VANCOUVER, British Columbia, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) ("Q2" or the "Company") is pleased to announce the appointment of Mr. Keith Phillips to its Board of Directors.
Keith Phillips served as Chief Executive Officer of Piedmont Lithium from the Company's inception in 2017 to its recent merger with Sayona Mining in 2025. Under his leadership, Piedmont achieved a peak market capitalization exceeding $1.0 billion, growing from an early-stage exploration project in North Carolina to a global lithium producer with assets in Canada, Ghana and the United States including key commercial partnerships with Tesla and LG Chem. The successor company, Elevra Lithium, is North America's leading hard-rock lithium producer.
Prior to joining Piedmont, Mr. Phillips had a distinguished 30-year career on Wall Street, where he managed strategic and financing transactions with an aggregate value of over $100 billion. Amongst other positions, Mr. Phillips led the mining investment banking teams for Merrill Lynch, J.P. Morgan and Dahlman Rose, having previously served as Head of Canadian Investment Banking Services for Goldman Sachs. Mr. Phillips worked with numerous mining companies, including established global leaders, and dedicated much of his career to advising exploration and development-stage companies in achieving their strategic objectives, with a particular focus on obtaining relevance in the United States capital markets.
Mr. Phillips earned his Master of Business Administration in Finance from The University of Chicago and holds a Bachelor of Commerce from Laurentian University in Canada.
Alicia Milne, Q2 Metals President and CEO, commented, "I am thrilled to welcome Keith to the Q2 Board of Directors. With his extensive experience in the lithium industry as well as in investment banking, Keith significantly strengthens our board and aligns with our strategic goals as we work towards publishing our inaugural inferred mineral resource estimate on Cisco in the first quarter of 2026."
Keith Phillips, Director, said, "I'm excited to be joining Q2 Metals at such a pivotal moment in the Company's growth. The Cisco Lithium Project stands out on the global stage for its scale, grade and prime location in a top tier mining jurisdiction. Having assessed lithium assets across all major producing regions, I can confidently say Cisco ranks among the most promising undeveloped hard-rock lithium projects worldwide. I am eager to collaborate with the Q2 team to unlock Cisco's full potential and strengthen the Company's role in the North American and global lithium supply chain."
Equity Incentive Awards
The Company announces that, pursuant to its equity incentive plan and subject to the acceptance by the TSX Venture Exchange, the Company has granted 1,300,000 stock options to certain directors, officers and consultants of the Company to purchase an aggregate of 1,300,000 common shares in the capital of the Company at an exercise price of $0.95 per share for a period of five years. The stock options and the common shares underlying such stock options are subject to a hold period of four months and one day from the date of issuance.
Upcoming Events
Members of the Q2 team will be attending the following conferences and events:
| XPLOR | Montreal, QC | October 27 - 30, 2025 |
| 121 Mining Event | London, UK | November 17 - 18, 2025 |
| Swiss Mining Institute | Zurich, CH | November 20 - 21, 2025 |
| Resourcing Tomorrow | London, UK | December 2 - 4, 2025 |
ABOUT Q2 METALS CORP.
Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project which is located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The known mineralized zone at Cisco is just 6.5 km from the Billy Diamond Highway, which leads to the railhead in the Town of Matagami, approximately 150 km to the south.
The Cisco Project has district-scale potential with an initial Exploration Target estimating a range of potential lithium mineralization of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li2O, based only on the first 40 holes drilled. It is noted that the potential quantity and grade of the Exploration Target are conceptual in nature and there has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43-101. It is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
The 2025 Exploration Program is ongoing, prioritizing infill drilling towards an initial mineral resource estimate expected in Q1 2026. Expansion and exploration drilling continues at the main zone, which remains open at depth and along strike, as well as at high potential targets identified across the broader 41,253 hectare project area.
