Business
Quebec Nickel Announces Letter of Intent to Acquire the Ecru Property, Nevada
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Québec Nickel Corp. (CSE: QNI) (FSE: 7IB) (OTCQB: QNICF) ("QNI" or the "Company") is pleased
About this update from Aurbis Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Québec Nickel Corp. (CSE: QNI) (FSE: 7IB) (OTCQB: QNICF) (\"QNI\" or the \"Company\") is pleased to announce that on December 12, 2025 the Company entered into a non-binding letter of intent (the \"LOI\") with Orogen Royalties Inc. (\"Orogen\") pursuant to which Québec Nickel proposes to acquire a 100% interest in the Ecru Property, located on the Cortez/Battle Mountain Trend in Lander County, Nevada. The Ecru Property consists of 112 mining lode claims held directly by a US subsidiary of Orogen and situated north of the Pipeline-Cortez Hills-Goldrush-Robertson deposit cluster, one of Nevada's most prolific gold districts, as well as rights in certain additional real property held pursuant to Orogen's mining sublease with Nevada Gold Mines LLC. Transaction Terms Under the terms of the LOI, Québec Nickel proposes to acquire the Ecru Property for aggregate consideration of $505,000, payable as follows: $250,000 in cash payable on closing; $130,000 in common shares of Québec Nickel issued on closing at the issue price of $0.125 per share; and $125,000 in common shares of Québec Nickel to be issued within six months of execution of a definitive agreement, priced at the 10-day VWAP of the Company's shares at the time of issuance. In addition, Québec Nickel would grant Orogen a 2.0% net smelter return royalty on the Ecru Property. As part of the LOI, Québec Nickel has paid Orogen a non-refundable commitment fee of $25,000 in consideration for a 60-day exclusivity period, which amount would be credited against the cash portion of the purchase price upon completion of the transaction. Completion of the proposed acquisition of the Ecru Property transaction is subject to, among other things, the negotiation and execution of a definitive agreement, completion of satisfactory due diligence, and the satisfaction of customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the transaction will be completed. The proposed acquisition of the Ecru Property is consistent with Québec Nickel's strategy of selectively acquiring high-quality mineral assets in established mining jurisdictions with strong geological fundamentals and clear pathways for value creation. Subject to closing, the Company intends to advance the Ecru ...