VANCOUVER, BRITISH COLUMBIA - March 11, 2025 (NEWMEDIAWIRE) - Durango Resources Inc. (TSX.V: DGO) (OTCQB: ATOXF) (Frankfurt: 86A1) ("Durango" or the "Company") is pleased to announce that it intends to change its name to Quantum Critical Metals Corp. and its trading symbol "LEAP". The Company has received interim approval from the TSX Venture Exchange for the new name and symbol and is now working through the requisite paperwork to effect the change. Meanwhile, the Company will also work on changing its trading symbols on the OTCQB and Frankfurt stock exchanges to reflect the new name once the name change is complete.
This rebranding aligns with the Company's rapidly evolving strategic focus on critical metals, their intersection with next-generation technologies, and global demand. By adopting the name Quantum Critical Metals Corp., the Company intends to bridge its traditional resource exploration roots with a future driven by the transformative potential of advanced materials, artificial intelligence, and quantum computing technology, among others. For instance, the flagship NMX East galliumrubidiumcesium project in Quebecwhere rubidium plays a key role in emerging quantum computing applicationsexemplifies the Company's commitment to metals that will power the next generation of innovation.
"We are excited to embark on this new chapter as Quantum Critical Metals Corp.," says Marcy Kiesman, CEO. "Our new name and symbol, LEAP, embodies our vision of stepping boldly into the future, and embracing the critical metals and technologies that will shape tomorrow's world. This is more than just a rebrandit's a transformation of how we operate. We invite like-minded investors, innovators, and forward-thinkers to join us in making this quantum leap forward. Together, we can align with the future of technology, resource security, and the extraordinary potential of critical metals for Canada and the world."
To be part of this journey and stay informed about our progress, we invite you to sign up for our mailing list at www.quantumcriticalmetals.com. The new website will be fully live once the name change has been approved and completed.
About Critical Metals
Critical metals are essential components in modern technologies, including renewable energy systems, defense applications, and advanced electronics. Both the United States and Canada have identified specific lists of critical minerals vital to their economic and national security. The U.S. Geological Survey's 2022 list includes 50 critical minerals, while Canada in 2024 has designated 34 minerals as critical.
Recent geopolitical developments have heightened concerns over the supply chain security of these critical metals. China, which holds a dominant position in the production and processing of several critical minerals, has implemented export bans affecting the West. These actions underscore the strategic importance of diversifying supply chains and developing domestic sources for critical metals to mitigate geo-political risks and ensure the stability of essential industries.
About Durango
Durango Resources Inc. (TSX.V: DGO) (OTCQB: ATOXF) (Frankfurt: 86A1) is a Canadian exploration company focused on advancing critical metals projects to support North America's growing demand for secure and sustainable mineral supply. The Company holds a 100% interest in multiple strategically located properties, including the NMX East Gallium & Critical Metals Project near the Whabouchi lithium deposit in Qubec, as well as claims in the Babine Copper-Gold Porphyry District and Troilus Gold Camp. With an experienced management and technical team, Durango is committed to unlocking new mineral discoveries and contributing to Canada's critical minerals strategy.
This news release contains "forwardlooking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
