04:26 PM EST, 01/17/2025 (MT Newswires) -- Quebec Precious Metals ( CJCFF ) after close of trade Friday said it received $200,000 plus other consideration following the sale of its stake in an Ontario property.

The company said it sold International Explorers and Prospectors its 50% interest in certain mining rights forming part of the Matheson Township mining property located in Ontario.

QPM has a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont's Eleonore gold mine.

The corporation is focusing on advancing its Sakami gold project and its newly discovered, drill-ready Ninaaskuwin lithium showing on the Elmer East project. In addition, the corporation holds a 68% interest in the Kipawa rare earths project located near Temiscaming, Que.