QX Metals
QX Metals Corp. is a Canadian mineral-exploration company focused on a porphyry copper-gold project in Bulgaria and formerly involved in geothermal power development in the western United States.
Last updated August 26, 2026
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Overview
QX Metals Corp. is a Canadian resource company associated with mineral exploration in southeastern Europe. Its principal activity described in reference material is the exploration of a porphyry copper-gold deposit in the Bulgarian Rhodope Mountains. The company is the latest corporate identity in a sequence of businesses that previously operated under the names Black Sea Copper & Gold Corp., Alternative Earth Resources Inc., and Nevada Geothermal Power Inc. The corporate lineage reaches back to the company's incorporation on April 13, 1995. A major change in business orientation occurred through its predecessor Nevada Geothermal Power Inc., which was focused on developing and producing geothermal electricity from high-temperature resources in the western United States. On April 2, 2013, Nevada Geothermal Power Inc. became Alternative Earth Resources Inc. During that period, the Vancouver-based company held interests in as many as six geothermal properties: Blue Mountain, Pumpernickel, Edna Mountain, and Black Warrior in Nevada; New Truckhaven in California; and Crump Geyser in Oregon. The properties were described as having combined production potential exceeding 200 megawatts, enough in the company's estimates to supply approximately 200,000 homes. The Blue Mountain project in Nevada was the most advanced of those geothermal assets. Its Faulkner 1 generating facility had a gross capacity of 49.5 megawatts and began commercial production in November 2009. Actual output was reported at approximately 35 megawatts, below the project's gross capacity. The geothermal business experienced financial pressure despite federal government loan guarantees, and company disclosures raised significant doubt about its ability to continue as a going concern. In 2016, Alternative Earth Resources merged with Black Sea Copper & Gold Corp., creating the corporate predecessor that carried the latter name. The transaction marked a shift away from the earlier geothermal-centered identity toward mineral exploration. In February 2019, Black Sea Copper & Gold Corp. changed its name to QX Metals Corp. The new name reflected the company's focus on metals exploration, particularly the Bulgarian copper-gold opportunity. The available reference material does not establish a current website, stock ticker, ownership structure, executive roster, commercial production, reserve statement, or the present operating status of the company. Accordingly, QX Metals is best characterized here as a Canadian corporate resource-exploration brand with a documented history spanning geothermal development and later copper-gold exploration, rather than as a currently verified mining producer.
History
QX Metals is the latest name in a corporate succession that began with a company incorporated on April 13, 1995. The business history documented for the company covers two principal resource sectors: geothermal electricity and mineral exploration. Under the name Nevada Geothermal Power Inc., the company concentrated on high-temperature geothermal resources in the western United States. It was based in Vancouver, British Columbia, and held six geothermal properties: Blue Mountain, Pumpernickel, Edna Mountain, and Black Warrior in Nevada, together with New Truckhaven in California and Crump Geyser in Oregon. The properties were described as having more than 200 megawatts of potential generation capacity. Blue Mountain became the principal operating asset. Its Faulkner 1 facility, rated at 49.5 megawatts gross, began commercial production in November 2009, although reported actual production was approximately 35 megawatts. The geothermal business later encountered serious financial difficulties. Reference material notes that this occurred despite federal government loan guarantees and that there was significant doubt about the company's ability to continue as a going concern. On April 2, 2013, Nevada Geothermal Power Inc. was reorganized or renamed as Alternative Earth Resources Inc., continuing the corporate history while presenting the business under a different resource-oriented identity. In 2016, Alternative Earth Resources merged with Black Sea Copper & Gold Corp. The combination moved the company's strategic emphasis toward mineral exploration and established the predecessor immediately associated with the QX Metals name. Black Sea Copper & Gold was described as exploring a porphyry copper-gold deposit in the Bulgarian Rhodope Mountains. The final documented name change occurred in February 2019, when Black Sea Copper & Gold Corp. became QX Metals Corp. The company is described as holding a 100 percent leasehold interest in six properties connected with its exploration portfolio, although the available material does not provide a complete current project-by-project description or establish commercial production. It also does not identify current executives, a current owner, a verified website, or a ticker. The available history therefore supports describing QX Metals as a Canadian exploration company with a geothermal-development predecessor and a later copper-gold focus, while leaving its present corporate status unconfirmed.
