Durango Resources Inc. has announced its transition to Quantum Critical Metals Corp., effective March 17, 2025, marking a significant strategic shift towards the exploration and development of critical minerals. This rebranding reflects the company's alignment with the increasing global demand for critical metals, essential for renewable energy systems, defense applications, and advanced electronics. The move is timely, given the heightened focus on securing sustainable and diversified supply chains for these vital resources.
The importance of critical minerals has been underscored by both the United States and Canada, with the U.S. Geological Survey's 2022 list identifying 50 critical minerals and Canada designating 34 as critical in 2024. These minerals are deemed crucial for economic and national security, especially in light of recent geopolitical tensions and China's dominant position in the production and processing of several critical minerals. The U.S. Geological Survey and Canadian government initiatives highlight the urgency of diversifying supply sources to mitigate risks associated with supply chain disruptions.
Quantum Critical Metals Corp. holds a 100% interest in several strategic properties, including the NMX East Gallium & Critical Metals Project near the Whabouchi lithium deposit in Québec, as well as claims in the Babine Copper-Gold Porphyry District and Troilus Gold Camp. These assets position the company to play a pivotal role in addressing the global demand for critical minerals and supporting Canada's critical minerals strategy.
Shareholders of Durango Resources Inc. will not need to take any action regarding the name change, as existing share certificates will remain valid. The company will trade under the new ticker symbol 'LEAP' on the TSX Venture Exchange, with a new CUSIP number of 74766V100 and a new ISIN of CA74766V1004. This transition represents a strategic opportunity for Quantum Critical Metals Corp. to lead in the exploration and development of critical minerals, contributing to technological innovation and the stabilization of global mineral supply chains.
