08:57:00 EDT Fri 03 Apr 2026
Enter Symbol
or Name
USA
CA



Quantum Critical Metals Corp
Symbol LEAP
Shares Issued 119,897,875
Close 2026-04-02 C$ 0.065
Market Cap C$ 7,793,362
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Quantum Critical receives drill permit for NMX East

2026-04-02 18:29 ET - News Release

Ms. Marcy Kiesman reports

QUANTUM RECEIVES 121 DRILL HOLE PERMIT FOR NMX EAST, QUEBEC

Quantum Critical Metals Corp. has received approval from the Ministere des Ressources naturelles et des Forets for a drilling permit authorizing up to 121 diamond drill holes at its NMX East property, located in the James Bay-Eeyou Istchee region of Northern Quebec.

The permit enables the company to undertake systematic exploration drilling across the project area. The planned program will focus on muscovite-rich pegmatite dikes with the objective of delineating mica-hosted critical mineralization, including gallium and rubidium. In addition, drilling is planned within an ultramafic rock package on the southern portion of the property to evaluate the potential for nickel polymetallic mineralization, as previously outlined in the company's news release on Aug. 14, 2025.

Marcy Kiesman, chief executive officer of Quantum, stated: "Receiving the drill permit from the Ministere des Ressources naturelles et des Forets marks a significant an important step forward in advancing the NMX East project. The approval enables Quantum to initiate a comprehensive, multiphase drilling program designed to systematically define mineralization across both pegmatite and ultramafic packages. With growing global demand for critical minerals such as gallium, rubidium and nickel, advancing NMX East supports our strategy of developing new sources of strategic metals within stable North American jurisdictions and strengthening Western supply chains."

The 121-drill hole program is expected to be executed in multiple phases over the next two years, allowing the company to incorporate analytical results from each phase into the design of subsequent campaigns and optimize exploration.

The NMX East project is strategically located in Quebec, one of the world's leading mining jurisdictions, and is being explored for its potential to host critical minerals associated with muscovite-rich pegmatite systems. The company believes that continued exploration success at NMX East, combined with its metallurgical advancements in recovery of critical metals from muscovite mica, positions Quantum to play an important role in supporting secure Western supply chains for strategic minerals.

The company has granted an aggregate of four million incentive stock options to certain consultants, directors and officers of the company in accordance with the company's stock option plan. The options are exercisable at a price of seven cents per common share. The options are valid for a period of three years and will vest immediately in accordance with the company's stock option plan. The grant of options is subject to the acceptance of the TSX Venture Exchange.

About Quantum Critical Metals Corp.

Quantum Critical is a Canadian mineral exploration company focused on advancing critical metal projects that power next-generation technologies. With a growing portfolio of promising assets, including the NMX East gallium-rubidium-cesium project in Quebec, the Discovery gallium-rubidium-cesium and polymetallic project in Quebec, the Babine South silver project in British Columbia and the newly acquired Prophecy germanium-gallium-zinc project in British Columbia, among others, the company is strategically positioned to support the West's transition to a secure and sustainable critical metal supply.

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