Durango Resources Transitions to Quantum Critical Metals Corp. to Focus on Critical Mineral Exploration
TL;DR
Renaming to Quantum Critical Metals Corp. positions Durango for growth in critical metals sector.
Name change to Quantum Critical Metals Corp. effective March 17, 2025, with new trading symbol LEAP on TSX Venture Exchange.
Focus on critical metals supports sustainable mineral supply for advancing technologies, contributing to national security and economic stability.
Recent geopolitical concerns emphasize the need for diversified supply chains and domestic sources for critical metals.
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Durango Resources Inc. announced its transition to Quantum Critical Metals Corp., reflecting the company's strategic emphasis on critical mineral exploration and development. Effective March 17, 2025, the company will trade under the new name and ticker symbol 'LEAP' on the TSX Venture Exchange. This name change underscores the increasing importance of critical metals in modern technologies, including renewable energy systems, defense applications, and advanced electronics.
Both the United States and Canada have identified specific lists of critical minerals crucial to economic and national security. The U.S. Geological Survey's 2022 list included 50 critical minerals, while Canada designated 34 minerals as critical in 2024. Recent geopolitical tensions have highlighted the strategic significance of diversifying critical mineral supply chains. China's dominant position in the production and processing of several critical minerals, combined with recent export restrictions, has heightened global concerns about mineral supply stability.
Durango holds a 100% interest in multiple strategic properties, including the NMX East Gallium & Critical Metals Project near the Whabouchi lithium deposit in Québec, as well as claims in the Babine Copper-Gold Porphyry District and Troilus Gold Camp. The company's experienced management team is committed to unlocking new mineral discoveries and supporting Canada's critical minerals strategy. Shareholders should note that the name change will not affect existing share certificates, and no action is required on their part. The company's new CUSIP number will be 74766V100, with a new ISIN of CA74766V1004.
This strategic rebranding occurs at a critical juncture when global industries increasingly depend on secure and sustainable sources of essential minerals. By focusing on critical metals, Quantum Critical Metals Corp. positions itself at the forefront of addressing global mineral supply challenges and supporting technological innovation across multiple sectors.
Curated from NewMediaWire
