Metalquest Mining Publishes ESG/Sustainability Report FOR 2024
MetalQuest Mining TSX-V: MQM OTCQB: MQMIF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.metalquestmining.com
Page1
METALQUEST MINING PUBLISHES ESG/SUSTAINABILITY REPORT
FOR 2024
7th January 2025, Rockport, Ontario - MetalQuest Mining Inc. (TSX.V: MQM; OTCQB:
MQMIF) (“MQM” or “Company”) is pleased to announce its ESG/Sustainability Report for the
year 2023. The scope of this project encompasses MQM’s Lac Otelnuk Iron Ore Project (Quebec).
Mr. Harry Barr, CEO and Chairman of MQM, commented:
“On behalf of the directors and management, I am pleased to announce the publication of our
second ESG/Sustainability Report for MetalQuest Mining (MQM).
From MQM’s inception to this date, our primary focus before delving into any project has been to
identify all key stakeholders, especially ones involved with the environmental and social prospects
in the regions that our projects are located in. We have spent a substantial amount of time and
effort in that direction . To that end, on December 12 th 2023, we announced the signing of an
Exploration and Pre -development Agreement with Naskapi Nation of Kawawachikamach. We
have also engaged in discussions with other First Nations, custodians, and communities around
our Lac Otelnuk Project in Quebec . Our team at MQM have a firm belief that where the success
of a project is deduced from its financial statements and economic prospects, the sustainability of
that success lies solely in strong consideration of environmental, social, and governance (ESG)
metrics of that said project, which further gives us the motivation, encouragement, and the Social
License to Operate”.
The Company aims to ensure that we are actively communicating with investors and other
stakeholders to the best of our abilities, and we want you to know that we are available to answer
any questions or concerns. In the event you would like to set up a meeting with management,
please contact Farid Mammadov at [email protected].
MQM’s ESG/Sustainability Report is now available under the ESG tab on our corporate website:
https://metalquestmining.com/projects.
The report is based on frameworks outlined by both TCFD (Taskforce for Climate -related
Financial Disclosures) and SASB (Sustainability Accounting Standards Board). This was
done to make sure that the report aligns with important and industry-wide prevalent
institutions’ layout.
MQM knows well the importance of these ESG reports and the visibility, transparency, and
affirmation they provide to environmental, social, and governance issues arising from its
operations, which is imperative across the industry. This is MQM’s second ESG/Sustainability
Report and MQM will continue with disbursement of such reports as an annual target and will
make sure to involve all stakeholders and communities within them.
MetalQuest Mining TSX-V: MQM OTCQB: MQMIF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.metalquestmining.com
Page2
About MQM
MetalQuest Mining (MQM) owns a 100% of Otelnuk and is further looking to develop one of the
largest Iron ore projects in North America. The Lac Otelnuk Iron Ore Project is located in Quebec’s
Labrador Trough and is approximately 165 km by air northwest of the Town of Schefferville, and
1200 km northeast of Montreal by air. Given the size and scope of the Lac Otelnuk Project,
management of MQM are working with a Toronto -based engineering company familiar with the
project to create a go-forward development plan. The Quebec government has recently transferred
the claims into MQM’s name and management is accumulating a vast amount of technical data as
approximately $150 million has been expended on the project to date. Going forward, one of our
primary objectives will be to continue to work with Naskapi First Nation of Kawawachikamach
with whom we have an Exploration and Pre -Development Agreement as of November 2023.
Management is continuing to develop its in -house Iron ore database to enable the Company to
secure an Option/Joint Venture partner from the Iron ore industry. The Company owns 2.5 million
units of Canadian Copper (CCI) and two NSR royalties totaling 1% in Murray Brook PEA Stage
Zinc-Polymetallic Deposit, situated in the famous Bathurst Mining District, New Brunswick,
Eastern Canada. Canadian Copper Inc (CCI) has the right to purchase half of a 0.33% royalty for
$1 million dollars and must pay MQM a pre - production cash payment of $1 million after the
project goes into production.
Investors are invited to visit the MetalQuest Mining website at www.metalquestmining.com
where they can review the company and its corporate activities. Any questions or comments can
be directed to Harry Barr at [email protected] or Farid Mammadov at
[email protected] or call 613 659 2773.
Opt-in List
If you have not done so already, we encourage you to sign up on our website
(www.newagemetals.com) to receive our updated news.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
MetalQuest Mining TSX-V: MQM OTCQB: MQMIF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.metalquestmining.com
Page3
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release. Cautionary Note Regarding Forward Looking State ments: This release contains
forward-looking statements that involve risks and uncertainties. These statements may differ
materially from actual future events or results and are based on current expectations or beliefs.
For this purpose, statements of historical fact may be deemed to be forward-looking statements.
In addition, forward -looking statements include statements in which the Company uses words
such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”,
“plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar
expressions. These statements by their nature involve risks and uncertainties, and actual results
may differ materially depending on a variety of important factors, i ncluding, among others, the
Company’s ability and continuation of efforts to timely and completely make available adequate
current public information, additional or different regulatory and legal requirements and
restrictions that may be imposed, and other factors as may be discussed in the documents filed
by the Company on SEDAR (www.sedar.com), including the most recent reports that identify
important risk factors that could cause actual results to differ from those contained in the
forward-looking statem ents. The Company does not undertake any obligation to review or
confirm analysts’ expectations or estimates or to release publicly any revisions to any forward -
looking statements to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. Investors should not place undue reliance on forward-looking
statements.