QC Copper and Gold Inc. (TSX-V:QCCU, OTCQB:QCCUF) announced it will acquire the remaining 50% ownership of the Roger gold-copper project from SOQUEM, a subsidiary of Investissement Québec.
The acquisition gives QC Copper full control of the 987-hectare project, located near the historic mining center of Chibougamau, Quebec.
The Roger project boasts an NI 43-101 compliant mineral resource estimate completed in 2018.
According to the report, the indicated resource stands at 333,000 ounces of gold-equivalent at a grade of 0.85 g/t, with an inferred resource of 202,000 ounces at a grade of 0.75 g/t.
Roger is accessible via all-season road and connected to power, QC Copper and Gold noted.
The company recently announced favorable metallurgical results, indicating compatibility with its nearby Opemiska project.
The project is adjacent to Northern Superior's Croteau Est deposit and Dore Copper Mining's Gwillim project. The region has historically produced 1.6 million tonnes of copper and 6 million ounces of gold between 1953 and 2008.
QC Copper told investors it sees significant exploration potential with over 58,000 metres of drilling already completed and the deposit open along strike and depth. The acquisition gives the company flexibility to either integrate Roger into its Opemiska development plans or advance it as a standalone project, it said in a statement.
Under the agreement, QC Copper will make an initial cash payment of $75,000, followed by share payments totaling $1.6 million over four years.
The vendor will retain a 2% net smelter return royalty, with buy-back rights for QC Copper.
The transaction is expected to close by October 2025.