Q2 Metals Hits Record Lithium Intercepts at Cisco Project

Event summary

Q2 Metals' Hole 93 at Cisco Lithium Project intersected 403.7 meters at 1.57% Li₂O and 213.8 meters at 1.93% Li₂O, the best results to date.
2026 Summer Drill Program completed 9,552 meters over 22 holes, focused on converting Inferred Mineral Resources to Indicated category.
Cisco Deposit's current Inferred Mineral Resource Estimate stands at 295 Mt grading 1.36% Li₂O.
Preliminary Economic Assessment underway to evaluate Cisco's development potential and economics.

The big picture

Q2 Metals' record drill intercepts at Cisco come as lithium demand continues to surge for battery applications. The project's strategic location near infrastructure in Quebec positions it favorably for development, though it must compete with other large-scale lithium projects vying for investment. The upcoming resource upgrade and economic assessment will be critical in determining Cisco's place in the global lithium supply chain.

What we're watching

Resource Upgrade: Whether the ongoing drill program will successfully convert enough Inferred Resources to Indicated to support project economics.
Economic Viability: The Preliminary Economic Assessment's findings and their impact on Cisco's development timeline and funding requirements.
Exploration Potential: The pace at which regional exploration identifies new high-priority targets beyond the main Cisco deposit.