Q2 Metals Appoints Keith Phillips to Board of Directors
Q2 Metals Appoints Keith Phillips to Board of Directors
VANCOUVER, British Columbia, Oct. 27, 2025 -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or
the “Company”) is pleased to announce the appointment of Mr. Keith Phillips to its Board of Directors.
Keith Phillips served as Chief Executive Officer of Piedmont Lithium from the Company’s inception in 2017 to its recent merger
with Sayona Mining in 2025. Under his leadership, Piedmont achieved a peak market capitalization exceeding $1.0 billion,
growing from an early-stage exploration project in North Carolina to a global lithium producer with assets in Canada, Ghana
and the United States including key commercial partnerships with Tesla and LG Chem. The successor company, Elevra
Lithium, is North America’s leading hard-rock lithium producer.
Prior to joining Piedmont, Mr. Phillips had a distinguished 30-year career on Wall Street, where he managed strategic and
financing transactions with an aggregate value of over $100 billion. Amongst other positions, Mr. Phillips led the mining
investment banking teams for Merrill Lynch, J.P. Morgan and Dahlman Rose, having previously served as Head of Canadian
Investment Banking Services for Goldman Sachs. Mr. Phillips worked with numerous mining companies, including established
global leaders, and dedicated much of his career to advising exploration and development-stage companies in achieving their
strategic objectives, with a particular focus on obtaining relevance in the United States capital markets.
Mr. Phillips earned his Master of Business Administration in Finance from The University of Chicago and holds a Bachelor of
Commerce from Laurentian University in Canada.
Alicia Milne, Q2 Metals President and CEO, commented, “ I am thrilled to welcome Keith to the Q2 Board of Directors. With
his extensive experience in the lithium industry as well as in investment banking, Keith significantly strengthens our board and
aligns with our strategic goals as we work towards publishing our inaugural inferred mineral resource estimate on Cisco in the
first quarter of 2026.”
Keith Phillips, Director, said, “ I’m excited to be joining Q2 Metals at such a pivotal moment in the Company’s growth . The
Cisco Lithium Project stands out on the global stage for its scale, grade and prime location in a top tier mining jurisdiction.
Having assessed lithium assets across all major producing regions, I can confidently say Cisco ranks among the most
promising undeveloped hard-rock lithium projects worldwide. I am eager to collaborate with the Q2 team to unlock Cisco’s full
potential and strengthen the Company’s role in the North American and global lithium supply chain.”
Equity Incentive Awards
The Company announces that, pursuant to its equity incentive plan and subject to the acceptance by the TSX Venture
Exchange, the Company has granted 1,300,000 stock options to certain directors, officers and consultants of the Company to
purchase an aggregate of 1,300,000 common shares in the capital of the Company at an exercise price of $0.95 per share for
a period of five years. The stock options and the common shares underlying such stock options are subject to a hold period of
four months and one day from the date of issuance.
Upcoming Events
Members of the Q2 team will be attending the following conferences and events:
XPLOR Montreal, QC October 27 – 30, 2025
121 Mining Event London, UK November 17 - 18, 2025
Swiss Mining Institute Zurich, CH November 20 – 21, 2025
Resourcing Tomorrow London, UK December 2 – 4, 2025
ABOUT Q2 METALS CORP.
Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project which is located within the
greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The known mineralized zone
at Cisco is just 6.5 km from the Billy Diamond Highway, which leads to the railhead in the Town of Matagami, approximately
150 km to the south.
The Cisco Project has district-scale potential with an initial Exploration Target estimating a range of potential lithium
mineralization of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li2O, based only on the first 40 holes drilled. It
is noted that the potential quantity and grade of the Exploration Target are conceptual in nature and there has been insufficient
exploration to estimate and define a Mineral Resource, as defined by NI 43-101. It is uncertain if further exploration will result
in the target being delineated as a Mineral Resource.
The 2025 Exploration Program is ongoing, prioritizing infill drilling towards an initial mineral resource estimate expected in Q1
2026. Expansion and exploration drilling continues at the main zone, which remains open at depth and along strike, as well as
at high potential targets identified across the broader 41,253 hectare project area.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Jason McBride
Investor Relations Manager
Chris Ackerman
Corporate Development
Telephone: 1 (800) 482-7560
E-mail: [email protected]
www.Q2Metals.com
Social Media:
Follow the Company: Twitter, LinkedIn, Facebook, and Instagram
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking
statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by
words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”,
“scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or
results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release
that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and
orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the
Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from those in the forward-looking statements.
Forward-looking statements are based on a number of material factors and assumptions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results
to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news
release speak only as of the date of this news release or as of the date specified in such statement. Forward looking
statements in this news release include, but are not limited to, timing on the publishing of a mineral resource estimate on the
Cisco Project, drilling results on the Cisco Project and inferences made therefrom, the conceptual nature of an exploration
target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration
and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in
connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans,
statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine
development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause
actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals,
variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful
exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future
metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general
economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel,
materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving
government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned
that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may
differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section
entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which
is available under Company’s SEDAR profile at www.sedarplus.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking
statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors
which could cause actual results to differ materially, there may be others that cause results not to be as anticipated,
estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking
information except as otherwise required by applicable law.
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af3e547f
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