Ms. Marcy Kiesman reports
DURANGO TO CHANGE NAME TO QUANTUM CRITICAL METALS
Durango Resources Inc. will change its name from Durango Resources to Quantum Critical Metals Corp., effective March 17, 2025.
The company's common shares will begin trading on the TSX Venture Exchange under the new name at the start of trading on Monday, March 17, 2025. The company's trading symbol will change from DGO to LEAP.
The Cusip number assigned to the shares under the company's new name will be 74766V 10 0 and the new ISIN will be CA 74766V 10 0 4. There is no consolidation of the company's share capital in connection with the name change and, as a result, certificates representing shares will not be affected by the name change, and shareholders will not be required to exchange their share certificates or take any other action in connection with the name change. Shareholders holding share certificates of the company can request a replacement certificate; however, new certificates are not required and will not be automatically issued. All such requests should be directed to the company's transfer agent, Endeavor Trust Company, by e-mail (admin@endeavortrust.com) or by phone (604-559-8880).
The name change was approved by the company's board of directors on March 7, 2025. The name change is intended to reflect the company's focus on its critical metals portfolio of projects. Please see the company's website for additional information on its critical metals project portfolio.
About critical metals
Critical metals are essential components in modern technologies, including renewable energy systems, defence applications and advanced electronics. Both the United States and Canada have identified specific lists of critical minerals vital to their economic and national security. The U.S. Geological Survey's 2022 list includes 50 critical minerals, while Canada in 2024 has designated 34 minerals as critical.
Recent geopolitical developments have heightened concerns over the supply chain security of these critical metals. China, which holds a dominant position in the production and processing of several critical minerals, has implemented export bans affecting the West. These actions underscore the strategic importance of diversifying supply chains and developing domestic sources for critical metals to mitigate geopolitical risks and ensure the stability of essential industries.
About Durango
Resources Inc.
Durango Resources is a Canadian exploration company focused on advancing critical metals projects to support the West's growing demand for secure and sustainable mineral supply. The company holds a 100-per-cent interest in multiple strategically located properties, including the NMX East gallium and critical metals project near the Whabouchi lithium deposit in Quebec, as well as claims in the Babine copper-gold porphyry district and Troilus gold camp. With an experienced management and technical team, Durango is committed to unlocking new mineral discoveries and contributing to Canada's critical minerals strategy.
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