Q2 Metals Corp. Reports Significant Extension of Mineralisation at Cisco Lithium Project

Q2 Metals Corp. (TSX‑V: QTWO) has announced that the latest drill program at its Cisco Lithium Project in Quebec has yielded a 179.2‑metre intercept of 1.24 % Li₂O. The result, disclosed on 22 January 2026, represents a substantial extension of the known mineralised zone and confirms the project’s potential to deliver a robust lithium resource.

Drill Results Confirm System Growth

Drill hole CS25‑065, situated north of the previously defined mineralised zone, produced five distinct intervals, the longest being 179.2 m at 1.24 % Li₂O. An additional 15.7 m of 1.48 % Li₂O was identified within the same hole. A second hole, CS25‑057, revealed six intervals, including a 49.8 m stretch at 1.41 % Li₂O and a 35.8 m stretch at 1.51 % Li₂O. These findings demonstrate that the lithium system extends further to the north at shallow depths than previously anticipated.

“Drill hole 65 demonstrates the continued growth potential of the Cisco Project,” said Neil McCallum, Vice‑President of Exploration. “With the team now back at the site and four rigs operating, we are eager to continue our infill programme and potentially expand upon the mineralised zone’s known boundaries.”

Program Scale and Future Outlook

The 2025 drill campaign encompassed 74 holes totaling 31,961 m. The company has already completed assays for the majority of these holes, with remaining results pending. The four‑rig programme in winter 2025 is focused on infill drilling, targeting an inaugural Preliminary Economic Assessment (PEA) scheduled for late 2026. A formal resource estimate is anticipated in the first quarter of 2026, contingent on the receipt of all remaining assay data.

Strategic Implications

Q2 Metals’ Cisco Project is situated within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region, an area known for high‑grade lithium mineralisation. The company’s expansion of the mineralised system reinforces its position as a key player in North America’s strategic mineral sector and supports its broader portfolio of exploration and mining services in the gold and lithium markets.

Market Context

The company’s shares, trading on the TSX Venture Exchange, closed at CAD 2.30 on 21 January 2026, reflecting investor confidence in the project’s upside. Despite a historically negative price‑earnings ratio of –120.34, the recent drill results are likely to influence future valuation multiples as the project moves closer to a definitive resource.

Forward‑Looking Statements

The management team expressed optimism regarding the 2026 resource estimate and the forthcoming PEA. “We look forward to delivering on our stated goals in 2026 and continuing to add shareholder value,” said President and CEO Alicia Milne. The company maintains that the next major milestone is the quantification of an official resource, which will benchmark the Cisco Project against global peers and potentially unlock further development funding.

The information presented herein is derived solely from the supplied news releases and the company’s publicly available data.