Canadian company QC Copper and Gold has entered an agreement to acquire the remaining 50% interest in the Roger Gold-Copper Project from SOQUEM, a subsidiary of Investissement Québec.
The project is situated in the Chibougamau mining district of Quebec.
Chibougamau has a rich mining history, with multiple past-producing mines within 15km, including the company’s Opemiska Project and Cygnus Metals’ Cedar Bay, Devlin and Corner Bay projects.
From 1953 to 2008, the Chapais-Chibougamau region produced around 1.6 million tonnes of copper and roughly six million ounces of gold.
To finalise this acquisition, QC Copper will make an initial payment of C$75,000 ($54,220) and subsequent share payments totalling C$1.6m over four years.
The number of shares issued will be calculated based on the volume-weighted average price preceding the issue date or C$0.05 per share, whichever is higher.
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The transaction awaits approval from the TSX Venture Exchange and is expected to close by the end of October 2025.
Upon closing, SOQUEM will retain a 2% net smelter return royalty on the Roger property, with QC Copper retaining buyback rights.
The Roger Project, spanning 987 hectares and located just 5km from the historic mining centre of Chibougamau, has all-season road access and power.
It also features an NI 43-101-compliant mineral resource estimate from August 2018.
The acquisition is seen as a strategic move for QC Copper, particularly after the release of favourable metallurgical results in August 2023.
The Roger Project is also adjacent to Northern Superior’s Croteau Est deposit to the north, which has an inferred resource of 640,000oz of gold.
Holding 100% of Roger offers the company the option to either include it in future development strategies for Opemiska or develop it as a separate project, due to its advantageous location, promising geology and significant resource potential.
