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- Quebec Just Added 6 More To Their Critical & Strategic Minerals đź‘€
Quebec Just Added 6 More To Their Critical & Strategic Minerals đź‘€
Wingman
January 24, 2024
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Yesterday at 2 PM ET, Quebec's Minister of Natural Resources and Forests, Maïté Blanchette Vézina, unveiled the 2023-2025 Action Plan for the implementation of the Quebec Plan for the Valorization of Critical and Strategic Minerals 2020-2025 (PQVMCS), launched in October 2020.
The updated plan includes quite a few things that you can read in the link below, but what we cared about is the 6 new critical/strategic minerals that were added to the list.
Aluminum, apatite, germanium, manganese, high-purity iron and high-purity silica
Any companies operating in Quebec that are exploring for these that are on your radar? We have one…
*This is translated from the original French version*
The Minister also takes advantage of the unveiling of Action Plan 2023-2025 to announce the update of the list of critical and strategic minerals (MCS) considered by Quebec. Aluminum, apatite, germanium, manganese, high-purity iron and high-purity silica are added to this list; the number of MCSs on it increases from 22 to 28. This bonus is the result of a consultation with the organizations concerned and an analysis by a committee of government experts.
Now, we have a position in First Phosphate, and they were the ones who brought this news to our attention.
Apatite is a group of phosphate minerals, which translates to an additional tax break for investors.
This is a very positive development, but please note that it is provincial, not federal. Nevertheless, it is a step in the right direction, and we assume the federal government would follow suit, given the growing need for lithium iron phosphate batteries in the EV movement.
Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) (“Hot Chili” or the “Company”) is pleased to announce the commencement of the next phase of the Company’s 30,000m resource growth focused drill programme for the Costa Fuego Copper-Gold Project (“Costa Fuego” or “the Project”), located in the coastal range of the Atacama Region, Chile.
A total of 47 Reverse Circulation (RC) drill holes for 11,500m have been completed since the Company’s resource growth focused drill programme commenced in late July 2023.
Drilling aims to test multiple resource growth opportunities, which may allow Hot Chili to consider an up-lift in the Pre-feasibility study scale for Costa Fuego.
Seeing some promising visible gold here – we're quite impressed with this opportunity. The team is making aggressive moves to secure production permits for an open-pit mine in Mexico, particularly at Pilar. It's essential to note that this news release pertains to their Picacho Project.
Take the time to read through the news release, explore their corporate deck, and review their recent announcements. This is an under-the-radar company with a good share structure. We are genuinely enthusiastic about their current initiatives and like the direction they're heading.
High-grade copper, near surface.
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