MetalQuest Provides AGM Update Regarding Canada Post Strike
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
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MetalQuest Provides AGM Update Regarding Canada Post Strike
November 27, 2024, Rockport, Ontario – MetalQuest Mining Inc. (TSX.V: MQM; OTCQB: MQMIF; FSE:
E7Q.F) (“MQM” or “Company”) announces that due to the continuing postal strike in Canada, some
shareholders may experience a delay in receiving the annual general meeting materials. The
Company's meeting materials have been filed and are available under the Company’s profile on
SEDAR+ at www.sedarplus.ca and on its website at www.metalquestmining.com. Shareholders are
encouraged to access the meeting materials electronically.
Registered shareholders requesting a proxy for the meeting may contact Computershare Trust
Company at 1-800-564-6253. Completed and signed proxies should be returned by the proxy cut-off
time, 2:00 p.m. EST, Tuesday, Dec. 10, 2024.
Beneficial holders who hold their shares through a broker and have not received their information
from Broadridge Investor Solutions should contact their broker representative to request that a
proxy be issued for them.
If you would like to request a paper copy of the meeting materials please contact the Company’s office
at 1-800-667-1870 or 1-613-659-2773. In order to receive a paper copy in time to vote before the
meeting, your requested should be received by Wednesday, Dec. 3, 2024. Completed proxies may be
emailed to [email protected].
Stock Option Grant
The Company also announces that it is granting 1,250,000 incentive stock options to directors,
officers and consultants of the Company at an exercise price of $0.10 per share for a period of five (5)
years from the date of grant in accordance with the Company's Stock Option Plan. The Stock Options
granted will be subject to certain vesting restrictions. The options are subject to acceptance by the
TSX Venture Exchange and will be subject to regulatory hold periods in accordance with applicable
Canadian Securities Laws.
About MQM
Metal Quest 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. In the first quarter of 2023 The Quebec government
has 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 work with the Naskapi First Nation of
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
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Kawawchikamch. An Exploration and Pre -Development Agreement was signed on December 12 th,
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.
During the summer and fall of 2024, Management has participated in meetings and consultations
with various engineering companies, financial groups, regional port authorities and Quebec
Government organizations. The objective is to have final quotes for new studies and outline the future
development of the Project. Management aims to receive costs for the next round of studies needed
to update previous work on the project by the end of January, 2025.
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. 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.mqmining.com)
to receive our updated news. On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
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 hist orical 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”, “pla n”, “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 statements.
The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release
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
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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.