MetalQuest Mining Chairmans Message
March was an active and constructive month for MetalQuest Mining. Much of the month was framed around PDAC, the world’s largest mining conference, including the work required before the event, the meetings and relationship-building during the conference, and the extensive follow-up afterward. Following PDAC, members of our broader team, including directors, employees, consultants, and newer members of the organization, also gathered in Rockport for several days of intensive planning, budgeting, milestone-setting, and strategic discussions extending through the balance of the calendar year. This collaborative session also included one of our professional coaching sessions, which we believe continues to strengthen alignment, accountability, and long-term execution across the organization.
Interview with the Northern Miner at PDAC 2026
March news flow for MQM included the completion of due diligence on the West Cameron Gold Project, receipt of TSX Venture Exchange approval on that transaction, the staking of the new East Cameron Gold Project, and the appointment of Ali Alizadeh to the Board of Directors. Collectively, these developments reflect the continued execution of our strategy to build a diversified mineral exploration and development company anchored by our flagship Lac Otelnuk Iron Project in Quebec, while also expanding our footprint in the Kenora Mining District of northwestern Ontario.
One of the most important developments for the Company has been the continued consolidation of strategic land positions in the Kenora Mining District by both MQM and New Age Metals. We believe this district is emerging as an increasingly attractive gold exploration region, supported by infrastructure, access, and renewed industry attention. In March, MQM advanced this strategy through the West Cameron and East Cameron gold projects, while NAM continued to build out its own gold and critical metals footprint in the broader region. Together, we believe these parallel efforts are creating meaningful scale and regional relevance for both companies in an underexplored but increasingly active northwestern Ontario jurisdiction.
In parallel with these acquisitions, we are establishing a Kenora-based field operations office and core facility that we believe will become an important operational hub for our regional activities. As previously disclosed, this facility will be shared with New Age Metals Inc., which currently holds an approximate 10% equity interest in MetalQuest. Both NAM and MQM are managed under the International Metals Group (IMG) umbrella. IMG is a collective of seasoned mining professionals with deep experience across the full mining lifecycle.
The field office is expected to support not only MQM’s Kenora-area projects, but also broader regional exploration activity, while providing a practical base for core storage, equipment staging, sleeping quarters, and general field logistics. We believe this shared infrastructure model should improve efficiency, reduce mobilization costs, and create meaningful operational synergies between the two companies as both continue to expand their regional portfolios.
We are also pleased to be opening this facility to shareholders and interested parties through an open house scheduled for April 11, 2026, in Kenora. We see this as a valuable opportunity to showcase our growing regional presence, provide greater visibility into our strategy, and strengthen local and shareholder engagement as we continue to establish our footprint in northwestern Ontario.
This expansion in Kenora is strategically important for MetalQuest for several reasons. First, management has deep roots in the gold exploration and development business. I spent many years as the founder and CEO of Freegold Ventures, where we advanced the Golden Summit Project in Alaska. Gold is a sector our team understands well, and we believe that experience gives us a practical advantage as we evaluate and advance opportunities in the district. Second, the current gold market backdrop remains supportive. Ongoing geopolitical instability has reinforced gold’s role as a safe-haven asset and helped support broader investor interest in the precious metals sector. In our view, this environment continues to highlight the value of maintaining exposure to quality gold opportunities alongside our other strategic mineral assets.
While our Ontario gold strategy is expanding, the long-term foundation of MetalQuest remains the Lac Otelnuk Iron Project in Quebec’s Labrador Trough. Lac Otelnuk continues to represent one of the most significant assets in our portfolio, and we remain focused on advancing it in a disciplined and methodical manner. As noted in our recent disclosures, the AtkinsRéalis Gap Analysis provided a clear framework for the project’s next phase of advancement and did not identify issues that would preclude continued progress. We continue to view Lac Otelnuk as a cornerstone asset with long-term strategic value.
March also saw a strengthening of our board with the appointment of Ali Alizadeh, M.Sc., MBA, P.Geo., as a director of MetalQuest. Ali brings significant geological and project management experience across the junior mining sector and adds further technical depth to our leadership team as we continue to grow the Company and evaluate multiple project streams.
In addition, management has continued its international business development efforts. Over the past several months, we travelled to Japan to meet with major mining companies and trading houses. Those meetings have generated encouraging leads, and we have now signed non-disclosure agreements with two groups and remain in active discussions. While these discussions remain at an early stage, we believe they reflect growing international interest in strategic mineral opportunities and in the type of project pipeline we are continuing to build.
As we move forward, our goal remains clear: to build long-term shareholder value through disciplined acquisitions, responsible exploration, strong technical execution, and active business development. We believe the steps taken during March have strengthened MetalQuest’s strategic position, both through the continued advancement of Lac Otelnuk and through the ongoing buildout of our growing gold division in the Kenora Mining District.
Thank you to our shareholders, partners, and stakeholders for your continued support. We value your trust, and we remain committed to executing a disciplined plan focused on technical progress, responsible development, and long-term value creation.
We encourage interested parties to set up a meeting with management by sending us an email to [email protected] or giving us a call at +1 613 659 2773.
On behalf of the Board of Directors and Management, we thank you for your continued support and trust in MetalQuest Mining.
Sincerely,
Harry G. Barr
Chairman and CEO
MetalQuest Mining (TSX.V: MQM; OTCQB: MQMIF; FSE: E7Q.F)
Email: [email protected]
Phone: 613-659-2773
Related Posts
Tags
Share This
