Business
Québec Nickel Announces Signing of Definitive Agreement to Acquire the Ecru Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Québec Nickel Corp. (CSE: QNI) (FSE: 7lB) (OTCQB: QNICF) ("QNI" or the "Company") announces
About this update from Aurbis Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Québec Nickel Corp. (CSE: QNI) (FSE: 7lB) (OTCQB: QNICF) (\"QNI\" or the \"Company\") announces that negotiations relating to the non-binding letter of intent signed with Orogen Royalties Inc. (\"Orogen\") on December 12, 2025 and pertaining to the acquisition of 100% interest in the Ecru Property, located on the Cortez/Battle Mountain Trend in Nevada, have concluded. The Company is pleased to announce that a definitive purchase and sale agreement for the Ecru project has been signed between QNI and Orogen on the 26th of February 2026. The Ecru Property consists of 112 mining claims and is situated north of the Pipeline-Cortez-Goldrush-Robertson deposit cluster, one of Nevada's most prolific gold districts. The agreement also includes the transfer of a sublease agreement between Orogen and Nevada Gold Mines LLC to the Company, for all rights in certain additional real property held by Nevada Gold Mines LLC. Transaction Terms Under the terms of the definitive agreement, the Company will acquire the Ecru Property for aggregate consideration of $540,000, payable as follows: $250,000 in cash payable on closing; 1,000,000 common shares of Québec Nickel issued on closing, at the issue price of $0.165 per share, representing the permitted discount to the closing price of the Company's common shares on February 26, 2026; Within six (6) months of closing, the issuance to Orogen of $125,000 of common shares at an issue price per share equal to the 10-day volume weighted average price (VWAP) of the common shares of the Company on the CSE at the date of the issue. In addition, Québec Nickel will grant Orogen a 2.0% net smelter return royalty on the Ecru Property. Québec Nickel has already paid Orogen a non-refundable commitment fee of $25,000, which will be credited against the cash portion of the purchase price payable upon closing. Completion of the proposed acquisition of the Ecru Property transaction is subject to, among other things, the satisfaction of customary closing conditions. The Company expects to close the acquisition within the next 30 days, as contemplated in the definitive agreement. The acquisition of the Ecru Property represents QNI's entry into one of the world's premier gold mining districts, allowing the Company to leverage its technical and corporate...