- 2019
QX Metals name adopted
[1]Black Sea Copper & Gold Corp. changed its name to QX Metals Corp. in February 2019.
- 2016
Merger with Black Sea Copper & Gold
[1]Alternative Earth Resources merged with Black Sea Copper & Gold Corp., helping redirect the corporate portfolio toward mineral exploration.
- 2013
Nevada Geothermal Power became Alternative Earth Resources
[1]On April 2, 2013, Nevada Geothermal Power Inc. adopted the Alternative Earth Resources Inc. name.
- 2009
Blue Mountain entered commercial production
[1]The Faulkner 1 geothermal facility at Blue Mountain in Nevada began commercial production in November, with a gross capacity of 49.5 megawatts.
- 1995
Corporate predecessor incorporated
[1]The company was first incorporated on April 13, 1995.
Products and positioning
A Canadian resource-exploration company that transitioned from geothermal power development in the western United States to copper-gold exploration in Bulgaria.
Mineral exploration
Bulgarian Rhodope Mountains copper-gold project
QX Metals' principal documented activity is exploration of a porphyry copper-gold deposit in Bulgaria's Rhodope Mountains. The company is described as holding a 100 percent leasehold interest in its exploration properties. The available material does not provide a verified production date, reserve estimate, or commercial output for the project.
Geothermal power · 2009
Blue Mountain geothermal project
Blue Mountain was the most advanced geothermal asset associated with the company's predecessor. Its Faulkner 1 facility had a gross generating capacity of 49.5 megawatts and began commercial production in November 2009. Reported actual production was about 35 megawatts, below gross capacity.
Brand decisions
2019
Adoption of the QX Metals corporate nameStrategyBackground
Black Sea Copper & Gold operated as a mineral-exploration company focused on a Bulgarian copper-gold opportunity.
Action taken
The company changed its name to QX Metals Corp. in February 2019.
Aftermath
QX Metals became the public-facing corporate identity associated with the company's metals-exploration focus.
2016
Merger with Black Sea Copper & GoldM&ABackground
Alternative Earth Resources combined with Black Sea Copper & Gold during a transition away from its earlier geothermal-centered business.
Action taken
The two companies merged, creating the corporate predecessor that subsequently operated as Black Sea Copper & Gold Corp.
Aftermath
The combined company pursued copper-gold exploration in the Bulgarian Rhodope Mountains.
2013
Rebranding from Nevada Geothermal Power to Alternative Earth ResourcesStrategyBackground
The predecessor had focused on geothermal power projects in the western United States and had experienced financial difficulties.
Action taken
Nevada Geothermal Power Inc. changed its corporate name to Alternative Earth Resources Inc. on April 2, 2013.
Aftermath
The company continued under a broader resource-oriented identity before later moving into the Black Sea copper-gold business.
Recent events
- 2019
Black Sea Copper & Gold changed its name to QX Metals[1]
Other
The company adopted the QX Metals Corp. name in February 2019 as its corporate identity shifted toward metals exploration.
- 2016
Alternative Earth Resources merged with Black Sea Copper & Gold[1]
M&A
The merger combined Alternative Earth Resources, the successor to Nevada Geothermal Power, with Black Sea Copper & Gold and preceded the company's later adoption of the QX Metals name.
- 2009
Blue Mountain geothermal facility began commercial production[1]
Product launch
The Faulkner 1 facility at the Blue Mountain geothermal project in Nevada entered commercial production with a reported gross capacity of 49.5 megawatts.
Sources2 sources
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