- CEO
- Christopher E.O. Irwin
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 789 West Pender Street Vancouver BC Canada V6C 1H2
- IPO Date
- Jan 8, 2021
- Business
- Metallica Metals Corp. (Ticker: MTALF), now operating as Quebec Rare Earth Elements Corp. (QREE), is a Canadian junior mining exploration and development company focused on acquiring, exploring, and developing rare earth element (REE) properties, alongside precious metals including gold, silver, platinum group metals (PGMs), platinum, and palladium projects; its key assets encompass the Carcajou REE project covering 77 square kilometers southwest of the Crevier Carbonatite in Quebec, the Caribou REE Property in Quebec's North Shore region, an option to acquire 100% interest in the 48.8 square kilometer Lynx REE project in Quebec, the Starr gold-silver project, and the Sammy Ridgeline and Richview Pine PGM projects in the Thunder Bay Mining District of Ontario, as well as land positions in British Columbia's Golden Triangle. The company targets high-tech, defense, renewable energy, and industrial markets reliant on REEs such as neodymium, praseodymium, dysprosium for magnets in electric vehicles and wind turbines, cerium and lanthanum for catalysts, and others for electronics, lighting, glass polishing, medical imaging, and nuclear applications, operating primarily in the favorable mining jurisdictions of Quebec and Ontario, Canada. Founded in 1987 and headquartered in Toronto, Canada, the company maintains a Quebec-based management team with extensive experience across mining stages from grassroots exploration to production.
In a major strategic shift within the last two years, Metallica Metals Corp. completed a name change to Quebec Rare Earth Elements Corp. effective November 20, 2023, with its CSE ticker updating to QREE to reflect its sharpened focus on REE opportunities amid global supply chain concerns dominated by China. Recent activities include entering a purchase agreement in April 2023 to acquire 2,072 hectares across 37 mineral claims in Quebec, alongside proposed consolidations and acquisitions of additional mineral assets to bolster its REE portfolio. These moves align with ongoing exploration efforts on its Quebec-centric projects, positioning the company to develop secure North American REE supplies for critical applications.