MQM’s share price has risen 58% since October 2025, supported by several transactions that strengthened and diversified its portfolio. The company’s flagship Lac Otelnuk Iron Ore project in Quebec is progressing through engineering work with plans for an updated feasibility study. A previous 2015 study estimated an after-tax NPV (8%) of US$5.24B at an iron ore price of US$105/t, while MQM’s current market cap is only $14M, suggesting the project may be significantly undervalued by the market.
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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