MetalQuest Mining Inc. Expands Board with Appointment of Ali Alizadeh

MetalQuest Mining Inc. (TSX.V: MQM; OTCQB: MQMIF) announced that Mr. Ali Alizadeh, M.Sc., MBA, P.Geo., FGC, has been appointed to the company’s Board of Directors, effective immediately. The appointment is subject to approval by the TSX Venture Exchange.

Background of the New Director

Mr. Alizadeh is a senior geologist with a record of supporting publicly traded exploration and development companies. He earned a Master of Science in Geochemistry and Petrology in 1995 and an MBA from Queen’s University in 2010. His career has included roles as Vice President of Exploration, where he contributed to uranium, gold, and base‑metal projects. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia and holds a Professional Geologist designation.

Chairman and CEO Harry Barr stated that Mr. Alizadeh’s technical expertise will strengthen MetalQuest’s geological and engineering teams as the company advances its projects and expands its portfolio.

Strategic Context

MetalQuest owns 100 % of the Lac Otelnuk Iron Project in Quebec’s Labrador Trough. The company has recently acquired a portion of the net smelter return royalty on the project and has expended approximately CAD 120 million to date. The Lac Otelnuk project is undergoing a phased approach that includes technical validation, modernization opportunities, infrastructure and logistics planning, ESG and permitting progress, and an updated economic evaluation.

In December 2025, MetalQuest announced the acquisition of the ROF‑1 Project, a critical‑minerals land package in Ontario’s Ring of Fire, comprising 1,034 claims over roughly 20,800 hectares. The site lies near major deposits and shows exploration potential for VMS‑style mineralization.

MetalQuest’s portfolio also includes interests in zinc, copper, and uranium prospects. The company maintains active exploration and development activities and is engaged with the Naskapi First Nation of Kawawachikamach under an Exploration and Pre‑Development Agreement.

Market and Financial Snapshot

  • Market Capitalization: CAD 10,517,861
  • Close Price (26 Mar 2026): CAD 0.29
  • 52‑Week High (9 Feb 2026): CAD 0.40
  • 52‑Week Low (29 Jul 2025): CAD 0.05
  • Price‑to‑Earnings Ratio: 126.64

MetalQuest’s share price has experienced significant volatility, reflecting the high‑risk nature of exploration and development projects in the materials sector. The company’s focus remains on advancing its iron‑project pipeline and critical‑minerals acquisitions while leveraging new board expertise to enhance strategic decision‑making.

All information is provided for informational purposes only and does not constitute investment advice. The appointment of Mr. Alizadeh is contingent upon regulatory approval by the TSX Venture Exchange.