Q2 Metals Expands Drilling Program at Quebec’s Cisco Lithium Project Following $26 Million Financing
Q2 Metals (TSXV:QTWO | OTCQB: QUEXF | FSE: 458) has significantly ramped up exploration activities at its Cisco Lithium Project in Quebec’s Eeyou Istchee James Bay region following the successful completion of a $26 million flow-through private placement financing in August 2025.
The junior mining company has been aggressively advancing the project since June, with drilling operations
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Q2 Metals Expands Drilling Program at Quebec’s Cisco Lithium Project Following $26 Million Financing
Q2 Metals (TSXV:QTWO | OTCQB: QUEXF | FSE: 458) has significantly ramped up exploration activities at its Cisco Lithium Project in Quebec’s Eeyou Istchee James Bay region following the successful completion of a $26 million flow-through private placement financing in August 2025.
The junior mining company has been aggressively advancing the project since June, with drilling operations now intensified to three active rigs and a fourth expected to join by November. To date, 46 holes totaling 20,138 meters have been completed, with assay results still pending on all summer drilling.
“Strong institutional support enabled us to complete the $26 million financing in August, which has allowed us to significantly ramp-up activities at Cisco,” said Alicia Milne, President and CEO of Q2 Metals. “These funds have enabled Q2 to greatly accelerate our drill program, continue regional mapping and sampling programs, and expand on metallurgical test work.”
The Cisco Project encompasses 801 claims spanning 41,253 hectares within the Nemaska traditional territory. The company is focusing on a mineralized zone that trends northeast-southwest for approximately 1.5 kilometers, which it believes demonstrates district-scale potential.
Current drilling efforts are concentrated on infill work to tighten spacing along the mineralized strike length. This strategic approach is designed to support an initial inferred Mineral Resource estimate that would comply with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Independent consultant BBA Inc. has prepared an Exploration Target for the project, suggesting potential for 215 to 329 million tonnes of lithium-bearing material with grades between 1.0% and 1.38% lithium oxide (Li₂O). However, Q2 Metals emphasizes that this estimate remains conceptual, with insufficient exploration completed to define a formal Mineral Resource.
Beyond infill drilling, the expanded program includes testing additional outcrop zones with guidance from geophysical targeting. Orientation-style geophysical surveys have been conducted over a section of the mineralized zone to evaluate their effectiveness, with potential expansion of these methods based on preliminary results.
The company is simultaneously advancing metallurgical work to assess lithium recoverability. Initial testing by SGS Canada Inc. on samples from the 2024 drill program demonstrated promising recoveries using dense media separation (DMS) technology. A second phase of metallurgical testing is scheduled to begin this month to build upon these early findings.
Regional exploration efforts continue across the broader property, with Q2’s geology team conducting mapping and rock sampling to identify additional zones of interest within the expansive land package. Rock samples from newly assessed areas have been submitted for laboratory analysis, with results pending.
The Cisco Project benefits from strong infrastructure access, sitting approximately 6.5 kilometers from the Billy Diamond Highway, which runs through the project area. Additionally, the town of Matagami, which serves as the railhead of the Canadian National Railway, is about 150 kilometers south of the property. This accessibility could prove advantageous for potential future development.
The lithium market has seen significant interest in Quebec’s James Bay region in recent years, with several major discoveries attracting international attention. The province has been actively supporting lithium exploration as part of its strategic minerals initiative aimed at positioning Quebec as a key supplier for battery materials in North America’s expanding electric vehicle supply chain.
Q2 Metals indicates that mineralization at Cisco remains open at depth and along strike, suggesting potential for further expansion beyond current exploration targets. The company expects to receive rolling assay results from the ongoing drill campaign in the coming weeks and months, which will provide critical data as it works toward completing its initial resource estimate.
The accelerated exploration program at Cisco represents a significant step for Q2 Metals as it seeks to establish itself among the emerging lithium developers in Quebec’s increasingly prominent critical minerals sector.
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Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
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Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
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Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
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Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.
Absolutely, Michael. The fact that they raised this much in a tough market shows real confidence in the project.
Alex, you’re right—it’s early days. But the resource definition is a critical step before any production plans.