging copper exploration signals at Paperbark and stronger prospectivity at Redbeds, but ended the September quarter with just A$6,000 in cash. The company estimates it has 0.05 quarters of funding available and says it will need to raise more capital to continue operations.

Pivotal Metals has put a A$920 million post-tax NPV on its Horden Lake copper project, while continued drilling and target generation broaden the company’s Quebec growth story. The attraction comes with familiar development-stage caveats: the study is preliminary, includes inferred material and leaves Pivotal with about 2.4 quarters of funding at the reported spending rate.

Metals Australia has advanced feasibility, permitting and funding work at its Lac Carheil graphite project while establishing a 45.7Mt Manindi VTM resource. The progress sits alongside a modest A$2.575 million cash balance and no disclosed financing facilities.

Olympio Metals has extended the Bousquet gold system to 1.3 kilometres while its maiden Jacknife silver drilling campaign gathers pace in Idaho. The exploration progress comes with a sharper funding question: A$1.178 million in cash covered just 0.98 quarters of reported outgoings at 30 September.

Lac Gold has reported broad and high-grade gold intersections from nine diamond holes at Astoria, including a 50-metre mineralised interval with a higher-grade core. The results are feeding a revised geological interpretation ahead of a Rouyn resource update targeted for Q1 2027.

Mont Royal Resources has begun testing whether Ashram’s mixed rare earth carbonate can be upgraded into separated, high-purity oxides, while a US defence consortium adds strategic visibility to the Quebec project. The company ended September with A$5.03 million in cash after receiving a C$2.22 million Quebec tax credit.

PMET Resources has secured C$1.215 million in federal funding to upgrade 20 kilometres of access road serving its Shaakichiuwaanaan lithium project in Quebec. The contribution improves the project’s infrastructure story, but does not amount to a mine approval, construction decision or production timetable.

Li-FT Power has returned a 56-metre intersection grading 1.43% Li₂O from the first assays of its 2026 drilling campaign in Quebec. The results strengthen the company’s geological interpretation ahead of a planned resource estimate and preliminary economic assessment in early 2027, although most of the program remains to be reported.

Orezone Gold delivered record consolidated production of 59,674 ounces in the third quarter, with both Bomboré and Casa Berardi positioned for stronger output in the final quarter. The company has reiterated its 2026 production guidance despite a seven-day wildfire-related suspension at Casa Berardi.

Rubix Resources ended FY2026 with a $1.283 million loss, only $95,001 in cash and a net asset deficit, prompting its auditor to flag a material uncertainty over going concern. The company’s Paperbark drilling produced an encouraging copper signal, but further exploration depends on fresh funding.

Temas Resources has generated its first revenue from its regenerative chloride leaching technology, but the milestone arrives alongside a wider first-half loss, declining cash and an explicit need for further funding by Q4 2026. The company ended June with C$3.39 million in cash and a C$933,940 estimated flow-through tax liability.

New Frontier Minerals advanced its copper and rare earths portfolio during FY2026, but the annual report highlights a material uncertainty over its ability to continue as a going concern. The company ended the year with $1.23 million in cash after a $2.25 million placement and ongoing exploration spending.