MQMIF

MetalQuest Mining Inc

The Ring of Fire is a 5,000 km&#178; mineral-rich area in Ontario&#8217;s remote James Bay Lowlands, discovered in 2007. It hosts world-class deposits of chromite, nickel, copper, platinum-group elements, and other critical minerals essential for electric vehicles and clean energy technologies. Widely regarded as Canada&#8217;s most promising undeveloped mining district, the region has the potential to generate tens of billions in economic value, create thousands of jobs, and establish Canada as a secure North American source of green-transition metals.</p></p>Given this context, it&#8217;s no surprise that when a junior mining company announced a new acquisition in the Ring of Fire, its shares surged to an all-time high.</p></p>MetalQuest Mining Inc. <a href="https://www.allpennystocks.com/stockquote/MQM:CA" target="_blank"><strong>(TSX-Venture: MQM)</strong></a> <a href="https://www.allpennystocks.com/stockquote/MQMIF" target="_blank"><strong>(OTCQB: MQMIF)</strong></a> announced last week that the company has acquired the ROF-1 Project, a large critical-minerals land package in Northern Ontario&#8217;s Ring of Fire region. The property encompasses over 1,000 claim cells (about 20,800 hectares) and marks the company&#8217;s first major move in its broader Ring of Fire expansion plan. Situated roughly 10 kilometers from Wyloo Metals&#8217; Eagle&#8217;s Nest nickel-copper-PGE deposit, as well as the Black Thor chromite deposit and the McFaulds VMS trend, the project places MetalQuest in a highly prospective mineral district. Upcoming exploration efforts will focus on evaluating the potential for similar mineralization styles within the new claims, although the company stressed in the press release that mineralization on nearby properties does not guarantee the same results on ROF-1.</p></p>The acquisition positions MetalQuest within a region that is rapidly gaining momentum thanks to growing investment from industry partners and government support. Ontario Premier Doug Ford has reaffirmed his commitment to building an all-season road into the Ring of Fire to unlock critical-minerals development, stimulate economic activity, and enhance opportunities for Indigenous communities. Recent agreements with Marten Falls and Webequie First Nations have paved the way for progress, with Ford aiming to begin road construction as early as August 2026. This infrastructure push, combined with the presence of multiple advanced mineral deposits, strengthens the strategic value of MetalQuest&#8217;s newly secured project.</p></p>Shares of MQM closed Friday up 10% at $0.275, while U.S. listed shares (MQMIF) surged 38.03% on the day at $0.196.</p> <p>Copyright © 2025 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.</p><p>View <a href='https://www.allpennystocks.com/specialreportsCA/2388/junior-miner-makes-strategic-move-in-ontarios-ring-of-fire-shares-jump'>more of this article</a> on AllPennyStocks.com.</p><p><strong>About AllPennyStocks.com Media, Inc.:</strong></p> <p>Founded in 1999, AllPennyStocks.com Media, Inc. is North America's largest and longest running website dedicated exclusively to micro-cap and small-cap insights.</p> <p>Catering to both Canadian and U.S. markets, AllPennyStocks.com provides a wealth of resources and expert content designed for everyone, from beginner investors to seasoned traders.</p> <p>AllPennyStocks.com's content is prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.</p> <p>Contact:</p> <p>AllPennyStocks.com Media, Inc.</p> <p>Email: <a href="mailto:ads@allpennystocks.com">ads@allpennystocks.com</a></p> <p>Phone: (800) 558-4560 Ext: 101</p>

The Ring of Fire is a 5,000 km&#178; mineral-rich area in Ontario&#8217;s remote James Bay Lowlands, discovered in 2007. It hosts world-class deposits of chromite, nickel, copper, platinum-group elements, and other critical minerals essential for electric vehicles and clean energy technologies. Widely regarded as Canada&#8217;s most promising undeveloped mining district, the region has the potential to generate tens of billions in economic value, create thousands of jobs, and establish Canada as a secure North American source of green-transition metals.Given this context, it&#8217;s no ...