UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  20549


                                  FORM 10-QSB

(Mark one)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                    For the quarterly period ended June 30, 2002

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                  For the transition period from ______ to ______


                         Commission file number 1-5996

                            QUAD METALS CORPORATION
      (Exact name of small business issuer as specified in its charter)

     WASHINGTON                                      91-0835748
(State or other jurisdiction of               (IRS Employer Id. Number)
incorporation or organization)


               601 WEST MAIN AVENUE, SUITE 714 SPOKANE, WA 99201
                   (Address of principal executive offices)

      Registrant's Telephone Number, Including Area Code: (509) 455-9077

             COMMON STOCK                             (NONE)
          Title of each class        Name and exchange on which registered

Indicate  by  check  mark  whether  the  registrant  (1)  has filed all reports
required to be filed by Section 13 or 15(D) of the Securities  Exchange  Act of
1934  during  the  preceding  12  months  (or  for  such  shorter period as the
registrant  was  required to file such reports), and (2) has  been  subject  to
filing requirements for the past 90 days.

Yes [  ]  No [X]

At July 12, 2002, 95,474,665 shares of the registrant's common stock were
outstanding.














<page>
                               TABLE OF CONTENTS



                                                                      PAGE


                                    PART I

ITEM 1.  Financial Statements

   Balance Sheets as of June 30, 2002
       and December 31, 2001                                            3

    Statements of Operations For the Three and Six Month
       Periods Ended June 30, 2002 and 2001                             4

    Statements of Cash Flows For the Six Month Periods
       Ended June 30, 2002 and 2001                                     5

    Notes to Financial Statements                                       6

ITEM 2.  Management's Discussion and Analysis of Financial Condition
         And Results of Operations                                      7

                                   PART II

ITEM 1.  Legal Proceedings                                              8

ITEM 2.  Changes in Securities                                          8

ITEM 3.  Defaults Upon Senior Securities                                8

ITEM 4.  Submission of Matters to a Vote of Security Holders            8

ITEM 5.  Other Information                                              8

ITEM 6.  Exhibits and Reports on Form 8-K                               8

    Signatures                                                          8






















<PAGE>
PART  I.

ITEM  1:  FINANCIAL  STATEMENTS




QUAD METALS CORPORATION                      BALANCE SHEETS AS OF JUNE 30, 2002
(UNAUDITED)                                  AND DECEMBER 31, 2001




                                        (UNAUDITED)
                                         JUNE 30,      DECEMBER 31,
                                           2002            2001
                                        -----------     -----------

                                    ASSETS
CURRENT ASSETS:
   Cash                                 $   25,497      $   40,431
                                        -----------     -----------
       Total current assets             $   25,497      $   40,431
                                        ===========     ===========


                      LIABILITES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
   Accounts payable                     $      510      $    4,370
                                        -----------     -----------
       Total current liabilities               510           4,370
                                        -----------     -----------

STOCKHOLDERS' EQUITY:
   Common stock; no par value;
     100,000,000
     shares authorized; 95,474,665
     shares issued and outstanding             -               -
   Paid-in capital                       2,252,824       2,252,824
Preferred stock; no par value;
     10,000,000 shares
     authorized; none issued and
     outstanding                               -               -
   Accumulated deficit                  (2,227,837)     (2,216,763)
                                        -----------     -----------
       Total stockholders' equity           24,987          36,061
                                        -----------     -----------

       Total liabilities and
       stockholders' equity             $   25,497      $   40,431
                                        ===========     ===========







  The accompanying notes are an integral part of these financial statements.


<PAGE>
QUAD METALS CORPORATION          STATEMENTS OF OPERATIONS FOR THE THREE AND SIX
(UNAUDITED)                      MONTH PERIODS ENDED JUNE 30, 2002 AND 2001



                                    JUNE 30, 2002           JUNE 30, 2001
                              ------------------------  ------------------------
                                 THREE      SIX         THREE      SIX
                                 MONTHS     MONTHS      MONTHS     MONTHS
                              -----------  -----------  -----------  -----------
OPERATING EXPENSES:
   General and administrative
     Expenses                 $    4,480   $   11,318   $       -    $      -
                              -----------  -----------  -----------  -----------

   Total operating expenses        4,480       11,318           -           -
                              -----------  -----------  -----------  -----------

OTHER (INCOME):
   Interest income                  (109)        (244)          -           -
                              -----------  -----------  -----------  -----------

NET LOSS                      $    4,371   $   11,074   $       -    $      -
                              ===========  ===========  ===========  ===========


NET LOSS PER COMMON SHARE     $      Nil   $      Nil   $      Nil   $    Nil
                              ===========  ===========  ===========  ===========


WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING-BASIC       95,474,655   95,474,655   35,474,655   35,474,655
                              ===========  ===========  ===========  ===========


























The accompanying notes are an integral part of these financial statements.


