What Quebec Precious Metals does

Quebec Precious Metals Corporation (QPM) was a Canadian mineral exploration company focused on gold and critical minerals, headquartered in Montreal and operating in Quebec's Eeyou Istchee territory, including the James Bay region. The company was incorporated in 1984 and maintained a small team of 1-10 employees. Its core assets comprised the Sakami Gold Project (an inferred mineral resource of 825,000 ounces of gold at 23.9 million tonnes grading 1.07 g/t gold, open in all directions), the Eau Claire Gold Project (with a published preliminary economic assessment showing a base-case after-tax NPV of C$554 million and IRR of 41%), and the Kipawa Rare Earths Project. The underlying "technology" was traditional mining exploration and mineral resource identification, with no proprietary software or AI capabilities disclosed.

QPM was a pre-revenue exploration-stage company; it did not generate revenue from mineral production and had no product pricing. Capital was raised through equity financings (four disclosed funding rounds between 2019 and 2024 totaling roughly C$11.2 million, plus a C$18 million brokered flow-through financing), with a total disclosed valuation reference of C$24 million tied to its acquisition. The company's customer segments were effectively mining-industry investors and strategic partners seeking exposure to gold and critical-minerals exploration assets in a tier-one mining jurisdiction with established Indigenous consultation frameworks.

In 2025, Fury Gold Mines Limited announced an all-share acquisition of 100% of QPM valued at C$24 million, supported by a C$4.3 million private placement from Agnico Eagle Mines into Fury Gold. The transaction was announced on 2025-02-27 and completed on 2026-01-08, consolidating QPM's exploration assets into Fury Gold's Quebec-focused portfolio. Following completion, QPM became a wholly-owned subsidiary of Fury Gold Mines Limited, and its operating status is recorded as acquired.

Name

Quebec Precious Metals

Website

https://qpmcorp.ca

Company type

Private

Founded year

1984

Operating status

Acquired

Headcount range

1–10 employees

Short description

Quebec Precious Metals is a pre-revenue Canadian mineral exploration company that operated gold and rare-earths exploration assets in Quebec's Eeyou Istchee territory, including the Sakami Gold Project (825,000 inferred ounces) and the Eau Claire Gold Project, before being acquired by Fury Gold Mines in 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Mineral resource development and asset monetization: Pre-revenue exploration stage company. Revenue would be generated through sale of exploration assets, joint venture partnerships, or development into production. The company held exploration assets in Quebec's Eeyou Istchee territory that were consolidated into Fury Gold Mines through the acquisition.

Distribution channels1 record

Core offering

Quebec Precious Metals (QPM) is a mineral exploration company focused on gold and other critical minerals in Quebec, Canada. The company held a portfolio of exploration-stage assets including the Sakami Gold Project (825,000 inferred ounces of gold), the Eau Claire Gold Project, and the Kipawa Rare Earths Project. In 2025-2026, QPM was acquired by Fury Gold Mines Limited in an all-share deal valued at C$24 million.

Product overview

Quebec Precious Metals (QPM) operated as a precious metals mining and exploration company with a portfolio of gold and rare earths exploration assets in Quebec, Canada. The company's primary assets included the Sakami Gold Project (825,000 oz inferred gold resource), the Eau Claire Gold Project (C$554M NPV), and the Kipawa Rare Earths Project. QPM was acquired by Fury Gold Mines Limited in 2025 in an all-share deal valued at C$24 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Sakami Gold Project A wholly-owned gold exploration project located in Quebec's James Bay region with an initial inferred mineral resource of 825,000 ounces of gold (23.9 million tonnes grading 1.07 g/t gold). The resource remains open for expansion in all directions and was acquired at a discovery cost of less than C$9 per ounce.
• Eau Claire Gold Project A gold project in Quebec with a published preliminary economic assessment showing a base-case after-tax NPV of C$554 million and IRR of 41%. Subject to a 10,000-metre drilling program focused on resource growth and mine plan enhancement.
• Kipawa Rare Earths Project A rare earths exploration project in Quebec with emphasis on community engagement and exploration potential. The project became part of Fury Gold's expanded portfolio following the acquisition of Quebec Precious Metals.

Quantifiable outcome

• Sakami project: 825,000 inferred ounces of gold at discovery cost of less than C$9 per ounce
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Fury Gold Mines LimitedcoreStrategic or Co-development Partner · 1 January 2025Fury Gold Mines acquired 100% of Quebec Precious Metals in an all-share deal valued at C$24 million. The acquisition consolidated exploration assets in Quebec's Eeyou Istchee territory and enhanced Fury's portfolio, including the Sakami project with 825,000 inferred ounces of gold.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Fury Gold Mines: Fury Gold Mines acquired 100% of Quebec Precious Metals in 2025-2026, consolidating Quebec gold exploration assets including Sakami and Eau Claire. As QPM's parent and direct continuation vehicle, it is the most directly comparable operator.
• Osisko Mining: Osisko Mining is a Quebec-focused gold exploration and development company advancing the Windfall Lake project in the Abitibi region. It competes directly with QPM for exploration capital, talent, and prospective ground in Quebec.
• Probe Metals: Probe Metals is a Quebec-focused gold explorer advancing the Val-d'Or East project in the Abitibi. It shares the same target customer base (Quebec gold investors) and a comparable junior-explorer's development-stage business model.
• Wallbridge Mining: Wallbridge Mining is a Quebec-focused gold and base metals explorer with the Detour-Fenelon project in the Abitibi. It operates in the same jurisdiction and targets a similar resource-stage development path.
• Bonterra Resources: Bonterra Resources is a junior Quebec gold explorer with the Gladiator and Barry projects in the Abitibi. It has a comparable scale, business model, and target investor base to QPM.
• Troilus Gold: Troilus Gold is advancing the Troilus copper-gold project in Quebec, transitioning from explorer to developer. It is directly comparable to QPM's development-stage Eau Claire asset and the broader Quebec exploration universe.
• Wesdome Gold Mines: Wesdome Gold Mines operates the Eagle River and Kiena mines in Ontario/Quebec and has exposure to the same Eastern Canadian gold geology that hosts QPM's assets.

Broad incumbents

• Agnico Eagle Mines: Agnico Eagle is one of the world's largest gold producers with deep operational roots in Quebec's Abitibi. It is both a strategic investor in QPM (C$4.3M private placement) and a benchmark incumbent against which Quebec juniors are evaluated.
• IAMGOLD: IAMGOLD is a senior gold producer with significant Quebec operations (Westwood, Nelligan joint venture). It represents the broad-incumbent end of the Quebec gold ecosystem in which QPM operates.
• New Gold: New Gold is an intermediate gold producer with Canadian assets (Rainy River, New Afton). It operates in the same broader Canadian gold ecosystem and offers a benchmark for transition from explorer to producer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/qpmcorp

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quebec Precious Metals