MetalQuest Mining Inc. (MQM) has surged 280% YTD, outpacing TSXV's 54% gain, driven by its flagship Lac Otelnuk iron ore project—one of North America's largest undeveloped deposits with a historic resource supporting 100+ year mine life.In June 2025, MQM engaged AtkinsRéalis for a gap analysis of the 2015 FS (AT-NPV8% US$5.24B at $105/t iron; spot $106/t, +2% YoY), targeting updates for market/regulatory shifts before PFS. Recently, a steel veteran (30+ yrs at JSW/Tata Steel) joined as adviser, ...
MQM’s Lac Otelnuk project is one of North America’s largest undeveloped iron ore deposits, with the potential to support a mine-life of 100+ years. A historic Feasibility Study valued the project at a post-tax NPV8% of US$5.24B, based on a CAPEX of US$9.4B and long-term iron ore prices of US$105/t. Recent recognition of high-purity iron as a critical mineral in Canada opens doors to government funding and tax incentives, enhancing the project's development prospects.
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