MetalQuest Mining Acquires Superior Iron Project, Expands Land Position in Labrador Trough
November 12, 2025 – Leads & Copy —
Rockport, Ontario – MetalQuest Mining (MQM) has acquired a 100% interest in the Superior Iron Project (SI) in the Labrador Trough, Québec, through staking. The project comprises 569 mineral claims totaling approximately 27,425 hectares (67,770 acres), located 165 km northwest of Schefferville and 1,200 km northeast of Montréal by air.
With this acquisition, MetalQuest Mining’s total land position now stands at 875 claims covering 42,175 hectares (104,217 acres), making the company one of the largest claim holders in this region of the Labrador Trough, Northern Québec. The newly acquired SI Project directly adjoins the Company’s 100%-owned Lac Otelnuk (“Lac O”) Iron Project.
The Superior Iron Project increases MQM’s total project portfolio in the Labrador Trough and solidifies its position as one of the largest junior exploration and development companies in this iron-producing region. The project adjoins MQM’s flagship Lac Otelnuk Iron Project, which contains one of the largest undeveloped high-purity iron resources in North America.
Initial work programs on the Superior Iron Project will include ground truthing, geophysics, and environmental baseline studies aimed at outlining future drill targets. AtkinsRéalis (formerly SNC-Lavalin) is nearing completion of a Gap Analysis on the historic 2015 Feasibility Study for Lac Otelnuk.
The Gap Analysis will guide MQM’s next phase of technical work, addressing market conditions, technological advancements, regulatory changes, and environmental standards. High-purity iron was added to both the Québec and Canada Critical Strategic Minerals Lists in 2024. In June 2025, New Age Metals Inc. (TSXV: NAM; OTCQB: NMTLF; FSE: P7J.F) increased its equity ownership in MQM from 6.44% to 19.05% (partially diluted).
Harry Barr, Chairman and CEO of MetalQuest Mining, stated the strategic expansion in the Labrador Trough underscores MetalQuest’s commitment to becoming a leading iron exploration and development company. Barr also stated MQM believes its expanding project portfolio provides a strong foundation for potential long-term growth.
MetalQuest Mining maintains a comprehensive Exploration and Pre-Development Agreement with the Naskapi Nation that ensures long-term cooperation, respect for traditional knowledge, and shared social and economic benefits.
The Labrador Trough hosts major operations such as those held by Rio Tinto, Arcelor Mittal, and Champion Iron. Champion Iron, in partnership with Nippon Steel and Sojitz, announced up to C$245 million in combined investment to advance the Kami Iron Mine (July 2025). Vale S.A. committed up to US$138 million to earn a 75% stake in Cyclone Metals’ Iron Bear Project through a staged joint venture (February 2025).
In June 2025, MQM appointed AtkinsRéalis as the lead engineering firm to conduct a Gap Analysis of the historic 2015 Feasibility Study for the Lac Otelnuk Project. The Gap Analysis will evaluate and recommend updates to reflect current market dynamics, environmental regulations, and technological advancements. These results will form the foundation for a series of targeted technical reviews leading to a new Prefeasibility Study (PFS) and eventually an updated Feasibility Study (FS).
MetalQuest Mining’s management team reaffirms its commitments to do its best efforts to strengthen North America’s critical mineral supply chains amid rising supply deficit, geopolitical and trade-related pressures. Faraz Rasheed, Business Development at MQM, stated the goal is to ensure that Canada remains a trusted and independent supplier to allied economies by working with First Nation partners and governments to build local processing capacity, diversify offtake markets, and maintain full Environment, Sustainability, and Governance (ESG) traceability from mine exploration to end use.
The initial phase of work at the Superior Iron Project will comprise systematic ground truthing, detailed geophysical surveys, and comprehensive environmental baseline studies to enhance the geological model, refine the understanding of mineralized zones, and delineate high-priority drill targets to support the next stage of exploration and project development.
MetalQuest Mining (MQM) owns 100% of the Lac Otelnuk Iron Project (Lac O) and is working to develop one of the largest, historic, Iron projects in North America. MQM signed an agreement with AtkinsRéalis in June 2025, to conduct a Gap Analysis of the historic 2015 FS for the Lac O Project. The new studies will identify areas requiring updates to align the historic 2015 Feasibility Study with current market dynamics, regulatory frameworks, engineering best practices, and environmental standards.
The Company owns ~1.8 million shares and 2.5 million warrants of Canadian Copper (CCI) and two NSR royalties totaling 1% in Murray Brook PEA Stage Zinc-Polymetallic Deposit, situated in the Bathurst Mining District. For further information on CCI, click here to go to their website.
For more details on the June 25th announcement, please link the following link. https://metalquestmining.com/news/metalquest-mining-selects-atkinsrealis-to-conduct-a-gap-analysis-for-the-lac-otelnuk-iron-ore-project/
Investors are invited to visit the MetalQuest Mining website at www.metalquestmining.com where they can review the company and its corporate activities. Any questions or comments can be directed to Harry Barr at Hbarr@MQmining.com or Faraz Rasheed at Frasheed@MQmining.com or call 613 659 2773.
Harry Barr
Chairman and CEO
Hbarr@MQmining.com
613 659 2773
Faraz Rasheed
Business Development
Frasheed@MQmining.com
Source: MetalQuest Mining
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