QMC QUANTUM MINERA (OTCMKTS:QMCQF) is apparently the next contestant on “who wants to be a lithium momentum stock!”. Shares of the stock are absolutely on fire, ripping over 300% higher in just the past few weeks as the company gains an increasing foothold on its position in the lithium mining space. As we have noted of late, the lithium theme is right up there with bitcoin mining and cannabis growing as the dominant themes on the OTC in 2017.

To add to that thesis, the company just announced that crews have begun to re-locate and re-sample at the anomalous (>2,000ppm Li2O) sites identified within the company’s Irgon Lithium Mine Property, located in the Winnipeg River Pegmatite Field in S.E. Manitoba. As we know, it is often the anomalous sites in these operations that often seem to yield the most important outcomes.

QMC QUANTUM MINERA (OTCMKTS:QMCQF) bills itself as a junior mineral exploration company that engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for lithium, silver, gold, nickel, copper, zinc, and volcanogenic massive sulphide (VMS) deposits.

It holds interests in mineral exploration properties located in Manitoba, Canada, including the Namew Lake VMS project comprising the Rocky Lake property, the Rocky-Namew property, and the Namew Lake property, as well as the Carrot River property; and the Cat Lake Lithium property. QMC Quantum Minerals Corp. was incorporated in 2003 and is based in Vancouver, Canada.

According to company materials, “QMC is a British Columbia based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious, base, rare metal and resource properties of merit. The Company’s properties include the Irgon Lithium Mine project two VMS properties, the Rocky Lake and Rocky-Namew known collectively as the Namew Lake District Project, and the Carrot River Gold Property. Currently, all of the company’s properties are located in Manitoba.“

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As noted above, the company has some potentially important data coming to light with respect to its operations in the lithium mining space, which has been one of the truly most important thematic points of light on the OTC for 2017.

As we understand it, the anomalous sample results were reported in the Fogwill Assessment Report which was based on the 2011 assessment work (Manitoba AR #52L13324) and was noted in the company’s news release of October 18, 2017.

The company reports that “these samples will be assayed to determine the concentration of Li2O as they will be obtained from lithium-bearing pegmatitic dikes, other than the Irgon dike, that are known to occur on the property. The size and continuity of these dikes will be evaluated and if results merit, these lithium-bearing dikes will be more fully explored during the 2018 exploration program.”

According to the release, “the Fogwill assessment report documented eight grab samples, from the 2011 assessment work program that returned with lithium values greater than 2,000 ppm.  Sampling also indicated dikes with elevated rubidium (greater than 2,000 ppm), beryllium (greater than 1,000 ppm) and tantalum (to 280 ppm) which suggests that other dikes on the property will require additional evaluation.”

Recent action has seen 82% added to share values of the name over the past month of action, a bounce that has taken root amid largely bearish action over the larger time frame. Market participants may want to pay attention to this stock. QMCQF is a stock whose past is littered with sudden rips. Furthermore, the stock has benefitted from a jump in recent trading volume to the tune of 74% beyond its prior sustained average level.

Now commanding a market cap of $12.5M, QMCQF has a bankroll ($464K) of cash on the books, which compares with virtually no total current liabilities. The company is pre-revenue at this point. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $QMCQF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $QMCQF, either long or short, and we have not been compensated for this article.