QTWO
Q2 Holdings Inc
stock NYSE

I’ve been digging into some juniors that are super cheap but have real projects and catalysts lined up. All three are preproduction explorers on TSXV/CSE, with recent news and solid teams. I’m not talking about sketchy mystery miners, these have verifiable drill results, land packages and money in the bank. Here are the three I’m most excited about right now:

LaFleur Minerals (CSE: LFLR)
* Mill & Land: LaFleur owns the fully permitted Beacon Gold Mill (750 tpd) in Quebec’s Abitibi, acquired from Monarch Mining. It was fully refurbished ($20M+ upgrades) and is slated to restart by early 2026. This gives them a near term production path, very rare for a penny explorer. They also control the 166 km squared Swanson Gold Project nearby (4 target zones). The Swanson deposit already has an NI 43-101 resource of 123,400 oz Au Indicated @ 1.8 g/t and 64,500 oz Inferred **@** 2.3 g/t, so there’s a decent gold inventory to build on.
* Drill/Catalysts: A 5,000 m diamond drill program is kicking off this summer on Swanson to expand resources and find new zones. Management is also planning a 100,000 t bulk sample from Swanson (to test metallurgy and start cash flow) and has an ongoing PEA for an open pit + mill scenario. With gold prices at all time highs (\~C$4,600/oz recently), any good drill hit or successful bulk sample could spark a rally. In fact, LaFleur even invited investors for a site visit in July 2025 to tour the mill and project, a fair sign they’re confident.
* Financials/Mgmt: They estimate only C$5-6M is needed to restart the mill (no debt or royalties on it), and they’ve already raised money. CEO Paul Ténière and team are experienced in Abitibi mining. LaFleur is effectively moving from explorer to near producer, a high risk move, but it makes this stock stand out for a penny stock. Upside comes from drilling success at Swanson and getting gold flowing at the mill, with very low all in cash costs once running (thanks to Quebec infrastructure).
# Trident Resources (TSXV: ROCK)
* Assets: Trident (new name for the merged Eros+MAS Gold+Rockridge) controls 100% of the Contact Lake Gold Project in the La Ronge gold belt (SK), a historic high grade camp. The old Contact Lake mine (’94-’98) produced 188,185 oz Au @ 6.16 g/t, and a late 2022 study showed 47,738 oz left unmined on that site. Adjacent is the Preview SW deposit, with a historical indicated resource of 273,000 oz @ 1.56 g/t Au and *inferred* 263,000 oz @ 1.40 g/t Au. In short, big gold numbers are already there on paper.
* Drill/Catalysts: This spring, Trident secured drill permits for a 5,000 m summer program, about 3,800 m at Contact Lake and 1,200 m at Preview SW. This is the first drilling at Contact Lake in \~30 years, so it’s a fresh start on a known deposit. Historical drill assays from Contact Lake show bonanza intercepts (e.g. 24.0 m @ 8.05 g/t, 18.3 m @ 10.41 g/t), new drilling will follow up those high grade shoots. Expect newsflow of drill results in H2/2025. If they can expand the ounces on either project, the stock could pop hard.
* Financials/Mgmt: Trident recently closed a $2.25M flow-through financing (at $0.75) and says it now has \~$10M in treasury. In other words, funding is secure for this initial drill program. CEO Jonathan Wiesblatt (ex-Falcon Gold Ventures) and team have deep Saskatchewan experience. They’ve also brought on strategic investors. This is a classic well funded high grade drill program scenario.
# Q2 Metals (TSXV: QTWO)
* Project: Q2 Metals is exploring the Cisco lithium project in the Eeyou Istchee James Bay region (Québec). This is hard rock lithium, think Quebec’s newest Tesla/EV play. The project already looks massive: in 2024 they drilled a monster 347.1 m intercept averaging 1.35% Li₂O. Long, continuous spodumene zones in tier-1 Quebec = a very legit setup (and no political risk, lots of infrastructure).
* Drill/Catalysts: Q2 just reported its winter 2025 drill assays (June 10, 2025). The results are impressive: multiple wide, shallow pegmatite intercepts with strong lithium grade. For example, hole CS25-028 returned 49.4 m @ 1.33% Li₂O, and CS25-036 hit 64.3 m @ 1.34% Li₂O (that’s near the grades seen in big lithium mines). They’ve now engaged BBA Engineering to prepare an initial Exploration Target for Cisco. Upcoming catalysts include more summer drilling (mapping suggests >300 km squared land, recently expanded by 167 km squared acquisition) and eventually an updated resource and PEA. Management says they’re “taking shape as a globally significant discovery”, if that’s even half true, the stock is tiny right now.
* Financials/Mgmt: Q2 was ranked 9th on the 2025 TSX Venture 50 for share price performance (214% jump in 2024), but it’s still only trading around \~$0.60. CEO Alicia Milne is a veteran Québec lithium explorer, and the company has strong backing (investors like the Van Eck Ukraine Fund have put money in). They have enough cash for this summer’s program, and Québec’s pro mining incentives (flow through, credits) help. In short: well known management, no debt, and a huge lithium zone underway.
Bottom line: All three names above are small, pre revenue, but fully funded with real geology and drill plans. They check the boxes: solid ground positions in good jurisdictions, experienced teams, and measurable news flow coming. Q2 gives exposure to the hot lithium space in Canada. At current prices all are very cheap (pennies, as the name implies), so they’re speculative, but the upside could be huge if even one drill program hits. I’ve sized my positions to risk only a little but gain a lot. As always, DYOR, but I’ll be watching these three closely!