<PAGE>
QUAD METALS CORPORATION            STATEMENTS OF CASH FLOWS FOR THE THREE MONTH
(UNAUDITED)                             PERIODS ENDED JUNE 30, 2002 AND 2001



                                              SIX MONTHS ENDED
                                                  JUNE 30,
                                          -------------------------
                                              2002          2001
                                          -----------   -----------
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net loss                               $   11,074    $       -

   Change in
     Decrease in accounts payable              3,860            -
       Net cash used by operating activities  14,934            -
                                          -----------   -----------

NET DECREASE IN CASH                          14,934            -

CASH AT BEGINNING OF PERIOD                   40,431            -
                                          -----------   -----------

CASH AT END OF PERIOD                     $   25,497     $      -
                                          ===========   ===========


































The accompanying notes are an integral part of these financial statements.


<PAGE>
QUAD METALS CORPORATTION
(UNAUDITED)                               NOTES TO FINANCIAL STATEMENTS

   1.BASIS OF PRESENTATION:

The financial statements  of  Quad Metals Corporation included herein have been
prepared without audit, pursuant to the rules and regulations of the Securities
and Exchange Commission.  Although  certain  information  normally  included in
financial   statements   prepared  in  accordance  with  accounting  principles
generally accepted in the  United  States  of  America  has  been  condensed or
omitted, Quad Metals Corporation believes that the disclosures are adequate  to
make  the  information  presented  not  misleading.  These financial statements
should be read in conjunction with the financial  statements  and notes thereto
for  the fiscal year ended December 31, 2001 included in the registrant's  Form
10-KSB.

The  financial   statements   included  herein  reflect  all  normal  recurring
adjustments that, in the opinion  of  management,  are  necessary  for  a  fair
presentation.   The  results for interim periods are not necessarily indicative
of trends or of results  to  be  expected for the full year ending December 31,
2002.


   2.NATURE OF BUSINESS AND PLAN OF OPERATION:

The  objectives  of  the  Company  are   to  seek,  investigate  and,  if  such
investigation warrants, acquire an interest in business opportunities presented
to it by persons or firms who or which desire  to seek the perceived advantages
of a publicly registered corporation. The Company  has  no  recurring source of
revenue  and  has  incurred operating losses since inception. These  conditions
raise substantial doubt  about  the  Company's  ability  to continue as a going
concern as expressed by the Company's independent accountants  in  their report
on  the  Company's  December  31,  2001,  financial  statements.   The  interim
financial statements do not contain any adjustments which might be necessary if
the Company is unable to continue as a going concern.







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<page>
ITEM 2     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
           FINANCIAL CONDITION AND RESULTS OF OPERATIONS

GENERAL

This report contains both historical and prospective statements concerning  the
Company  and its operations.  Prospective statements (known as "forward-looking
statements")  may  or  may  not  prove true with the passage of time because of
future risks and uncertainties.  The  Company cannot predict what factors might
cause actual results to differ materially  from  those indicated by prospective
statements.

RESULTS OF OPERATIONS

For the three month period ended June 30, 2002 compared to the three month
period ended June 30, 2001

For the three months ended June 30, 2002, the Company  had a net loss of $4,371
and was inactive during the comparable period of 2001.   The loss in the second
quarter 2002 is primarily due to increased legal fees included in the Company's
general and administrative expenses.

FINANCIAL CONDITION AND LIQUIDITY

During the six month period ended June 30, 2002, the Company  used  $14,934  of
cash  in  operating  activities.   The  Company  has  no recurring revenue from
operating activities and has no immediate plans to sell  additional  shares  of
common  stock.   The  Company anticipates being able to fund its operations for
the remainder of 2002 through its existing cash resources.















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<page>
                                    PART II


ITEM 1.    LEGAL PROCEEDINGS

           NONE

ITEM 2.    CHANGES IN SECURITIES

           NONE

ITEM 3.    DEFAULTS UPON SENIOR SECURITIES

           NONE

ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

           NONE

ITEM 5.    OTHER INFORMATION

           NONE

ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K

           NONE








                                  SIGNATURES




Pursuant to the requirements  of  Section  13  or  15(b)  of the Securities and
Exchange Act of 1934, the registrant has duly caused this report  to  be signed
on its behalf by the undersigned, thereunto duly authorized.



                            Quad Metals Corporation
                                 (Registrant)


By:  /s/  Robert W. O'Brien                       7/11/02
-------------------------------------             --------
Robert W. O'Brien                                   Date
President, Director and Principal Financial Officer