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2 stories mentioning QTWO.VUpdated 28d ago

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Mining & Metals

Q2 Metals Raises $70 Million in a Private Placement of Common and Flow-Through Shares

Q2 Metals (QTWO.V) on Tuesday said it closed a private placement of common and flow-through shares, raising $70 million.The company issued 20.4-million common shares at $2.45 apiece for $50 million, which includes the full exercise of the underwriters' option for $10 million, and 5.6-million flow-through shares priced at $3.60 each for $20 million.Proceeds received from the sale of the common shares will be used in advancing the development of its Cisco Lithium project, as well as for working capital and general corporate needs.Shares of the company were last seen down $0.12 to $3.02 on the TSX Venture Exchange.Price: $3.02, Change: $-0.12, Percent Change: -3.82%

$QTWO.V
Mining & Metals

Q2 Metals Releases Inaugural Inferred Mineral Resource Estimate for Cisco Lithium Project

Q2 Metals (QTWO.V) released an inaugural inferred mineral resource estimate for the Cisco lithium project in Quebec.The inferred mineral resource estimate is 295 million tonnes at 1.36% lithium oxide.The MRE defines a pit constrained 270 Mt at 1.36% Li2O inferred, at a cut-off grade of 0.4% Li2O, for a total of 9.1 Mt contained lithium carbonate equivalent. An additional underground constrained MRE of 24 Mt at 1.34% Li2O inferred has been defined as well, at a cut-off grade of 0.7% Li2O, for a total of 0.8 Mt contained LCE.The geological model underpinning the MRE interprets a single continuous, principal spodumene pegmatite body ranging in true thickness from 2 meters to over 450 m, extending over a strike length of 1.8 kilometers.An exploration target estimating 44 to 67 Mt of mineralized material with a grade range between 0.88% and 1.35% Li2O has been prepared for the geology environment beyond the current MRE.

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