Durango Resources Transitions to Quantum Critical Metals Corp. to Focus on Critical Mineral Exploration

Durango Resources Inc. announced it will transition to Quantum Critical Metals Corp., a move that highlights the company's strategic emphasis on critical mineral exploration and development. Effective March 17, 2025, the company will trade under the new name and ticker symbol 'LEAP' on the TSX Venture Exchange. The name change reflects the growing importance of critical metals 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 crucial to economic and national security, with the U.S. Geological Survey's 2022 list including 50 critical minerals and Canada designating 34 minerals as critical in 2024. Recent geopolitical tensions have underscored the strategic significance of diversifying critical mineral supply chains. China's dominant position in the production and processing of several critical minerals, including recent export restrictions, has heightened concerns about global mineral supply stability.

Durango holds a 100% interest in multiple strategic properties, including the NMX East Gallium & Critical Metals Project near the Whabouchi lithium deposit in Québec, as well as claims in the Babine Copper-Gold Porphyry District and Troilus Gold Camp. The company's experienced management team is committed to unlocking new mineral discoveries and supporting Canada's critical minerals strategy. Shareholders should note that the name change will not affect existing share certificates, and no action is required on their part. The company's new CUSIP number will be 74766V100, with a new ISIN of CA74766V1004.

This strategic rebranding comes at a critical time when global industries are increasingly dependent on secure and sustainable sources of essential minerals. By focusing on critical metals, Quantum Critical Metals Corp. positions itself at the forefront of addressing global mineral supply challenges and supporting technological innovation. The transition represents a significant shift in corporate strategy that aligns with evolving market demands and national security priorities surrounding critical mineral resources.