- CEO
- Harry Gordan Barr
- Full Time Employees
- 27
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 2148 West 38th Avenue Vancouver BC Canada V6M 1R9
- IPO Date
- Feb 8, 1990
- Business
- MetalQuest Mining Inc. is a Canadian diversified critical metals exploration and development company primarily engaged in advancing large-scale mineral projects in Northern Ontario and Quebec. The company focuses on high-impact exploration targets including iron ore, phosphorus, and silicon metal, which are essential for steel production, battery technology, and semiconductor manufacturing. Its main assets include the Lac Otelnuk Iron Project in Quebec's Labrador Trough, recognized as one of North America's largest iron ore deposits, and the Superior Iron Project, recently acquired to expand its footprint in a well-established iron district. MetalQuest also holds the ROF-1 Project in Northern Ontario's Ring of Fire region, a critical minerals project targeting district-scale growth.
MetalQuest’s product offerings center on the exploration and development of critical mineral resource projects, with emphasis on high-purity iron ore concentrates designed for steelmaking; phosphorus essential for batteries and food security; and silicon metal used in semiconductor and computer chip industries. The Lac Otelnuk project has completed a full feasibility study and supports a projected long mine life with favorable operational economics. The company's mineral claims now cover over 42,000 hectares, positioning it as one of the largest claimholders in Quebec’s Labrador Trough region.
Recent major developments include the December 2025 acquisition of the ROF-1 critical minerals project in the Ring of Fire area, Northern Ontario, significantly enhancing its strategic positioning within this high-potential mineral district. In November 2025, MetalQuest completed the acquisition of 100% interest in the Superior Iron Project adjacent to its Lac Otelnuk asset, strengthening its iron ore portfolio. Earlier in 2025, the company completed an oversubscribed private placement raising approximately half a million Canadian dollars to support its go-forward plan. MetalQuest has also appointed strategic advisers with global mining and steel industry experience to support project advancement.
Founded in 2009 and headquartered in Rockport, Ontario, MetalQuest operates primarily in Canada, targeting the critical minerals sector to leverage federal incentives and institutional support. The company actively pursues partnerships and funding opportunities to expand and develop its projects, positioning itself as a key player in the North American critical metals supply chain.
MetalQuest Mining Inc. trades on the TSX Venture Exchange under the ticker MQM and OTCQB as MQMIF, with subsidiaries and assets concentrated on key mineral resources that align with growing industrial demand. Its strategic acquisitions and expansion activities within the last two years reflect a targeted approach to capitalize on the global shift towards critical minerals and sustainable resource development.