- Quebec Silica (QTZ) is moving forward with the first phase of development on its Charlevoix property
- The company has engaged Geologica Group Conseil, a Quebec-based company with over 36 years of expertise in Canadian and international exploration
- The company plans to perform various exploration activities to identify high-grade zones of the Charlevoix silica deposit
- Quebec Silica Resources is a resource development and technology company
- Quebec Silica Resources Corp. (QTZ) is steady, trading at $0.06 per share
Quebec Silica (QTZ) is moving forward with the first phase of development on its Charlevoix property.
The company has engaged Geologica Group Conseil, a Quebec-based company with over 36 years of expertise in Canadian and international exploration.
Raymond Wladichuk, President and CEO of Quebec Silica, commented on the announcement.
Quebec Silica’s goal is to be a supplier of high-grade silica for use in the high technology industry, specifically battery technology and renewable energy,” he said, adding, “We believe Geologica will be an important contributor to achieving our goals.”
The global silicon metal market is expected to grow by US$675.35 million from 2020 to 2024, the company reported in its release.
Advances made in research on the use of silicon in lithium-ion battery anodes indicate that by 2030, up to 30 per cent of the active anode materials for lithium-ion batteries used in electric vehicles could be silicon.
The Quebec Silica team has been in discussions with various technology companies that require a secure source of high-grade silica.
The company plans to perform a heliborne magnetic-radiometric geophysical survey followed by line cutting, mapping, trenching, and drilling to identify high-grade zones of the Charlevoix silica deposit.
Quebec Silica Resources is a resource development and technology company focused on providing and developing resources essential in the electrification of the economy.
Quebec Silica Resources Corp. (QTZ) is steady, trading at $0.06 per share as of 3:35 pm ET.
