Canadian exploration company Durango Resources Inc. announced it will rebrand as Quantum Critical Metals Corp. on March 17, 2025, signaling a strategic repositioning to emphasize its focus on critical mineral projects. The company will trade under the new ticker symbol 'LEAP' on the TSX Venture Exchange.
The name change comes at a critical time when both the United States and Canada have identified specific critical minerals as essential to economic and national security. The U.S. Geological Survey's 2022 list includes 50 critical minerals, while Canada designated 34 minerals as critical in 2024.
Recent geopolitical tensions have highlighted the strategic importance of diversifying critical mineral supply chains. With China holding a dominant position in producing and processing several critical minerals and implementing export restrictions, the need for secure and sustainable mineral sources has become increasingly urgent.
Quantum Critical Metals holds a 100% interest in multiple strategically located properties, including the NMX East Gallium & Critical Metals Project near the Whabouchi lithium deposit in Québec, and claims in the Babine Copper-Gold Porphyry District and Troilus Gold Camp.
The rebranding signals the company's commitment to supporting Western nations' growing demand for secure mineral supplies and contributing to domestic critical minerals strategies. By focusing on critical metals essential for renewable energy, defense applications, and advanced electronics, Quantum Critical Metals is positioning itself at the forefront of a crucial industry transformation.
