- Shares of QNB Metals (CSE:TIM.X) climbed by over 64 per cent after announcing Ian C. Peres as its new chief executive officer, replacing Stéphane Leblanc who will remain as a director
- Peres is a Chartered Professional Accountant with an over 30-year track record in capital markets spanning executive and board-level positions across several private and Canadian-listed public companies
- QNB Metals is an exploration and development-stage company focused on leveraging its assets for mining, energy storage and carbon capture and sequestration
- QNB Metals stock has added 600 per cent year-over-year
Shares of QNB Metals (CSE:TIM.X) climbed by over 64 per cent after announcing Ian C. Peres as its new chief executive officer (CEO), replacing Stéphane Leblanc who will remain as a director.
Peres is a Chartered Professional Accountant with an over 30-year track record in capital markets spanning executive and board-level positions across several private and Canadian-listed public companies. He previously served as chief financial officer (CFO) and chief investment officer of a leading merchant bank in Toronto responsible for raising over C$500 million for the public sector.
Peres is also the founder and former CFO and director of Energy Fuels (TSX:EFR), a mid-tier uranium producer in the U.S. Midwest, and most recently led Moneta Gold as president and CEO for 13 years until retiring in 2022, where he grew a gold project in Timmins, Ontario, into an NI 43-101 resource in excess of nine million ounces.
QNB Metals is also adding Mario Drolet as a director to replace David Couture, who has resigned from the company. Drolet has spent over 30 years in global capital markets and investor relations with a specialty in growing small to medium-sized public companies. He is the founder and president of MI3 Financial Communications.
QNB expects to finalize its joint venture with ReSolve Energy to explore for white hydrogen in Ontario and Quebec on November 30, 2024, contingent on:
- The filing of an NI 43-101 technical report for its Kingsville Salt Reservoir project in Nova Scotia (completed).
- The closing of a best-efforts private placement of up to C$500,000 at C$0.05 per share.
The partners intend to begin an exploration program immediately following the private placement, including sampling of target areas prospective for white hydrogen, as well as electromagnetic surveys to identify rock formations and delineate faults, zone dilation and subsurface traps.
About QNB Metals
QNB Metals is an exploration and development-stage company focused on leveraging its assets for mining, energy storage and carbon capture and sequestration.
QNB Metals stock (CSE:TIM.X) is up by 64.28 per cent trading at C$0.12 per share as of 11:05 am ET. The stock has added 600 per cent year-over-year.
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