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MONTREAL, QC / ACCESSWIRE / January 13, 2021 / Quebec Precious Metals Corporation ( QPM or the Company ) (TSXV:QPM)(OTCQB:CJCFF)(FSE:YXEP) is pleased to inform that it has received recently payments totalling $ 300,000 in connection wih the monetization of two non-core assets as follows:
Tansim lithium project - final payment of $250,000 in reference to the exercise of the second option by Sayona Mining Limited and Sayona Québec Inc. (collectively, Sayona Qc ) to acquire an additional undivided 50% interest in the project s mining rights forming part of the project. Sayona Qc now owns 100% interest in the project. In addition, Sayona has granted to QPM a 2% Net Smelter Return royalty on all payable metals from the mining rights; and