InvestSMART

QEM Limited (ASX:QEM)

ALERT: Price-sensitive ASX Announcement for QEM
Current share price for QEM : $0.016 -0.01 (-38.46%)+
Announcement
Release
28 May 2026 4:39PM
Price at Release
$0.026
Full Release
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Summary
QEM Limited announced on 28 May 2026 an extension of the due diligence period for acquiring two critical minerals exploration projects in Idaho, U.S.A. The projects, Big It and Columbite, focus on minerals like tungsten, antimony, niobium, and tantalum. This strategic acquisition is intended to bolster QEM’s position in critical minerals, addressing U.S. supply vulnerabilities. Due diligence has been extended to 30 June 2026 to investigate chain of title and environmental exposures. The acquisition involves issuing shares for a total consideration of $300,000, with an introduction fee paid in shares to Oakley.
Key Points
  • QEM Limited extends due diligence for Idaho projects.
  • Extension addresses legal, financial, and environmental concerns.
  • Projects include Big It and Columbite, focusing on critical minerals.
  • Acquisition involves issuing shares with a total consideration of $300,000.
  • Introduction fee to Oakley paid in shares.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.