• MetalQuest completed a June 2026 reconnaissance visit to its 100%-owned Lac Otelnuk iron project in northern Québec.
• Historical drill core inventory was found in good condition, supporting near-term metallurgical testwork before any new drilling.
• Metallurgical work is planned with AtkinsRéalis Canada and COREM to assess modernization options and refresh the development pathway.
• AtkinsRéalis’ 2025 gap analysis outlined a staged route back toward feasibility, including technical verification, infrastructure planning, and updated economics.
• Prior operators spent about $120 million on Lac Otelnuk studies; the latest disclosed resource dates to a 2015 NI 43-101 report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MetalQuest Mining Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202607310835TNWSWRCACNPR_____1ArbFW9YM) on July 31, 2026, and is solely responsible for the information contained therein.