BULLETIN V2026-3216
NORDIQUE CRITICAL METALS INC. ("NQC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 14, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an option joint venture agreement (the "Agreement") dated November 17, 2025, as amended February 4, 2026, between Nordique Critical Metals Inc. (formerly Consolidated Lithium Metals Inc.) (the "Company") and SOQUEM Inc. (the "Vendor"), an arm's length vendor and subsidiary of Investissement Qu bec. Pursuant to the terms of the Agreement, the Company may acquire an undivided interest of up to 80% in the Kwyjibo rare earth project (comprising 81 mining titles covering approximately 4,387.59 hectares), located 125 kilometers northeast of the city of Sept- les in the C te-Nord region of Qu bec (the "Property"). The Company may acquire a 60% undivided interest in the Property ("Phase I") over a 5-year period by making total cash payments of $5,650,000, issuing $5,500,000 in common shares (up to a maximum of 110,000,000 shares), and incurring $12,000,000 in exploration expenditures. Following the completion of Phase I, the Company may earn an additional 20% undivided interest in the Property, bringing its total interest to 80%, over a 3-year period by making total cash payments of $4,500,000, issuing $4,500,000 in common shares (up to a maximum of 90,000,000 shares), and incurring $13,000,000 in exploration expenditures. In the event that the market price of the common shares on a scheduled issuance date is less than $0.05, or if an issuance would result in the Vendor holding 10% or more of the Company's issued and outstanding common shares, no shares shall be issued, and the Company will perform its payment obligations in cash. Any issuance resulting in the Vendor holding 10% (on an undiluted basis) or more requires prior written Exchange approval. Additionally, the Company holds an option to negotiate to earn an additional 20% undivided interest in the Property, bringing its total interest to 100%. The Property remains subject to an underlying 1.5% Net Smelter Return (NSR) royalty in favour of the Ir
The transaction is arm's length in nature, and no finder's fees are payable.
For further information, refer to the Company's news releases dated November 18, 2025, February 5, 2026, and October 13, 2026.
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