QMX Gold Corporation is a Canadian-based mineral exploration and development mining company. The Company’s operations and strategic investments are located in the Abitibi District of Quebec.
The Abitibi District of Quebec is one of the two gold “hot spots” in North America (the other being Nevada-Western Utah), and historically the 3rd richest gold producing region in the world. This region has been the birth place of many current and past major Canadian mining and exploration companies. The majority of the world’s recent discoveries have been made in these regions.
QMX Gold Corp. was originally incorporated under the name First Discovery Holdings Inc., under the laws of British Columbia on August 8, 1988, by registration of its Memorandum and Articles with the British Columbia Registrar of Companies.
December 20, 1996: First Discovery Holdings Inc. changed its name to Alexis Resources Ltd. and increased its authorized share capital from 10,000 to 100,000,000 common shares without par value.
January 10, 1997: Alexis Resources Ltd. adopted new Articles by filing a special resolution with the Registrar of Companies for British Columbia.
April 7, 1998: Alexis Resources Ltd. consolidated its common shares on a two-to-one basis and altered its post consolidation authorized share capital to consist of 100,000,000 common shares without par value.
December 15, 1999: the shares of Alexis Resources Ltd. were listed on the Canadian Venture Exchange.
June 4, 2003: Alexis Resources Ltd. changed its name to Alexis Minerals Corporation, consolidated its common shares on a three-to-one basis and altered its post consolidation authorized share capital to consist of 100,000,000 common shares without par value.
February 16, 2004: Alexis Minerals Corporation filed Articles of Continuance pursuant to section 180 of the Business Corporation’s Act (Ontario) (“OBCA”) to continue the company from British Columbia under the provisions of the OBCA.
March 1, 2004: Alexis Minerals Corporation amended its Articles to increase its authorized share capital to an unlimited number of common shares without par value.
May 11, 2004: Alexis enters into an option agreement regarding all Noranda Inc. Properties in the Rouyn-Noranda mining camp, Quebec.
August 27, 2007: Alexis Minerals Corporation graduated from the TSX Venture Exchange to the Toronto Stock Exchange trading with the symbol “AMC”.
October 29, 2009: Alexis Minerals Corporation entered into a definitive support agreement to acquire all the remaining outstanding shares of Garson Gold.
January 15, 2010: Alexis Minerals Corporation acquired over 90% of Garson Gold shares. Subsequently, on April 29, 2010 Alexis completed the purchase of Garson Gold Corporation by acquiring all remaining Garson shares under a plan of arrangement. The New Britannia Mine was renamed the Snow Lake Mine.
February 19, 2010: Alexis Minerals starts trading on the OTCQX under the symbol AXSMF
November 24, 2010: Alexis options property around the Snow Lake mine expanding the property by 38 sq. km. and obtaining an additional 33 mineral claims.
April 5, 2011: Alexis enters into a landmark agreement to purchase 100% ownership of properties held with Xtrata Copper (originally signed in 2004). Subsequently, this agreement closed on August 3, 2011.
June 26, 2012: Alexis changes its name to QMX Gold Corporation
September 24, 2012: QMX Gold completes the sale of its Rouyn-Noranda Properties to Falco Resources (previously Druck Capital Partners) to focus on production.
July 16, 2013: QMX Gold announces that it will be suspending underground exploration and development activities at Lac Herbin due to fluctuation gold market.
August 29, 2013: QMX Gold announces the sale of the Snow Lake project to Northern Sun (formerly Liberty Mines). Funds from the sale will pay out debt, specifically the Bridge Loan, so QMX Gold can focus on its Quebec based assets.
May 29, 2014: QMX Gold receives positive decision in Lac Pelletier arbitration. The option agreement on the property is deemed complete.
October 30, 2014: QMX Gold announces that the sale of Snow Lake to Northern Sun will not be extended and the Company will facilitate a sale process with Lender Third Eye Capital under the terms of a forbearance agreement.
November 17, 2014: Abcourt Mines entered into a Custom Milling Agreement with QMX Gold to process ore from its Elder Mine. 50,000 tonnes is expected to be delivered over the term of the contract.
March 19, 2015: Underground mining activities at Lac Herbin cease. Gold production continues under the Custom Milling agreement and from QMX Gold’s own stockpiles.
April 17, 2015: QMX Gold enters into a definitive agreement with Hudbay Minerals Inc. to purchase the Snow Lake Project.
May 4, 2015: The sale of the Snow Lake Project to Hudbay Minerals closes.
May 21, 2015: QMX and Third Eye complete an agreement to have the remainder of the Bridge Loan Facility (approximately $1.52 million) paid out in August 2015.