- Quantum Battery Metals (QBAT) is now preparing for an exploration program on its Lac Mistumis Lithium Property
- The Vancouver-based company recently acquired the property
- Management is now looking to prepare a satellite survey to be conducted over the property prior to the deployment of the ground crew
- Quantum is looking to finalize the Lac Mistumis plan before the fall, when another run-through of the Quebec lithium properties is planned to be executed
- Quantum Battery Metals is up 6.67 percent, trading at $0.40 at 4pm ET
Quantum Battery Metals (QBAT) is now preparing for an exploration program on its Lac Mistumis Lithium Property.
The Vancouver-based company recently acquired the property.
Management is now looking to prepare a satellite survey to be conducted over the property prior to the deployment of the ground crew.
The company has previously employed the process on its other properties.
The company will implement the airborne survey once the acquisition of the property is finalized.
Quantum is looking to finalize the Lac Mistumis plan before the fall, when another run-through of the Quebec lithium properties is planned to be executed.
The Lac Mistumis property’s proximity to the company’s Alba and Kelso properties and other major lithium properties allows it work on the all of them at an improved cost base and will ease further development of the property.
The company believes the Lac Mistumis property historically has been underdeveloped compared to its prospective value.
“A satellite survey helps serve as the preliminary step to implementing a stable exploration program as it becomes the catalyst to potentially finding anomalies that might be overlooked. The ground crew will use the satellite survey to navigate through the property to find the approximate locations to grab vital samples from. Quantum is at a crucial point in its history where we have a streak of positive news regarding our properties, and we would like to keep up the momentum by acquiring new properties and creating a secure exploration program by assessing our properties to its fullest potential,” said director David Greenway.
Quantum Battery Metals is up 6.67 percent, trading at $0.40 at 4pm ET.