I’ve been digging into some juniors that are super cheap but have real projects and catalysts lined up. All three are preproduction explorers on TSXV/CSE, with recent news and solid teams. I’m not talking about sketchy mystery miners, these have verifiable drill results, land packages and money in the bank. Here are the three I’m most excited about right now:

LaFleur Minerals (CSE: LFLR)
* Mill & Land: LaFleur owns the fully permitted Beacon Gold Mill (750 tpd) in Quebec’s Abitibi, acquired from Monarch Mining. It was fully refurbished ($20M+ upgrades) and is slated to restart by early 2026. This gives them a near term production path, very rare for a penny explorer. They also control the 166 km squared Swanson Gold Project nearby (4 target zones). The Swanson deposit already has an NI 43-101 resource of 123,400 oz Au Indicated @ 1.8 g/t and 64,500 oz Inferred **@** 2.3 g/t, so there’s a decent gold inventory to build on.
* Drill/Catalysts: A 5,000 m diamond drill program is kicking off this summer on Swanson to expand resources and find new zones. Management is also planning a 100,000 t bulk sample from Swanson (to test metallurgy and start cash flow) and has an ongoing PEA for an open pit + mill scenario. With gold prices at all time highs (\~C$4,600/oz recently), any good drill hit or successful bulk sample could spark a rally. In fact, LaFleur even invited investors for a site visit in July 2025 to tour the mill and project, a fair sign they’re confident.
* Financials/Mgmt: They estimate only C$5-6M is needed to restart the mill (no debt or royalties on it), and they’ve already raised money. CEO Paul Ténière and team are experienced in Abitibi mining. LaFleur is effectively moving from explorer to near producer, a high risk move, but it makes this stock stand out for a penny stock. Upside comes from drilling success at Swanson and getting gold flowing at the mill, with very low all in cash costs once running (thanks to Quebec infrastructure).
# Trident Resources (TSXV: ROCK)
* Assets: Trident (new name for the merged Eros+MAS Gold+Rockridge) controls 100% of the Contact Lake Gold Project in the La Ronge gold belt (SK), a historic high grade camp. The old Contact Lake mine (’94-’98) produced 188,185 oz Au @ 6.16 g/t, and a late 2022 study showed 47,738 oz left unmined on that site. Adjacent is the Preview SW deposit, with a historical indicated resource of 273,000 oz @ 1.56 g/t Au and *inferred* 263,000 oz @ 1.40 g/t Au. In short, big gold numbers are already there on paper.
* Drill/Catalysts: This spring, Trident secured drill permits for a 5,000 m summer program, about 3,800 m at Contact Lake and 1,200 m at Preview SW. This is the first drilling at Contact Lake in \~30 years, so it’s a fresh start on a known deposit. Historical drill assays from Contact Lake show bonanza intercepts (e.g. 24.0 m @ 8.05 g/t, 18.3 m @ 10.41 g/t), new drilling will follow up those high grade shoots. Expect newsflow of drill results in H2/2025. If they can expand the ounces on either project, the stock could pop hard.
* Financials/Mgmt: Trident recently closed a $2.25M flow-through financing (at $0.75) and says it now has \~$10M in treasury. In other words, funding is secure for this initial drill program. CEO Jonathan Wiesblatt (ex-Falcon Gold Ventures) and team have deep Saskatchewan experience. They’ve also brought on strategic investors. This is a classic well funded high grade drill program scenario.
# Q2 Metals (TSXV: QTWO)
* Project: Q2 Metals is exploring the Cisco lithium project in the Eeyou Istchee James Bay region (Québec). This is hard rock lithium, think Quebec’s newest Tesla/EV play. The project already looks massive: in 2024 they drilled a monster 347.1 m intercept averaging 1.35% Li₂O. Long, continuous spodumene zones in tier-1 Quebec = a very legit setup (and no political risk, lots of infrastructure).
* Drill/Catalysts: Q2 just reported its winter 2025 drill assays (June 10, 2025). The results are impressive: multiple wide, shallow pegmatite intercepts with strong lithium grade. For example, hole CS25-028 returned 49.4 m @ 1.33% Li₂O, and CS25-036 hit 64.3 m @ 1.34% Li₂O (that’s near the grades seen in big lithium mines). They’ve now engaged BBA Engineering to prepare an initial Exploration Target for Cisco. Upcoming catalysts include more summer drilling (mapping suggests >300 km squared land, recently expanded by 167 km squared acquisition) and eventually an updated resource and PEA. Management says they’re “taking shape as a globally significant discovery”, if that’s even half true, the stock is tiny right now.
* Financials/Mgmt: Q2 was ranked 9th on the 2025 TSX Venture 50 for share price performance (214% jump in 2024), but it’s still only trading around \~$0.60. CEO Alicia Milne is a veteran Québec lithium explorer, and the company has strong backing (investors like the Van Eck Ukraine Fund have put money in). They have enough cash for this summer’s program, and Québec’s pro mining incentives (flow through, credits) help. In short: well known management, no debt, and a huge lithium zone underway.
Bottom line: All three names above are small, pre revenue, but fully funded with real geology and drill plans. They check the boxes: solid ground positions in good jurisdictions, experienced teams, and measurable news flow coming. Q2 gives exposure to the hot lithium space in Canada. At current prices all are very cheap (pennies, as the name implies), so they’re speculative, but the upside could be huge if even one drill program hits. I’ve sized my positions to risk only a little but gain a lot. As always, DYOR, but I’ll be watching these three closely!